Cocoa Products Market Share, Growth, Global Analysis and Forecast 2028

Posted by Prabha Mahajan on November 28th, 2022

The report aims to provide an overview of the “Cocoa Products Market” with detailed market segmentation. Also, it analyses the current market scenario and forecasts the market till 2028. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyses the competitive scenario, geographic trends, and opportunities in the markets for all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their strategies. The report also provides porter’s five forces analysis and SWOT analysis for all companies profiled in the market report.

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Cocoa products are derived from cocoa beans or fermented seeds of Theobroma cacao or cocoa tree. Some of the chief cocoa products include cocoa powder, chocolate, cocoa butter, cocoa liquor, etc. Numerous cocoa products and derivatives of cocoa find applications in end-use industries ranging from chocolate to cosmetic and pharmaceuticals and liquor to pharmaceuticals. Cocoa products such as cocoa powder have been shown to regulate blood pressure and prevent the development of hypertension, lower risk of heart attacks and strokes, and promote the health of skin and teeth.

The rising demand for chocolates and related products such as dark chocolates, milk chocolates, etc. has led to a surge in demand for cocoa products. Burgeoning chocolate consumption per capita and aggressive advertisements and promotional campaigns are undertaken by manufacturers to attract buyers is likely to drive the demand for cocoa products. Furthermore, the use of cocoa butter in the formulation of various personal care and cosmetic products owing to its therapeutic properties is expected to further augment the demand for cocoa products in the forecast period. The demand for organic cocoa products has grown rapidly, as consumers have grown increasingly concerned about food safety along with the impact of cocoa plantations on the environment. However, the threat to the sustainability of cocoa production, rampant use of fertilizers, poor soil fertility, and climate change is likely to affect the production of cocoa products in the forecast period.

Cocoa Products Market Scope: 

The Cocoa Products Market study is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cocoa products market with detailed market segmentation by product, application, and geography. The global cocoa products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cocoa products market players and offers key trends and opportunities in the market.

The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2020–2028? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Cocoa Products market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the market?
• What are the prominent market trends influencing the development of the market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

Major key players covered in this report:

1. Barry Callebaut AG
2. Cargill Inc.
3. Cargill, Incorporated
4. Ciranda, Inc.
5. FUJI OIL CO., LTD.
6. Guan Chong Berhad (GCB)
7. Puratos Group
8. The Hershey Company
9. Touton S.A.
10. United Cocoa Processor, Inc.

The global cocoa products market is segmented on the basis of product and application. On the basis of product, the cocoa products market is segmented into, cocoa beans, cocoa butter, cocoa powder & cake, cocoa paste & liquor, and chocolate. On the basis of application, the market is bifurcated into, confectionery, food and beverages, cosmetics, pharmaceuticals, and others.

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Reason to Buy:

• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Cocoa Products market, thereby allowing players to develop effective long-term strategies. 
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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