Cocoa Market will register a moderate CAGR of 3.3% between 2017 and 2022

A stellar growth trajectory of the cocoa market is anticipated owing to the rising demand from the flourishing chocolate industry across the global regions. Levels of chocolate production and consumption are the prime fillip helming the cocoa market, where rising discretionary income have dramatically bolstered the purchase of chocolates. Historically known for its limited consumption as a luxury item, popularity of chocolate is driven by growing palate for cocoa flavor worldwide. Apart from its extensive application in the food and beverage industry, cocoa is exploited by pharmaceutical, cosmetics, confectionery and functional food industries among others, representing future lucrative opportunities for the cocoa market.

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Cocoa Market to Dip Toes into New Ventures Following “Organic” and “Gluten-free” Consumer Trends

Rising incidences of lifestyle health diseases have prompted consumers to become health conscious and proactive in their purchase of food products. Demand for organic products is gaining traction with consumers seeking to avoid consumption of harmful chemicals. As the diagnosis of gluten sensitivity increases across the globe, gluten-free food products are highly sought after among not only sensitive consumers but health-conscious consumers as well. To aim the consumer base with such a high health consciousness, manufacturers in the cocoa market are focusing on delivering innovative and healthier cocoa products with lesser sugar content and as organic and gluten-free origin. Further, by manufacturing cocoa liquor products with the non-GMO material, the cocoa market is expected to attract health-conscious consumers. Amidst the rising incidences of consumers quitting chocolate consumption, as cocoa manufacturers dip their toes into novel production methods of organic and gluten-free products, cocoa market to witness an impressive growth trajectory during the review period.

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Competition Landscape

The cocoa market is expected to observe an intense competitive scenario among existing as well as emerging market players. Key market players operating in the cocoa market include Cargill, Inc, Olam International Ltd, Barry Callebaut AG, Guan Chong Cocoa Manufacturers Sdn., Natra SA, Touton SA, BT COCOA, Dutch Cocoa BV, Blommer Chocolate Company, JB Foods, and Cemoi Chocolatier SA. To win over the competition, existing as well as emerging players are leveraging business strategies such as new product launches, collaborations and acquisitions to maintain their position in the global market space.

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Posted by Neha Bhosle on Friday February 19 2021, 10:04 AM EST. All trademarks acknowledged. Filed under Food, Food & Beverage, Non FirstPage. Comments and Trackbacks closed. Follow responses: RSS 2.0