Unsuitable weather conditions witnessed across the globe are curbing a healthy production of cocoa strains and hindering the supply of fresh cocoa to areas with harsh environments.
View complete report: https://www.futuremarketinsights.com/reports/cocoa-market
Farmers are facing challenges occurring due to poor management of cocoa farms and negligent adoption of modern agricultural techniques
Measures taken by governments to hike the end-user value of cocoa products are compelling cocoa farmers to provide only high-quality cocoa beans and discard the remainder of the produce
According to a recent study published by Future Market Insights, factors as such are decelerating the growth in sales of cocoa in the global food & beverage industry. Farmers and cocoa manufacturers are unable to meet the world’s rising chocolate consumption. The study estimates that over US$ 10 billion worth of cocoa was consumed globally in 2016. However, by the end of 2026, these revenues would have registered a modest 3.4% CAGR and accounted for sales of just above US$ 14.5 billion worth of cocoa.
In the report, titled “Cocoa Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights projects that more than one-third of global cocoa revenues will continue to be stemmed from Western Europe. By the end of 2026, Western Europe’s cocoa market will have surpassed US$ 5 billion in revenues. The Barry Callebaut Group, Nestlé S.A., Puratos Group, and Cémoi are leading cocoa manufacturers based in Western European region. Furthermore, North America will also be a lucrative region for sales of cocoa products, accounting for more than 23% of global revenues throughout the projection period. United Cocoa Processor, Carlyle Cocoa, Blommer Chocolate Company, Mars Incorporated, Cargill Incorporated and The Hershey Company are cocoa manufacturers based in the US, prominent for their contribution in the global market. Other key players in the global cocoa market include Japan’s Meiji Holdings Company, Ltd. and India’s Jindal Cocoa.
Request for sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2961
With respect to the nature of cocoa, the report projects that demand for organic cocoa will not outpace the demand for conventional cocoa, at any time in the due course of forecast period. Challenges arising in cultivating cocoa through organic farming techniques has also lowered the production of organic cocoa. By the end of 2026, organic cocoa worth just over US$ 300 million will be consumed globally. The clarity in consumer preferences towards the nature of cocoa has bifurcated the market into organic cocoa market and conventional cocoa market.
According to the report, demand for organic cocoa butter and organic cocoa liquor will remain higher than that of organic cocoa powder. Naturally-processed organic cocoa will gain traction as opposed to Dutch processing techniques. Throughout the projected period, a majority of organic cocoa produced in the world will be used up for production of confectionery items, functional food, beverages, and cosmetics.
The global market for conventional cocoa will be predominantly dominated by applications such confectionary, bakery items, functional foods and beverages. The report also estimates that in 2016, more than US$ 3.5 billion worth of revenues were generated from sales of conventional cocoa powder. Nonetheless, revenues arising from conventional cocoa liquor will be soaring at the highest CAGR of 4.5%. By the end of 2026, conventional cocoa products derived from Dutch processing techniques will dominate by bringing in nearly US$ 10 billion in global revenues.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cocoa Market here
News-ID: 1149582 • Views: 272
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Cocoa
XploreMR delivers in-depth global market analysis and forecast in a new report titled "Cocoa Liquor Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026" Growing demand for chocolate products in the food & beverage industry continues to fuel the production of cocoa liquor. Over the years, traditional products such as cocoa powder and cocoa butter are being mechanically processed from cocoa liquor. Companies producing high-quality chocolates
Cocoa Market: Steady Popularity of Chocolates to Bolster Cocoa Production
Steady Popularity of Chocolates to Bolster Cocoa Production The retail shelves of chocolates are witnessing the presence of a wide range of chocolates such as milk chocolates, dark chocolates, drinking chocolate and other beverages. While portraying the ever-growing popularity of chocolates, extensive use of cocoa in the production of chocolates has proved beneficial for the growth of the cocoa market. The consumption trend of chocolate is directly connected to the rising
Organic Cocoa Market Is Thriving Worldwide | Cargill, Olam, Barry Callebaut, Sun …
HTF MI recently introduced Global Organic Cocoa Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Cargill, Olam, Barry Callebaut, SunOpta, BT Cocoa, BT Cocoa & Ciranda
Organic Cocoa Market
Organic Cocoa Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. Organic cocoa is produced and processed through natural techniques such as crops rotation, biological crop protection, green manure and compost. On the one hand, implementing organic production and becoming certified can be expensive, especially for small holders, and the return on investment
Global Cocoa & Chocolate Market 2017 - Dutch Cocoa, Cocoa Processing Company Lim …
This is the report on Global Cocoa & Chocolate market which profiles various technological key developments over the world in the recent time. As focusing on the result of cost inflation across the world, the market size is estimated of Cocoa & Chocolate industry to drop at the estimated xx% CAGR from the USD xx million by 2017 to the USD xx million in 2022. Also there are different leading
Global Cocoa Powder Market 2017 - Barry Callebaut, Plot Ghana, Dutch Cocoa, Coco …
Elenora Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. Scope of the Report: This report focuses on the Elenora in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Sample of Report @ http://bit.ly/2qpkXcJ