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Global Cocoa Market to Witness a Pronounce Growth During 2024– Top Key players like Cargill,Hershey,Puratos,Inc.
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A cocoa processing plant transforms cocoa beans into three main components: cocoa liquor and cocoa butter and cocoa powder. These components can be used to make different products. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds.
Cocoa industry is highly mature. Currently, there are many producing companies in the Cocoa & Chocolate industry. The main players are Barry Callebaut, Cargill, Nestle SA, Mars and Hershey. The market can be broadly categorized as open market and captive market. Barry Callebaut is the market leader in open market while for captive market the market is dominated by Nestle SA, Mars and Hershey.
In consumption market, the global consumption value of Cocoa increases with the 2.15% average growth rate from 2014-2018. Europe is the mainly consumption region due to the bigger demand of downstream applications. Europe occupied 54.57% of the global consumption volume in total in 2018.
According to this study, over the next five years the Cocoa market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 15080 million by 2024, from US$ 13580 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Cocoa business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer (FUJI OIL)
Olam
Puratos
Cémoi
Irca
Foley's Candies LP
NATRA
Kerry Group
Valrhona
Guittard
Ferrero
Ghirardelli
Alpezzi Cocoa & Chocolate
Republica del Cacao
TCHO
Market Segment by Type, covers
Cocoa Liquor
Cocoa Butter
Cocoa Powder
Market Segment by Applications, can be divided into
Confectionery
Food and Beverage
Cosmetics
Others
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Related Information:
North America Cocoa Market Growth 2019-2024
United States Cocoa Market Growth 2019-2024
Asia-Pacific Cocoa Market Growth 2019-2024
Europe Cocoa Market Growth 2019-2024
EMEA Cocoa Market Growth 2019-2024
Global Cocoa Market Growth 2019-2024
China Cocoa Market Growth 2019-2024
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