Cocoa Market is Booming 2019: Archer Daniels Midland, Blommer Chocolate Company, Barry Callebaut, Cargill Inc., Cocoa Processing Company, Mars Incorporated, Carlyle Cocoa, The Hershey Company, Puratos Group, Lindt & Sprungli, and United Cocoa Processor In

Cocoa is majorly used to confer flavor, taste, and texture to food. Moreover, cocoa enhances functional and nutritional benefits. This is majorly due to the presence of flavonoids in cocoa. Flavonoid consumption is associated with various health benefits such as reduced risk of cardiovascular problems and blood pressure coupled with the improved blood vessel functioning and cholesterol levels. Furthermore, chocolate is also used to masks the unpleasant taste of medicines. This in turn, increases the cocoa market penetration in pharmaceutical sector.

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Major players operating in the global cocoa market include Archer Daniels Midland, Blommer Chocolate Company, Barry Callebaut, Cargill Inc., Cocoa Processing Company, Mars Incorporated, Carlyle Cocoa, The Hershey Company, Puratos Group, Lindt & Sprungli, and United Cocoa Processor Inc.

Market Dynamics

Growing demand for premium and specialty cocoa bean is the major factor contributing to the growth of global cocoa market. Furthermore, increasing awareness regarding the health benefits of consuming flavonoids is propelling the demand for dark chocolate, as it contains high amount of cocoa. This in turn, fueling growth of the cocoa market. Wide applicability of cocoa is considered as another factor driving the market growth. Cocoa is widely used in the manufacturing of dark chocolate, sweet chocolate, milk chocolate, drinking chocolate, bakery, and confectionary products.

Europe held a dominant position in the global cocoa market in 2016, owing to growing demand for high grade and fine flavor cocoa in the region. Fine flavor cocoa beans have higher quality as compared to common grade cocoa beans, owing to their more pronounced organoleptic characteristics such as taste, color and odor.

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