Press release
Cocoa Products Market 2019 Analysis - Meiji Holdings Co., Ltd., Ferrero, Société des Produits Nestlé S.A, Touton S.A., Plot Enterprise Ghana Ltd, BD Associates
Cocoa Products Market
Global Cocoa Products Market is expected to register a steady CAGR of 4.5 % in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to rising health benefits, large number of user and high sales due to festival.
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Few of the major competitors currently working in the global cocoa products market are Plot Enterprise Ghana Ltd, BD Associates, FUJI OIL HOLDINGS INC, ECOM Agroindustrial Corporation Ltd., Cocoa Processing Company Limited (CPC), Touton S.A., NICHE COCOA INDUSTRY LTD, Olam International, Cargill, Incorporated., Barry Callebaut, Arcor, HARIBO of America, Inc., LINDT & SPRÜNGLI, The Hershey Company, Meiji Holdings Co., Ltd., Ferrero, Société des Produits Nestlé S.A, Mondelēz International., Mars, Incorporated, Cacao Bahia and others.
Cocoa is the main element of our chocolate that comes from seeds of cocoa fruit (cocoa beans) that grow on cocoa trees. The growth of cocoa starts in the tropical areas around the Equator, where the warm and humid climate is suitable for increasing cocoa trees. 70% of the world's cocoa beans come from four countries in Western Africa. Cocoa attributes to its health benefits as it facilitates in regulating the signs of severe fatigue syndrome, offers safety against sunburn, reduces high blood pressure, improves coronary heart fitness and so forth. Cocoa is likewise a rich antioxidant source.
Market Drivers:
Health benefits related to cocoa products is driving the market growth
Sales related to festive seasons enhances the growth of the market
Huge demand from chocolate industry is bolstering the cocoa product market growth
Newfound application in cosmetic and pharmaceutical enterprises is propelling the growth of the market
Market Restraints:
Highly economic instability hamper the cocoa product market
Cost of raw material is also restraint the market
Cocoa farmers have shifted their cognizance to the cultivation of different immoderate-yield flowers which is limiting the increase in the market
Key Developments in the Market:
In July 2019, Nestle announced its unique chocolate, named KitKat. The chocolate is entirely made of cocoa fruit and the ingredient used is cocoa fruit beans and pulp, in which no refined sugar is used. This innovation will help the company to provide a unique and pure chocolate experience which will help them to retain their customers for the long term
In September 2018, Mars Wrigley Confectionery invested USD 1 billion over the period of 10 years to save the interest of the farmer for its cocoa production which will revamp its new cocoa supply chain and ultimately increase the revenues of the company making company to reaffirms as a leader in the confectionery category
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Comprehensive study of the market
The Global Cocoa Products Market research report provides the comprehensive and in depth study of the market which sheds light on each segment and provides precise investigation considering attractiveness, demand production and sales volume and growth prospects. Moreover this Global Cocoa Products Market report features the segmentation analysis to facilitate clients with a shrewdness that helps them to select appropriate segments of the Cocoa Products Market
By Type
• Cocoa Butter
• Cocoa Liquor & Paste
• Cocoa Powder & Cake
• Chocolate
• Cocoa Beans
By Application
• Cosmetics
• Pharmaceuticals
• Food & Beverage
• Confectionery
By Distribution Channel
• Online
• Offline
Geographical landscape
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, rest of south America)
• Asia and Pacific region (Japan, china, India, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, etc.)
• Middle east and Africa (UAE, Saudi Arabia, Oman, etc.
• Europe (Germany, Italy, U.K, France, Spain, Netherlands, Belgium, Switzerland, Russia, etc.)
Summary of the research report
• Provides the main statistical data on the current status of Industry is a valuable guide and direction for companies and individuals involved in the market.
• The industry development trends and market channels were analyzed in this Global Cocoa Products Market research report
• It estimates the market size and future growth potential of the market across different regions
• The market is projected to be the fastest growing market during the forecast period from 2019 to 2026.
• Statistical data is provided through several charts, graphs and graphics to understand the market in easy way.
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Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research
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