Cocoa Market Globally Expected to Drive Growth through 2024
Cocoa is a fatty bean obtained from Theobroma cocoa, It is dried and fermented after which processed further to extract cocoa powder, cocoa oil, cocoa butter, cocoa liquor and liqueur, and other solids. The demand for cocoa is mainly increasing due to its use in chocolate. The three common plants from which cocoa is derived are criollo, trinitario, and forastero. Of these, forastero has emerged as the most sought-after type of cocoa plants as it is known to produce the best quality of cocoa. Also cocoa products are known to have high flavonoid concentration, due to which they are known to be beneficial to people with cardiovascular problems.
The report presents a detailed assessment of the growth drivers and restraints impacting the global cocoa market. It compiles exhaustive information sourced via proven research methodologies and aimed at providing a better perspective of the global cocoa market. For the purpose of the study, the report segments the market based on various parameters and studies the factors impacting its trajectory across all these segments. Using Porter's five forces it also offers information on the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the global cocoa market.
Global Cocoa Market: Drivers and Restraints
The cocoa market is expected to report strong growth over the course of the forecast period. The market is largely driven by the increasing demand for chocolate and chocolate coatings around the world. Some of the most popular products where cocoa is found are sweet chocolate, dark chocolate, drinking chocolate, milk chocolate, and baking chocolate. The extensive use of cocoa is expected to be the chief growth driver of the global cocoa market. However, health concerns related to the high sugar-content in most cocoa-based products are expected to hamper the market's growth to an extent.
Request A Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1390
The increasing consumption chocolate confectionary is strongly linked to the affordability of consumers. Hence, the cocoa market could witness a more elastic response in countries with lower income. As the disposable income of the consumers increase in the world's advanced economies and the per capita income of consumers in emerging nations continue to rise, particularly in Eastern Europe, Africa, and Asia Pacific, the experts believe the fundamentals of demand for the cocoa market are very encouraging.
Despite negative impact of economic downturn witnessed, especially in developed markets, the demand for cocoa in the food and chocolate confectionaries market will continue to surpass through the forecast period. Also the newfound application in cosmetic and pharmaceutical industry will keep the pace of gains for the market high in the near future.
REQUEST FOR COVID19 IMPACT ANALYSIS - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1390
Global Cocoa Market: Regional Outlook
Regionally, the global cocoa market can be segmented into North America, Asia Pacific, Europe, and Rest of the World. Countries such as Belgium, Ghana, Switzerland, and the U.K. have emerged as the global leaders in the cocoa market. Also, from a global perspective, markets in North America, Asia Pacific, and the Middle East have been exhibiting superior consumption and production of cocoa products. The recent trends of using cocoa as a raw material across diverse industries is also expected to give impetus to the cocoa market across the aforementioned regions.
Global Cocoa Market: Vendor Landscape
The market study also profiles companies such as Wilbur Chocolate Company Inc., Kraft Foods Inc., Petra Foods Limited, Belcolade NV, Dutch Cocoa B.V, Cargill Cocoa & Chocolate, Blommer Chocolate Company, Ferrero S.P.A., Guan Chong Cocoa Manufacturer Sdn. Bhd., Organic Commodity Products Inc., and others. Besides including a detailed assessment of their product portfolio, the report also analyzes the strategies they adopted to strengthen their market position. Using SWOT analysis, the report presents insights into the strengths and weaknesses of the companies profiled. The analysis also offers information on the potential threats and opportunities that these companies could face over the course of the forecast period.
Explore Transparency Market Research's award-winning coverage of the global Food and Beverage Industry: https://www.prnewswire.com/news-releases/tmr-forecasts-promising-valuation-for-edible-flakes-market-rising-demand-for-nutritious-diets-to-drive-market-value-to-us-22-3-bn-by-2029-end-301015252.html
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
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 Globally Expected to Drive Growth through 2024 here
News-ID: 2064585 • Views: 76
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
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
Key deterrents factoring the sluggish growth in global cocoa revenues: 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
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