openPR Logo
Press release

Cocoa Market Globally Expected to Drive Growth through 2024

Global Cocoa Market: Overview

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

Contact Us

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website:https://www.transparencymarketresearch.com

About Us

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:

Copy
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:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Cocoa

Organic Cocoa Market Is Booming Worldwide 2025-2032 |PureEco Cocoa Farms, BioHar …
The Organic Cocoa Market is witnessing significant attention from various sectors, driven by evolving consumer preferences toward natural and sustainably sourced products. The increasing awareness around healthy lifestyles and environmental impact has intensified the demand for organic cocoa over conventional variants. This industry is not only expanding in size but is also experiencing dynamic shifts in market share among different regions and product segments. The Global Organic Cocoa Market size
Cocoa Market By Product Type (Cocoa Liquor, Cocoa Butter, Cocoa Powder), Distrib …
Cocoa Market attained a value of nearly USD 14.5 billion in 2022. The market is further expected to grow at a CAGR of 4.7% between 2023 and 2028 to attain a value of USD 19.1 billion. The market research provides insightful and thorough information about the various key players in the global market, including their financials, supply chain trends, technological advancements, key developments, as well as future strategies, acquisitions & mergers,
Cocoa Beans Industry to Perceive Substantial Growth during 2031 | Cacao Bahia, D …
The latest research report on the Global Cocoa Beans Industry for the forecast period, 2021-2031 is involved in screening the business environment and the companies operating in the Cocoa Beans industry. Importantly, the research sheds a lot of light on their successful strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed based on the total revenue generated as
Cocoa Derivatives Market - Key Players, Size, Trends, Growth Opportunities, Anal …
This detailed market study covers cocoa derivatives market growth potentials which can assist the stake holders to understand key trends and prospects in cocoa derivatives market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The
Cocoa Fiber Market to Witness Huge Growth by 2026 - Cargill, Jindal Cocoa, Carly …
A new research study has been presented by Industrygrowthinsights.com offering a comprehensive analysis on the Global Cocoa Fiber Market where user can benefit from the complete market research report with all the required useful information about this market. The report discusses all major market aspects with expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics,
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