Organic Cocoa Products Market Report 2020: Exponential Growth by Market Size, Share, Trends and Analysis to 2027

Cocoa or cocoa bean is a fully fermented and dried seed of Theobroma Cacao. The cocoa butter and cocoa solids are extracted from Cocoa seed. Organic cocoa is a bit more acidic and bitter in comparison with normal-cocoa.

Organic cocoa has its applications in many sectors, including food & beverages, pharmaceuticals, and personal care sector. Premium chocolate brands demand for organic-cocoa on a large scale. It is useful for personal care, especially for maintaining healthy skin. It contains various nutrients like fiber, vitamins, minerals (iron, magnesium, and copper), and antioxidants. The presence of anti-enzymatic and antibacterial properties in cocoa is good for oral health. Organic cocoa also helps in lowering blood pressure and maintaining the blood flow in the body.

There has been an increase in the demand for organic cocoa products, due to which, meeting the demand for cocoa has become a significant challenge for the global cocoa market. The highest demand for cocoa is in the U.S., UK, and Germany. Therefore, cocoa is supplied to these regions on a large scale for manufacturing cocoa products. In terms of production, the Dominican Republic dominates the cocoa market, with almost 70% market share. While Peru, Ecuador, and Mexico together hold a 20% share in the cocoa production. And the remaining 10% of the total share in the cocoa production is held by Brazil, Bolivia, Ghana, and others.

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Market scope and structure analysis:

  Market size available for years
  2020–2027

  Base year considered
  2019

  Forecast period
  2021–2027

  Forecast units
  Value ($US)

Regions covered
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered
Kraft Foods Inc., Cargill Incorporated, Blommer Chocolate Company, InterNatural Foods LLC, Ciranda, Barry Callebaut AG, Tradin Organic Agriculture B.V., Artisan Confections Company, PASCHA Company, BT Cocoa, SunOpta, Olam International, Carlyle Cocoa Co. LLC, and Moner Cocoa S.A.

COVID-19 Scenario Analysis:

The organic cocoa market is expected to survive the effects of COVID-19, to some extent.
Chocolate is the major product manufactured from organic cocoa, which does not come under the essential item but is still being purchased by the consumers.
The prevailing lockdown has kept people away from purchasing seasonal and high-end products, due to which, the organic cocoa product sales during Easter showed unsatisfactory results.
The supply chain disruption in cocoa-producing countries will lead to a major cocoa shortage and is a concern for organic cocoa manufacturers.
Also, travel cocoa confectionery sales, which were growing rapidly over the past few years, are on halt due to the travel bans and global quarantines.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Chocolate manufacturing is the most significant application of cocoa that drives the global cocoa market. The demand for chocolate and its related products like milk chocolate, sweet chocolate, dark chocolate, and others coupled with aggressive advertisement and brand recognition drives the global market for organic cocoa. The consumer of today's world has become more health-conscious and is thereby inclining toward natural, organic, and nutritious food habits. Due to the high nutritional benefits from the consumption of organic cocoa, the consumer is shifting toward products made from organic cocoa, in turn, increasing the sales of the global cocoa market. Rapid urbanization, increase in disposable income, and awareness related to the health benefits of the organic products fuel the growth of the global market for this product.

However, the absence of a proper network for the supply of the cocoa restrains the growth of the global organic cocoa market. Also, fluctuating prices of the organic cocoa hamper the market growth for this product.

On the contrary, improvement in the farming techniques to manufacture cocoa will increase the supply for organic cocoa and create lucrative opportunities for growth in the future. Along with this, the demand for labeled food & beverages is on a rise, which is anticipated to propel the market growth for organic cocoa.

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Key Segments Covered:
Segments
Sub-segments

Type
Cocoa Liquor
Cocoa Powder
Cocoa Butter
Cocoa Paste
Cocoa Beans

Application
Food & Beverages
Bakery & Confectionery
Dairy
Sweet & Savory Snacks
Dressings
Pharmaceuticals
Personal care

Distribution Channel
Offline Distribution Channel
Online Distribution Channel

Key Benefits of the Report:

This study presents the analytical depiction of the global organic cocoa industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global organic cocoa market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global organic cocoa market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global organic cocoa market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Organic Cocoa Market Research Report:

What are the leading market players active in the organic cocoa market?
What current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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