Cocoa and Chocolate Market Augmented to Reach USD 115.91 billion by 2030, Share, Size, Demand, Opportunities, Sales Area And Revenue Outlook

Data Bridge Market Research in its report titled of Cocoa and Chocolate Market offers comprehensive insights and detailed research on this market. The report covers the key factors that are propelling the growth of the Cocoa and Chocolate market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.

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Market Analysis and Size

Data Bridge Market Research analyses that the cocoa and chocolate market was valued at USD 74.39 million in 2021 and is expected to reach the value of USD 115.91 billion by 2029, at a CAGR of 5.7% during the forecast period of 2022 to 2029.Cocoa is a substance made from the seeds of the cocoa tree. Although it originated in Latin America, cocoa is now grown in nearly every tropical region, from West and Central Africa to Asia and Oceania. Cocoa seeds are used to produce a range of products such as cocoa liquor, cocoa butter, and cocoa powder.

Cocoa is an unadulterated form of chocolate. Chocolate is made from cocoa beans and has gone through the same manufacturing process as cocoa. However, cocoa butter is not removed from chocolate. Cocoa butter contributes to chocolate's smoother and richer consistency.

Cocoa and Chocolate Market Dynamics

Drivers

Growing awareness about benefits of cocoa and chocolate
The growing awareness of the health benefits of consuming cocoa-rich products drives the growth of the cocoa and chocolate market. Cocoa helps reduce hypertension, chronic fatigue syndrome, protection against sunburn, and other health benefits to the human body. Cocoa also contains polyphenols, which serve to protect bodily tissues from oxidative stress and related diseases such as cancer and inflammation. These factors are also propelling the cocoa and chocolate markets forward.

Growing demand for cocoa based products

Increased demand for chocolate and related products such as milk chocolate, sweet chocolate, and dark chocolate, and advertising by manufacturers to increase brand recognition, are driving the growth of the cocoa and chocolate market. Progresses in commercial farming techniques are used to produce cocoa, which is expected to increase supply and thus improve growth prospects in the future.

Opportunity

Theo bromine, which is found in cocoa powder, helps to reduce inflammation and protects against serious diseases. As cocoa contains a high concentration of phytonutrients while being low in fat and sugar, the calories obtained from cocoa powder are rich in beneficial compounds. Raw products are often less processed and healthier because they are made from agitated, dried, unroasted cacao beans. Nonetheless, dark chocolate with at least 70% cacao is a good source of antioxidants and minerals, creating a huge market opportunity.

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