cocoa market over the forecast period, registering a CAGR of 4.3% in terms of value during the forecast period 2016-2026
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
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 cocoa farmers to provide only high-quality cocoa beans and discard the remainder of the produce
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2961
According to a recent study published by Future Market Insights, factors as such are decelerating the growth in sales of cocoa in the global food & beverage industry. Farmers and cocoa manufacturers are unable to meet the world’s rising chocolate consumption. The study estimates that over US$ 10 billion worth of cocoa was consumed globally in 2016. However, by the end of 2026, these revenues would have registered a modest 3.4% CAGR and accounted for sales of just above US$ 14.5 billion worth of cocoa.
In the report, titled “Cocoa Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” Future Market Insights projects that more than one-third of global cocoa revenues will continue to be stemmed from Western Europe. By the end of 2026, Western Europe’s cocoa market will have surpassed US$ 5 billion in revenues. The Barry Callebaut Group, Nestlé S.A., Puratos Group, and Cémoi are leading cocoa manufacturers based in Western European region. Furthermore, North America will also be a lucrative region for sales of cocoa products, accounting for more than 23% of global revenues throughout the projection period. United Cocoa Processor, Carlyle Cocoa, Blommer Chocolate Company, Mars Incorporated, Cargill Incorporated and The Hershey Company are cocoa manufacturers based in the US, prominent for their contribution in the global market. Other key players in the global cocoa market include Japan’s Meiji Holdings Company, Ltd. and India’s Jindal Cocoa.
With respect to the nature of cocoa, the report projects that demand for organic cocoa will not outpace the demand for conventional cocoa, at any time in the due course of forecast period. Challenges arising in cultivating cocoa through organic farming techniques has also lowered the production of organic cocoa. By the end of 2026, organic cocoa worth just over US$ 300 million will be consumed globally. The clarity in consumer preferences towards the nature of cocoa has bifurcated the market into organic cocoa market and conventional cocoa market.
According to the report, demand for organic cocoa butter and organic cocoa liquor will remain higher than that of organic cocoa powder. Naturally-processed organic cocoa will gain traction as opposed to Dutch processing techniques. Throughout the projected period, a majority of organic cocoa produced in the world will be used up for production of confectionery items, functional food, beverages, and cosmetics.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-2961
The global market for conventional cocoa will be predominantly dominated by applications such confectionary, bakery items, functional foods and beverages. The report also estimates that in 2016, more than US$ 3.5 billion worth of revenues were generated from sales of conventional cocoa powder. Nonetheless, revenues arising from conventional cocoa liquor will be soaring at the highest CAGR of 4.5%. By the end of 2026, conventional cocoa products derived from Dutch processing techniques will dominate by bringing in nearly US$ 10 billion in global revenues.
About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
Future Market Insights
616 Corporate Way,
New York 10989,
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 over the forecast period, registering a CAGR of 4.3% in terms of value during the forecast period 2016-2026 here
News-ID: 455757 • Views: 131
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small