Press release
Boosting the Cocoa Ingredients Market by 2017 - 2025
Cocoa Ingredients Market, Cocoa Ingredients, Cocoa Ingredient Market
Exponentially rising chocolate sales across the world are anticipated to be the main cocoa ingredients market driver. Booming economic growth in the APAC region (led by China and India), Latin America and Southeast Asia along with an increasing disposable income will spur the demand for chocolates. In addition to this, there is a growing realisation that dark chocolate with the maximum amount of cocoa (usually above 70%) has several health benefits. Studies have shown that it contains antioxidants, lowers the risk of heart disease, improves blood flow & lowers blood pressure, and decreases oxidised LDL cholesterol levels, especially in men. This is particularly relevant in developed countries which have an ageing population. Cocoa seeds are used by some people as a medicine and it is supposed to help treat infectious intestinal diseases, asthma, diarrhoea, bronchitis. The seed coat is used for bladder, liver and kidney trouble, as a tonic, treating diabetes, and even as a general remedy. The butter is helpful in cases of high cholesterol, to treat wrinkles and even to prevent pregnancy stretch marks.
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Cocoa Ingredients Market Restraints
Rising production cost is anticipated to be the single biggest restraint in the cocoa ingredients market. 70% of the world’s cocoa is produced in the West African nations of Ivory Coast and Ghana. Last year, unfavourable weather led to unusually small cocoa beans. Cocoa production in Ghana plummeted in 2015 after local farmers applied critical pesticides very late in the crop’s development cycle. At the same time, a sharp drop in sugar production has driven up its prices substantially. Both of these are the main components of chocolate bars but intense competition in the industry means that confectionary companies have no choice but to absorb the additional costs. Compounding this is the slowdown experienced in the key markets of North America and Europe. Customers in these regions have become very health conscious in recent times and many of them are forgoing chocolate entirely in favour of healthier alternatives. For the last decade, the growth rates of these healthier options have been outpacing that of the confectionary industry. They have also begun to move up to premium or indulgent products that usually have fewer cocoa ingredients than mainstream options.
Cocoa Ingredients Market Key Market Players
The cocoa ingredients market key players are Archer Daniels Midland Company, Barry Callebaut, Cocoa Processing Company Ltd., Mars Inc., Hershey, United Cocoa, Olam International Ltd., Cargill Incorporated, Agostonichocolate and Cocoa Processing Company Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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