openPR Logo
Press release

Cocoa Market Proposals & Trends Leading to 3.3% CAGR Growth during 2017-2022

01-25-2018 08:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR



Fact.MR has recently added a new report to its vast online database. This research study is titled as “Cocoa Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

Request Free Sample Report-

Cocoa, which is obtained from processed cocoa beans, is usually available in powdered or liquid form. Cocoa continues to be the key ingredient for chocolate production. The West African countries, including Cote d'Ivoire, Ghana, Nigeria and Cameroon are the leading producers of cocoa in the world.

Rising popularity of cocoa based products such as cocoa drinks, dark chocolate, cocoa butter and cocoa liquor is reflecting positively on the global cocoa market. Demand for cocoa products, especially chocolate has surged in emerging countries such as India and China. Moreover, introduction of cocoa based health drinks and a range confectionary items is also driving the global sales of cocoa.

There has been strong economic growth witnessed in emerging markets across the globe, particularly in the APEJ region led by China and India. Rising affluence and a greater disposable income has allowed people to indulge in commodities that were once considered ‘luxuries’ such as chocolates. While the per capita chocolate consumption in APEJ is still lower than that of developed countries, it is rising at a much higher rate which this will directly benefit the global cocoa market. With a CAGR of 3.3%, the global cocoa market is anticipated to grow to over US$ 40 billion in 2022 from a value of just US$ 35 billion in 2017.

3 Key Takeaways from Fact.MR’s Forecast on Cocoa Market

· Cocoa liquor will continue to be the top selling cocoa product throughout the forecast period. In terms of revenue, cocoa liquor will account for over 44% share of the market by the end of 2017. Meanwhile, demand for cocoa powder is also likely to increase at significant pace over 2022.

· Confectionary remains the largest application segment of the global cocoa market and is expected to account for over 28% revenue share of the market. Towards the end of assessment period, this segment is expected to reach a market valuation of US$ 10,423.9 Mn in 2022. Apart from food and beverage, cocoa also finds application in the cosmetic and pharmaceutical product.

· In terms of revenue, Europe currently leads the global market for cocoa, and the trend is likely to continue throughout the forecast period. The region is expected to remain one of the most attractive market for cocoa products in 2017 and beyond. During the same period, North America in projected to retain its second spot in the global cocoa market.

Browse Full Report with TOC-

Cocoa Liquor Most Lucrative Segment in Global Cocoa Market

Cocoa liquor has a revenue share of almost 45% of the product type segment in the cocoa market in 2017 and it is predicted to grow at a steady rate during the forecast period. By this time, Europe should contribute almost US$ 5 billion i.e. 30% of the cocoa market and key stakeholders are advised to devise appropriate strategies to target both this region and segment of the cocoa market.

Higher CAGR Seen in Cocoa Butter over Cocoa Powder in Cocoa Market

Cocoa butter is likely to grow at a moderate CAGR, but relatively higher than cocoa powder. In the case of cocoa butter, the market opportunity may grow to more than US$ 9 billion in 2022 from under US$ 7.7 billion in 2017. While Europe consists of 1/3rd of the market by regional contribution, North America is close on its heels and is an equally lucrative opportunity in the cocoa market.

Dutch Segment Slightly Outpaces Natural Segment in Cocoa Market

With a revenue share of over 50%, the Dutch segment is larger than the natural segment which holds the remaining revenue share of the market. The Dutch segment is poised to record a modest CAGR during the forecast period. The natural segment is expected to account for a sizeable revenue share of the market.

Confectionary and Beverages More than Half the Global Cocoa Market

The combined revenue contribution of the confectionary and beverage segment in the global cocoa market is over 50%. The confectionary segment is predicted to grow by more than US$ 1 billion to exceed US$ 10.4 billion by the end of the forecast period. The beverage segment is forecast to be worth more than US$ 7.5 billion in 2017 and Europe comprises the largest regional market for both on account of its longstanding heritage in both confectionary making and beverage brewing.

Overall, the global cocoa market is projected to increase at a stable CAGR during the forecast period. As a luxury food item, its demand will continue to be influenced by ever-evolving consumer tastes and preferences. The global cocoa market is also likely to be influenced by regulations surrounding global trade and raw material supply from various companies. Major players operating in the market will look to consolidate their position by strengthening their supply chain in the market.

Competition Tracking

The report has profiled companies such as United Cocoa Processor, Meiji Holdings Company, Ltd., Blommer Chocolate Company, Mars, Incorporated, Cemoi Chocolatier SA, Puratos Group, Cargill Incorporated, Nestlé S.A., The Hershey Company, and The Barry Callebaut Group as key manufacturers of cocoa in the global market.

Check Discount-

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593

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 Proposals & Trends Leading to 3.3% CAGR Growth during 2017-2022 here

News-ID: 916630 • Views: 125

More Releases from Fact.MR

Vegan Baking Ingredients Market Expected to Witness the Highest Growth during 20 …
According to a recent report by FactMR, vegan baking ingredients sales are expected to close in on 38,000 tons in 2019. Widespread adoption of veganism coupled with pervasive trends such as “mindful choices”, “clean label”, and “sustainability” continue to impact growth of the vegan baking ingredients market. The Fact.MR report tracks the vegan baking ingredients market for the period 2018-2028. According to the report, the vegan baking ingredients market is
Ready-to-Fill Pastry Market Upcoming Trends and Key Growth Factors during 2019-2 …
The ready-to-fill pastry market is experiencing a buzzing growth of more than 6% during the forecast period and several significant companies are investing their time and efforts in the ready-to-fill pastry market under the influence of increased demand for convenient and easily available foods. The trends in the bakery industry also have a noteworthy impact on the northward growth of the ready to fill pastry market. The rising consumer demand
Rail Gangways Market Assessment Based on Top Driving Factors during 2018-2028 | …
Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe. The global rail gangways market is expected to be valued at US$ 392.8 million in 2018, expanding at a significant CAGR of 4.9% over the forecast period (2018-2028). Rising investments in railway developments and upcoming metro
Pod Vapes Market Progress and Top Manufacturer Contribution Forecast Report betw …
A recent study of Fact.MR estimates sales of pod vapes to reach 500 million units in 2019, and register a Y-o-Y growth of 18.5% over 2018. Growth of the pod vapes market can be attributed to the rising concerns about the adverse impact of smoking on health and availability of a multitude of flavored pod vapes. The Fact.MR report also tracks the pod vapes market for the period 2018-2027. The

All 5 Releases

More Releases for Cocoa

Cocoa Liquor
XploreMR delivers in-depth global market analysis and forecast in a new report titled "Cocoa Liquor Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026" Growing demand for chocolate products in the food & beverage industry continues to fuel the production of cocoa liquor. Over the years, traditional products such as cocoa powder and cocoa butter are being mechanically processed from cocoa liquor. Companies producing high-quality chocolates
Cocoa Market: Steady Popularity of Chocolates to Bolster Cocoa Production
Steady Popularity of Chocolates to Bolster Cocoa Production The retail shelves of chocolates are witnessing the presence of a wide range of chocolates such as milk chocolates, dark chocolates, drinking chocolate and other beverages. While portraying the ever-growing popularity of chocolates, extensive use of cocoa in the production of chocolates has proved beneficial for the growth of the cocoa market. The consumption trend of chocolate is directly connected to the rising
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
Organic Cocoa Market
Organic Cocoa Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. Organic cocoa is produced and processed through natural techniques such as crops rotation, biological crop protection, green manure and compost. On the one hand, implementing organic production and becoming certified can be expensive, especially for small holders, and the return on investment
Cocoa Market
Key deterrents factoring the sluggish growth in global cocoa revenues: 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. View complete report: 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
Global Cocoa & Chocolate Market 2017 - Dutch Cocoa, Cocoa Processing Company Lim …
This is the report on Global Cocoa & Chocolate market which profiles various technological key developments over the world in the recent time. As focusing on the result of cost inflation across the world, the market size is estimated of Cocoa & Chocolate industry to drop at the estimated xx% CAGR from the USD xx million by 2017 to the USD xx million in 2022. Also there are different leading