Cocoa Market | Aggregate Insights | Market Forecast to 2026
The global cocoa market was worth the US XX billion in 2018 and is expected to reach US XX billion by 2026, at a CAGR of XX% during the forecast period.
(EMAILWIRE.COM, November 08, 2019 ) Market Overview
Cocoa is a plant from where the chocolate is produced. Bitter chocolate is provided by pressing roasted cocoa seeds between hot rollers. Cocoa powder is produced after squeezing the cocoa butter from bitter chocolate. Cocoa contains antioxidants called flavonoids.
The increase of its demand in the various application is expected to drive the market growth at a higher CAGR during the forecast period.
Market Dynamics
Health benefits of cocoa are one of the significant factors that are driving market growth.
Cocoa helps in regulating the symptoms of intense fatigue syndrome, reduces hypertension, provides protection against sunburn, improves heart health, and others.
Further, it has anti-oxidative, anti-depressant, and anti-inflammatory properties. Thus increasing awareness about health among people is driving the market growth.
Also, growing end-user industries, such as food & beverages, cosmetics, pharmaceuticals, and others are propelling market growth. Cocoa contains proteins, minerals, vitamins, and amino acids which will increase the usage of these products as moisturizing, purifying and antioxidant agents. Additionally, the smell of cocoa care provides an instant good-mood feeling
For instance, according to BPI; IQVIA (German Federal Association of the pharmaceutical industry) the worldwide pharmaceutical industry generated a revenue of 1,1,43 billion by 2017 which is increased by 28% from 2010.
However, cocoa also has few adverse reactions like causing skin allergies, constipation, and it might trigger migraine headaches.
It can also cause digestive complaints including stomach rumbling, nausea, intestinal discomfort, and gas.
Market Segmentation
Based on the application the global cocoa market is broadly segmented as cosmetics, food, beverages, pharmaceuticals, and others
Among all these functional food applications is accounted for significant market share and is expected to grow at a higher CAGR over the forecast period.
Because chocolate is one of the most common flavors for a variety of functional food products such as protein snack bars, protein shakes, and also for other nutraceutical products.
Additionally, manufacturers are into developing new innovative varieties, such as coated fruits, nuts, cereals, and many more. And the popularity of such products is increasing rapidly, especially in developed countries, thereby giving a push to the global cocoa market.
Also, the easy availability of a wide variety of chocolate flavors and types of chocolates is resulting in increasing consumption. For instance, according to (International Cocoa Organization) in 2017, Switzerland was the highest consumer of chocolate, with an average consumption of 8.8 kilograms per person.
Geographical Analysis
The global cocoa market is segmented into North America, Europe, Asia Pacific, South America Cand Middle East & Africa.
North America occupies the dominant share in the cocoa market. It is owing to the presence of a large number of major manufacturers of pharmaceuticals, and food & beverages.
Over the forecast period, the Asia Pacific region is predicted to grow at a higher CAGR. It is owing to the massive demand for cocoa in food & beverage, and pharmaceutical industries. For instance, according to LOreal, in 2015, the total global cosmetic market was worth approximately 203 billion euros in which the Asia Pacific accounted for about 30%.
Cocoa Market Competitive Trends
Significant players of the global cocoa market are The Barry Callebaut Group, Jindal Cocoa, The Hershey Company, Nestlι S.A., Cargill Incorporated, Puratos Group, Carlyle Cocoa, Cιmoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., United Cocoa Processor, and others. Most of these leading companies operating in the global cocoa market are implementing a few of their key strategies such as product developments, mergers & acquisition, and others to maintain their share in this highly competitive market. For instance, in July 2018, Puratos Group has introduced its cocoa sourcing program to Papua New Guinea.
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About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Cocoa is a plant from where the chocolate is produced. Bitter chocolate is provided by pressing roasted cocoa seeds between hot rollers. Cocoa powder is produced after squeezing the cocoa butter from bitter chocolate. Cocoa contains antioxidants called flavonoids.
The increase of its demand in the various application is expected to drive the market growth at a higher CAGR during the forecast period.
Market Dynamics
Health benefits of cocoa are one of the significant factors that are driving market growth.
Cocoa helps in regulating the symptoms of intense fatigue syndrome, reduces hypertension, provides protection against sunburn, improves heart health, and others.
Further, it has anti-oxidative, anti-depressant, and anti-inflammatory properties. Thus increasing awareness about health among people is driving the market growth.
Also, growing end-user industries, such as food & beverages, cosmetics, pharmaceuticals, and others are propelling market growth. Cocoa contains proteins, minerals, vitamins, and amino acids which will increase the usage of these products as moisturizing, purifying and antioxidant agents. Additionally, the smell of cocoa care provides an instant good-mood feeling
For instance, according to BPI; IQVIA (German Federal Association of the pharmaceutical industry) the worldwide pharmaceutical industry generated a revenue of 1,1,43 billion by 2017 which is increased by 28% from 2010.
However, cocoa also has few adverse reactions like causing skin allergies, constipation, and it might trigger migraine headaches.
It can also cause digestive complaints including stomach rumbling, nausea, intestinal discomfort, and gas.
Market Segmentation
Based on the application the global cocoa market is broadly segmented as cosmetics, food, beverages, pharmaceuticals, and others
Among all these functional food applications is accounted for significant market share and is expected to grow at a higher CAGR over the forecast period.
Because chocolate is one of the most common flavors for a variety of functional food products such as protein snack bars, protein shakes, and also for other nutraceutical products.
Additionally, manufacturers are into developing new innovative varieties, such as coated fruits, nuts, cereals, and many more. And the popularity of such products is increasing rapidly, especially in developed countries, thereby giving a push to the global cocoa market.
Also, the easy availability of a wide variety of chocolate flavors and types of chocolates is resulting in increasing consumption. For instance, according to (International Cocoa Organization) in 2017, Switzerland was the highest consumer of chocolate, with an average consumption of 8.8 kilograms per person.
Geographical Analysis
The global cocoa market is segmented into North America, Europe, Asia Pacific, South America Cand Middle East & Africa.
North America occupies the dominant share in the cocoa market. It is owing to the presence of a large number of major manufacturers of pharmaceuticals, and food & beverages.
Over the forecast period, the Asia Pacific region is predicted to grow at a higher CAGR. It is owing to the massive demand for cocoa in food & beverage, and pharmaceutical industries. For instance, according to LOreal, in 2015, the total global cosmetic market was worth approximately 203 billion euros in which the Asia Pacific accounted for about 30%.
Cocoa Market Competitive Trends
Significant players of the global cocoa market are The Barry Callebaut Group, Jindal Cocoa, The Hershey Company, Nestlι S.A., Cargill Incorporated, Puratos Group, Carlyle Cocoa, Cιmoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., United Cocoa Processor, and others. Most of these leading companies operating in the global cocoa market are implementing a few of their key strategies such as product developments, mergers & acquisition, and others to maintain their share in this highly competitive market. For instance, in July 2018, Puratos Group has introduced its cocoa sourcing program to Papua New Guinea.
Enquire Before Purchase: https://www.datamintelligence.com/enquiry/cocoa-market
Download free sample: https://www.datamintelligence.com/download-sample/cocoa-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results