Cocoa and Chocolate Market Expected a Maintain 2.28% CAGR during 2016 to 2021
Regional and country-level analysis and forecasts of the Cocoa and Chocolate Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
(EMAILWIRE.COM, November 01, 2018 ) The Global Cocoa and Chocolate Market was worth $123.32 billion in 2016 and estimated to be growing at a CAGR of 2.28%, to reach $138.03 billion by 2021.
Browse details of 178 pages research report on Global Cocoa and Chocolate Market @ http://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/
Global Cocoa and Chocolate Market Overview:
The market is showcasing huge potential in the mentioned forecasting period. Chocolate is mainly classified by the amount of cocoa it contains. Chocolate is considered as “dark chocolate” if it contains more than 60% cocoa. Milk chocolates account for about 50% of all chocolate consumption but they, in general, contain as little as 10% cocoa.
The cocoa and chocolate market has been growing at a steady pace. The constant strong demand from North America is propelling the cocoa and chocolate market in the region. Cocoa provides texture, flavour, and colour to products. Furthermore, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is observing growth in developing economies such as India and China. Dark chocolate contains high amounts of antioxidants, which are believed to delay or prevent certain types of diseases like cardiac arrest. This health benefit, perceived by people and doctors, is one of the main reasons behind strong growth for products with high quantities of cocoa.
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Global Cocoa and Chocolate Market Segmentation:
The Global Cocoa and Chocolate Market is categorized by Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate and Filled Chocolate), by Cocoa type (Cocoa Butter, Cocoa Liquor and Cocoa Powder). Based on Application, the market is further segmented into Cosmetics, Pharmaceuticals, Food and Beverage and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2016 to 2021. The cocoa liquor segment dominated the cocoa market in 2016.
Geographical Brief:
Europe is the leading consumer of cocoa, followed by North America. Also, Europe is a major processor of cocoa in the global market and is forecasted to grow at the highest rate. However, the overall cocoa and chocolate industry in the European region has become stagnant and saturated over the last few years. Consumer awareness pertaining to health benefits of cocoa has led to some of the important innovations in the North American cocoa and chocolate industry.
Some of the major companies dominating the Cocoa and Chocolate Market, by their products and services include:
• ADM
• Cargill
• Bunge
• Barry Callebaut
• Indcresa
• Blommer and JB Foods Limited
• Plot Ghana
• Dutch Cocoa
• Cocoa Processing Company Limited
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About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact:
Abhishek Shukla
International Business Development Manager
Market Data Forecast
Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
Browse details of 178 pages research report on Global Cocoa and Chocolate Market @ http://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/
Global Cocoa and Chocolate Market Overview:
The market is showcasing huge potential in the mentioned forecasting period. Chocolate is mainly classified by the amount of cocoa it contains. Chocolate is considered as “dark chocolate” if it contains more than 60% cocoa. Milk chocolates account for about 50% of all chocolate consumption but they, in general, contain as little as 10% cocoa.
The cocoa and chocolate market has been growing at a steady pace. The constant strong demand from North America is propelling the cocoa and chocolate market in the region. Cocoa provides texture, flavour, and colour to products. Furthermore, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is observing growth in developing economies such as India and China. Dark chocolate contains high amounts of antioxidants, which are believed to delay or prevent certain types of diseases like cardiac arrest. This health benefit, perceived by people and doctors, is one of the main reasons behind strong growth for products with high quantities of cocoa.
Avail Free Sample Market Brochure of the report for more information, Get a Copy @ http://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/request-sample
Global Cocoa and Chocolate Market Segmentation:
The Global Cocoa and Chocolate Market is categorized by Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate and Filled Chocolate), by Cocoa type (Cocoa Butter, Cocoa Liquor and Cocoa Powder). Based on Application, the market is further segmented into Cosmetics, Pharmaceuticals, Food and Beverage and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2016 to 2021. The cocoa liquor segment dominated the cocoa market in 2016.
Geographical Brief:
Europe is the leading consumer of cocoa, followed by North America. Also, Europe is a major processor of cocoa in the global market and is forecasted to grow at the highest rate. However, the overall cocoa and chocolate industry in the European region has become stagnant and saturated over the last few years. Consumer awareness pertaining to health benefits of cocoa has led to some of the important innovations in the North American cocoa and chocolate industry.
Some of the major companies dominating the Cocoa and Chocolate Market, by their products and services include:
• ADM
• Cargill
• Bunge
• Barry Callebaut
• Indcresa
• Blommer and JB Foods Limited
• Plot Ghana
• Dutch Cocoa
• Cocoa Processing Company Limited
Inquiry before buying @ http://marketdataforecast.com/market-reports/global-cocoa-and-chocolate-market-2577/inquire
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact:
Abhishek Shukla
International Business Development Manager
Market Data Forecast
Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results