Global Cocoa Products Market Size study & forecast, by Product Type by Application and Regional Analysis, 2022-2029

PUBLISHED: May 13, 2023

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Global Cocoa Products Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Chocolate is made from the fatty seed of the cacao tree, which is dried and partly fermented. The dry powder produced from grinding cocoa seeds and separating the cocoa butter from the dark, bitter cocoa powder is called cocoa, and it is also referred to as cocoa. Although there are many labels for bean products cocoa is thought of as the solid portion of the cacao seed (bean), cocoa butter as the fat component, and chocolate as the combination of the solid and the fat. Products made from cocoa are used in many foods in the modern world. The market for cocoa products is growing as a result of rising health awareness regarding the use of products rich in cocoa. Chocolate is produced from the cocoa plant. Roasted cocoa kernels (seeds) are compressed between heated rollers to create the bitter chocolate. The fat (cocoa butter) from bitter chocolate is drained out and the remaining substance is ground into cocoa powder. In addition, people frequently use cocoa to address high blood pressure and heart disease. Also, the rising demand for cocoa products in food and cosmetics industry is create the lucrative demand for the market.

However, the rising food and beverages industry globally is creating the lucrative demand for the coco products market. According to Statista, in 2019 the convenience food market is valued USD 8.24 billion; in 2022 the number reached USD 20.28 billion, and it is anticipated to reach USD 39.81 billion by 2025. Additionally, the advancements in commercial farming techniques are anticipated to create the lucrative opportunity for the market during forecast period. However, the limited production of cocoa stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cocoa Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players, growing food and beverages industry and rising awareness about health benefits of cocoa. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as growing cosmetics industry and rise in disposable income in the region would create lucrative growth prospects for the Cocoa Products market across Asia Pacific region.

Major market players included in this report are:

Barry Callebaut AG
Cargill Inc.
Ciranda, Inc.
FUJI OIL CO., LTD.
Guan Chong Berhad (GCB)
Puratos Group
The Hershey Company
Touton S.A.
Tradin Organic Agriculture B.V. (SunOpta Inc.)
United Cocoa Processor, Inc. (UCP)

Recent Developments in the Market:

In June 2021, Barry Callebaut AG had declared to acquire Europe Chocolate Company (ECC). It is a privately held B2B producer of chocolate decorations and specialties in Belgium. A wide variety of industrial specialty chocolate and decorations, such as batons, curls, chunks, leaves, and shavings, are produced by the ECC.

Global Cocoa Products Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product Type:

Cocoa Beans
Cocoa Butter
Cocoa Powder & Cake
Cocoa Paste & Liquor
Chocolate

By Application:

Confectionery
Food & Beverages
Cosmetics
Pharmaceutical

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cocoa Products Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cocoa Products Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Cocoa Products Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Cocoa Products Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Cocoa Products Market Dynamics

3.1. Cocoa Products Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing awareness of health benefits regarding the consumption of cocoa-rich products
  - 3.1.1.2. Rising demand for cocoa products in food and healthcare industry
- 3.1.2. Market Challenges
  - 3.1.2.1. Limited production of cocoa
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in commercial farming techniques

Chapter 4. Global Cocoa Products Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Cocoa Products Market, by Product Type

6.1. Market Snapshot
6.2. Global Cocoa Products Market by Product Type, Performance - Potential Analysis
6.3. Global Cocoa Products Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Cocoa Products Market, Sub Segment Analysis
- 6.4.1. Cocoa Beans
- 6.4.2. Cocoa Butter
- 6.4.3. Cocoa Powder & Cake
- 6.4.4. Cocoa Paste & Liquor
- 6.4.5. Chocolate

Chapter 7. Global Cocoa Products Market, by Application

7.1. Market Snapshot
7.2. Global Cocoa Products Market by Application, Performance - Potential Analysis
7.3. Global Cocoa Products Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Cocoa Products Market, Sub Segment Analysis
- 7.4.1. Confectionery
- 7.4.2. Food & Beverages
- 7.4.3. Cosmetics
- 7.4.4. Pharmaceutical

Chapter 8. Global Cocoa Products Market, Regional Analysis

8.1. Cocoa Products Market, Regional Market Snapshot
8.2. North America Cocoa Products Market
- 8.2.1. U.S. Cocoa Products Market
  - 8.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Cocoa Products Market
8.3. Europe Cocoa Products Market Snapshot
- 8.3.1. U.K. Cocoa Products Market
- 8.3.2. Germany Cocoa Products Market
- 8.3.3. France Cocoa Products Market
- 8.3.4. Spain Cocoa Products Market
- 8.3.5. Italy Cocoa Products Market
- 8.3.6. Rest of Europe Cocoa Products Market
8.4. Asia-Pacific Cocoa Products Market Snapshot
- 8.4.1. China Cocoa Products Market
- 8.4.2. India Cocoa Products Market
- 8.4.3. Japan Cocoa Products Market
- 8.4.4. Australia Cocoa Products Market
- 8.4.5. South Korea Cocoa Products Market
- 8.4.6. Rest of Asia Pacific Cocoa Products Market
8.5. Latin America Cocoa Products Market Snapshot
- 8.5.1. Brazil Cocoa Products Market
- 8.5.2. Mexico Cocoa Products Market
- 8.5.3. Rest of Latin America Cocoa Products Market
8.6. Rest of The World Cocoa Products Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Barry Callebaut AG
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Cargill Inc.
- 9.2.3. Ciranda, Inc.
- 9.2.4. FUJI OIL CO., LTD.
- 9.2.5. Guan Chong Berhad (GCB)
- 9.2.6. Puratos Group
- 9.2.7. The Hershey Company
- 9.2.8. Touton S.A.
- 9.2.9. Tradin Organic Agriculture B.V. (SunOpta Inc.)
- 9.2.10. United Cocoa Processor, Inc. (UCP)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cocoa Products Market, report scope
TABLE 2. Global Cocoa Products Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Cocoa Products Market estimates & forecasts by Product Type 2019-2029 (USD Billion)
TABLE 4. Global Cocoa Products Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 5. Global Cocoa Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Cocoa Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Cocoa Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Cocoa Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Cocoa Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Cocoa Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Cocoa Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Cocoa Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Cocoa Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Cocoa Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Cocoa Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Cocoa Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Cocoa Products Market
TABLE 70. List of primary sources, used in the study of global Cocoa Products Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered