Global Cocoa Market Size, Share, Growth Analysis, By Type(Fine Flavor Cocoa, Bulk/Ordinary Cocoa), By Processing Methods(Natural/Unfermented Cocoa, Fermented Cocoa), By Product Forms(Cocoa Beans, Cocoa Powder)

Description

Global Cocoa Market size was valued at USD 15.05 billion in 2022 and is poised to grow from USD 15.70 billion in 2023 to USD 21.98 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024- 2031).

The global cocoa market is constantly changing, with some important trends and challenges. People really love chocolate, especially in developing countries. But there are problems like making sure cocoa is sourced in a fair and sustainable way, and more people wanting healthier chocolate. Fancy, high-quality chocolates are becoming more popular too. Most of the cocoa sold is in powder form, and West Africa is a big producer. Some big changes include fancier chocolates becoming more popular, efforts to make cocoa production more sustainable, and cocoa being used in more than just candy. Coming up with new ideas and making sure cocoa is produced ethically are really important for the cocoa market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cocoa Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Cocoa Market Segmental Analysis

The global cocoa market is segmented on the basis of cocoa types, processing methods, product forms, and region. By cocoa type, the market is segmented into fine flavor cocoa, bulk/ordinary cocoa, and others. By processing method, the market is segmented into natural/unfermented cocoa, fermented cocoa, and others. By product form, the market is segmented into cocoa beans, cocoa powder, cocoa butter, cocoa liquor, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, Latin America.

Drivers of the Global Cocoa Market

The chocolate industry really loves cocoa, and they use the most cocoa beans out of anyone. As more people in places like Asia start eating more chocolate, it keeps the cocoa market busy. People are also paying more attention to where their cocoa comes from and making sure it's produced in a fair and sustainable way, which is why certifications like Fair Trade and Rainforest Alliance are becoming more important.

Restraints in the Global Cocoa Market

A big restraint in the cocoa market is that some cocoa farms use child labor, which is not okay. Fixing this problem means everyone involved in making chocolate needs to work together. Also, climate change is making the weather harder to predict, which can affect how much cocoa is grown and how good it is.

Market Trends of the Global Cocoa Market

More and more people like fancier chocolates because they care about where the cocoa comes from and how good it tastes. People also want cocoa that's produced in a fair and sustainable way, so certification programs like Fair Trade and Rainforest Alliance are becoming popular. Plus, dark chocolate is getting attention because it's seen as healthier due to its antioxidants.

Product Code: SQMIG30H2140

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Cocoa Market by Type

Market Overview
Fine Flavor Cocoa
Bulk/Ordinary Cocoa
and others

Global Cocoa Market by Processing Methods

Market Overview
Natural/Unfermented Cocoa
Fermented Cocoa
and others

Global Cocoa Market by Product Forms

Market Overview
Cocoa Beans
Cocoa Powder
Cocoa Butter
Cocoa Liquor
and Others

Global Cocoa Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Barry Callebaut Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cargill Incorporated
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Olam International Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hershey Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mondelez International
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nestle
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Meiji Holdings Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fuji Oil Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
United Cocoa Holdings
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ecom Cocoa
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Touton S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Guan Chong Cocoa Products Manufacturing Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Golden Agri-Resources Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Felcourt
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Agrisud
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SOCAPALM
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siat
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sucaf Cocoa
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cacao Barry
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Blommer Chocolate Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Cocoa Market Size, Share, Growth Analysis, By Type(Fine Flavor Cocoa, Bulk/Ordinary Cocoa), By Processing Methods(Natural/Unfermented Cocoa, Fermented Cocoa), By Product Forms(Cocoa Beans, Cocoa Powder) - Industry Forecast 2024-2031