Global Cocoa Market: Leading Demand for Cocoa to Come From Chocolate Industry, finds TMR

The growth of the cocoa market is likely to be supported by the growing demand for chocolates, states Transparency Market Research (TMR) in a research report. The report is titled, “Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Cocoa is a type of fatty bean that is attained from Theobroma cocoa. It is at first dried and then fermented and is further processes for cocoa powder, cocoa liqueur and liquor, cocoa butter, and cocoa oil extraction. The sales of cocoa is rising primarily due to the growing demand for chocolate. The plants which are known commonly as the cocoa extracting plants are forastero, trinitario, and criollo. Amongst these three, forastero is the most preferred plant for cocoa extraction as it known for producing cocoa of the best quality. Moreover, cocoa products have comparatively high flavonoid concentration owing to which they are considered beneficial for people who have cardiovascular problems.

The global market for cocoa is likely to witness strong growth during the forecast period mainly due to the rising demand for chocolate coatings and chocolate worldwide. Some of the most demanded cocoa products are baking chocolate, milk chocolate, drinking chocolate, dark chocolate, and sweet chocolate. The broad usage of cocoa is anticipated to the primary driver for the global cocoa market. However, concerns related to high sugar content in maximum cocoa products is expected to inhibit the growth of the global cocoa market to some extent.

Growing consumer affordability is the main reason behind the rising consumption of chocolate based confectionary. Thus, the cocoa market is expected to witness a high elastic response in the lower income countries. The future for the cocoa market is expected to be fruitful with the disposable income of people rising in the advanced economies and the per capita income of consumers increasing in the emerging nations in Asia Pacific, Africa, and Eastern Europe.

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In spite of the negative impact of the economic meltdown in developed markets, the consumption of cocoa in the chocolate confectionaries and food confectionaries market is expected to hustle through the respective forecast period. Moreover, the emerging application of cocoa in the pharmaceutical and cosmetic industry is expected to benefit the global cocoa market in the long run.

Region-wise, the global leaders in the market for cocoa are the U.K., Switzerland, Ghana, and Belgium. Regions such as the Middle East, Asia Pacific, and North America are also witnessing high consumption as well as production of cocoa based products. The crème companies operating in the market are Ferrero S.P.A., Blommer Chocolate Company, Cargill Cocoa & Chocolate, Dutch Cocoa B.V, Belcolade NV, Petra Foods Limited, Kraft Foods Inc., and Wilbur Chocolate Company Inc., among others.

Cocoa Market: Demand for Premium and Innovative Products on the Rise

The trend of premium and indulgent desserts is creating new avenues for players in the global market for cocoa, finds a study by Transparency Market Research (TMR). The report, titled “Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013–2019,” observes that consumers of cocoa are choosing healthier snacks over confectionaries, which in turn is prompting market players to come up with innovative products and gain a stronger position in the market.

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This TMR report is aimed at providing a cutting edge to existing and new players in the global cocoa market by offering an in-depth analysis of all the factors that are expected to influence the market in the near future. The report projects a healthy CAGR for the global cocoa market during the forecast period of 2013 to 2019.

Cocoa is a fatty bean of theobroma cacao, which is dried and processed to extract the powder, cocoa butter, cocoa liqueur, cocoa oil, and other solids. The high flavonoid concentration in cocoa makes it highly usable for various purposes. The report observes that although cocoa has been used since centuries, innovative products have resulted in the expansion of the market in recent times.

The global market for cocoa is traditionally driven by the expanding demand for chocolate and chocolate coatings across diverse populations. However, the report finds that products such as milk chocolate, drinking chocolate, and dark chocolate are gaining popularity among consumers. The widespread use of cocoa is expected to function as a growth inducer in the market. Conversely, escalating health concerns regarding the high sugar-content in cocoa products is expected to negatively impact the global market during the forecast period.

The report finds that the use of certification schemes for sustainability in the cocoa industry is inspiring confidence among the consumers. As a result, several manufacturers are investing in sustainable production methods.

The report observes that Asia Pacific is emerging as the most prominent market for cocoa due to the increasing popularity of chocolate products and a vast population. North America forms the second most significant market for cocoa. Although Western Europe is expected to showcase weak progress in the coming years, it is likely to sustain the demand. Dominican Republic, Peru, Mexico, Ecuador, Brazil, and Cameroon are some of the prominent cocoa producing countries.

Latest business plans adopted by key players, their product offerings, and market positioning have been identified in this TMR research report. Some of the leading names highlighted in the global cocoa market report are Cargill Cocoa & Chocolate, Kraft Foods Inc., Wilbur Chocolate Company Inc., Belcolade NV, Guan Chong Cocoa Manufacturer Sdn. Bhd., Ferrero S.P.A., Organic Commodity Products Inc., Petra Foods Limited, Dutch Cocoa B.V., Blommer Chocolate Company, Archer Daniels Midland Company, and Delfi Cocoa. 

Global Cocoa Market: High Demand for Chocolate to Drive Market, says TMR

The global cocoa market is studied in a new report by Transparency Market Research (TMR). The report is titled, ‘Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.’ The study presents a detailed overview of the market’s historical development trajectory and its current and projected size. An in-depth analysis of these statistics is used to derive insightful information about the cocoa market’s future growth. The report also covers various other important aspects of the market, including an analysis of the competitive landscape.

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New entrants in the global cocoa market face entry barriers owing to the fundamental constraint on supply. Cocoa is exclusively grown in the geographic band near the equator owing to the climatic and rainfall requisites of this crop. Thus, Southeast Asia, West Africa, and parts of Central and South America are key producers of cocoa. The threat of substitutes is likely to remain low as there is no popular substitute for cocoa. Players in the market are focusing on product innovation.

Cocoa is used for making cocoa powder, butter, oil, liqueur, liquor, and chocolates such as sweet, dark, and milk chocolate. Cocoa products are in demand because they contain a high concentration of flavonoids, which makes them beneficial for consumers with cardiovascular issues. The global cocoa market is anticipated to be driven by a high demand for chocolate and chocolate coatings across the globe. The consumption of chocolate confectionary is directly linked with the per capita incomes. Countries with lower incomes tend to display a variable response towards the consumption of chocolate, and subsequently the demand for cocoa is also variable. However, the growing per capita income of consumers not only in developed nations, but also in emerging markets is expected to boost the global cocoa market.

While the widespread uses of cocoa will drive the market, factors such as high sugar content in cocoa-based products may impede the growth of the global cocoa industry. The huge gap between the demand and supply of cocoa is also restraining the growth of the cocoa market. In addition to this, the volatility in cocoa prices will also hamper the demand. Extreme weather, pests, and political instability in cocoa producing countries are responsible for the fluctuating cocoa prices.

The report profiles key players in the cocoa manufacturing industry such as Archer Daniels Midland Company, Wilbur Chocolate Company Inc., Petra Foods Limited, Organic Commodity Products Inc., Blommer Chocolate Company, Delfi Cocoa, Barry Callebaut AG, Dagoba Organic Chocolate, Transmar Commodity Group Ltd, and Ghirardelli Chocolate Company.  

Global Cocoa Market to be Driven by Rising Set of Novel Applications

The global market for cocoa has been studied in a detailed market research report by Transparency Market Research. The report, titled “Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019,” presents an expansive analysis of the key macro and micro factors that are essential for the growth and profitability of companies operating in the global cocoa market.

Cocoa, being a key ingredient in chocolates, cosmetic products, liqueurs, and several other products in the food and beverages industry, enjoys steady demand from across the globe. Although the ingredient has been in use for several centuries, its use in new and innovative applications has led to significant expansion of the global cocoa market in the recent past. The report presents a complete overview of the major trends in the market and key factors that will drive or restrain the market’s growth and have an impact on the overall development of the market over the report’s forecast period.

The report states that the global cocoa market will be driven by the rising global demand for chocolate and chocolate coatings. Cocoa finds major application in dark chocolate, milk chocolate, drinking chocolate, sweet chocolate, baking chocolate, and several cosmetic products. These traditional uses of cocoa are expected to be the major growth inducers for the global cocoa market in the coming years.

However, factors such as the rising health concerns regarding the high sugar content in most cocoa-based products are projected to restrain the overall growth of the global cocoa market to a certain extent over the report’s forecast period. The rising population of diabetics across the globe and the resultant rise in the demand for sugar-free products is a major opportunity that cocoa-based product manufacturers should go for.

On a geographical front, the cocoa market is dominated by the leading producers of cocoa and cocoa products, which include countries such as Belgium, Ghana, Switzerland, and the United Kingdom.

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The report also presents a detailed overview of the competitive scenario of the global cocoa market with the help of comprehensive data about the business strategies, finances, recent developments, and other details pertaining to some of the major vendors operating in the market. The report includes profiles of companies such as Belcolade NV, Wilbur Chocolate Company Inc., Ferrero S.P.A., Cargill Cocoa & Chocolate, Kraft Foods Inc., Blommer Chocolate Company, Guan Chong Cocoa Manufacturer Sdn. Bhd., Petra Foods Limited, Archer Daniels Midland Company, Delfi Cocoa, Barry Callebaut AG, Majulah Koko Tawau Sdn Bhd, World's Finest Chocolate Inc., Dagoba Organic Chocolate, ADM Schokinag GmbH & Co. KG, Transmar Commodity Group Ltd, and AH Cacao Real Chocolate.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Sudip S

90 State Street, Suite 700

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Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

The report titled ‘Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019’ is a complete study of the global market for cocoa - a key ingredient in chocolates, cosmetics, and even liqueurs. While this ingredient has been used for several centuries now, new and innovative uses of cocoa have led an expansion of this market in the recent past. This report thus endeavors to offer a complete and accurate study of the current trends that prevail in this market. The report also offers an overview of the key factors that will propel growth over the forecast period, as well as those that will inhibit growth.

Our team of seasoned analysts offers you a review of the macro and micro factors that are essential to the growth and profitability of players in this market. The report features an analysis of major recent developments in both the product and technology spheres within the cocoa market. We make effective use of Porter’s five force model analysis and offer our customers a detailed profile of leading industry players. By carrying out a meticulous, step-by-step analysis of the value chain, we help our clients identify potential opportunities that are yet to be fully tapped within the worldwide cocoa market.

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Market overview

Cocoa is a fatty bean of Theobroma cocoa that is dried and fermented before being further processed to extract cocoa powder, cocoa butter, cocoa oil, cocoa liqueur and liquor, as well as other solids. Cocoa is best known for its use in chocolates. The three widely common cocoa plants are: forastero, trinitario, and criollo. The most sought-after cocoa plant type is the forastero variety as it produces the best cocoa quality. Cocoa products have been proven to contain a high flavonoids concentration that makes them beneficial to those with cardiovascular problems.

This market is expected to be largely driven by a growing demand for chocolate and chocolate coatings worldwide. It is found in milk chocolate, dark chocolate, sweet chocolate, drinking chocolate, as well as baking chocolate. These widespread uses of cocoa are expected to function as growth inducers in the market, whereas factors such as growing health concerns about the high sugar-content in cocoa-based products are expected to prove unfavorable to the growth of the cocoa market. Countries that are global leaders in cocoa products include: Ghana, Belgium, the United Kingdom, and Switzerland. From the global standpoint, the markets of the Middle East, North America, as well as Asia-Pacific are superior in both consumption as well as production of cocoa products.

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This market research report features leading names from the cocoa manufacturing industry such as: Kraft Foods Inc., Wilbur Chocolate Company Inc., Belcolade NV, Cargill Cocoa & Chocolate, Petra Foods Limited, Guan Chong Cocoa Manufacturer Sdn. Bhd., Ferrero S.P.A., Organic Commodity Products Inc., Dutch Cocoa B.V, MAJULAH Koko Tawau Sdn Bhd, Blommer Chocolate Company, Archer Daniels Midland Company, Delfi Cocoa, ADM Schokinag GmbH & Co. KG, Barry Callebaut AG, Dagoba Organic Chocolate, AH Cacao Real Chocolate, Transmar Commodity Group Ltd, Ghirardelli Chocolate Company, World\'s Finest Chocolate Inc., and PT. Cacao Wangi Murni, among others.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com