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.

Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1390

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.

View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1390

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.

View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1390

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.