Cocoa Market Will Generate Record Revenue by 2028
The global cocoa market is projected to grow at a CAGR of 3.0% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the steady growth in the chocolate market across the globe. There has been a growing awareness regarding dark chocolate as a healthier confectionery product. Dark chocolate comprises antioxidants that aids in protecting skin from harmful UV rays and provides other benefits to the body. Besides, a growing number of researches have also depicted that moderate consumption of chocolates also calms the mind as it releases serotonin and acts as anti-depressants for the body.
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Consumption of cocoa or chocolate also suppresses the release of stress hormones, cortisol and aids in relaxing the mind and induce happiness. Thus, attributing to such a wide range of benefits associated with the consumption of chocolate; there is likely to be an increased demand for cocoa. Thus, this contributes to the growth of the market.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Cocoa Market – Segmentation
By Product Type
- Cocoa Beans
- Cocoa Butter
- Cocoa Powder & Cake
- Cocoa Paste & Liquor
By Application
- Food & Beverage
- Confectionery
- Personal Care & Cosmetics
- Pharmaceuticals
Global Cocoa Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cocoa market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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