Cocoa Market Report- Trends and Forecast to 2025

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Cocoa Market- Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Cocoa Market Overview
Cocoa bean, also called as cacao bean are dried,
fully fermented, and processed to extract cocoa
butter, cocoa liquor, and cocoa powder.
Forastero, trinitario, and criollo are the three
main varieties of cocoa plant. Forastero beans
are most widely consumed and comprises around 85
of the world production of cocoa. Major factors
propelling growth of the market include growing
demand for chocolate and chocolate coatings
worldwide. Moreover, wide applicability of cocoa
products such as cocoa butter, liquor, and
powder, is considered as another factor
supporting the overall growth of the market.
Cocoa is extensively used in various products,
including drinking chocolate, dark chocolate,
sweet chocolate, baking chocolate, and milk
chocolate. Cocoa products contains high
flavonoids concentration, which helps in reducing
cardiovascular problems. However, declining soil
fertility, changing climate and weather
conditions is adversely affecting the
productivity of cocoa beans. According to the
World Cocoa Foundation, variation in climate
conditions significantly impacts the cultivation
of cocoa in a number of ways including pest
infestation and reduction in pod weight.
Furthermore, the changing climatic conditions
will lead to shrinkage of cocoa growing areas in
leading cocoa producing countries such as Côte
dIvoire and Ghana. This stands as one of the
major factor restraining growth of the global
cocoa market.
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REPORT DESCRIPTION
Europe held a dominant position, in terms of
revenue, in the global cocoa market and is
expected to maintain its dominance over the
forecast period, witnessing highest CAGR among
all. According to the Center for the Promotion of
Imports (CBI), Ministry of Foreign Affairs, in
2016, Europe accounted for more than half of
global cocoa bean imports, with Germany, the
Netherlands and Belgium being the largest
importers in the region. Furthermore, the
Netherlands is the major direct importer of cocoa
beans from emerging economies such as Ivory
Coast, Ghana, Cameroon, Nigeria, and Peru.
According to CBI, European countries such as
Czech Republic, Denmark, Finland, and Slovakia
recorded highest annual growth rate in cocoa bean
importing from emerging economies between 2010
and 2014. Moreover, the rising demand for
specialty chocolate is fuelling demand for fine
flavor cocoa in Europe. This in turn, supporting
the overall growth of cocoa market in the region.
Among source types, organic cocoa is expected
to record the fastest growth, witnessing highest
CAGR during the forecast period. Organic cocoa
accounted for a small share in the cocoa market
in 2016. Increasing demand for organic cocoa due
to the increasing concern regarding the food
safety coupled with environmental concerns among
consumers. Request sample Copy of this
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REPORT DESCRIPTION
Based on product types, the cocoa market is
segmented into cocoa butter, cocoa liquor, and
cocoa powder, with cocoa liquor being the major
contributor in the growth of global cocoa market
in 2016. Cocoa liquor is a pure chocolate and is
a mixture of cocoa butter and cocoa powder. It is
the key raw material for dark chocolate and milk
chocolate. Moreover, it is also used in desserts,
drinks, bakery products, ice cream, and ice cream
coatings. Based on process, the market is
segmented into dutch and natural process. Dutch
process segment held a dominant position in the
cocoa market in 2016. It is a type of cocoa that
have been washed in the alkaline solution of
potassium carbonate, in order to neutralize its
acidity. The process also confer a darker color
to cocoa powder. Major players operating in the
global cocoa market include Archer Daniels
Midland, Blommer Chocolate Company, Barry
Callebaut, Cargill Inc., Cocoa Processing
Company, Mars Incorporated, Carlyle Cocoa, The
Hershey Company, Puratos Group, Lindt
Sprungli, and United Cocoa Processor Inc. To Get
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