Title: Cocoa & Chocolate Market - Forecast (2022 - 2027)
1Cocoa Chocolate MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022 - 2027
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- Cocoa Chocolate Market size is estimated to
reach 62.4 billion by 2027, growing at a CAGR of
4.4 during the forecast period 2022-2027. - Cocoa seeds can be described as fermented
Theobroma cacao seeds commonly used around the
world for their extracts. Unlike other crops, the
cocoa crop is not period or time-bound and can be
grown throughout the year. Hot and humid weather
is the most suited for the cocoa crop therefore,
several African countries such as Ivory Coast,
Ghana, Cameron, and Nigeria are the biggest
producers of Cocoa beans worldwide. Cocoa is
generally sold in liquid, paste, and cocoa powder
forms in the market.
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- Key Takeaways
- Geographically, the North America Cocoa
Chocolate Market accounted for the highest
revenue share in 2021. The growth is owing to.
Furthermore, Asia-Pacific is poised to dominate
the market over the period 2022-2027. - Changing tastes preferences of people,
expanding cuisine culture, ameliorating retail
infrastructure in developing nations, health
benefits associated with moderate consumption of
chocolate, soaring disposable income levels,
proliferating population, the rising popularity
of confectioneries among millennials
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Cocoa Chocolate Market Drivers The spiraling
disposable incomes and improving lifestyles of
people in developing countries are anticipated to
boost market demand. Spiraling disposable
incomes and improving lifestyles are one of the
key factors driving the market growth. The
majority of countries in Europe such as Norway,
San Marino, Netherlands, Denmark, Austria,
Iceland, Germany, and Others had GDP over capita
income above 55,000.
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- Cocoa Chocolate Market Industry Outlook
- Cargill Inc.
- Touton S.A.
- Cocoa Processing co Ltd.
- Olam International
- Barry Callebaut AG
- Fuji Oil Company
- Nestle S.A.
- ECOM Agroindustrial Co.
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Cocoa Chocolate Market Forecast (2022 -
2027) Learn More About the Report _at_
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- Analyst Briefing
- Data Tables
- Key Contacts
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