Cocoa & Chocolate Market - Forecast(2023 - 2028)

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Cocoa 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. Moreover, cocoa has several
  remedial benefits, such as preventing infectious
  intestinal disease and lowering the risk of
  bronchitis, asthma, and lung congestion.

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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, and quick
  urbanization are the factors said to be
  preeminent driver driving the growth of Cocoa
  Chocolate Market. Augmenting unemployment,
  soaring inflation, and environmental catastrophes
  are said to reduce market growth

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By Distribution Channel- Segment
Analysis 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. These figures are enough to represent
the quality of lifestyles on the European
continent. Nevertheless, with the rising economic
affluence of major developing countries like
India, China, and Indonesia, the overall living
standards of people are improving and they are
making more demand for premium products like milk
chocolates. For instance, from 10,511 in 2020,
Chinas GDP per capita income soared and reached
12,551 in 2021. Also, last year by uplifting
nearly 100 million people from poverty, the
country declared itself free from extreme poverty.
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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_ https//www.industryarc.com/Report/1870
7/cocoa-and-chocolate-market
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• Analyst Briefing
• Data Tables
• Key Contacts
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