The global Cocoa market is anticipated to grow significantly at a CAGR of 3.0% over the forecast period. The key aspect that drives the growth of the global Cocoa market is the enormous growth in the food & beverages industries across the globe. Attributing to several benefits associated with cocoa consumption, such as body tissue-protective properties against oxidative stress and associated pathologies including cancer, inflammation and cardiovascular diseases is aiding the market growth. Cocoa is also beneficial in decreasing hypertension, reducing chronic fatigue syndrome, protecting against sunburn among many others; due to which the market is likely to witness substantial growth during the forecast period.
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.
Furthermore, consuming dark chocolates also reduces the risk of cardiovascular diseases owing to the presence of good fats and flavonoids that lowers blood pressure and bad cholesterol level. Thus, this further acts as another major factor driving the market growth during the forecast period. Moreover, the extensive buying of chocolates and confectionery products by the millennials and children is another major factor that drives the growth of the cocoa market during the forecast period.
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Market Coverage
- Market number available for – 2022-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Product Type and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Dutch Cocoa BV, Mars Inc., Meiji Holdings Co. Ltd., Natra SA, Puratos Group, and Toutan SA among others
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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
Cocoa Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Archer Daniels Midland Co.
- Barry Callebuat AG
- Blommer Chocolate Co.
- BTCOCOA
- Cargill Inc.
- Cemoi Chocolatier SA
- Cocoa Processing Co. Ltd.
- Dutch Cocoa BV
- Guan Chong Cocoa Manufacturers Sdn
- JB Foods
- Mars Inc.
- Meiji Holdings Co. Ltd.
- Natra SA
- Olam International Ltd.
- Puratos Group
- Toutan SA
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