Reports
Global Cocoa Processing Market: By Bean Type: Forastero, Criollo, Trinitario: By Product Type: Cocoa Butter, Cocoa Liquor, Cocoa Powder; By Application: Confectionery, Bakery, Beverages; Regional Analysis; Historical Market and Forecast (2018-2022); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cocoa Processing Market Outlook
The global cocoa processing market size reached 4.58 million tons in 2022. As cocoa butter and powder are used in the manufacturing of chocolate and various other chocolate products, the rising demand for these products is currently driving the growth of the market. The global cocoa processing market is further expected to grow at a CAGR of about 1.3% between 2023 and 2028 to reach a volume of about 4.95 million tons by 2028.
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This report by Expert Market Research entitled “Global Cocoa Processing Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the global cocoa processing market.
Historical market trends for the cocoa processing industry have been provided from 2018-2022 and forecasts have been presented till 2028. The value chain analysis of cocoa has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the cocoa processing industry has also been provided.
This report provides an exhaustive insight for setting-up and running a cocoa processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Properties and Applications
Cocoa bean or cacao bean is the dried and fully fermented fatty seed which comes from the fruit of the cocoa tree or Theobroma cacao. It is primarily used to manufacture cocoa solids or powder, and cocoa butter which are further processed to manufacture various products like chocolate, bakery goods, ice cream, milk drinks, etc.
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The bean types in the market can be segmented into the following:
- Forastero
- Criollo
- Trinitario
- Others
The product types in the market can be categorised as follows:
- Cocoa Butter
- Cocoa Liquor
- Cocoa Powder
It finds wide applications in the following sectors:
- Confectionery
- Bakery
- Beverages
- Pharmaceuticals
- Others
The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Cocoa beans are known for their antioxidants, anti-inflammatory and anti-aging properties, and have high levels of flavonoids, proanthocyanidins and theobromines. The risk of cardiovascular diseases, including arrythmia, cardiomyopathy, and heart insufficiency, is further associated with flavonosides. This has contributed to a rise in the health-conscious market demand for cocoa-based products. In addition, cocoa continues to be an essential raw material for the international chocolate industry that contributes significantly to global cocoa processing market. In several different applications from bakery, milk and beverage products and cosmetics to pharmaceutical products, cocoa applications expand apart from the chocolate industry. Cocoa products, like cocoa butter, are used in over-the-counter items in the field of personal care, including lotions, lip balls, creams, and soap bars, made to humidify the skin and to treat chapped lips. In various supplements and drugs, they are also used as coating and flavouring agents.
Competitive Landscape
The report analyses the following key players in the global cocoa processing market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
- Barry Callebaut
- Cargill Inc.
- Nestlé S.A
- Mondel?z International
- Others
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Bean Type, Product Type, Application, Region |
| Breakup by Bean Type | Forastero, Criollo, Trinitario, Others |
| Breakup by Product Type | Cocoa Butter, Cocoa Liquor, Cocoa Powder |
| Breakup by Application | Confectionery, Bakery, Beverages, Pharmaceuticals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Barry Callebaut, Cargill Inc., Nestlé S.A, Mondel?z International, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cocoa Market Overview
8.1 Key Industry Highlights
8.2 Global Cocoa Historical Market (2018-2022)
8.3 Global Cocoa Market Forecast (2023-2028)
8.4 Global Cocoa Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Global Cocoa Processing Market Analysis
9.1 Key Industry Highlights
9.2 Global Cocoa Processing Historical Market (2018-2022)
9.3 Global Cocoa Processing Market Forecast (2023-2028)
9.4 Global Cocoa Processing Market by Bean Type
9.4.1 Forastero
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Criollo
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Trinitario
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 Global Cocoa Processing Market by Product Type
9.5.1 Cocoa Butter
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Cocoa Liquor
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Cocoa Powder
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.6 Global Cocoa Processing Market by Application
9.6.1 Confectionery
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Bakery
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Beverages
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Pharmaceuticals
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Others
9.7 Global Cocoa Processing Market by Region
9.7.1 Market Share
9.7.1.1 North America
9.7.1.2 Europe
9.7.1.3 Asia Pacific
9.7.1.4 Latin America
9.7.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Project Requirement and Cost Analysis
14.1 Land, Location, and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Cost of Raw Material
14.5 Packaging
14.6 Transportation
14.7 Utilities
14.8 Manpower
14.9 Other Capital Investment
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Company Profiles
16.3.1 Barry Callebaut
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 Cargill Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 Nestlé S.A
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Mondel?z International
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Cocoa Market: Key Industry Highlights, 2018 and 2028
2. Global Cocoa Historical Market: Breakup by Region (Million Tons), 2018-2022
3. Global Cocoa Market Forecast: Breakup by Region (Million Tons), 2023-2028
4. Global Cocoa Processing Market: Key Industry Highlights, 2018 and 2028
5. Global Cocoa Processing Historical Market: Breakup by Bean Type (Million Tons), 2018-2022
6. Global Cocoa Processing Market Forecast: Breakup by Bean Type (Million Tons), 2023-2028
7. Global Cocoa Processing Historical Market: Breakup by Product Type (Million Tons), 2018-2022
8. Global Cocoa Processing Market Forecast: Breakup by Product Type (Million Tons), 2023-2028
9. Global Cocoa Processing Historical Market: Breakup by Application (Million Tons), 2018-2022
10. Global Cocoa Processing Market Forecast: Breakup by Application (Million Tons), 2023-2028
11. Global Cocoa Processing Historical Market: Breakup by Region (Million Tons), 2018-2022
12. Global Cocoa Processing Market Forecast: Breakup by Region (Million Tons), 2023-2028
13. North America Cocoa Processing Historical Market: Breakup by Country (Million Tons), 2018-2022
14. North America Cocoa Processing Market Forecast: Breakup by Country (Million Tons), 2023-2028
15. Europe Cocoa Processing Historical Market: Breakup by Country (Million Tons), 2018-2022
16. Europe Cocoa Processing Market Forecast: Breakup by Country (Million Tons), 2023-2028
17. Asia Pacific Cocoa Processing Historical Market: Breakup by Country (Million Tons), 2018-2022
18. Asia Pacific Cocoa Processing Market Forecast: Breakup by Country (Million Tons), 2023-2028
19. Latin America Cocoa Processing Historical Market: Breakup by Country (Million Tons), 2018-2022
20. Latin America Cocoa Processing Market Forecast: Breakup by Country (Million Tons), 2023-2028
21. Middle East and Africa Cocoa Processing Historical Market: Breakup by Country (Million Tons), 2018-2022
22. Middle East and Africa Cocoa Processing Market Forecast: Breakup by Country (Million Tons), 2023-2028
23. Global Cocoa Processing Market Structure
Key Questions Answered in the Report
The global cocoa processing market attained a volume of 4.58 million tons in 2022.
The global cocoa processing market is expected to grow at a CAGR of about 1.3% in the forecast period of 2023-2028.
The industry is expected to expand in the forecast period to reach volume of about 4.95 million tons by 2026.
The major drivers of the market include the rising disposable incomes, increasing population, rising health consciousness among consumers, and the rising demand from the chocolate, bakery, and personal care industries.
The rising use of the product in pharmaceutical sector for various drugs and supplements as a coating and flavouring agent is a key trend for the market.
North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa are the other major regions in the market.
The major bean types in the market are forastero, criollo, and trinitario, among others.
The leading product types in the market include cocoa butter, cocoa liquor, and cocoa powder.
The product finds wide applications in confectionery, bakery, beverages, and pharmaceuticals, among others.
The major players in the global cocoa processing market are Barry Callebaut, Cargill Inc., Nestlé S.A, and Mondel?z International, among others.
Analyst Review
The global cocoa processing market attained a volume of 4.58 million tons in 2022, driven by the growing demand from the application sectors. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 1.3%. Aided by the rising application in the chocolate industry, the market is likely to reach a volume of about 4.95 million tons by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of bean types, the global cocoa processing market is divided into forastero, criollo, and trinitario, among others. Based on the product types, the industry is divided into cocoa butter, cocoa liquor, and cocoa powder. By applications, the market is segmented into confectionery, bakery, beverages, and pharmaceuticals, among others. The major regional markets for the product are North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa. The key players in the above industry include Barry Callebaut, Cargill Inc., Nestlé S.A, and Mondel?z International, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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