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Global Cocoa Products Market: By Product: Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Others; By Application: Confectionery, Food and Beverages, Cosmetics, Pharmaceutical, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cocoa Products Market Outlook
The global cocoa products market stood at a value of USD 27.5 billion in 2020 and is further projected to grow at a CAGR of 6% during the forecast period of 2023-2028 to reach a value of USD 39 billion by 2026.
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The cocoa beans segment, among its other product-types, represented the largest share in the market in 2020 and is further anticipated to dominate the market between 2021 and 2026.
Market Segmentation
Cocoa can be obtained from the seed processing of cocoa tree. Many products are made from cocoa seeds like cocoa butter, liquor, or powder. The cocoa products market can be divided on the basis of segments like product and application.
The market, based on its product-type, can be divided into cocoa beans, cocoa powder and cake, cocoa butter, cocoa paste and liquor, and chocolate. While cocoa powder is mainly used in the production of chocolate and baked goods, cocoa paste is used in the production of desserts. Cocoa butter is widely used to produce skincare products in the pharmaceutical and cosmetic sectors. The liquor form of cocoa can be used as a separate product or it can be blended to create confectioneries with other products.
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The industry can be broadly categorised on the basis of its application into:
- Confectionery
- Food and Beverages
- Cosmetics
- Pharmaceutical
- Others
The EMR report looks into the regional cocoa products markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The increasing awareness regarding the various health advantages of cocoa-based products is driving the growth of the global cocoa products industry. The health advantages include reduced hypertension, reduced syndrome of chronic fatigue, and sunburn protection. Cocoa is rich in polyphenols that help in the protection of the tissues of the body from oxidative stress and related pathologies like cancers and inflammation. These factors are driving the development of the market for cocoa products. The rising demand for chocolate and chocolate-based items such as dairy chocolate, sweet chocolate, and dark chocolate, along with aggressive brand-recognition campaigns by the producers, are driving the cocoa products market further. High prices and limited cocoa manufacturing plants, however, may hinder the cocoa products market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global cocoa products market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- The Barry Callebaut Group
- The Hershey Company (NYSE: HSY)
- Cargill Incorporated
- Fuji Oil Co., Ltd.
- United Cocoa Processor
- Jindal Cocoa
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| 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- Product, Application, Region |
| Breakup by Product | Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Cocoa Paste and Liquor, Chocolate |
| Breakup by Application | Confectionery, Food and Beverages, Cosmetics, Pharmaceutical, 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 |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Barry Callebaut Group, The Hershey Company, HSY (NYSE), Cargill Incorporated, Fuji Oil Co., Ltd., United Cocoa Processor, Jindal Cocoa |
| 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 Cocoa Beans Analysis
8.1 Key Industry Highlights
8.2 Global Cocoa Products Historical Market (2018-2022)
8.3 Global Cocoa Products Market Forecast (2023-2028)
8.4 Global Cocoa Products Market by Product
8.4.1 Cocoa Beans
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cocoa Butter
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cocoa Powder and Cake
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Cocoa Paste and Liquor
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Chocolate
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Cocoa Products Market by Application
8.5.1 Confectionery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food and Beverages
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Cosmetics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Pharmaceutical
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Cocoa Products Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Spain
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Barry Callebaut
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Cargill, Incorporated
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Fuji Oil Co., Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 United Cocoa Processor, Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Jindal Cocoa
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Cocoa Products Market: Key Industry Highlights, 2018 and 2028
2. Global Cocoa Products Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Cocoa Products Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Cocoa Products Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Cocoa Products Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Cocoa Products Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Cocoa Products Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Cocoa Products Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Cocoa Products Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Cocoa Products Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Cocoa Products Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Cocoa Products Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Cocoa Products Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Cocoa Products Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Cocoa Products Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Cocoa Products Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Cocoa Products Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Cocoa Products Market Structure
Key Questions Answered in the Report
In 2020, the global cocoa products market attained a value of nearly USD 27.5 billion.
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 39 billion by 2026.
The major industry drivers are rising food and beverage industry, growing demand from the bakery industry, and the increasing awareness regarding the various health advantages of cocoa-based products.
The key trends in the market include the aggressive brand-recognition campaigns by the producers.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Cocoa beans are the dominant type in the industry.
The application sectors can be divided into confectionery, food and beverages, cosmetics, and pharmaceutical, among others, where the confectionary sector is leading the market.
The major players in the industry are The Barry Callebaut Group, The Hershey Company (NYSE: HSY), Cargill Incorporated, Fuji Oil Co., Ltd., United Cocoa Processor, and Jindal Cocoa.
Analyst Review
The global cocoa products market attained a value of USD 27.5 billion in 2020, driven by the increasing awareness regarding the various health advantages of cocoa-based products. Aided by the aggressive brand-recognition campaigns by the producers, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6%. The market is projected to reach USD 39 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the cocoa products industry can be segmented cocoa beans, cocoa powder and cake, cocoa butter, cocoa paste and liquor, and chocolate, among others, with cocoa beans accounting for the largest market share. On the basis of applications, the confectionary sector accounts for the leading share in the industry. The major regional markets for cocoa products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Barry Callebaut Group, The Hershey Company (NYSE: HSY), Cargill Incorporated, Fuji Oil Co., Ltd., United Cocoa Processor, and Jindal Cocoa.
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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