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The global cocoa solids market size is expected to grow at a CAGR of 4.7% in the forecast period of 2024-2032, reaching a value of around USD 6.38 billion by 2032. The market is being driven by the increasing demand for cocoa solids in the food and beverage sector.
Cocoa solids refer to the edible parts of the cocoa bean plant that provide the characteristic flavour and colour to chocolate. To obtain cocoa solids, cocoa beans are roasted, cracked, and grinded into a paste known as chocolate liquor from which the fatty component, cocoa butter, is extracted, leaving behind cocoa solids. Based on desired application, varying percentages of cocoa solids can be used.
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Based on nature, the market is bifurcated into organic and conventional. On the basis of end-use industry, the market is classified into food and beverages, cosmetics and personal care, and pharmaceutical. The regional markets for cocoa solids are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global cocoa solids market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The food and beverages segment, based on end-use industry, accounts for a sizable share of the cocoa solids market. This can be attributed to the heightened usage of cocoa solids in desserts, beverages, and various confectionery products to improve texture, enhance mouthfeel, and increase the richness and aesthetic appeal of the food and beverage products. The widespread popularity of the typical chocolate flavour is also augmenting the demand for cocoa solids in the food and beverage end-use industry. Increasing application of cocoa solids in dark chocolates and premium chocolate-based products is further escalating the growth of this segment.
Based on region, North America holds a decent share of the cocoa solids market, supported by the strong consumer demand for various chocolate products and presence of leading market players. Increasing awareness about the health benefits of cocoa solids is leading to an escalating demand for cocoa solids in various forms. Changing lifestyles is heightening the consumption of sweetened desserts and premium chocolate products, which is another growth guiding factor of the market. Rising popularity of dark chocolates with higher percentages of cocoa solids, homemade chocolate recipes, and customisation of chocolates are anticipated to surge the North America market for cocoa solids in the coming years.
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Cargill Incorporated is a private global food producing company which was founded in 1865 and is headquartered in Minnesota in the United States. The product portfolio of this company includes grains and oilseeds, animal nutrition, and health-based products.
United Cocoa Processor, Inc. is leading producer of customised high-quality cocoa products which caters to the demands of industries such as food and pharmaceutical. The company was established in 1992 and is headquartered in New Jersey, United States.
Guan Chong Berhad (GCB) is a food company which specialises in producing cocoa-based products such as cocoa butter, mass, liquor, powder, and several other ingredients. The company was founded in 2004 and is currently headquartered in Johor, Malaysia.
Other market players include Keliffs Nutrients Pvt Ltd, and Olam International Limited, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Nature |
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Breakup by End-use Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cocoa Solids Market Analysis
8.1 Key Industry Highlights
8.2 Global Cocoa Solids Historical Market (2018-2023)
8.3 Global Cocoa Solids Market Forecast (2024-2032)
8.4 Global Cocoa Solids Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Cocoa Solids Market by End-use Industry
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cosmetics and Personal Care
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Cocoa Solids Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Cocoa Solids Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cocoa Solids Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cocoa Solids Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cocoa Solids Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cocoa Solids Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cargill Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 United Cocoa Processor, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Guan Chong Berhad (GCB)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Keliffs Nutrients Pvt Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Olam International Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cocoa Solids Market: Key Industry Highlights, 2018 and 2032
2. Global Cocoa Solids Historical Market: Breakup by Nature (USD Million), 2018-2023
3. Global Cocoa Solids Market Forecast: Breakup by Nature (USD Million), 2024-2032
4. Global Cocoa Solids Historical Market: Breakup by End-use Industry (USD Million), 2018-2023
5. Global Cocoa Solids Market Forecast: Breakup by End-use Industry (USD Million), 2024-2032
6. Global Cocoa Solids Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Cocoa Solids Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Cocoa Solids Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Cocoa Solids Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Cocoa Solids Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Cocoa Solids Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Cocoa Solids Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Cocoa Solids Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Cocoa Solids Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Cocoa Solids Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Cocoa Solids Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Cocoa Solids Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Cocoa Solids Market Structure
The market is estimated to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 6.38 billion by 2032.
The major drivers of the market include increasing popularity of downstream cocoa solids products, rising awareness pertaining to its health benefits, and changing eating habits of consumers.
The key trends in the market include rising popularity of premium packaged chocolate products, increasing use of cocoa solids in cosmetics and personal care, and heightening consumption of dark chocolate among working-professionals.
The major regional markets for cocoa solids are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different natures of cocoa solids in the market are organic and conventional.
The significant end-use industries in the market for cocoa solids are food and beverages, cosmetics and personal care, and pharmaceuticals.
The major market players, according to the report, are Cargill Incorporated, United Cocoa Processor, Inc., Guan Chong Berhad (GCB), Keliffs Nutrients Pvt Ltd, and Olam International Limited, among others.
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