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The West Africa cocoa processing market size is expected to grow at a CAGR of 6.1% between 2024 and 2032.
Cocoa processing involves converting cocoa beans into various products like cocoa liquor, cocoa butter, and cocoa powder, rich in theobromine and polyphenols, offering health benefits such as blood pressure control and cognitive enhancement. Cocoa-derived products are widely used in food and beverage, cosmetics, and pharmaceutical industries driving the West Africa cocoa processing market.
West Africa, particularly Côte d’Ivoire and Ghana, dominates cocoa production, accounting for 75% of global output. Cocoa cultivation is crucial for the economies of these countries, contributing significantly to GDP and employing millions of smallholder farmers.
The cocoa processing industry is divided into two key segments: cocoa grinding and industrial chocolate manufacturing. Côte d’Ivoire and Ghana are major players in cocoa grinding globally. Industrial chocolate manufacturing involves producing large batches of chocolate, known as couverture, which requires precise formulations of cocoa, sugar, milk, and other ingredients.
Favourable climatic conditions and government initiatives in countries like Nigeria support cocoa farming, aiming to improve productivity and bean quality. Cocoa's growing popularity extends beyond food to cosmetics and pharmaceuticals, with cocoa-based products favoured for their anti-aging and moisturizing properties.
The West Africa cocoa processing market development continues to expand, driven by increasing demand for cocoa-based products in diverse industries and regions, including the rising adoption of Western food trends and the use of cocoa in skincare and pharmaceutical applications.
West Africa Cocoa Processing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Bean Type
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by Country
Key players in the cocoa processing market in West Africa produce and process cocoa beans and offer products to support the end users in the market.
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 Bean Type |
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Breakup by Product Type |
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Breakup by Application |
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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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*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
7 Opportunities and Challenges in the Market
8 Global Cocoa Processing Market Overview
8.1 Key Industry Highlights
8.2 Global Cocoa Processing Historical Market (2018-2023)
8.3 Global Cocoa Processing Market Forecast (2024-2032)
8.4 Global Cocoa Processing Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 West Africa Cocoa Processing Market Analysis
9.1 Key Industry Highlights
9.2 West Africa Cocoa Processing Historical Market (2018-2023)
9.3 West Africa Cocoa Processing Market Forecast (2024-2032)
9.4 West Africa Cocoa Processing Market by Bean Type
9.4.1 Forastero
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Criollo
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Trinitario
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 West Africa Cocoa Processing Market by Product Type
9.5.1 Cocoa Butter
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Cocoa Liquor
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Cocoa Powder
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.6 West Africa Cocoa Processing Market by Application
9.6.1 Confectionery
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Bakery
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Beverages
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Pharmaceuticals
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
9.7 West Africa Cocoa Processing Market by Country
9.7.1 Ghana
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 Côte d'Ivoire
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Nigeria
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.7.4 Liberia
9.7.4.1 Historical Trend (2018-2023)
9.7.4.2 Forecast Trend (2024-2032)
9.7.5 Algeria
9.7.5.1 Historical Trend (2018-2023)
9.7.5.2 Forecast Trend (2024-2032)
9.7.6 Guinea
9.7.6.1 Historical Trend (2018-2023)
9.7.6.2 Forecast Trend (2024-2032)
9.7.7 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 Value Chain Analysis
12 Trade Data Analysis (HS Code: 180400, 180320, 180500)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 Cocoa Butter Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Cocoa Liquor Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Cocoa Powder Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Competitive Landscape
14.1 Market Structure
14.2 Major Global Players
14.3 Major Players in West Africa
14.4 Company Profiles
14.4.1 Touton S.A
14.4.1.1 Company Overview
14.4.1.2 Product Portfolio
14.4.1.3 Demographic Reach and Achievements
14.4.1.4 Certifications
14.4.2 Barry Callebaut AG
14.4.2.1 Company Overview
14.4.2.2 Product Portfolio
14.4.2.3 Demographic Reach and Achievements
14.4.2.4 Certifications
14.4.3 Olam Group
14.4.3.1 Company Overview
14.4.3.2 Product Portfolio
14.4.3.3 Demographic Reach and Achievements
14.4.3.4 Certifications
14.4.4 Niche Cocoa Gh. Ltd
14.4.4.1 Company Overview
14.4.4.2 Product Portfolio
14.4.4.3 Demographic Reach and Achievements
14.4.4.4 Certifications
14.4.5 Cargill Inc.
14.4.5.1 Company Overview
14.4.5.2 Product Portfolio
14.4.5.3 Demographic Reach and Achievements
14.4.5.4 Certifications
14.4.6 Ivory Cocoa Products (ICP)
14.4.6.1 Company Overview
14.4.6.2 Product Portfolio
14.4.6.3 Demographic Reach and Achievements
14.4.6.4 Certifications
14.4.7 PLOT Enterprise (Ghana) Limited
14.4.7.1 Company Overview
14.4.7.2 Product Portfolio
14.4.7.3 Demographic Reach and Achievements
14.4.7.4 Certifications
14.4.8 Cocoa Processing Company Limited
14.4.8.1 Company Overview
14.4.8.2 Product Portfolio
14.4.8.3 Demographic Reach and Achievements
14.4.8.4 Certifications
14.4.9 Liberia Cocoa Corporation
14.4.9.1 Company Overview
14.4.9.2 Product Portfolio
14.4.9.3 Demographic Reach and Achievements
14.4.9.4 Certifications
14.4.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cocoa Processing Market: Key Industry Highlights, 2018 and 2032
2. West Africa Cocoa Processing Market: Key Industry Highlights, 2018 and 2032
3. West Africa Cocoa Processing Historical Market: Breakup by Bean Type (USD Million), 2018-2023
4. West Africa Cocoa Processing Market Forecast: Breakup by Bean Type (USD Million), 2024-2032
5. West Africa Cocoa Processing Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. West Africa Cocoa Processing Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. West Africa Cocoa Processing Historical Market: Breakup by Application (USD Million), 2018-2023
8. West Africa Cocoa Processing Market Forecast: Breakup by Application (USD Million), 2024-2032
9. West Africa Cocoa Processing Historical Market: Breakup by Country (USD Million), 2018-2023
10. West Africa Cocoa Processing Market Forecast: Breakup by Country (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. West Africa Cocoa Processing Market Structure
The market is projected to grow at a CAGR of 6.1% between 2024 and 2032.
The market is categorised according to its bean type, which includes forastero, criollo, and trinitario.
The key market players are Touton S.A, Barry Callebaut AG, Olam Group, Niche Cocoa Gh. Ltd, Cargill Inc., Ivory Cocoa Products (ICP), PLOT Enterprise (Ghana) Limited, Cocoa Processing Company Limited, Liberia Cocoa Corporation, and others.
The market is driven by factors that include increasing demand for cocoa-based products in diverse industries and regions, including the rising adoption of Western food trends and the use of cocoa in skincare and pharmaceutical applications, among others.
The market is categorised according to its product type, which includes cocoa butter, cocoa liquor, and cocoa powder.
Approximately 70% of global cocoa bean production is concentrated in four West African nations: Ivory Coast, Ghana, Nigeria, and Cameroon. Ivory Coast and Ghana stand out as the top cocoa producers, collectively contributing over 50% of the world's cocoa output.
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