Cocoa butter is widely used to produce
chocolates, cosmetics, soft drinks, and alcohol. The
rising demand for cocoa in Eastern Europe as well as in countries such as Brazil, India, and China are influencing the
production of cocoa and an additional demand of 1 million tons is anticipated by 2020.[1]
A latest report from IndustryARC evaluates that the global cocoa market and
chocolate market collectively offered opportunities worth $49.7 billion in 2017,
and estimates it to grow at a CAGR of 4.40% over the forecast period of
2019-2025. Though the major consumption of cocoa comes from chocolate, the
cocoa market demand is expected to grow due to its organic uses too.
The IndustryARC report is titled “Cocoa & Chocolate Market: By Type (Coca, Chocolate); By Application (Confectionary, Food and Beverages, Cosmetics, Pharmaceuticals, Others); By Distribution Channel (Sales Channel, Distributor, Traders, and Dealers); & By Geography Forecast (2019-2025).” The report presents a detailed analysis of global cocoa and chocolate market based on different metrics and trends relevant to the industry.
Global Cocoa Market: Leading Segments
The chocolate market, or the
cocoa market as a whole, is feeding off well-established confectionery
producers across North America, Africa, and Europe, with Europe serving the
largest revenue share of 41.70% as per 2018. Modern facilities combined with
innovation is leading to numerous products in this segment and luring customers.
Manufacturers are coming up with advanced lab testing facilities and
sophisticated equipment to the delight consumer experience. Different
ingredient combinations are developed and tested by specialists of the field.
Between 2019 and 2025, in the cocoa market and chocolate market, the confectionaries segment is estimated to grow at a CAGR of 5.47%. In addition to the confectionaries, cocoa is widely used at food and beverages, cosmetics, and pharmaceutical industries.
Global Chocolate Market: Trends
o Fine
chocolate hits the spot for many chocoholics and food lovers. Millennials and
other curious consumers look out for unique flavors, compelling chocolate
molds, which is often considered as a luxury indulgence.
o Planned
or unplanned, chocolates are the most common snacks taken by a large
population. When taken in adequate amounts, chocolates can be enjoyed as a part
of a healthy and balanced life. The quest to combine health and taste is
driving the demand for confectionery market.
o Consumers are highly interested in the ingredients of a product. 69% of consumers’ behavior is affected by reading labels of a product.[2] The demand for the organic cocoa market is growing at a steady pace, as the health concern and environmental awareness of consumers are growing.
Global Cocoa and Chocolate Market: Competitive Landscape
Mars Inc., Mondelez International
Inc, Nestle SA, Hershey Foods Corp, Yildiz Holding, Kellogg Co, Ezaki Glico Co
Ltd, Ferrero Group, Chocoladenfabriken Lindt & Sprüngli AG, August Storck KG, Meiji Co Ltd are few
potential manufacturers and predominant producers of confectioneries. These
players are operating with a larger market share in the global cocoa and
chocolate market.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18707
Related Reports:
- Nigerian
Cocoa Market
https://www.industryarc.com/Report/18453/nigerian-cocoa-market-research-report-analysis.html
B. B. Chocolate
Confectionery Market
https://www.industryarc.com/Report/18631/chocolate-confectionery-market.html
C. C. Confectionery
Ingredients Market
https://www.industryarc.com/Research/Confectionery-Ingredients-Market-Research-504766
D. D. Coconut
Sugar Market
https://www.industryarc.com/Report/16590/coconut-sugar-market.html
What can you expect from the
report?
The cocoa and chocolate market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide
customized reports and charge additionally for limited customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=18707
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Or Email 2:
[email protected]
Contact Sales: +1-614-588-8538
(Ext-101)
About IndustryARC: IndustryARC is
a Research and Consulting Firm that publishes more than 500 reports annually,
in various industries such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
and Beverages, Information Technology, and Life sciences and Healthcare.
[1]
https://www.worldcocoafoundation.org/wp-content/uploads/files_mf/plantingmaterialall.pdf
[2]
https://www.confectionerynews.com/Product-innovations/Let-s-create-your-next-special-chocolate-moment