Cocoa Market, By Source (Conventional and Organic), By Process (Dutch Process and Natural Process), By Product (Cocoa Liquor, Cocoa Butter and Cocoa Powder), By Application (Bakery Items, Beverages, Confectionary, Cosmetics, functional Foods, and Pharmaceuticals), and By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Report Code: PMI103119 | Publish Date: June 2023 | No. of Pages: 168

Global Cocoa Market By Source Overview

Introduction:

An essential ingredient in products related to baking, dairy, and even beverages is cocoa or cocoa. Cocoa beans are dried and fermented before being processed to extract butter, oil, powder, and liquor along with other residual solids. Cocoa is extracted from three common plants: astero, criollo, and trinitario. Cocoa powder is utilized in syrups, toppings, confectionery, as a coloring agent, and even in beverages in various industries. To provide taste, flavor, and texture to food, in addition to nutritional and functional benefits, cocoa and chocolate are used. Characteristics of cocoa butter offer a melt-in-the-mouth sensation and easy removal of chocolates from the molds. The unpleasant taste of tablets is masked by chocolate and encourages its medicinal use. The global cocoa market accounted for US$ 25.2 billion in 2020 and is estimated to be US$ 34.4 billion by 2030 and is anticipated to register a CAGR of 3.2%.

Global Cocoa Market By Source Dynamics

 

Risisng demand of cocoa market

The primary factor that drives the global cocoa market is the widening scope for cocoa powder applications, consistently rising demand for chocolates, and rising preference for dark chocolate. There is an increase in cocoa applications, which enhances the target market globally. Cocoa has high health benefits and is used in some pharmaceutical industries, boosting the target market. Cocoa manufacturers dip their toes into novel production methods of organic and gluten-free products due to the issue of customers quitting chocolates. The cocoa market is to witness impressive growth in the coming years. Seasonal and festive-related sales will increase the target market in the coming years. However, volatile economies in cocoa-producing countries are the major restraints of the global cocoa market. High raw material prices also affect the growth of this target market. Another factor includes increasing prices for cocoa products and chocolates, particularly involving the development of the cocoa market.

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Global Cocoa Market By Source Segmentation

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global Cocoa market is segmented on product, source, process, application, and region.

Based on source, the market is segmented into conventional and organic. Organic cocoa seeds are in high demand in the industrial markets. Based on process, the target market is segmented into the Dutch approach and natural process. Natural cocoa is a natural powder from roasted cocoa beans and is acidic and bitter with a potent and concentrated chocolate flavor. The target market is divided into cocoa liquor, cocoa butter, and cocoa powder based on product type. The target market is segmented based on application: bakery items, beverages, confectionery, cosmetics, functional foods, and pharmaceuticals. The bakery and confectionaries have high utilization of cocoa.

Regional Insights:

The global cocoa market accounted for US$ 25.2 billion in 2020 and is estimated to be US$ 34.4 billion by 2030 and is anticipated to register a CAGR of 3.2%. The global cocoa market is segmented based on region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Revenue contribution from the Europe cocoa market to the global cocoa market is likely to remain comparatively high. It is expected to remain the dominant regional market over the forecast period. North America will also be a lucrative region for sales of cocoa products throughout the projection period.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Product- Cocoa Liquor, Cocoa Butter and Cocoa Powder

By Source– Conventional and Organic

By Process- Dutch process and Natural Process

By Application– Bakery Items, Beverages, Confectionary, Cosmetics, functional Foods, and Pharmaceuticals

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global cocoa market report based on product, source, application, Process and region.

Global Cocoa Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Cocoa Market By Source Key Players

The key players in the global cocoa market includes Barry Callebaut Group, Mars Incorporated, Cargill Inc., Carlyle Cocoa Co, Ltd., Archer Daniels Midland (ADM) corporation, Blommer Chocolate Company, Cocoa Processing Company, Newtown Foods Pvt. Ltd., Puratos Group, The Hershey Company Pvt. Ltd.

Global Cocoa Market By Source Company Profile

  • Barry Callebaut Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mars Incorporated
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cargill Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Carlyle Cocoa Co, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Archer Daniels Midland (ADM) corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Blommer Chocolate Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cocoa Processing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Newtown Foods Pvt. Ltd.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Puratos Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Hershey Company Pvt. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Cocoa Market By Source Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Cocoa strategies
      • Key Questions this Study will Answer
      • Market Snippet, By source
      • Market Snippet, By process
      • Market Snippet, By products
      • Market Snippet, By application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Cocoa Market, By Source 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Conventional
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Organic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Cocoa Market, By Process 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Dutch Process
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Natural Process
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Cocoa Market, By product, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Cocoa Liquor
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cocoa Butter
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cocoa Powder
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Cocoa Market, By Application , 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Bakery Items
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Beverages
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Confectionary
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cosmetics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • functional Foods
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Pharmaceuticals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Cocoa Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By source, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By process, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By application , 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By source, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By process, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By products, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By application , 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By source, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By process, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By products, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By application , 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By source, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By process, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By products, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By application , 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By source, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By process, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By products, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By application , 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles
  • Barry Callebaut Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mars Incorporated
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cargill Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Carlyle Cocoa Co, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Archer Daniels Midland (ADM) corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Blommer Chocolate Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cocoa Processing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Newtown Foods Pvt. Ltd.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Puratos Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Hershey Company Pvt. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global cocoa market is segmented based on product, source, application, process, and region.

Rising demand for chocolates, and rising preference for dark chocolate. There are increase in application of cocoa which enhances the target market globally.

Revenue contribution from the Europe cocoa market is likely to remain comparatively high, and is expected to remain the dominant regional market over the forecast period.

The key players in the global cocoa market includes Barry Callebaut Group, Mars Incorporated, Cargill Inc., Carlyle Cocoa Co, Ltd., Archer Daniels Midland (ADM) corporation, Blommer Chocolate Company, Cocoa Processing Company, Newtown Foods Pvt. Ltd., Puratos Group, The Hershey Company Pvt. Ltd.