This market research report includes a detailed segmentation of the global cocoa and chocolate market by chocolate type, by cocoa type by application (cosmetics, pharmaceuticals, food and beverage and confectionery), and by region-global industry analysis, size, share, growth, trends, and forecasts (2019-2023)
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The Global Cocoa and Chocolate Market was worth $129.01 billion in 2018 and estimated to be growing at a CAGR of 2.28%, to reach $144.4 billion by 2023. The market is showcasing huge potential in the mentioned forecasting period. Chocolate is mainly classified by the amount of cocoa it contains. Chocolate is considered as “dark chocolate” if it contains more than 60% cocoa. Milk chocolates account for about 50% of all chocolate consumption but they, in general, contain as little as 10% cocoa.
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The cocoa and chocolate market has been growing at a steady pace. The constant strong demand from North America is propelling the cocoa and chocolate market in the region. Cocoa provides texture, flavour, and colour to products. Furthermore, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is observing growth in developing economies such as India and China. Dark chocolate contains high amounts of antioxidants, which are believed to delay or prevent certain types of diseases like cardiac arrest. These health benefits, perceived by people and doctors, is one of the main reason behind strong growth for products with high quantities of cocoa.
Powerful local and global growth in demand is unevenly matched against an unpredictable and unstable supply. But chocolate consumers happen to be quite price insensitive. Except in very rare circumstances consumers are willing to purchase cocoa product at any given prices. The huge demand for chocolate and cocoa in confectionery and food and beverage industries majorly drives the market. The health benefits of cocoa and chocolate in pharmaceuticals and cosmetics has enough evidence to back manufacturers to consider using such ingredients.
The Global Cocoa and Chocolate Market is categorized by Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate and Filled Chocolate), by Cocoa type (Cocoa Butter, Cocoa Liquor and Cocoa Powder). Based on Application, the market is further segmented into Cosmetics, Pharmaceuticals, Food and Beverage and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2018 to 2023. The cocoa liquor segment dominated the cocoa market in 2018. Europe is the leading consumer of cocoa, followed by North America. Also, Europe is a major processor of cocoa in the global market and is forecasted to grow at the highest rate. However, the overall cocoa and chocolate industry in the European region has become stagnant and saturated over the last few years. Consumer awareness pertaining to health benefits of cocoa has led to some of the important innovations in the North American cocoa and chocolate industry.
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Some of the major companies dominating the Cocoa and Chocolate Market, by their products and services include:
• ADM
• Cargill
• Bunge
• Barry Callebaut
• Indcresa
• Blommer and JB Foods Limited
• Plot Ghana
• Dutch Cocoa and Cocoa Processing Company Limited.
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organisations a strong financial foothold in the market
Major Point from Table of Content:
1. Introduction
2. Research Methodology
3. Overview
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
5. Market Segmentation
6. Geographical Analysis
7.Strategic Analysis
8.Market Leaders' Analysis
8.1 Cargill
8.2 ADM
8.3 Bunge
8.4 Barry Callebaut
8.5 Plot Ghana
8.6 Dutch Cocoa
8.7 Cocoa Processing Company Limited
8.8 Indcresa
8.9 Blommer
8.10 JB Foods Limited
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Website: https://www.orbisresearch.com/reports/index/cocoa-and-chocolate-market-by-chocolate-type-by-cocoa-type-by-application-cosmetics-pharmaceuticals-food-and-beverage-and-confectionery-and-by-region-global-industry-analysis-size-share-growth-trends-and-forecasts-2018-2023
Source: MarketersMedia
Release ID: 88914787
