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Global Cacao Beans Market By Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Pet Food, Household/Retail, HoReCa/Foodservice), By Product Type (Forastero, Criolloand Trinitario), By Distribution Channel (B2B and B2C) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 10039
Pages: 175

Cacao Beans Market Size, Growth, Forecast (2022-2027)

The Global Cacao Beans Market size was valued at US$ 10 billion in 2021, and it is estimated to reach US$ 20 billion by 2027 with an annual development rate of 7% between 2022 and 2027.

Cacao Beans Market

Market Overview:

Cacao beans are small beans found on the pods that grow on cacao (cacao) trees. The main benefits of cacao are to improve blood flow, lower blood pressure and reduce the risk of heart attack. They produce a variety of products through further processing. Cacao beans are the best source of antioxidants, with antioxidant concentration levels of up to 10%. They can be grown in shade crops, such as agroforestry which can reduce the pressure on existing protected forests for resources such as fuelwood and preserve biodiversity. Cacao beans are packed with vitamins and minerals and contain healthy doses of potassium, copper to support cardiovascular health, and iron to carry oxygen throughout the body.

Recent Developments in Cacao Beans Industry:

  • In January 2020, Häagen-Dazs launched two new ice creams containing Ruby Cacao. The ruby Cacao fruit used in this product is obtained and processed by Barry Callebaut.

Cacao Beans Market Growth:

The increasing popularity of Cacao-based products such as Cacao powder, Cacao butter, Cacao beverages and beauty products is driving the global market for Cacao beans.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

7%

Segments Covered

By Product Type, Application, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cargill Inc, Hershey Company, Barry Callebaut Group, Blommer Chocolate Company, Puratos Group, Cemoi, Azalea Cacao, Meiji Holdings Company, the United Cacao processor and Others.

Drivers:

As the chocolate confectionery business expands, the demand for Cacao beans is increasing around the world. The antioxidant properties of Cacao beans regulate skin health and reduce wrinkles. The historical relevance of the use of Cacao beans in health care and other treatments has played an important role in its popularization. The world market for Cacao beans is expected to continue strong growth in the coming years. In addition, several regions, including the Amazon basin, have played an important role in satisfying the supply of Cacao bean sellers. The increasing use of Cacao butter has become one of the main drivers of demand in the world market. Also, advances in plant research have created enormous demand in the world market for Cacao beans. The beneficial properties of Cacao beans for skin and health are driving the demand for Cacao beans in the cosmetic industry. The government is taking the initiative to educate farmers on modern technologies that will contribute to the production of Cacao beans. The main Cacao production occurs in emerging economies. Poor infrastructure and lack of communication in these areas affect the production of Cacao beans. They are an important commodity in the world trade industry. The world market demand for Cacao beans is expected to increase with the development of the chocolate manufacturing sector. In addition, the commercial cultivation of Cacao beans has become an area of profitable growth and investment. In addition to this, scientists are studying the properties of various types of Cacao beans. Therefore, there is no doubt about the outstanding growth rate in the global market. Around the world, there is a growing demand for chocolate variants such as milk chocolate, brownies, and dark chocolate. The increasing importance of coatings to enhance flavor in vegetable, fruit and grain processing is expected to further increase demand for the product. This is expected to help drive global market growth during the forecast period.

Furthermore, the availability of chocolate in various flavors, such as vanilla, mint and coffee, is expected to have a positive impact on the global market for Cacao beans. Several governments are taking the initiative to educate farmers on modern technologies that will contribute to the production of Cacao beans. Additionally, consumer demand for organic Cacao beans is expected to provide several growth opportunities for key players in the Cacao beans market in the coming years. Innovation and sustainable production technology are the main focus of the Cacao bean market. For example, at Chocoa 2020, a sustainable chocolate and Cacao business event, it was recognized that the increasing use of smartphones has helped farmers understand that improved agricultural technologies can benefit their bottom line. In addition, new product innovation in the confectionery sector is one of the main drivers contributing to market growth. Digital innovation is prominent in the Cacao bean market. Farmers at the Cacao market are adopting pruning methods to increase productivity and preserve forests.

Restraints:

Farmers face problems related to the yield and profitability of weed accumulation, increasing the risk of damage to crops. Most Cacao farmers have focused on growing other high-yielding crops. These challenges will have a negative impact on supply dynamics and are expected to hamper the market growth in the coming years. Cacao beans are highly dependent on seasonal and environmental conditions, and fluctuations in commodity prices are factors that are likely to slow the growth of the global Cacao bean market during the forecast period.

Impact of COVID 19 on the Cacao Beans Market:

Cacao beans prices are expected to fall due to the coronavirus (COVID-19) outbreak. It is also expected to witness a possible supply disruption in the Cacao bean market. Product prices tend to fall due to the period of market risk, creating difficulties for companies in the Cacao bean market. With COVID-19 cases increasing worldwide, the situation in West Africa is under control compared to other countries such as the United States and Italy, where the prevalence of COVID-19 patients is high.

Cacao Beans Market Segmentation Analysis:

By application, confectionery, a part of food & beverage segment accounted for more than 35% of the global share in 2019. Significant gains from increased purchasing power are expected to continue to be a major factor in the dark chocolate sector in emerging economies, including China and India. Pharmaceutical companies are expected to show the fastest growth from 2019 to 2025 with an average annual growth rate of 8.1%. This product is important in pharmacology as it protects cell membranes, helps maintain cholesterol levels and reduces the incidence of cardiovascular diseases (CVD). It is also used in the food and beverage industry as an antioxidant, flavor enhancer, and preservative. It is also used as a fragrance and moisturizer in cosmetic formulations. With growing concerns about the side effects of synthetics, the increasing popularity of natural cosmetics around the world is expected to increase the demand for Cacao beans with butter as a functional ingredient. The powder products segment is expected to show the fastest growth from 2019 to 2025 with an average annual growth rate of 8.0%. Cacao powder is used as an additive in chocolate syrup, cakes, chocolate confectionery, and cookie preparations.

By product type, the global market is separated mainly into forastero, criollo and trinitario.

By distribution channel, B2C distribution channels led the market in 2018 and accounted for more than 80% of the global market share. This product is mainly sold through supermarkets and hypermarkets, convenience stores, brand outlets and direct sales.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America dominated the market in 2018, accounting for 30% of the global share. Increasing demand in the confectionery, cosmetic and pharmaceutical sectors in the United States and Canada is expected to continue to be a favorable factor. The harvest and cultivation of coca beans is a source of economic benefits for African countries such as Ghana and Nigeria. The UN persuades developed countries to purchase Cacao supplies from underdeveloped countries in Africa. This factor has contributed to improving the world trade balance situation. Therefore, the world market for Cacao beans is expected to grow with the improvement of world trade. Furthermore, Mexico's urbanization and rising disposable income levels are expected to pave the way for the next eight years. The Asia Pacific region is projected to show the fastest growth from 2019 to 2025 with an average annual growth rate of 8.5%, with China and India being the main markets in the region. The growing target population base, with increased health awareness and shifting consumer preferences, is expected to have a positive impact on the local market.

Key Players in the Market:

Major Key Players in the Global Cacao Beans Market are

  • Cargill Inc
  • Hershey Company
  • Barry Callebaut Group
  • Blommer Chocolate Company
  • Puratos Group
  • Cemoi
  • Azalea Cacao
  • Meiji Holdings Company
  • the United Cacao processor

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Cacao Beans Market, By Product Type               

                   6.1.1 Forastero     

                   6.1.2 Criollo

                   6.1.3 Trinitario      

                   6.1.4 Market Size Estimations & Forecasts (2022-2027)   

                   6.1.5 Y-o-Y Growth Rate Analysis       

                   6.1.6 Market Attractiveness Index       

          6.2 Cacao Beans Market, By Application                  

                   6.2.1 Food and Beverages

                   6.2.2 Cosmetics and Personal Care      

                   6.2.3 Pharmaceuticals     

                   6.2.4 Pet Food      

                   6.2.5 Household/Retail    

                   6.2.6 HoReCa/Foodservice        

                   6.2.7 Market Size Estimations & Forecasts (2022-2027)   

                   6.2.8 Y-o-Y Growth Rate Analysis       

                   6.2.9 Market Attractiveness Index       

          6.3 Cacao Beans Market, By Distribution Channel               

                   6.3.1 B2B    

                   6.3.2 B2C   

                   6.3.3 Market Size Estimations & Forecasts (2022-2027)   

                   6.3.4 Y-o-Y Growth Rate Analysis       

                   6.3.5 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Global Identity Governance and Administration Market, by Region              

          7.2 North America - Market Analysis (2022-2027)         

                   7.2.1 By Country   

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Product Type     

                   7.2.3 By Application        

                   7.2.4 By Distribution Channel    

          7.3 Europe            

                   7.3.1 By Country   

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Product Type     

                   7.3.3 By Application        

                   7.3.4 By Distribution Channel    

          7.4 Asia Pacific               

                   7.4.1 By Country   

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Product Type     

                   7.4.3 By Application        

                   7.4.4 By Distribution Channel    

          7.5 Latin America            

                   7.5.1 By Country   

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Product Type     

                   7.5.3 By Application        

                   7.5.4 By Distribution Channel    

          7.6 Middle East and Africa         

                   7.6.1 By Country   

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Product Type     

                   7.6.3 By Application        

                   7.6.4 By Distribution Channel    

8. Key Player Analysis                         

          8.1 Cargill Inc                 

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Hershey Company               

          8.3 Barry Callebaut Group          

          8.4 Blommer Chocolate Company                  

          8.5 Puratos Group           

          8.6 Cemoi             

          8.7 Azalea Cacao            

          8.8 Meiji Holdings Company                

          8.9 United Cacao Processor                 

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

  1. Global Cacao Beans Market By Region, From 2022-2027 ( USD Billion )
  2. Global Cacao Beans Market By Product Type, From 2022-2027 ( USD Billion )
  3. Global Forastero Market By Region, From 2022-2027 ( USD Billion )
  4. Global Criollo Market By Region, From 2022-2027 ( USD Billion )
  5. Global Trinitario Market By Region, From 2022-2027 ( USD Billion )
  6. Global Cacao Beans Market By Application, From 2022-2027 ( USD Billion )
  7. Global Food and Beverages Market By Region, From 2022-2027 ( USD Billion )
  8. Global Cosmetics and Personal Care Market By Region, From 2022-2027 ( USD Billion )
  9. Global Pharmaceuticals Market By Region, From 2022-2027 ( USD Billion )
  10. Global Pet Food Market By Region, From 2022-2027 ( USD Billion )
  11. Global Household/Retail Market By Region, From 2022-2027 ( USD Billion )
  12. Global HoReCa/Foodservice Market By Region, From 2022-2027 ( USD Billion )
  13. Global Cacao Beans Market By Distribution Channel, From 2022-2027 ( USD Billion )
  14. Global B2B Market By Region, From 2022-2027 ( USD Billion )
  15. Global B2C Market By Region, From 2022-2027 ( USD Billion )

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FAQ's

What is the estimated value of the Cacao Beans market?

The market for Global Cacao Beans Market size was estimated at USD 10 billion in 2022 and it is expected to grow at a CAGR of 7% between 2022 and 2027 to reach a valuation of USD 20 billion.

What are Cacao beans?

Cacao beans are small beans found in pods that grow on cacao trees. The benefits of these beans include improved blood flow, lower blood pressure and reduced rate of heart attacks.

What are the regions covered in this report?

The regions covered in this report are North America, Europe, APAC, Latin America, The Middle East and Africa.

What is the categorization of Cacao beans based on product type?

The market is divided into three categories based on the product type into Forastero, Criollo, Trinitario

Name some eminent market players of Cacao beans in the world?

Some of the prominent players in the Cacao beans market are Cargill Inc, Hershey Company, Barry Callebaut Group, Cemoi, Puratos group.

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