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Cocoa Products Market By Type (Cocoa Powder, Cocoa Paste, Cocoa Butter, Cocoa Beans and Others), By Application (Bakery, Drinks & Beverages, Confectionaries, Functional Food and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022 to 2027

Published: January, 2022
ID: 6929
Pages: 145

Cocoa Products Market Size Analysis 2022 - 2027:

Cocoa Products Market size was at USD 24.5 billion in 2022 and is anticipated to reach over USD 30.2 billion by 2027 with a CAGR of 3.1% 

Cocoa products are derived from cocoa beans or fermented seeds of a cocoa tree. Some of the main cocoa products include cocoa powder, chocolate, cocoa butter, cocoa liquor, etc. Many cocoa products are nowadays becoming pivotal in different industries, such as chocolates, cosmetics and pharmaceuticals, alcohol and so on. Cocoa products like cocoa powder have been shown to regulate blood pressure and prevent the development of hypertension, reduce the risk of heart attack and stroke, and promote healthy skin and teeth.

Cocoa Products Market Report Statistics:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2020 - 2026

CAGR

X.X%

Segments Covered

By Type, By Application, and By 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

United Cocoa Processor, Cargill, Tradin Organic, Puratos Group, Touton S.A, Guan Chong Berhad (GCB), The Hershey Company, Ciranda, and FUJI OIL CO.

Recent Developments in Cocoa Products Industry:

  1. Olam International confirmed its plans to shake hands with John Lewis to encourage the next generation coffee growers in Colombia. This development will help the company increase its production capacity and its global presence.

  2. Sucden became a member of the International Cocoa Initiative (ICI) for the protection of child labor. This development has helped the company increase its goodwill and income in the near future.

  3. Global Ingredients and Food Group Cargill launched its Veliche Gourmet artisan chocolate brand in the Netherlands at the country's leading hotel fair, Horecava in Amsterdam.

Cocoa Products Market Drivers and Restraints:

The growing demand for chocolates and related products such as dark chocolates, milk chocolates, etc., has led to an increase in demand for cocoa products.

Manufacturers carry out increased per capita chocolate consumption and aggressive advertising and promotional campaigns to attract buyers, which is likely to stimulate demand for cocoa products. Also, the use of cocoa butter in the formulation of various cosmetic and personal care products due to its therapeutic properties is expected to further increase the demand for cocoa products during the forecast period. The demand for organic cocoa products has augmented rapidly as consumers are increasingly concerned about food safety and the impact of cocoa plantations on the environment. This is attributed to the increasing popularity of cocoa products, including cocoa beverages and other products, associated with increasing disposable income among the middle-class population, which is expected to boost cocoa bean sales. Furthermore, factors such as changing consumer demand, changing taste, and increasing health awareness among consumers are supposed to increase market demand for cocoa products. Furthermore, increased government efforts to provide modern agricultural techniques to farmers are supposed to create positive prospects for cocoa beans, which will ultimately drive the growth of the cocoa product market. However, the threat to the sustainability of cocoa production, endemic fertilizer use, low soil fertility and climate change are likely to affect the production of cocoa products during the forecast period.

How the Cocoa Products Market is Segmentation:

By type

  • cocoa beans

  • cocoa butter

  • cocoa powder

  • cakes

  • paste

  • cocoa liquor

  • chocolate

According to the application, the confectionery segment has been the main contributor to the cocoa products market share in 2019 and is expected to dominate the market throughout the foreseen period. This is attributed to the growing affinity of people around the world for packaged foods and sweets. In addition, the increase in disposable income coupled with the frequent snacking habit of consumers around the world has helped boost the confectionery segment. However, the cosmetics category is anticipated to grow at the fastest CAGR during the conjecture period.

Cocoa Products Market Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East, and Africa

In the global Cocoa Products market, the European region provided the largest share, followed by North America, Asia-Pacific, and others. In Europe, Germany occupies the largest market share due to the high consumption of cocoa products in industrial applications, for example, Mondelez International, Nestlé, and Lindt & Sprüngli, one of the main players in confectionery, consumes mainly cocoa-based products for the elaboration of chocolates incorporated with roasted cocoa bean products.

In North America, the United States occupied the largest market share due to the consumption of cocoa beans and butter applied in the food and beverage industry and the preference for tasty coffee, which has made its preferences among American consumers. In the Asia-Pacific region, the Japanese market is leading growth due to the high consumption of cocoa liquors and cocoa butter in the food and pharmaceutical sector and has led its growth.

Cocoa Products Market Key Players:

  1. United Cocoa Processor

  2. Cargill, Tradin Organic

  3. Puratos Group

  4. Touton S.A

  5. Guan Chong Berhad (GCB)

  6. The Hershey Company

  7. Ciranda, and FUJI OIL CO

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 Cocoa Products Market, By Product Type                     

                                6.1.1 Chocolate

                                6.1.2 Cocoa Paste & Liquor          

                                6.1.3 Cocoa Powder & Cake        

                                6.1.4 Cocoa Butter          

                                6.1.5 Cocoa Beans           

                                6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Cocoa Products Market, By Application                          

                                6.2.1 Cosmetics & Pharmaceutical           

                                6.2.2 Food & Beverages

                                6.2.3 Confectionery       

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                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        

                7.3 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        

                7.4 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        

                7.5 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        

                7.6 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        

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 United Cocoa Processor                        

                8.3 Tradin Organic                           

                8.4 Puratos Group                          

                8.5 Touton S.A                  

                8.6 Guan Chong Berhad (GCB)                  

                8.7 The Hershey Company                          

                8.8 Ciranda                         

                8.9 FUJI OIL CO                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Cocoa Products Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  3. Global Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  7. Global Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  9. Global Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  11. Global Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  12. North America Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  13. North America Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  14. North America Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  15. North America Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  16. North America Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  17. North America Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  18. North America Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  19. North America Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  20. North America Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  21. North America Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  22. United States Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  23. United States Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  24. Canada Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  25. Canada Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  26. Europe Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  27. Europe Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  28. Europe Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  29. Europe Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  30. Europe Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  31. Europe Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  32. Europe Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  33. Europe Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  34. Europe Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  35. Europe Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  36. U.K. Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  37. U.K. Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  38. Germany Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  39. Germany Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  40. France Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  41. France Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  42. Italy Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  43. Italy Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  44. Spain Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  45. Spain Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  46. Asia Pacific Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  47. Asia Pacific Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  48. Asia Pacific Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  49. Asia Pacific Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  50. Asia Pacific Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  51. Asia Pacific Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  52. Asia Pacific Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  53. Asia Pacific Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  54. Asia Pacific Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  55. Asia Pacific Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  56. Japan Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  57. Japan Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  58. China Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  59. China Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  60. India Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  61. India Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  62. Australia Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  63. Australia Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  64. South Korea Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  65. South Korea Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )                      

  66. Latin America Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  67. Latin America Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  68. Latin America Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  69. Latin America Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  70. Latin America Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  71. Latin America Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  72. Latin America Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  73. Latin America Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  74. Latin America Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  75. Latin America Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  76. Brazil Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  77. Brazil Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  78. Argentina Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  79. Argentina Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  80. Mexico Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  81. Mexico Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  82. Rest of Latin America Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  83. Rest of Latin America Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  84. Middle East and Africa Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  85. Middle East and Africa Chocolate Market By Region, From 2022 - 2027 ( USD Billion )

  86. Middle East and Africa Cocoa Paste & Liquor Market By Region, From 2022 - 2027 ( USD Billion )

  87. Middle East and Africa Cocoa Powder & Cake Market By Region, From 2022 - 2027 ( USD Billion )

  88. Middle East and Africa Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )

  89. Middle East and Africa Cocoa Beans Market By Region, From 2022 - 2027 ( USD Billion )

  90. Middle East and Africa Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  91. Middle East and Africa Cosmetics & Pharmaceutical Market By Region, From 2022 - 2027 ( USD Billion )

  92. Middle East and Africa Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  93. Middle East and Africa Confectionery Market By Region, From 2022 - 2027 ( USD Billion )

  94. Middle East Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  95. Middle East Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

  96. Africa Cocoa Products Market By Product Type, From 2022 - 2027 ( USD Billion )

  97. Africa Cocoa Products Market By Application, From 2022 - 2027 ( USD Billion )

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