We are monitoring the impact of COVID-19 on Middle East And Africa Cocoa Products Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 6934
Share on
Share on

Middle East And Africa 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 - Middle East And Africa Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2021-2026

Pulished: April, 2021
ID: 6934
Pages: 145

Middle East and Africa Cocoa Products Market Size Analysis 2021-2026:

Middle East and Africa Cocoa Products Market size was at USD xx.xx million in 2021 and is anticipated to the extent an over of USD xx.xx million by the end of the assessment period. The Middle East and Africa Cocoa Products Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimated period (2021-2026).

Cocoa is a product that can be determined by processing the seeds of the cocoa tree. Cocoa has its beginnings in Latin America, however today it develops in practically all the tropics from West and Central Africa to the Asia Pacific. There are various items produced from cocoa beans, for example, cocoa alcohol, cocoa spreads, and cocoa powder. Cocoa powder is widely used to make chocolate candies and cocoa cola, which is used to create candies. The cocoa spread is widely used by pharmaceutical and recovery companies to make healthy skin items.

Recent Developments in the Middle East and Africa Cocoa Products Market:

  1. Olam International completed the purchase of Archer Daniels Midland Co.'s international cocoa business in a deal worth USD $ 1.2 billion.
  2. In December 2019, Sucden became a part of the International Cocoa Initiative (ICI) for protecting the child labor that can increase its goodwill and income in the future.
  3. Cargill has completed the purchase of ADM's global chocolate business for an enterprise value of $ 440 million. This acquisition underscores Cargill's commitment to meeting customer needs and is an important step in its chocolate growth strategy, strengthening its position as a leader in the cocoa and chocolate industry.
  4. The cocoa and chocolate business of Cargill and Smet, a leading Belgian supplier of chocolate decorations and confectionery for the catering and confectionery markets, announces its intention to consolidate its global gourmet chocolate business. The combined activity will offer significant opportunities to accelerate the growth of the gastronomic segment.
  5. Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, has signed an agreement with Petra Foods Ltd., Singapore, to acquire its Cocoa Ingredients division. Petra Foods Cocoa Ingredients division is the largest supplier of cocoa products in Asia.
  6. The KPPU concluded that the acquisition of ADM Cocoa Business (ADM) by Olam International Limited (Olam) does not give rise to allegations of monopolistic practices or unfair competition.
  7. The Blommer Chocolate Company, the largest manufacturer of chocolate ingredients in North America and the third largest in the world, announced that it has signed an agreement to be acquired by Fuji Oil Holding, Inc., a world leader in oily and fatty ingredients used in the industry food.
  8. In February 2019, Global Food and Agri-business Olam International Limited has acquired an 85 percent stake in the parent company of Indonesia's largest cocoa processor in an attempt to keep pace with demand in the rapidly growing Asian market. The Singapore-based global food and agribusiness firm said it would pay $ 90 million for the stake in YTS Holdings Pte, which owns PT Bumitangerang Mesindotama (BT Cocoa). The remaining 15 percent of the shares will be held by BT Cocoa's founding members, Piter Jasman and his family.

Middle East and Africa Cocoa Products Market Drivers and Restraints:

The growing awareness of the medical benefits of using cocoa-rich products is driving the development of the MEA cocoa product market. Medical benefits for the human body include decreased hypertension, decreased relentless fatigue disorder, protection against sunburn, and others. Cocoa is also rich in polyphenols that help protect body tissues against oxidative pressure and associated pathologies, for example, malignant growths and aggravation. These factors are further driving the development of the Middle East and Africa cocoa product market. Despite the negative impact of the observed economic slowdown, especially in developed markets, demand for cocoa in the chocolate food and confectionery market will continue to outperform throughout the outlook period. In addition, the new application in the cosmetic and pharmaceutical industry will keep the pace of market gains at a high level in the near future.

Middle East and Africa Cocoa Products Market Segmentation 

The opportunity, size, and trend of the Middle East and Africa Cocoa Products Market has been analyzed in the report. The report has been segmented by product type, application, and region. By type, it is classified into cocoa beans, cocoa butter, cocoa powder and cakes, paste and cocoa liquor and chocolate. Depending on the application, it is classified into confectionery, food and beverage, cosmetics and pharmaceuticals. Based on the cocoa products market analysis, based on product type, the cocoa beans segment contributed the largest share of the cocoa products market. The increased demand for cocoa beans to make a variety of foods and beverages primarily drives their sales. 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 conjecture period. This is attributed to the growing affinity of people around the world for packaged foods and sweets.

Impact of COVID-19 on Middle East and Africa Cocoa Products Market

The direct impact of Coronavirus on cocoa is unknown. Long delays in releasing quarterly grinding data mean that the true impact will only become apparent in the second half of this year. The COVID-19 lockdown measures and economic sanctions are expected to lead to a slowdown in demand due to a close relationship between economic growth and cocoa / chocolate consumption. It is worth noting that cocoa is ground into butter and powder, and in combination with vegetable oils and sugar are the basic components of chocolate. Historically, as disposable income declines, basic consumption of "luxury" items such as chocolate declines.

Regional Analysis of the Middle East and Africa Cocoa Products Market:

The Middle East and Africa Cocoa Products market has been classified based on geography to offer a clear understanding of the marketplace into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of the Middle East and Africa.

The Middle East and Africa is one of the key emerging regions, which will generate significant opportunities in the Cocoa Products Market during the forecast period due to the consumption of cocoa beans and butter applied in the food and beverage sector and the preference for the taste of coffee have marked their preferences among US consumers.

Leading Company

Fuji Oil Co. had the largest share of the Middle East and Africa Cocoa Products Market in terms of sales revenue in 2021.

Key Players covered in the Middle East and Africa Cocoa Products Market report are:

The Middle East and Africa Cocoa Products Market is concentrated with prominent players that include Touton S.A., FUJI OIL CO., Tradin Organic, United Cocoa Processor, Guan Chong Berhad (GCB), Puratos Group, The Hershey Company, Cargill, and Ciranda.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Cocoa Powder       

                                5.1.3 Cocoa Paste            

                                5.1.4 Cocoa Butter          

                                5.1.5 Cocoa beans           

                                5.1.6 Others      

                                5.1.5  Y-o-Y Growth Analysis, By Type    

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Bakery      

                                5.2.3 Drinks & Beverages             

                                5.2.4 Confectionaries    

                                5.2.5 Functional food     

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application       

                                5.2.9Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 Middle-East                                

                6.3 Africa                            

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Kraft Foods Group                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Blommer Chocolate Company                            

                8.3 Hersheys                     

                8.4 Tradin Organic Agriculture B.V                            

                8.5 Touton S.A                  

                8.6 PASCHA Chocolate                  

                8.7 Nestle                           

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                              

  • 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 Type, by Application 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 organizations a strong financial foothold in the market

                                                                                                                          

  1. Middle East and Africa Cocoa products Market By Type, From 2021-2026 ( USD Million )
  2. Middle East and Africa cocoa powder Market By Region, From 2021-2026 ( USD Million )
  3. Middle East and Africa cocoa paste Market By Region, From 2021-2026 ( USD Million )
  4. Middle East and Africa cocoa butter Market By Region, From 2021-2026 ( USD Million )
  5. Middle East and Africa cocoa beans Market By Region, From 2021-2026 ( USD Million )
  6. Middle East and Africa other types Market By Region, From 2021-2026 ( USD Million )
  7. Middle East and Africa Cocoa products Market By Application, From 2021-2026 ( USD Million )
  8. Middle East and Africa Bakery  Market By Region, From 2021-2026 ( USD Million )
  9. Middle East and Africa Drinks and beverages Market By Region, From 2021-2026 ( USD Million )
  10. Middle East and Africa Confectionaries Market By Region, From 2021-2026 ( USD Million )
  11. Middle East Cocoa products Market By Type, From 2021-2026 ( USD Million )
  12. Middle East Cocoa products Market By Application, From 2021-2026 ( USD Million )
  13. Africa Cocoa products Market By Type, From 2021-2026 ( USD Million )
  14. Africa Cocoa products Market By Application, From 2021-2026 ( USD Million )

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 2875

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample