Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Cocoa beans is extracted from Theobroma cocoa, it is dried and fermented and further processed for producing cocoa powder, oil, liquor, butter, and other cocoa products. Cocoa is widely used in the manufacturing of chocolates. They have various health benefits due to the high content of flavonoids that reduce the risk of cardiovascular disease.

The global cocoa market is projected to reach around US$ 15,065.0 million by the end of 2027, in terms of revenue, growing at CAGR of 3.4% during the forecast period (2020-2027).

Drivers:

The growing demand for dark and premium chocolates around the globe is predominantly fueling the market growth of cocoa. For instance, in July 2019, Nestle has launched 70% dark chocolate made entirely from the cocoa fruit. The product is produced from cocoa beans and pulp as the only ingredients, delivers natural sweetness and subtle acidity without added refined sugar. The dark and premium chocolates gaining significant demand on the account of various health benefits associated with it.

Figure 1. Global Cocoa Market Share (%) in terms of Value, By Region, in 2019

Cocoa  | Coherent Market Insights

Europe region dominated the global optical coatings market in 2019, accounting for 43.8% share in terms of value, followed by North America and Asia Pacific, respectively.

Market Restraints

Lack of knowledge about advanced farming techniques among farmers of developing region along with the challenges associated with the selling of cocoa is projected to hamper the market growth. According to the Coherent Market Insights analysis, around 30%–40% of the crop in major producing regions are lost due to improper pest and crop disease control procedures.

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Cocoa Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 11,499.6 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 3.4% 2027 Value Projection: US$ 15,065.0 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: Middle East and Africa
Segments covered:
  • By Nature: Organic and Conventional
  • By Process: Natural and Dutch
  • By Product Type: Cocoa Powder, Cocoa Butter, and Cocoa Liquor
  • By Application: Confectioner, Functional Food, Bakery Items, Beverages, Cosmetics, and Pharmaceutical
Companies covered:

The Barry Callebaut Group, The Hershey Company, Nestlé S.A., Cargill Incorporated, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., Carlyle Cocoa, Jindal Cocoa, and United Cocoa Processor

Growth Drivers:
  • The growing demand for dark and premium chocolates around the globe
  • Increasing production of cocoa coupled with the rising adoption of advanced technology for processing and manufacturing of cocoa
Restraints & Challenges:
  • Changing government regulations affects the production and selling policies of cocoa

Market Opportunities

Growing demand for cocoa beans from the pharmaceutical industry is projected to serve major growth opportunities for the market. Cocoa beans are used as a lubricant in various pharmaceutical formulations. Moreover, it has excellent physicochemical and antimicrobial properties make it suitable for producing various drugs. Hence, the growing demand for cocoa from the pharmaceutical industry is projected to propel market growth.

Increasing use of cocoa in the formulation of healthy beverages is projected to offer immense growth opportunities in the near future. For instance, in March 2020, Nestlé Australia has introduced a plant-based version of its cocoa malt beverage, Milo. The new Milo replaces milk powder with soy and oats and the core ingredients are the same as the original Milo – malt, barley, and cocoa. Thus, growing demand for the cocoa-based beverage is projected to propel the market growth of cocoa.

Figure 2. Global Cocoa Market– Opportunity Analysis

Cocoa  | Coherent Market Insights

Market Trends

Online shopping is a growing trend and the majority of products are sold through an online distribution channel. The expansion of the online retail channel is expected to add immense growth to the market of cocoa. Moreover, increasing purchasing power of consumers coupled with changing eating habits and rising adoption of a healthy life>

Trading and distribution partnership among key players for improving supply chain is contributing to the market growth of cocoa. For instance, in December 2019, Caldic and Cargill have concluded an agreement making Caldic Ingredients Deutschland GmbH the exclusive distribution partner for cocoa and chocolate for the German and Austrian food industry.

Figure 3. Global Cocoa Market Share (%) in terms of Value, By Application, in 2019

Cocoa  | Coherent Market Insights

On the basis of application in 2019, the confectionery segment has accounted the largest market share of 32.8% in terms of value, followed by beverages and bakery items segment respectively.

Global Cocoa Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus has caused a downward reaction in cocoa prices along with other commodities. The continued spread of virus could impact production and logistics of cocoa. Chocolate manufacturers can experience supply problems over coming months which will cause cocoa price to move higher. According to Cocoa Association of Nigeria 5,000 to 6,000 tons of cocoa has been stuck at ports and warehouses across the country because of lockdown restrictions which is disrupting transport and port activities. According to Coherent Market Insights, cocoa market is expected to grow at a slightly lower CAGR between 2020 and 2021.

Competitive Section:

Company Names 

  1. The Barry Callebaut Group
  2. The Hershey Company
  3. Nestlé S.A.
  4. Cargill Incorporated
  5. Puratos Group
  6. Cémoi
  7. Mars, Incorporated
  8. Blommer Chocolate Company
  9. Meiji Holdings Company, Ltd.
  10. Carlyle Cocoa
  11. Jindal Cocoa
  12. United Cocoa Processor

Few Recent Developments

In March 2020, Nestlé Australia has introduced a plant-based version of its cocoa malt beverage, Milo. The new Milo replaces milk powder with soy and oats and the core ingredients are the same as the original Milo – malt, barley, and cocoa.

Cocoa is fully dried and fermented beans that are further processed to use in food, pharmaceutical, and cosmetics applications. Cocoa powder is mostly used in the production of chocolate confectionaries and cocoa paste. Cocoa butter is widely used in the pharmaceutical and cosmetic industry. Consumption of cocoa-rich products provide various health benefits such as reduce hypertension, lower risk of cardiovascular disease and chronic fatigue syndrome.

Market Dynamics

Increasing production of cocoa coupled with the rising adoption of advanced technology for processing and manufacturing of cocoa is projected to bolster the market growth. Improvement in the farming techniques helps in the high yield production of cocoa and this is increasing the supply of cocoa. Thus growing adoption of the advance farming techniques for cocoa is expected to spur the market growth over the forecast period.

Consumption of cocoa liquor is one of the current trends in the market. This is attributed to the growing working-class population including women coupled with the increasing adoption of westernization. Moreover, the growing focus of manufacturers on advertising and marketing in order to position cocoa-based products in the market is also anticipated to augment the market growth of the cocoa over the forecast timeframe.

Changing government regulations affects the production and selling policies of cocoa. This is expected to restrict the market growth. For instance, in December 2015, the Indonesian government announced new cocoa regulations that will require local farmers to ferment better quality cocoa beans in order to increase end-product value.

Key features of the study:

  • This report provides in-depth analysis of the global cocoa market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on cocoa market.
  • It profiles key players in the global cocoa market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include The Barry Callebaut Group, The Hershey Company, Nestlé S.A., Cargill Incorporated, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., Carlyle Cocoa, Jindal Cocoa, and United Cocoa Processor
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global cocoa market report caters to various stakeholders in this industry including investors, suppliers, cocoa manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the cocoa market

Detailed Segmentation:

  • Global Cocoa Market, By Nature:
    • Organic
    • COnventional
  • Global Cocoa Market, By Process:
    • Natural
    • Dutch
  • Global Cocoa Market, By Product Type:
    • Cocoa Powder
    • Cocoa Butter
    • Cocoa Liquor
  • Global Cocoa Market, By Application:
    • Confectionery
    • Functional Food
    • Bakery Items
    • Beverages
    • Cosmetics
    • Pharmaceuticals
  • Global Cocoa Market, By Region:
    • North America
      • U.S.
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Canada
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
    • Europe
      • U.K.
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Germany
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • France
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Italy
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Spain
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Russia
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Rest of Europe
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
    • Asia Pacific
      • China
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • India
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Japan
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • ASEAN
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Australia
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • South Korea
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Rest of Asia Pacific
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
    • Latin America
      • Brazil
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Mexico
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Rest of Latin America
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
    • Middle East & Africa
      • Middle East
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
      • Africa
        • By Nature
          • Organic
          • Conventional
        • By Process
          • Natural
          • Dutch
        • By Product Type
          • Cocoa Powder
          • Cocoa Butter
          • Cocoa Liquor
        • By Application
          • Confectionery
          • Functional Food
          • Bakery Items
          • Beverages
          • Cosmetics
          • Pharmaceuticals
  • Company Profiles
    • The Barry Callebaut Group *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • The Hershey Company
    • Nestlé S.A.
    • Cargill Incorporated
    • Puratos Group
    • Cémoi
    • Mars, Incorporated
    • Blommer Chocolate Company
    • Meiji Holdings Company, Ltd.
    • Carlyle Cocoa
    • Jindal Cocoa
    • United Cocoa Processor

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Nature
      • Market Snippet, By Process
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Cocoa Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Cocoa Market, By Nature, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Organic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Conventional
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  6. Global Cocoa Market, By Process, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Natural
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Dutch
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  7. Global Cocoa Market, By Product Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Cocoa Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Cocoa Butter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Cocoa Liquor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  8. Global Cocoa Market, By Application, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Confectionery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Functional Food
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Bakery Items
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Cosmetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million)
  9. Global Cocoa Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Nature, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Process, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • The Barry Callebaut Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Hershey Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nestlé S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cargill Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Puratos Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cémoi
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mars, Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Blommer Chocolate Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Meiji Holdings Company, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Carlyle Cocoa
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jindal Cocoa
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • United Cocoa Processor
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  11. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for cocoa is estimated to surpass US$ 15,065.0 million by 2027, exhibiting a CAGR of 3.4% between 2020 and 2027.
Increasing production of cocoa coupled with the rising adoption of advanced technology for processing and manufacturing of cocoa is projected to bolster the market growth. Improvement in the farming techniques helps in the high yield production of cocoa and this is increasing the supply of cocoa. Thus growing adoption of the advance farming techniques for cocoa is expected to spur the market growth over the forecast period.
The cocoa market is expected to exhibit a CAGR of 3.4% during the forecast period (2020-2027).
Major players operating in the global cocoa market include The Barry Callebaut Group, The Hershey Company, Nestlé S.A., Cargill Incorporated, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., Carlyle Cocoa, Jindal Cocoa, and United Cocoa Processor
Lack of knowledge about advanced farming techniques among farmers of developing region along with the challenges associated with the selling of cocoa is projected to hamper the market growth.
The expansion of the online retail channel is expected to add immense growth to the market of cocoa. Moreover, increasing purchasing power of consumers coupled with changing eating habits and rising adoption of a healthy lifestyle is further projected to propel the market growth of the cocoa over the forecast period.
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