Global Cocoa Market Report, by Source Type (Conventional and Organic), by Application (Bakery Items, Beverages, Confectionary, Cosmetics, Functional Food, and Pharmaceutical), by Process (Dutch and Natural), and by Product Type (Cocoa Butter, Cocoa Liquor, and Cocoa Powder) and by Geography - Trends and Forecast to 2025

  • Published On : Nov 2017 |
  • Pages : 360 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Cocoa Market-Insights

Cocoa bean, also called as cacao bean are dried, fully fermented, and processed to extract cocoa butter, cocoa liquor, and cocoa powder. Forastero, trinitario, and criollo are the three main varieties of cocoa plant. Forastero beans are most widely consumed and comprises around 85% of the world production of cocoa.

Major factors propelling growth of the market include growing demand for chocolate and chocolate coatings worldwide. Moreover, wide applicability of cocoa products such as cocoa butter, liquor, and powder, is considered as another factor supporting the overall growth of the market. Cocoa is extensively used in various products, including drinking chocolate, dark chocolate, sweet chocolate, baking chocolate, and milk chocolate. Cocoa products contains high flavonoids concentration, which helps in reducing cardiovascular problems.

However, declining soil fertility, changing climate and weather conditions is adversely affecting the productivity of cocoa beans. According to the World Cocoa Foundation, variation in climate conditions significantly impacts the cultivation of cocoa in a number of ways including pest infestation and reduction in pod weight. Furthermore, the changing climatic conditions will lead to shrinkage of cocoa growing areas in leading cocoa producing countries such as Côte d’Ivoire and Ghana. This stands as one of the major factor restraining growth of the global cocoa market.

Europe held a dominant position, in terms of revenue, in the global cocoa market and is expected to maintain its dominance over the forecast period, witnessing highest CAGR among all. According to the Center for the Promotion of Imports (CBI), Ministry of Foreign Affairs, in 2016, Europe accounted for more than half of global cocoa bean imports, with Germany, the Netherlands and Belgium being the largest importers in the region. Furthermore, the Netherlands is the major direct importer of cocoa beans from emerging economies such as Ivory Coast, Ghana, Cameroon, Nigeria, and Peru. According to CBI, European countries such as Czech Republic, Denmark, Finland, and Slovakia recorded highest annual growth rate in cocoa bean importing from emerging economies between 2010 and 2014. Moreover, the rising demand for specialty chocolate is fuelling demand for fine flavor cocoa in Europe. This in turn, supporting the overall growth of cocoa market in the region.  

Among source types, organic cocoa is expected to record the fastest growth, witnessing highest CAGR during the forecast period. Organic cocoa accounted for a small share in the cocoa market in 2016. Increasing demand for organic cocoa due to the increasing concern regarding the food safety coupled with environmental concerns among consumers.

Based on applications, the cocoa market is segmented into bakery items, beverages, confectionary, cosmetics, functional foods, and pharmaceutical. Among applications, confectionary segment held a dominant position in the market in 2016, and is expected to maintain its dominance over the forecast period, witnessing highest CAGR among all. Cocoa is largely been used in confectionary application, as a colorant and flavor ingredient. Moreover, cocoa powder used in confectionary application increases the nutritional values and the shelf life of the end product.

Figure1.  Global Cocoa Market Share, by Application, 2016 (%)

Cocoa Market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2017

Based on product types, the cocoa market is segmented into cocoa butter, cocoa liquor, and cocoa powder, with cocoa liquor being the major contributor in the growth of global cocoa market in 2016. Cocoa liquor is a pure chocolate and is a mixture of cocoa butter and cocoa powder. It is the key raw material for dark chocolate and milk chocolate. Moreover, it is also used in desserts, drinks, bakery products, ice cream, and ice cream coatings.

Based on process, the market is segmented into dutch and natural process. Dutch process segment held a dominant position in the cocoa market in 2016. It is a type of cocoa that have been washed in the alkaline solution of potassium carbonate, in order to neutralize its acidity. The process also confer a darker color to cocoa powder.

Major players operating in the global cocoa market include Archer Daniels Midland, Blommer Chocolate Company, Barry Callebaut, Cargill Inc., Cocoa Processing Company, Mars Incorporated, Carlyle Cocoa, The Hershey Company, Puratos Group, Lindt &  Sprungli, and United Cocoa Processor Inc.

Cocoa is majorly used to confer flavor, taste, and texture to food. Moreover, cocoa enhances functional and nutritional benefits. This is majorly due to the presence of flavonoids in cocoa. Flavonoid consumption is associated with various health benefits such as reduced risk of cardiovascular problems and blood pressure coupled with the improved blood vessel functioning and cholesterol levels. Furthermore, chocolate is also used to masks the unpleasant taste of medicines. This in turn, increases the cocoa market penetration in pharmaceutical sector.

Market Dynamics

Growing demand for premium and specialty cocoa bean is the major factor contributing to the growth of global cocoa market. Furthermore, increasing awareness regarding the health benefits of consuming flavonoids is propelling the demand for dark chocolate, as it contains high amount of cocoa. This in turn, fueling growth of the cocoa market. Wide applicability of cocoa is considered as another factor driving the market growth. Cocoa is widely used in the manufacturing of dark chocolate, sweet chocolate, milk chocolate, drinking chocolate, bakery, and confectionary products.

Europe held a dominant position in the global cocoa market in 2016, owing to growing demand for high grade and fine flavor cocoa in the region. Fine flavor cocoa beans have higher quality as compared to common grade cocoa beans, owing to their more pronounced organoleptic characteristics such as taste, color and odor.

Key features of the study:

  • This report provides in-depth analysis of the cocoa market, market size (US$ Mn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025)
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global cocoa market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global cocoa market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the cocoa market 

Detailed Segmentation:

  • Global Cocoa Market, By Source Type:
    • Conventional
    • Organic
  • Global Cocoa Market, By Application:
    • Bakery Items
    • Beverages
    • Confectionary
    • Cosmetics
    • Functional Foods
    • Pharmaceuticals
  • Global Cocoa Market, By Process:
    • Dutch
    • Natural
  • Global Cocoa Market, By Product Type:
    • Cocoa Butter
    • Cocoa Liquor
    • Cocoa Powder
  • Global Cocoa Market, By Geography:
    • North America
      • U.S.
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Canada
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
    • Europe
      • U.K.
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Germany
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Italy
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • France
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Spain
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Russia
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Rest of Europe
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
    • Asia Pacific
      • China
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • India
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Japan
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • ASEAN
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Australia
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • South Korea
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Rest of Asia Pacific
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
    • Latin America
      • Brazil
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Mexico
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Argentina
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Rest of Latin America
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
    • Africa
      • North Africa
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Central Africa
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • South Africa
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
    • Middle East
      • GCC
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Israel
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
      • Rest of Middle East
        • By Source Type:
          • Conventional
          • Organic
        • By Application:
          • Bakery Items
          • Beverages
          • Confectionary
          • Cosmetics
          • Functional Foods
          • Pharmaceutical
        • By Process:
          • Dutch
          • Natural
        • By Product Type:
          • Cocoa Butter
          • Cocoa Liquor
          • Cocoa Powder
  • Company Profiles
    • Archer Daniels Midland*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Barry Callebaut
    • Blommer Chocolate Company
    • Cargill Inc.
    • Cocoa Processing Company
    • Mars Incorporated
    • Carlyle Cocoa
    • The Hershey Company
    • Puratos Group
    • Lindt &  Sprungli
    • United Cocoa Processor Inc.

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

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Source Type
      • Market Snippet, By Application
      • Market Snippet, By Process
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Cocoa Market, By Source Type, 2016- 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Conventional
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Organic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
  5. Global Cocoa Market, By Application, 2016 - 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Bakery Items
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Confectionary
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Cosmetics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Functional Foods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
  6. Global Cocoa Market, By Process, 2016 - 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Dutch
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Natural
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
  7. Global Cocoa Market, By Product Type, 2016 - 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Cocoa Butter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Cocoa Liquor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Cocoa Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
  8. Global Cocoa Market, By Region, 2016 - 2025, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016 - 2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • GCC
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Source Type, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Application, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Process, 2016 - 2025, (US$ Million)
          • Market Size and Forecast, By Product Type, 2016 - 2025, (US$ Million)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Archer Daniels Midland
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Barry Callebaut
        • 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
      • Cargill Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cocoa Processing Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mars Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Carlyle Cocoa
        • 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
      • Lindt & Sprungli
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • United Cocoa Processor Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

* Browse 90 market data tables* and 60 figures* on "Cocoa Market” - Global forecast to 2025.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

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