Cocoa is presently grown in practically every tropical location, from West and Central Africa to Asia and Oceania. It originated in Latin America. Cocoa seeds are widely used to manufacture cocoa butter, cocoa liquor, and cocoa powder, among many other things. The increasing consciousness of health benefits associated with the utilization of cocoa-rich products pushes the growth of the cocoa products market. It has been witnessed that Cote d'Ivoire is the largest of the cocoa-producing regions that produces just more than 30 % of the world's cocoa. It is followed by Ghana and Indonesia which altogether supply just under 35 % of the global cocoa output.
According to Data Bridge Market Research the Europe Cocoa Products Market was valued at USD 11369.44 million in 2021 and is expected to reach the value of USD 18258.38 million by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029.
“Growing Awareness about Benefits of Cocoa Products”
The market for cocoa products is increasing as people are becoming more aware of the health benefits of eating cocoa-rich foods. Cocoa helps in the reduction of hypertension, the increasing cases of chronic fatigue syndrome, the prevention of sunburn, and a number of other health benefits to the human body. Polyphenols in cocoa help to protect the body's tissues against oxidative stress and associated diseases, including cancer and inflammation. These reasons are also boosting the market for cocoa products to grow.
What restraints the growth of Europe Cocoa Products Market?
“Side Effects of Cocoa”
Cocoa is made up of caffeine and associated chemicals. Thus, eating large amounts might lead to caffeine-related side effects such as a fast heartbeat, nervousness, increased urination, and sleeplessness. Furthermore, cocoa can also cause allergic skin reactions, and constipation and also instigate migraine headaches. It can also lead to digestive complaints, including intestinal discomfort, nausea, and other stomach-associated issues that act as a major hindrance and reduce the growth of the cocoa products market.
The Europe cocoa products market is segmented on the basis of type of cocoa, product type, source, application and distribution channel.
Regional Insights: Germany is expected to dominate the Europe Cocoa Products Market
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The Prominent Key Players Operating in the Europe Cocoa Products Market Include:
Above are the key players covered in the report, to know about more and exhaustive list of Europe cocoa products market companies contact, https://www.databridgemarketresearch.com/contact
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
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Europe Cocoa Products Market – Industry Trends and Forecast to 2029
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