Cocoa and Chocolate Market size is valued at USD 74.39 billion by 2027 and is expected to grow at a compound annual growth rate of 5.2% in the forecast period of 2020 to 2027 due to the growing demand for fair-trade chocolates and the consumer’s inclination towards healthy snacking which is primarily driving the market growth rate.
Beside this, the low penetration rate in growing countries and the rising usage of chocolates as a functional food will produce lucrative opportunities for the growth of the cocoa and chocolate market.
Cocoa and Chocolate Market Scenario
According to Data Bridge Market Research the market for cocoa and chocolate is accelerating because of the wide range of products and brand portfolio as well as well-established brands. Also the, various health benefits associated with cocoa and chocolate products and the rising usage of cocoa due to its antioxidant content are also expected to fuel the demand of the cocoa and chocolate market over the forecast period of 2020 to 2027. Whereas, the changing consumer’s preferences along with easy availability of counterfeit products will hamper the growth of the cocoa and chocolate market in the above mentioned forecast period.
Now the question is which the other regions that cocoa and chocolate market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to strong presence of more satisfying and prominent market for chocolate manufacturers within the region.
For more analysis on the cocoa and chocolate market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-cocoa-and-chocolate-market
Cocoa and Chocolate Market Development
- In December 2019, Nestlé had launched the KitKat Chocolatory Cacao Fruit Chocolate, this is a first product to use a chocolate made exclusively from the cocoa fruit. This KitKat wafer is coated with a 70% dark chocolate which uses the beans and pulp from the cocoa fruit as the only ingredients. This launch will help the company to expand its product portfolio in the market.
Cocoa and Chocolate Market Scope
Cocoa and chocolate market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
- All country based analysis of cocoa and chocolate market is further analyzed based on maximum granularity into further segmentation. On the basis of chocolate type, the cocoa and chocolate market is segmented into dark, white, filled and milk. Based on cocoa type, the cocoa and chocolate market is segmented into cocoa butter, cocoa powder and cocoa liquor. Based on the application, the cocoa and chocolate market is segmented into confectionary, cosmetics, pharmaceuticals and food & beverage. The cocoa and chocolate market is also segmented on the basis of distribution channel. The distribution channel is segmented into sales channel, distributors, traders and dealers.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-cocoa-and-chocolate-market
Key Pointers Covered in the Cocoa and Chocolate Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Cocoa Processing Company Ltd
- Cargill, Incorporated
- Blommer Chocolate Company
- Barry Callebaut
- Cemoi
- Meiji Holdings Co. Ltd
- Puratos Group
- Olam International
- Mars Inc
- Nestle
- ADM
- Bunge
- Indcresa
- JB Foods Limited
- Plot Enterprise Ghana Ltd
- Dutch Cocoa
- Touton S.A.
- Chocomac Ghana Limited
- NICHE COCOA INDUSTRY LTD
Above are the key players covered in the report, to know about more and exhaustive list of cocoa and chocolate companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-cocoa-and-chocolate-market
Research Methodology of Global Cocoa and Chocolate Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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