Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 1.80 Billion |
| USD 3.61 Billion | |
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Global Cocoa-based Confectionery Market, By Cocoa Type (Cocoa Butter, Cocoa Beans, Cocoa Powder, Liquor), Distribution Channel (Direct, Indirect), Application (Food & Beverage, Cosmetics, Confectionery, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029.
The cocoa-based confectionery market is an example of a non-age-restricted segment. For the vast majority of the world's population, age has never been an impediment to indulging in cocoa-based to satisfy their taste buds. For over a decade, the market has been growing steadily, and innovations in flavours and textures are contributing to the market's expansion. Furthermore, the growing number of consumers drawn to the outlandish trends of organic cocoa-based and no added sugar cocoa-based is fuelling such experiments, thereby contributing to the cocoa-based confectionery market.
Data Bridge Market Research analyses that the cocoa-based confectionery market which was growing at a value of USD 1.8 billion in 2021 is expected to reach the value of USD 3.61 billion by 2029, at a CAGR of 9.10% during the forecast period OF 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Cocoa Type (Cocoa Butter, Cocoa Beans, Cocoa Powder, Liquor), Distribution Channel (Direct, Indirect), Application (Food & Beverage, Cosmetics, Confectionery, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Barry Callebaut (Switzerland), Olam International (Singapore), The Hershey Company (U.S.), Nestle SA (U.S.), Ingredion Incorporated (U.S.), Mars, Incorporated (U.S.), DSM (Netherlands), Kerry Group plc (Ireland), Tate & Lyle PLC (U.K.), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies L.P. (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy)
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Opportunities
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Market Definition
The cocoa or cocoa bean is the seed of the Theobroma cacao (cacao tree), a tropical plant native to the Americas' equatorial regions. Cocoa is the cacao tree's dried and fermented seed used to make cocoa liquor. This cocoa liquor is used to make cocoa butter and cocoa powder. Cocoa liquor is the primary raw material used in the production of chocolate. Cocoa products such as cocoa butter, cocoa powder and cocoa liquor, are widely used in the production of confections, as flavouring in beverages, as toppings in various foods, and as fillings in bakeries.
Drivers
One of the key trends driving the evolution of the cocoa-based confectionery market is advancements in online retail. Convenience stores, specialty stores, supermarkets, drug stores, and hypermarkets are large product distribution channels. Continuous efforts by retailers and manufacturers to expand their supply and distribution chain have played an important role in increasing access to products in the cocoa-based confectionery market.
Diversification of products according to the needs
The constant desire to try new ethnic flavours and tastes is a major driving force in the cocoa-based confectionery market. Over the years, the cocoa-based industry has shifted its focus to producing healthier products. The growing health-conscious population is driving this trend, particularly in emerging economies. The evolution of the cocoa-based confectionery market has been fuelled by advances in organised retail in developing regions.
Opportunity
The ease of payment for products through online channels and the wide range of cocoa-based flavours and textures are important factors driving the popularity of e-commerce in the cocoa-based confectionery market. Furthermore, cocoa-based confectionery is increasingly being used in the formulation of a wide variety of beverages and confectionery products, such as cakes, milkshakes, croissants, and hot cocoa-based, which is contributing to the global cocoa-based confectionery market's growth.
Restraints
However, the easy availability of product substitutes, stringent government regulations pertaining to quality standardisation, and supply chain disruptions caused by the pandemic will limit the scope of growth for the cocoa-based milk market. The high cost of R&D activities, as well as the volatility of raw material prices, will stymie the cocoa-based confectionery market's growth rate. Other market growth restraints include rising obesity prevalence, high sugar levels in patients, and a rising incidence rate of diabetes globally.
This cocoa-based confectionery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cocoa-based confectionery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The COVID-19 outbreak has had a significant impact on the confectionery market. The strict rules and lockdown implemented throughout 2020 have had an impact on the confectionery industry, causing differential impact on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and affecting the workforce at the industrial level. One of the major factors affecting the confectionery industry during the lockdown was a drop in sales as a result of decreased gifting and impulse buying among consumers worldwide.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The cocoa-based confectionery market is segmented on the basis of cocoa type, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Cocoa type
Application
Distribution channel
The cocoa-based confectionery market is analysed and market size insights and trends are provided by country, cocoa type, distribution channel and application as referenced above.
The countries covered in the cocoa-based confectionery market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominated the global market and is expected to do so again during the forecast period. This region's expansion can be attributed to rising demand for sugar confectionery products such as chocolates from emerging markets such as India and China. Furthermore, rising consumer health consciousness is expected to drive demand for cocoa-based foods in Asia-Pacific.
North America accounted for a sizable portion of global revenue, owing to rising consumer preference for healthy living and increased spending on nutritional dietary supplements. Furthermore, the presence of key manufacturers like Mars Inc., Lindt, and Barry Callebaut has boosted product penetration in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The cocoa-based confectionery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cocoa-based confectionery market.
Some of the major players operating in the cocoa-based confectionery market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Cocoa Based Confectionary Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Cocoa Based Confectionary Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.