Global Cocoa Processing Equipment Market, By Bean Type (Forastero, Criollo, Trinitario), Product Type (Cocoa Liquor, Cocoa Powder, Cocoa Butter), Application (Confectionery, Bakery, Beverages, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029.
Cocoa Processing Equipment Market Analysis and Size
Magnesium and copper, which are abundant in cocoa-based goods, help to elevate mood, increase protein synthesis and energy production, and enhance glucose metabolism, brain growth, and iron transportation. They also help to improve mood. One of the main elements favorably affecting the market is this, together with the general public's increased awareness of the health benefits of cocoa beans.
Global cocoa processing equipment market was valued at USD 3,600 million in 2021 and is expected to reach USD 5524.87 million by 2029, registering a CAGR of 5.5% 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.
Cocoa Processing Equipment Market Scope and Segmentation
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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 Million, Volumes in Units, Pricing in USD
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Segments Covered
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Bean Type (Forastero, Criollo, Trinitario), Product Type (Cocoa Liquor, Cocoa Powder, Cocoa Butter), Application (Confectionery, Bakery, Beverages, Pharmaceuticals, Others)
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Countries Covered
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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).
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Market Players Covered
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Cargill, Incorporated (U.S.), Barry Callebaut (Switzerland), Natra (Spain), Touton S.A. (France), Olam Group (Singapore), Kuruvilla & Sons (India), Nestlé S.A. (Switzerland), JB Cocoa (Malaysia), Ecuakao Group Ltd (Eucador), ALTINMARKA (Turkey), MONER COCOA, S.A. (Spain), Indcre S.A. (Spain), Puratos (Belgium), Blommer Chocolate Company (U.S.), Guan Chong Berhad (GCB) (Malaysia), United Cocoa Processor, Inc. (U.S.), ciranda, inc. (U.S.), TRADIN ORGANIC AGRICULTURE B.V. (Netherlands), Huyser Möller (Netherlands), Sucden (France), Ecom Dutch Cocoa (Barcelona) among many others.
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Market Opportunities
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Market Definition
The process of turning cocoa beans into goods like cocoa liquor, powder, and butter is known as cocoa processing. Magnesium, a mineral abundant in these cocoa-based goods, helps to produce energy and catalyse the creation of proteins. They are also referred to as superfoods since they might improve mood and mental function.
Cocoa Processing Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising number of health benefits
Due to its potent antioxidant source and ability to lower cholesterol levels, which can lower the risk of cardiovascular issues, chocolate consumption has increased for health-related reasons. Additionally, eating chocolate helps to prevent cognitive decline by enhancing blood flow and lowering blood pressure, both of which enhance brain function. More chocolate processing equipment will be installed worldwide as chocolate consumption rises.
- Opportunities presented by increased cocoa applications
Apart from the chocolate sector, there are many other uses for cocoa, such as in baking, milk and beverage goods, cosmetics, and pharmaceuticals. Products produced from cocoa, such cocoa butter, are used to cure chapped lips and to moisturize the skin in over-the-counter personal care products like lotions, lip balls, creams, and soap bars. They are also utilized as coating and flavoring agents in a number of vitamins and medications.
Furthermore, the factors such as rising urbanization, industrialization and mounting number of chocolate manufacturers are some other important market drivers. Additionally, improved standard of living of people in the developing territories and increasing per capita income are anticipated to drive the growth rate of the market.
Opportunities
- Growth and expansion
Growth and expansion of the food and beverages especially in the developing economies will present very many opportunities for the growth of the market. Keeping up with advancements in manufacturing/production technology may also be beneficial for the market as a whole.
Restraints/Challenges
- Availability of substitutes
Large scale availability of alternate products that are healthier and more beneficial to health will further derail the market growth rate. Easy availability of such products via both online and offline modes of distribution in combination with availability of counterfeit products will yet again impede the market growth rate.
This cocoa processing equipment 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 processing equipment 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.
COVID-19 Impact on Cocoa Processing Equipment Market
The COVID-19 pandemic had a huge influence on the world economy, especially during the first two quarters of 2020, when widespread lockdowns and social segregation became the norm. Due to the introduction of trade restrictions and the abrupt interruption of industrial activity, it also had an impact on the cocoa processing equipment industry. However, the relaxing of these restrictions over time is anticipated to provide the market a boost.
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.
Cocoa Processing Equipment Market Scope
The cocoa processing equipment market is segmented on the basis of bean type, product type and application. The growth amongst these segments will help you analyze 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.
Bean Type
- Forastero
- Criollo
- Trinitario
Product Type
- Cocoa Liquor
- Cocoa Powder
- Cocoa Butter
Application
- Confectionery
- Bakery
- Beverages
- Pharmaceuticals
- Others
Cocoa Processing Equipment Market Regional Analysis/Insights
The cocoa processing equipment market is analyzed and market size insights and trends are provided by country, bean type, product type and application as referenced above.
The countries covered in the cocoa processing equipment market report are 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).
During the forecast period, Europe is expected to account for a sizable portion of the global market for cocoa processing equipment. This can be attributed to the increase in the rate of consumption of dark chocolates on the region.
Over the forecast period, Asia-Pacific is anticipated to have the greatest CAGR. Over the course of the forecast period, it is expected that the demand for cocoa processing equipment in the region will rise as governments in various economies, like China and India, relax their regulations coupled with increasing personal disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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.
Competitive Landscape and Cocoa Processing Equipment Market Share Analysis
The cocoa processing equipment 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 processing equipment market.
Some of the major players operating in the cocoa processing equipment market are
- Cargill, Incorporated (U.S.)
- Barry Callebaut (Switzerland)
- Natra (Spain)
- Touton S.A. (France)
- Olam Group (Singapore)
- Kuruvilla & Sons (India)
- Nestlé S.A. (Switzerland)
- JB Cocoa (Malaysia)
- Ecuakao Group Ltd (Eucador)
- ALTINMARKA (Turkey)
- MONER COCOA, S.A. (Spain)
- Indcre S.A. (Spain)
- Puratos (Belgium)
- Blommer Chocolate Company (U.S.)
- Guan Chong Berhad (GCB) (Malaysia)
- United Cocoa Processor, Inc. (U.S.)
- ciranda, inc. (U.S.)
- TRADIN ORGANIC AGRICULTURE B.V. (Netherlands)
- Huyser Möller (Netherlands)
- Sucden (France)
- Ecom Dutch Cocoa (Barcelona)
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