Global Dark Roast Cocoa Market, By Source Type (Conventional, Organic), Application (Bakery Items, Beverages, Confectionary, Cosmetics, Functional Foods, Pharmaceuticals), Process (Dutch, Natural), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Dark roast cocoa market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.00% in the above-mentioned forecast period. Increase in awareness of health benefits regarding the consumption of cocoa-rich products drives the dark roast cocoa market.
Cocoa is generally cultivated primarily in countries located in around the rainforests and equatorial belt due to rising favourable climatic conditions. It is obtained from the fatty bean of the Theobroma tree. Cocoa beans are fermented and dried before being processed to extract oil, butter, powder, and liquor along with other residual solids. Cocoa is extracted from three common plants which include forastero, criollo, and trinitario.
Rising widening scope for cocoa powder applications is a vital factor escalating the market growth, also consistently rising demand for chocolates, increasing application in pharmaceutical industry, rising preference for dark chocolate, rising end-use in numerous industries, such as bakery, confectionery, beverages, cocoa is one of the most beneficial cosmetic ingredients for promoting healthy skin and thus, is being extensively used in the cosmetics industry and rising availability of chocolates in different flavors including mint, vanilla, and coffee are the major factors among others driving the dark roast cocoa market briskly. Moreover, rising research and development activities, increasing modernization in the new products offered in the market, rising consumer preference for chocolate syrups, rising demand for dark chocolates, and hiking popularity of Fairtrade-certified cocoa products will further create new opportunities for dark roast cocoa market in the forecast period of 2021- 2028.
However, increasing prices for cocoa products, population shifting away from farms towards urban areas, lack of investment in cocoa plantations, declining soil fertility levels, aging workforce engaged in cocoa production and adverse weather conditions are the major factors among others acting as restraints, and will further challenge the dark roast cocoa market in the forecast period.
This dark roast cocoa market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 dark roast cocoa market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Dark roast cocoa market is segmented on the basis of source type, application, process and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of source type, the dark roast cocoa market is segmented into conventional and organic.
- Based on application, the dark roast cocoa market is segmented into bakery items, beverages, confectionary, cosmetics, functional foods and pharmaceuticals.
- Based on process, the dark roast cocoa market is segmented into dutch and natural.
- The dark roast cocoa market is also segmented on the basis of distribution channel into online and offline.
Global Dark Roast Cocoa Market Country Level Analysis
Dark roast cocoa market is analysed and market size insights and trends are provided by country, source type, application, process and distribution channel as referenced above.
The countries covered in dark roast cocoa market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
Western Europe dominates the dark roast cocoa market due to rising demand of cocoa products in this region and the rising presence of major manufacturers in this region. North America holds the second largest share in the dark roast cocoa market due to the rising consumption of cocoa beans and butter applied in food and beverages sector and the rising preference of coffee flavour have made their preferences among American consumers in this region. In Asia-Pacific region, Japan market is leading the growth due to increased consumption cocoa liquors and cocoa butters products in food and pharmaceutical sector and has led their growth.
The country section of the dark roast cocoa market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Dark Roast Cocoa Market Share Analysis
Dark roast cocoa 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 dark roast cocoa market.
The major players covered in the dark roast cocoa market report are Olam International, Cargill, Incorporated, Barry Callebaut, NATRA, TOUTON S.A., Kuruvilla & Sons, Nestle, JBCOCOA Sdn. Bhd., Ecuakao Group Ltd, ALTINMARKA, MONER COCOA, S.A., Indcre S.A., PURATOS, Blommer Chocolate Company, Guan Chong Berhad (GCB), UNITED COCOA PROCESSOR, INC., ciranda, inc., TRADIN ORGANIC AGRICULTURE B.V., Huyser Möller, Sucden, Plot Enterprise Ghana Ltd, Ecom Dutch Cocoa, FTN Cocoa Processors PLC, Jindal Cocoa other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.