North America Cocoa Products Market, By Type of Cocoa (Forastero Cocoa, Criollo Cocoa and Trinitario Cocoa), Product Type (Cocoa Butter, Cocoa Beans, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs and Others), Source (Inorganic and Organic), Application (Food & Beverages, Dietary Supplements, Personal Care & Cosmetics and Others), Distribution Channel (Direct and Indirect), Country (U.S., Canada, Mexico) Market Trends and Forecast to 2027
Market Analysis and Insights: North America Cocoa Products Market
Cocoa products market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 4.6% in the forecast period of 2020 to 2027and expected to reach USD 5,922.11 million by 2027. Increasing demand of cocoa products due to the health awareness of cocoa is the factors for the market growth.
The consumption of the cocoa products can help to control the heart and blood pressure diseases. So, the increase in the awareness of the cocoa products on health will help to boost the cocoa products market. With the increasing in industrial application of cocoa, the demand for the cocoa will increase which will help to drive the cocoa products market. High sugar content in the cocoa products will be the restraining factor for the cocoa products market.
North America region is dominating due to increase demand for cocoa products to control heart diseases and blood pressure problems which is increasing the demand for the cocoa products in the region.
This cocoa products market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Cocoa products Market Scope and Market Size
North America cocoa products market is segmented on the basis of type of cocoa, product type, source, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type of cocoa, North America cocoa products market is segmented into forastero cocoa, criollo cocoa and trinitario cocoa. Forastero cocoa is dominating in North America among all the segments because of forastero cocoa crops have no harmful health effects and production of cocoa crops is maximum.
- On the basis of product type, North America cocoa products market is segmented into cocoa butter, cocoa beans, cocoa powder & cake, cocoa liquor & paste, cocoa nibs and others. Cocoa beans segment is dominating in the region due to the easy availability of the roasted cocoa beans which is used in the chocolate industry for the manufacturing of the dark chocolate.
- On the basis of source, North America cocoa products market is segmented into organic and inorganic. Inorganic segment is dominating the region since majority of the cocoa beans are produced using conventional method due to their cost effectiveness to small growers in the region.
- On the basis of application, North America cocoa products market is segmented into food & beverages, dietary supplements, personal care & cosmetics and others. Food & beverages is dominating the region due to increasing demand of dark chocolate products in bakery and confectionary products.
- On the basis of distribution channel, North America cocoa products market is segmented into direct and indirect. Direct is dominating the North America market as direct channel become easy for the manufacture for the bulk purchasing of the cocoa products for producing chocolate.
Cocoa Products Market Country Level Analysis
North America cocoa products market is analysed and market size information is provided by country, type of cocoa, product type, source, application and distribution channel as referenced above
The countries covered in the cocoa products market report are U.S., Canada and Mexico in North America.
In North America, the U.S. is dominating the market due to increasing demand of the organic cocoa cosmetics product in the country along with increasing use of cocoa in cosmetics and pharmaceutical industries. This is the reason why the usage of cocoa products demand has increased in the region.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rise in Awareness Regarding Health Benefits of Cocoa in Cocoa Products Market
North America cocoa products market also provides you with detailed market analysis for every country growth in installed base of different kind of products for cocoa products market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the cocoa products market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Cocoa Products Market Share Analysis
North America cocoa products 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, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America Cocoa products market.
The major players covered in the report are Cargill, Incorporated, NATRA, TOUTON S.A., JBCOCOA Sdn. Bhd., Ecuakao Group Ltd, Blommer Chocolate Company, Guan Chong Berhad, UNITED COCOA PROCESSOR, INC., ciranda, inc. among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instances,
- In 2019 Cargill, Incorporated acquired Smet, one of the supplier of chocolates and sweet decorations in Belgium. This will bring these companies together along with their global gourmet chocolate activities. This has helped the company to increase their customer base and also helped them to focus on its new product portfolio.
- In 2018 Touton S.A. company’s digital technology and satellite imagery have been designed to create individual Farm Development Plans (FDPs) to guide farmers over a seven-year period to help enter the SAT4Farming project. This development helped to increase the revenue in near future.
SKU-