Rising popularity of cocoa based products such as cocoa drinks, chocolate, cocoa butter and cocoa liquor is boosting the growth of the global cocoa market. Over the recent years, demand for cocoa products, especially chocolate has surged in emerging countries such as India and China. Moreover, introduction of cocoa based health drinks and a range of new chocolate confectionary items is also driving the global consumption of cocoa.
On the other hand, high cost of production and inadequate supply of cocoa are posing a major challenge to the market. Weather plays a key part in determining the quality and quantity of cocoa beans that are cultivated each year, hence unfavorable weather conditions can lead to low yield, which remains a major concern for the overall cocoa market.
The cocoa market is expected to observe an intense competitive scenario among existing as well as emerging market players.
Key market players operating in the cocoa market include
- Cargill Inc
- Olam International Ltd
- Barry Callebaut AG
- Guan Chong Cocoa Manufacturers Sdn.
- Natra SA
- Touton SA
- BT COCOA
- Dutch Cocoa BV
- Blommer Chocolate Company
- JB Foods
- Cemoi Chocolatier SA.
The report further discusses the market taxonomy based on the segments like product type, form type, process type and applications.
Based on the product type, the report elaborates estimations on cocoa liquor, cocoa powder and cocoa butter. Cocoa market is further segmented on the basis of processing of cocoa such as Dutch process and Natural process.
From the geographical point of view, the regional analysis of the market has been represented in the following regions
- North America
- Latin America
- CIS & Russia