Global Cocoa Market Growth 2019-2024 – ResearchbyMarkets.com

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A cocoa processing plant transforms cocoa beans into three main components: cocoa liquor and cocoa butter and cocoa powder. These components can be used to make different products. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds.
Cocoa industry is highly mature. Currently, there are many producing companies in the Cocoa & Chocolate industry. The main players are Barry Callebaut, Cargill, Nestle SA, Mars and Hershey. The market can be broadly categorized as open market and captive market. Barry Callebaut is the market leader in open market while for captive market the market is dominated by Nestle SA, Mars and Hershey.
In consumption market, the global consumption value of Cocoa increases with the 2.15% average growth rate from 2014-2018. Europe is the mainly consumption region due to the bigger demand of downstream applications. Europe occupied 54.57% of the global consumption volume in total in 2018.

According to this study, over the next five years the Cocoa market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 15080 million by 2024, from US$ 13580 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Cocoa business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Cocoa market by product type, application, key manufacturers and key regions and countries.

This study considers the Cocoa value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cocoa Liquor
Cocoa Butter
Cocoa Powder
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Confectionery
Food and Beverage
Cosmetics
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer (FUJI OIL)
Olam
Puratos
CĂ©moi
Irca
Foley’s Candies LP
NATRA
Kerry Group
Valrhona
Guittard
Ferrero
Ghirardelli
Alpezzi Cocoa & Chocolate
Republica del Cacao
TCHO

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Cocoa consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cocoa market by identifying its various subsegments.
Focuses on the key global Cocoa manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cocoa with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Cocoa submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.


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