The Global Cocoa Products market is expected to grow from Billion USD in 2020 to Billion USD in 2028 at a CAGR of XX%. Cocoa is a product obtained by processing the seeds of the cocoa tree. Cocoa trees are grown in almost all tropical regions of West Central Africa, Asia and other parts of the world. A wide variety of products can be produced from cocoa beans such as cocoa beans, cocoa butter, cocoa powder and cake, cocoa mass and liquor as well as chocolate. Cocoa powder is most often used to produce cocoa mass and chocolate confectionery which is used to make desserts. Cocoa butter is widely used in the cosmetic and pharmaceutical industries to make skin care products such as lotions, creams, and body butter, among others. Cocoa liquor is either used on its own or mixed with other products to make confections such as liquor chocolates. Cocoa is a highly concentrated powder used in beverages and as a flavoring ingredient.
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Global drivers and brakes of cocoa products:
Cocoa powder contains many health benefits such as improved nitric oxide levels, reduced risk of heart attack, improved brain function, among others. Cocoa is rich in polyphenols that help reduce inflammation, improve blood circulation, improve cholesterol and blood sugar levels, and reduce blood pressure. Cocoa is particularly rich in flavanols which contain anti-inflammatory and antioxidant effects and improve nitric oxide levels in the blood. Cocoa products may also help improve a person’s mood and symptoms of depression due to the presence of flavanols which convert tryptophan into serotonin, a natural mood stabilizer. Moreover, the polyphenols present in cocoa products are extremely beneficial for the skin as they moisturize the skin, provide sun protection and also improve the surface texture of the skin. Hence, these health benefits are expected to significantly boost the growth of cocoa products market.
Cocoa butter is a kind of fat derived from cocoa beans. Researchers have found that compounds known as phytochemicals in cocoa help keep your skin hydrated and healthy. Cocoa butter is rich in fatty acids that improve elasticity, moisturize and nourish the skin. Phytochemicals improve blood flow to the skin and protect the skin from skin-damaging UV rays, thereby slowing down skin aging. Cocoa butter has also been claimed to reduce rashes due to eczema and dermatitis as well as to prevent stretch marks during and after pregnancy.
Factors restraining the growth of the global cocoa products market include limited production of cocoa, price volatility of imported beans and cocoa farmers have turned to growing different flowers with immoderate yield that hamper the growth of the market.
- Impact on market size
- End-user trend, preferences and budget impact
- Regulatory Framework/Government Policies
- Strategy of key actors to fight against negative impacts
- window of opportunity
Global Cocoa Products Market Segments:
The global cocoa products market is further segmented into product type, application, and geography.
By product type: Cocoa beans, cocoa butter, cocoa powder and cake, cocoa paste and liquor and chocolate
Per application: Confectionery, food and beverages, cosmetics and pharmaceuticals, bakery, functional foods and others
Key region/countries covered
- North America (United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
- Rest of the world (Middle East & Africa and South America)
Europe dominates the cocoa products market owing to the presence of a mature market in Europe which has an extremely stable retail infrastructure, growing consumption of cocoa products and beverages as people’s disposable income increases. Additionally, increasing demand for chocolate products such as dark chocolate, milk chocolate, white chocolate, and drinking chocolate is also contributing to the growth of this market. Additionally, the health benefits associated with cocoa consumption such as relief from blood pressure and other neurodegenerative diseases are further fueling the growth of the cocoa products market in the European region. Asia-Pacific holds a major share of the cocoa products market and is expected to witness considerable growth over the forecast period owing to high demand attributed to its anti-depressant, anti-inflammatory and anti-inflammatory properties. oxidizing.
|Market Size (2020)||billions of dollars|
|CAGR (2021 to 2028)||More than XX%|
|Market segmentation||Product type, application|
|Profiled companies||Cargill, Incorporated, Ciranda, Inc., FUJI OIL CO. LTD, Guan Chong Berhad, Puratos Group, The Hershey Company, Touton SA, Tradin Organic, United Cocoa Processor, Inc, Internatural|
|Country covered||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Norway, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Hong Kong, Rest of Asia-Pacific, South America, Middle East and Africa, Brazil, Argentina, Saudi Arabia, United Arab Emirates, Iran, Iraq, South Africa, Oman|
|Forecast years||2022 to 2028|
Main actors of Global Cocoa Products Market:
- Cargill, Incorporated
- Ciranda, Inc.
- FUJI OIL CO. LTD
- Guan Chong Berhad
- Puratos Group
- The Hershey Company
- Touton SA
- Organic Tradition
- United Cocoa Processor, Inc.
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Answers to the main questions posed in the report:
- The impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market size and forecast from 2020 to 2028?
- Key players associated with the global cocoa products market
- Global Cocoa Products Market Value Chain Analysis
- What is the CAGR of the global cocoa products market from 2021 to 2028
- Major growth driver, challenges, trends and opportunities in the global market
- Main results of the SWOT analysis
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