Global Cocoa Market Overview:
According to SPER Market Research, the Global Cocoa Market is estimated to reach USD 20.91 billion by 2032 with a CAGR of 4.51%.
Global cocoa economy has evolved is being aided by skyrocketing prices for chocolate and increased public knowledge of cocoa's health advantages. The introduction of ruby cocoa beans and bean-to-bar chocolates has also expanded the market for cocoa. Bean-to-bar refers to the method of creating chocolate in which the producer controls the product's quality by supervising each stage from the cocoa bean to the finished chocolate bar.
Impact of COVID-19 on the Global Cocoa Market
Nearly every service has been impacted by the unbelievable worldwide public health crisis known as Corona, and the long-term impacts are expected to have an influence on industry growth throughout the course of the projection period. In order to assure the inclusion of underlying Corona concerns and potential future directions, our continuous study expands upon our research approach. The research offers insights on Corona taking into account changes in consumer behavior and demand, buying habits, supply chain rerouting, dynamics of contemporary market forces, and important government initiatives. Perspectives, data, forecasts, and recommendations are provided in the revised report, which takes the market effect of Corona into account.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Process, By Product Type, By Quality, By Nature, By Application |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Barry Callebaut A.G., Blommer Chocolate Co., Cargill Inc., Ciranda Inc., Ferrero International S.A., Fuji Oil Co. Ltd., Guan Chong Cocoa Manufacturer SDN. BHD., Mars Inc., Meiji Holdings Co. Ltd., Nestle S.A., Newtown Foods Inc., Olam International Ltd., Puratos Group N.V., SunOpta Inc., The Hershey Co., Touton S.A., United Cocoa Processor Inc., VJ Jindal Cocoa Private Ltd.
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Global Cocoa Market Segmentation:
By Process: Based on the Process, Global Cocoa Market is segmented as; Dutch Process, Natural Process.
By Product Type: Based on the Product Type, Global Cocoa Market is segmented as; Cocoa Butter, Cocoa Liquor, Cocoa Powder.
By Quality: Based on the Quality, Global Cocoa Market is segmented as; Bulk, Fine Flavor, Specialty.
By Nature: Based on the Nature, Global Cocoa Market is segmented as; Conventional, Organic.
By Application: Based on the Application, Global Cocoa Market is segmented as; Animal Feed, Bakery, Confectionery, Food and Beverages, Pharma and Others.
By Region: Over the expected period, it is predicted that the cocoa market in the Asia-Pacific would grow at the quickest rate. Advancement in cocoa products is to credit for this expansion. In addition, the area has been one of the fastest-growing for chocolate manufacturers due to shifting lifestyles and an increase in cocoa grinding. Rapid urbanisation, better retail distribution, and a rise in disposable income are a few key factors that contribute to the expansion of the cocoa market in the APAC region.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Cocoa Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Cocoa Market, By Process, 2019-2032 (USD Million)
6.1. Dutch Process
6.2. Natural Process
7. Global Cocoa Market, By Product Type, 2019-2032 (USD Million)
7.1. Cocoa Butter
7.2. Cocoa Liquor
7.3. Cocoa Powder
8. Global Cocoa Market, By Quality, 2019-2032 (USD Million)
8.1. Bulk
8.2. Fine Flavor
8.3. Specialty
9. Global Cocoa Market, By Nature, 2019-2032 (USD Million)
9.1. Conventional
9.2. Organic
10. Global Cocoa Market, By Application, 2019-2032 (USD Million)
10.1 Animal Feed
10.2 Bakery
10.3 Confectionery
10.4 Food and Beverages
10.5 Pharma
10.6 Others
11. Global Cocoa Market, By Region, 2019-2032 (USD Million)
11.1 North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2 Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3 Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4 South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5 Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1 Barry Callebaut A.G.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2 Blommer Chocolate Co.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3 Cargill Inc.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4 Ciranda Inc.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5 Ferrero International S.A.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6 Fuji Oil Co. Ltd.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7 Guan Chong Cocoa Manufacturer SDN. BHD.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8 Mars Inc.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9 Meiji Holdinds Co. Ltd.
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10 Nestle S.A.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11 Newtown Foods Inc.
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12 Olam International Ltd.
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13 Puratos Group N.V.
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14 SunOpta Inc.
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15 The Hershey Co.
12.15.1. Company details
12.15.2. Financial outlook
12.15.3. Product summary
12.15.4. Recent developments
12.16 Touton S.A.
12.16.1. Company details
12.16.2. Financial outlook
12.16.3. Product summary
12.16.4. Recent developments
12.17 United Cocoa Processor Inc.
12.17.1. Company details
12.17.2. Financial outlook
12.17.3. Product summary
12.17.4. Recent developments
12.18 VJ Jindal Cocoa Private Ltd.
12.18.1. Company details
12.18.2. Financial outlook
12.18.3. Product summary
12.18.4. Recent developments