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Demand for Chocolate to Drive the Global Cocoa Market

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Demand for Chocolate to Drive the Global Cocoa Market

January 26
21:16 2022
Demand for Chocolate to Drive the Global Cocoa Market
Cocoa Market
According to a new market research report launched by Inkwood Research, the Global CocoaMarket is projected to showcase a growth rate of 3.94% during the forecasting years 2021-2028. The market is estimated to reap revenue worth $16772.02 million by 2028.

According to a new market research report launched by Inkwood Research, the Global CocoaMarket is projected to showcase a growth rate of 3.94% during the forecasting years 2021-2028. The market is estimated to reap revenue worth $16772.02 million by 2028.

Browse 58 market data Tables and 48 Figures spread over 165 Pages, along with in-depth analysis on the Global Cocoa Market byProcess, Quality, Product, Type, Application, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Cocoa Market Scenario

Globally, the rise in chocolate consumption rate has enhanced the demand for cocoa. Earlier, Europe and the Americas were the major consumers of chocolate; however, emerging economies in the Asia-Pacific have witnessed high demand for cocoa products in recent years. In this regard, the high population base in China and India drives the majority of chocolate demand. Social media and advertising strategies have changed people’s mindsets relating to chocolate. Additionally, the rise in bakery shops and restaurants has strengthened the cocoa market’s position in these nations.

Other factors influencing the studied market’s progress include an increase in disposable income and high demand for premium quality chocolates with high cocoa content. Thus, the rise in chocolate consumption ultimately widens the scope of the cocoa market.

Cocoa production, however, is affected by complex economic, social, and environmental issues, including poverty, child labor, and deforestation. The production of cocoa beans is labor-intensive, with farmers having limited knowledge of modern farming techniques. Thus, low productivity is majorly impeding the cocoa market’s development.

The Global CocoaMarket report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Cocoa Market by Process, Quality, Product, Type, Application, & by Geography: https://inkwoodresearch.com/reports/cocoa-market/#request-free-sample

Market Segmentation

Market by Process

  • Dutch-Process
  • Natural Process

Market by Quality

  • Bulk
  • Specialty
  • Fine Flavor

Market by Product

  • Cocoa Liquor
  • Cocoa Powder
  • Cocoa Butter

Market by Type

  • Conventional
  • Organic

Market by Application

  • Confectionary
  • Food & Beverage
  • Bakery
  • Other Applications

 

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2028, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2028

 

Companies Profiled

  • ARCHER DANIELS MIDLAND (ADM)
  • BARRY CALLEBAUT AG
  • BLOOMER CHOCOLATE COMPANY
  • CARGILL INCORPORATED
  • FERRERO GROUP
  • GUAN CHONG BERHAD
  • LINDT & SPRÜNGLI AG
  • MEIJI HOLDINGS CO LTD
  • MONDELEZ INTERNATIONAL INC
  • NATRA SA
  • NESTLE SA
  • OLAM INTERNATIONAL LTD
  • PURATOS GROUP
  • THE HERSHEY COMPANY
  • TOUTON SA

 

Related Reports

GLOBAL PLANT-BASED FOOD AND BEVERAGE MARKET  – The global plant-based food and beverage market is anticipated to rise at a growth rate of 9.29% over the forecast period 2021-2028.

GLOBAL FOOD FLAVORS MARKET – The global market for food flavors is expected to progress at a CAGR of 4.32% over the forecasted period from 2019 to 2028.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: 1-(857) 293-0150
Country: United States
Website: https://www.inkwoodresearch.com/