Market by Process, Quality, Product, Type, End-user, and Geography | Forecast 2021-2028
Cocoa is a major cash crop of the tropical region extensively used for its beans to manufacture chocolate. As per Triton Market Research, the global cocoa market was valued at $11.707 billion in 2020 and is expected to reach $16.709 billion by 2028, growing at a CAGR of 4.11% during the forecast period 2021-2028.
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Triton’s research report on the cocoa market
provides an in-depth insight into the market. The detailed analysis of the
market includes key insights, Porter’s five force analysis, market attractiveness
index, vendor scorecard, key strategies, and impact of covid-19 on the market.
The market is driven by several factors, such as
the rise in demand for chocolate and consumer awareness regarding the health
benefits of chocolates. Here, the changing lifestyle of consumers is another
factor driving the demand for cocoa products. Chocolates with high cocoa
content are now considered healthy treats because of their nutritional
benefits. The overall change in consumer food habits and increase in the intake
of healthy ingredients increases demand for chocolates, especially dark
chocolates.
Further, bean-to-bar chocolates are one of the
major trends in the cocoa market. Different growth opportunities in the market
include factors such as cocoa powder color trends, single-origin cocoa, and
ruby cocoa chocolates. Moreover, the influence of western food plays an
important role, creating affluent opportunities for the cocoa market.
Conversely, the market is negatively affected due to low productivity and price fluctuations of cocoa. Cocoa farming is labor intensive, with low productivity caused by poor farming techniques, economic and social issues, and lack of knowledge to improve production. Moreover, environmental and political issues also affect the overall cocoa production hindering the global market’s growth.
Key geographies covered in the global cocoa
market are:
• North America: United States and Canada
• Europe:
United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe
• Asia-Pacific:
China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries
and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and
Rest of Middle East & Africa
The segmentation analysis of the cocoa market
includes:
• Process
segment includes:
o Dutch-Process
o Natural Process
• Quality
segment includes:
o Bulk
o Specialty
o Fine Flavor
• Product
segment includes:
o Cocoa Liquor
o Cocoa Powder
o Cocoa Butter
• Type
segment includes:
o Conventional
o Organic
• End-user
segment includes:
o Confectionery
o Food & Beverages
o Bakery
o Other End-users
The key companies competing in the cocoa market
include Meiji Holdings Co Ltd, Nestle SA, Guan Chong Berhad, The Hershey
Company, Archer Daniels Midland, Cargill Incorporated, Barry Callebaut AG,
Natra SA, Lindt and Sprüngli AG, Olam International Limited, Puratos Group,
Ferrero Group, Blommer Chocolate Company, Touton SA, and Mondelez
International.
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VIEW REPORT1. GLOBAL
COCOA MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON COCOA MARKET
2.2. KEY
INSIGHTS
2.2.1. INFLUENCE
OF WESTERN FLAVORS
2.2.2. COCOA
POWDER COLOR TRENDS
2.2.3. SINGLE-ORIGIN
COCOA AND CHOCOLATES
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PRODUCT
DEVELOPMENTS
2.6.3. CONTRACTS
& AGREEMENTS
2.6.4. INVESTMENT
& EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. RISE
IN DEMAND FOR CHOCOLATE
2.7.2. HEALTH
BENEFITS OF COCOA
2.8. MARKET
CHALLENGES
2.8.1. LOW
PRODUCTIVITY
2.8.2. PRICE
FLUCTUATIONS OF COCOA
2.9. MARKET
OPPORTUNITIES
2.9.1. RUBY
COCOA BEANS
2.9.2. BEAN-TO-BAR
CHOCOLATE
3. GLOBAL
COCOA MARKET OUTLOOK - BY PROCESS
3.1. DUTCH-PROCESS
3.2. NATURAL
PROCESS
4. GLOBAL
COCOA MARKET OUTLOOK – BY QUALITY
4.1. BULK
4.2. SPECIALTY
4.3. FINE
FLAVOR
5. GLOBAL
COCOA MARKET OUTLOOK – BY PRODUCT
5.1. COCOA
LIQUOR
5.2. COCOA
POWDER
5.3. COCOA
BUTTER
6. GLOBAL
COCOA MARKET OUTLOOK – BY TYPE
6.1. CONVENTIONAL
6.2. ORGANIC
7. GLOBAL
COCOA MARKET OUTLOOK – BY END-USER
7.1. CONFECTIONERY
7.2. FOOD
& BEVERAGES
7.3. BAKERY
7.4. OTHER
END-USERS
8. GLOBAL
COCOA MARKET – REGIONAL OUTLOOK
8.1. NORTH
AMERICA
8.1.1. MARKET
BY PROCESS
8.1.2. MARKET
BY QUALITY
8.1.3. MARKET
BY PRODUCT
8.1.4. MARKET
BY TYPE
8.1.5. MARKET
BY END-USER
8.1.6. COUNTRY
ANALYSIS
8.1.6.1. UNITED
STATES
8.1.6.2. CANADA
8.2. EUROPE
8.2.1. MARKET
BY PROCESS
8.2.2. MARKET
BY QUALITY
8.2.3. MARKET
BY PRODUCT
8.2.4. MARKET
BY TYPE
8.2.5. MARKET
BY END-USER
8.2.6. COUNTRY
ANALYSIS
8.2.6.1. UNITED
KINGDOM
8.2.6.2. GERMANY
8.2.6.3. FRANCE
8.2.6.4. SPAIN
8.2.6.5. ITALY
8.2.6.6. RUSSIA
8.2.6.7. REST
OF EUROPE
8.3. ASIA-PACIFIC
8.3.1. MARKET
BY PROCESS
8.3.2. MARKET
BY QUALITY
8.3.3. MARKET
BY PRODUCT
8.3.4. MARKET
BY TYPE
8.3.5. MARKET
BY END-USER
8.3.6. COUNTRY
ANALYSIS
8.3.6.1. CHINA
8.3.6.2. JAPAN
8.3.6.3. INDIA
8.3.6.4. SOUTH
KOREA
8.3.6.5. ASEAN
COUNTRIES
8.3.6.6. AUSTRALIA
& NEW ZEALAND
8.3.6.7. REST
OF ASIA-PACIFIC
8.4. LATIN AMERICA
8.4.1. MARKET
BY PROCESS
8.4.2. MARKET
BY QUALITY
8.4.3. MARKET
BY PRODUCT
8.4.4. MARKET
BY TYPE
8.4.5. MARKET
BY END-USER
8.4.6. COUNTRY
ANALYSIS
8.4.6.1. BRAZIL
8.4.6.2. MEXICO
8.4.6.3. REST
OF LATIN AMERICA
8.5. MIDDLE
EAST AND AFRICA
8.5.1. MARKET
BY PROCESS
8.5.2. MARKET
BY QUALITY
8.5.3. MARKET
BY PRODUCT
8.5.4. MARKET
BY TYPE
8.5.5. MARKET
BY END-USER
8.5.6. COUNTRY
ANALYSIS
8.5.6.1. UNITED
ARAB EMIRATES
8.5.6.2. SAUDI
ARABIA
8.5.6.3. TURKEY
8.5.6.4. SOUTH
AFRICA
8.5.6.5. REST
OF MIDDLE EAST & AFRICA
9. COMPETITIVE
LANDSCAPE
9.1. CARGILL
INCORPORATED
9.2. MEIJI
HOLDINGS CO LTD
9.3. NESTLE
SA
9.4. PURATOS
GROUP
9.5. OLAM
INTERNATIONAL LIMITED
9.6. GUAN
CHONG BERHAD
9.7. BARRY
CALLEBAUT AG
9.8. NATRA
SA
9.9. BLOMMER
CHOCOLATE COMPANY
9.10. THE
HERSHEY COMPANY
9.11. MONDELEZ
INTERNATIONAL
9.12. FERRERO
GROUP
9.13. LINDT AND
SPRÜNGLI AG
9.14. ARCHER
DANIELS MIDLAND
9.15. TOUTON
SA
10. RESEARCH
METHODOLOGY & SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.2. SOURCES
OF DATA
10.3. RESEARCH METHODOLOGY
TABLE 1: GLOBAL COCOA MARKET,
BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
DEVELOPMENTS
TABLE 5: LIST OF CONTRACTS
& AGREEMENTS
TABLE 6: LIST OF INVESTMENT
& EXPANSIONS
TABLE 7: THE TOP 10 COCOA
PRODUCING COUNTRIES IN 2021
TABLE 8: GLOBAL COCOA MARKET,
BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 9: GLOBAL COCOA MARKET,
BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL COCOA MARKET,
BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 11: GLOBAL COCOA MARKET,
BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL COCOA MARKET,
BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 13: GLOBAL COCOA MARKET,
BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA COCOA
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA COCOA
MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA COCOA
MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 17: NORTH AMERICA COCOA
MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 18: NORTH AMERICA COCOA
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 19: NORTH AMERICA COCOA
MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 20: EUROPE COCOA MARKET,
BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 21: EUROPE COCOA MARKET,
BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 22: EUROPE COCOA MARKET,
BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 23: EUROPE COCOA MARKET,
BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 24: EUROPE COCOA MARKET,
BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 25: EUROPE COCOA MARKET,
BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC COCOA
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 27: ASIA-PACIFIC COCOA
MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 28: ASIA-PACIFIC COCOA
MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 29: ASIA-PACIFIC COCOA
MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 30: ASIA-PACIFIC COCOA
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 31: ASIA-PACIFIC COCOA
MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 32: LATIN AMERICA COCOA
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 33: LATIN AMERICA COCOA
MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 34: LATIN AMERICA COCOA
MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 35: LATIN AMERICA COCOA
MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 36: LATIN AMERICA COCOA
MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 37: LATIN AMERICA COCOA
MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 38: MIDDLE EAST AND
AFRICA COCOA MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 39: MIDDLE EAST AND
AFRICA COCOA MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)
TABLE 40: MIDDLE EAST AND
AFRICA COCOA MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)
TABLE 41: MIDDLE EAST AND
AFRICA COCOA MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 42: MIDDLE EAST AND
AFRICA COCOA MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 43: MIDDLE EAST AND
AFRICA COCOA MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL COCOA MARKET,
BY PROCESS, 2020 & 2028 (IN %)
FIGURE 3: GLOBAL COCOA MARKET,
BY DUTCH-PROCESS, 2021-2028 (IN $ MILLION)
FIGURE 4: GLOBAL COCOA MARKET,
BY NATURAL PROCESS, 2021-2028 (IN $ MILLION)
FIGURE 5: GLOBAL COCOA MARKET,
BY QUALITY, 2020 & 2028 (IN %)
FIGURE 6: GLOBAL COCOA MARKET,
BY BULK, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL COCOA MARKET,
BY SPECIALTY, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL COCOA MARKET,
BY FINE FLAVOR, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL COCOA MARKET,
BY PRODUCT, 2020 & 2028 (IN %)
FIGURE 10: GLOBAL COCOA MARKET,
BY COCOA LIQUOR, 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL COCOA
MARKET, BY COCOA POWDER, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL COCOA
MARKET, BY COCOA BUTTER, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL COCOA
MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 14: GLOBAL COCOA
MARKET, BY CONVENTIONAL, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL COCOA
MARKET, BY ORGANIC, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL COCOA
MARKET, BY END-USER, 2020 & 2028 (IN %)
FIGURE 17: GLOBAL COCOA
MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL COCOA
MARKET, BY FOOD & BEVERAGES, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL COCOA
MARKET, BY BAKERY, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL COCOA
MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL COCOA
MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED STATES COCOA
MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: CANADA COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 24: UNITED KINGDOM
COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: GERMANY COCOA
MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: FRANCE COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 27: SPAIN COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 28: ITALY COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 29: RUSSIA COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 30: REST OF EUROPE
COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: CHINA COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 32: JAPAN COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 33: INDIA COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 34: SOUTH KOREA COCOA
MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: ASEAN COUNTRIES
COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA & NEW
ZEALAND COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: REST OF ASIA-PACIFIC
COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: BRAZIL COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 39: MEXICO COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 40: REST OF LATIN
AMERICA COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: UNITED ARAB
EMIRATES COCOA MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: SAUDI ARABIA COCOA
MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: TURKEY COCOA MARKET
2021-2028 (IN $ MILLION)
FIGURE 44: SOUTH AFRICA COCOA
MARKET 2021-2028 (IN $ MILLION)
FIGURE 45: REST OF MIDDLE EAST
& AFRICA COCOA MARKET 2021-2028 (IN $ MILLION)