Cocoa Products Market - Forecast(2021 - 2026)

Report Code: FBR 10938 Report Format: PDF + Excel (Delivery in 48 Hrs)
Cocoa Products Market Overview
Cocoa Products Market size is $24.5 billion by 2019, growing at a CAGR of 3.1% during the forecast period 2020-2025. Increasing health benefits from cocoa driven products is a significant factor driving the cocoa products market during the forecast period 2020-2025. The increasing health benefits of cocoa to the human body includes reduce high blood pressure by improving nitric oxide levels, lower the risk of heart attacks and stroke. Moreover, several studies revealed that cocoa is rich in flavanols, which lower blood pressure by improving nitric oxide levels and blood vessels function. Cocoa containing between 30-1,218 mg of flavanols can reduce blood pressure by an average 2mmHg therefore, these key health benefits offered is driving the Cocoa Products Market during the forecast period 2020-2025. Moreover, in April 2019 Bloomer Chocolate Company, the largest cocoa processor and manufacturer in North America announced a new sustainability initiative supporting cocoa farmers in Cote ‘d Ivoire Africa to provide access to life basic needs including clean water, nutritional food, healthcare and basic education.

Report Coverage
The report: “Cocoa Products Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cocoa Products Market.

By Type- Cocoa Bean, Cocoa Powder, Cocoa Paste, Cocoa Butter.
By Application- Confectionary, Health Drink, Bakery, Functional Food, Cosmetics and Others.
By Geography-North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways
  • The Cocoa Beans held the largest market share in 2019 owing to the rising demand of cocoa beans to manufacture a wide range of food and beverages.
  • The Bakery is one of the fastest growing segments of cocoa products market owing to the growing trend towards ready-to-bake or ready-to-eat frozen items.
  • Europe dominated the Cocoa Products Market attributed to its technological developments and growing innovations such as individually-quick-frozen method is set to propel the regional market growth during the forecast period 2020-2025.

By Type - Segment Analysis 
By Type, the Cocoa Products Market is segmented into Cocoa Beans, Cocoa Powder, Cocoa Paste and Cocoa Butter. Amongst these, the Cocoa Beans held the largest market share in 2019 owing to the rising demand of cocoa beans to manufacture a wide range of food and beverages. Moreover, cocoa beans are also good for the cardiovascular system as they contain polyphenols, which has been proven to be quite beneficial for good heart health. In addition, several researches indicate that polyphenols as found in cocoa beans might reduce blood pressure. Furthermore, cocoa beans contain magnesium which is another nutrient that promotes good heart health. Magnesium increases heart strength and improves heart condition. This helps to ensure that that the heart continue to effectively pump blood. It also reduces the risk of blood clots. This in turn reduces the risk of strokes and heart attacks. Cocoa beans are also set to grow at highest CAGR of 3.9% in the forecast period of 2020-2025. Increasing health benefits along with changing lifestyle and rapid urbanization is driving the market of Cocoa Products Market during the forecast period 2020-2025.

By Application- Segment Analysis 
The Bakery is one of the fastest growing segments of cocoa products market owing to the growing trend towards ready-to-bake or ready-to-thaw frozen items. Moreover, Quick-service restaurants and retail chain benefit from frozen bakery products, as they can now readily thaw frozen bakery products or prepare fresh items using frozen dough. In addition, ready-to-bake or ready-to-thaw includes less food wastage, as stores can bake based on demand, while keeping remaining products frozen and preserved. Furthermore, prolonged self-life offers benefits such as ease of availability whenever required and secure stocks during seasonal variations. Furthermore, the market growth is also being driven by the rising demand of convenience food products to save both customers time and effort, given their hectic schedules. Owing to these benefits there is an upsurge in the demands of these products in varied range of applications, thus, is estimated to witness significant growth during the forecast period 2020-2025.

Geography- Segment Analysis
Europe dominated the Cocoa Products Market with a share of 38% during the forecast period 2020-2025. Technological advancements coupled with the growing innovation such as individually quick-frozen method is driving the Cocoa Products Market. The method of freezing technique has significantly claimed its place in the Europe Frozen Bakery industry actuated by natural self-like promotion without the usage of any preservatives. Furthermore, the ingredients such as fruits, herbs, and vegetables used in bakery processes also depend largely on this unique freezing procedure whereby promoting the growth of cocoa market to propel positively.

Drivers –Cocoa Products Market
  • Increasing Health Benefits
Increasing health benefits from cocoa products is a major factor driving the Cocoa Products Market during the forecast period 2020-2025. Cocoa reduce high blood pressure by improving nitric oxide levels, lower the risk of heart attacks and stroke; thereby propelling its demand in the application industries.
  • Cost-Effectiveness
Cost-effectiveness is a major factor driving the Cocoa Products Market during the forecast period 2020-2025. Changing lifestyle along with the growing health concern and hectic schedules of people around the world is further propelling the industry growth. Furthermore, the wide acclamation in celebratory events and household occasion there is a demand for cakes and pastries and chocolates at affordable prices which is further contributing to its market growth.

Challenges – Cocoa Products Market
  • Limited Production of Cocoa
Some of the factors that is set to impede the growth of Cocoa Products Market are limited production of cocoa and the increasing price of raw materials for bakery products during the forecast period 2020-2025.

Cocoa Products Market Industry Outlook
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Cocoa Products Market. Cocoa Products Market top 10 players are Artisan Confection Company, Bloomer Chocolate Company, Cargill Inc., Ciranda Inc., Internatural Food Llc. Kraft Food Group Inc., Nord Cocoa, Pascha Chocolate, Touton SA and Tradin Organic Agriculture BV .

Acquisitions/Product Launches
  • In January 2019: Global Ingredients and Food Group Cargill launched its artisan chocolate brand Veliche Gourmet in the Netherland at the country leading hospitality fair, Horecava in Amsterdam.
1. Cocoa Products Market Overview
    1.1 Definitions and Scope
2. Cocoa Products Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Cocoa Products Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Cocoa Products Market - Startup companies Scenario Premium (Premium) 
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Cocoa Products Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Cocoa Products Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Cocoa Products Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Cocoa Products Market – By Type (Market Size –$Million/$Billion)
    8.1 Cocoa Bean
    8.2 Cocoa Butter
    8.3 Cocoa Paste
    8.4 Cocoa Powder
9. Cocoa Products Market – By Application (Market Size –$Million/$Billion)
    9.1 Confectionary
    9.2 Health Drink
    9.3 Bakery
    9.4 Functional Food
    9.5 Cosmetic
    9.6 Others
10. Cocoa Products Market - By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Cocoa Products Market - Entropy
12. Cocoa Products Market – Industry/Segment Competition Landscape   (Premium) 
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Country- Key companies
        12.1.4 Best Practices for Companies
13. Cocoa Products Market – Key Company List by Country Premium (Premium)
14. Cocoa Products Market Company Analysis
    14.1 Company Revenue, Products, M&A, Developments
    14.2 Artisan Confection Company
    14.3 Bloomer Chocolate Company
    14.4 Cargill Inc
    14.5 Internatural Food Llc
    14.6 Kraft Food Group Inc.,
    14.7 Nord Cocoa
    14.8 Pascha Chocolate
    14.9 Touton SA
    14.10 Tradin Organic Agriculture BV
    14.11 Ciranda
*Financials for private companies would be provided on a best efforts basis”.

List of Tables

1 US Cocoa Products Market Size 2018
2 Canada Cocoa Products Market Share 2018
3 Brazil Cocoa Products Market Outlook 2019 - 2023
4 Mexico Cocoa Products Market Research 2018
5 Germany Cocoa Products Market Trends 2019 - 2023 
6 France Cocoa Products Market Growth 2019 - 2023 
7 UK Cocoa Products Market Demand 2019 - 2023 
8 Italy Cocoa Products Market Segmentation 2018
9 Russia Cocoa Products Market Analysis 2019 - 2023
10 China Cocoa Products Market Revenue 2019 - 2023
11 Japan Cocoa Products Market Volume 2019 - 2023
12 South Korea Cocoa Products Market Potential 2019 - 2023
13 India Cocoa Products Market Leaders 2018
14 Saudi Arabia Cocoa Products Market Forecast 2019 - 2023 
15 Kuwait Cocoa Products Market Value 2018

List of Figures

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