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.
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Market by Process
Market by Quality
Market by Product
Market by Type
Market by Application
Food & Beverage
– 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
ARCHER DANIELS MIDLAND (ADM)
BARRY CALLEBAUT AG
BLOOMER CHOCOLATE COMPANY
GUAN CHONG BERHAD
LINDT & SPRÜNGLI AG
MEIJI HOLDINGS CO LTD
MONDELEZ INTERNATIONAL INC
OLAM INTERNATIONAL LTD
THE HERSHEY COMPANY
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.