According to a new market research report published by Global Insight Services “ Cocoa and Chocolate Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cocoa and chocolate are both products made from the cacao bean. The cacao bean is native to South America and was first cultivated by the Olmecs of Mexico. The word “chocolate” is derived from the Aztec word “xocolatl”, which means “bitter water”. Cocoa is the powdered form of the cacao bean and is used to make chocolate. Chocolate is made by adding cocoa to a base of sugar and milk. Chocolate is a popular food all over the world and comes in many different flavors.
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Top Key Players in Cocoa and Chocolate market: Cargill, Inc., Olam International Ltd., Toutan S.A., Barry Callebaut AG, The Hershey Company, Guan Chong Cocoa Manufacturer SDN. BHD
Key Trends
There are many key trends in cocoa and chocolate technology. One is the use of single origin cocoa beans. This means that the cocoa beans used to make the chocolate come from one specific region, rather than being a blend of beans from multiple regions. This allows for a more unique flavor profile in the chocolate.
Key Drivers
Cocoa and chocolate are two key drivers of the confectionery market. The cocoa bean is the primary ingredient in chocolate and is responsible for its characteristic flavor. The cocoa bean is also a key ingredient in many other confectionery products, such as candies, cakes, and cookies. The chocolate industry is a multi-billion dollar industry and is expected to continue to grow in the coming years. The key drivers of the cocoa and chocolate market are the following:
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Market Segments
The Cocoa and Chocolate Market is segmented into product type, nature, application, and region. On the basis of product type, the market is categorized into cocoa and chocolate. By cocoa, the market is segmented into cocoa butter, cocoa liquor, and cocoa powder. By chocolate, it is segregated into dark, white, milk and filled. On the basis of nature, it is segmented into organic and conventional. By application, it is divide into food & beverages, cosmetics, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Cocoa and Chocolate Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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