Global Cocoa and Chocolate Market report from Global Insight Services is the single authoritative source of intelligence on Cocoa and Chocolate Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.
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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.
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.
Another trend is the use of alternative sweeteners. As people become more health conscious, they are looking for ways to reduce the amount of sugar in their diet. This has led to the use of alternative sweeteners such as honey, agave nectar, and coconut sugar in chocolate.
Another trend is the use of dark chocolate. Dark chocolate has been shown to have health benefits, such as reducing the risk of heart disease. As a result, many people are choosing to eat dark chocolate instead of milk chocolate or white chocolate.
Finally, another trend is the use of fair trade cocoa beans. This means that the cocoa farmers who grow the beans are paid a fair price for their product. This allows them to improve their standard of living and provide better working conditions for their employees.
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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:
- Increasing demand for chocolate: The global chocolate market is expected to grow at a CAGR of 3.5% from 2019 to 2025. The increasing demand for chocolate is driven by the growing popularity of dark chocolate, the health benefits of cocoa, and the increasing disposable incomes of consumers.
- Health benefits of cocoa: Cocoa is a rich source of antioxidants and has been linked to a number of health benefits, such as reducing the risk of heart disease and stroke, improving cognitive function, and reducing the risk of cancer.
- Growing popularity of dark chocolate: Dark chocolate is increasingly popular due to its health benefits and rich flavor. The growing popularity of dark chocolate is driving the growth of the cocoa and chocolate market.
- Increasing disposable incomes: The increasing disposable incomes of consumers are driving the growth of the cocoa and chocolate market. As incomes rise, consumers are able to spend more on indulgent products, such as chocolate.
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.
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Key Players
The Cocoa and Chocolate Market report includes players such as Cargill, Inc., Olam International Ltd., Toutan S.A., Barry Callebaut AG, The Hershey Company, Guan Chong Cocoa Manufacturer SDN. BHD, Ciranda, Inc., United Cocoa Processor, Inc., Bloomer Chocolate Company, and VJ Jindal Cocoa Private Limited.
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