The global cocoa market is valued at US$ 48.3 billion in 2022, with a projected increase to US$ 79 billion by 2032-end, growing at a CAGR of 5% between 2022 and 2032. Theobroma To produce cocoa beans or cocoa, cacao seeds are completely dried and fermented. Theobroma means “food of the gods” in Greek. Furthermore, cocoa was originally used as a ritual beverage in many South American cultures.
The rising use of cocoa as a key ingredient in chocolate has resulted in a noticeable increase in demand. Every year, approximately 4.6 million tones of cocoa are used in the production of chocolate around the world. In addition to chocolate, cocoa is widely used in the manufacture of confectionery, cocoa mass, cocoa powder, and cocoa liquor. When compared to natural cocoa, Dutch-flavored cocoa is expected to have greater sales potential. This type of cocoa’s revenue share will reach $11.9 billion in 2021.
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Some of the prominent players reviewed in the research report include:
- Barry Callebaut AG
- Blommer Chocolate Company
- Cargill Inc.
- Olam International Ltd.
- Dutch Cocoa BV
- JB Foods.
This report has been detailed and is structured in a manner that covers all of the aspects required to gain a complete understanding of the pre-market conditions, current conditions as well as a well-measured forecast in order for the client to establish a strong position in the Cocoa market.
Conducts Overall Cocoa Market Segmentation:
Cocoa Market Product Type Coverage: –
- Cocoa Ingredients
- Cocoa Butter
- Cocoa Liquor
- Cocoa Powder
- Chocolates
Cocoa Market Application Coverage: –
- Food & Beverages
- Confectionery
- Dairy
- Bakery
- Others
- Cosmetics
- Pharmaceuticals
- Others
Market Segment by Regions, regional analysis covers:-
North America (United States, Canada, Mexico)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Europe, Middle East and Africa (Germany, France, UK, Russia and Italy, Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
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Cocoa Market- Scope of Report
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
Report Summary
The study offers comprehensive analysis on diverse features, including revenue growth, product enhancements, and revenue generation from Cocoa across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue through Cocoas during the forecast period.
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𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.globenewswire.com/en/news-release/2022/08/22/2502343/0/en/Emergence-of-Several-Pharma-Biotech-Startups-to-Uplift-Pipette-and-Pipettor-Demand-Fact-MR-Research.html
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