Cocoa Ingredients Market Growth | Size, Value Share, COVID-19 Impact, Emerging Trend, Key Players Strategy and Forecast to 2024
Cocoa Ingredients Market Global Information by Product Type (Cocoa Butter, Cocoa Liquor, and Cocoa Powder), Category (Organic and Conventional), Application
pune, India – June 22, 2020 /MarketersMedia/ —
Market Overview
Cocoa is an ingredient that is derived from Theobroma cocoa. It is in dried and fermented form, and then it is further processed to extract cocoa powder. It is available in the market with different products like Cocoa powder, cocoa butter, cocoa liquor, and cocoa oil. There is a high demand for cocoa because it is used in making chocolates. Criollo, Trinitario, and Forastero are three plants where cocoa is derived. From 3 of these, one is known as the best source of obtaining high-quality cocoa, which is Forastero.
The cocoa contains high flavonoid concentration, which is beneficial for people suffering from cardiovascular problems. It is used in high quality in a bakery making for cake also. It is used globally, and by seeing its popularity, we can say that by the end of 2024, it records a 6,560.2 million market size with CAGR of 4.25%. The cocoa powder is also used in other beverages products and food products such as sweets and snacks and frozen desserts etc.
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The report presents a detailed analysis of cocoa products in the global market. It provides a better platform for the cocoa market. It offers research-based methodology information for the better productivity of the global cocoa market. The growth of cocoa production depends upon the various parameters. The market for cocoa is largely driven because of the increasing popularity of cocoa. A large amount of using cocoa makes it popular. But there is some country which restricts the production of cocoa such as west Africa and South Asia.
Key Players
Archer Daniels Midland Company (US), Barry Callebaut (Switzerland), The Cocoa Processing Company Limited (Ghana), Mars, Incorporated (US), The Hershey Company (US), United Cocoa Processors Inc.(US), Olam International Ltd. (Singapore), Cargill Incorporated (US), Agostoni Chocolate Inc. (US), Bunge Limited (US), Blommer Chocolate Company (US), Carlyle Cocoa Co, LLC (US), Jindal Cocoa (India), Puratos Group (Belgium), and SunOpta, Inc. (Canada) are some of the key players in the Global Cocoa Ingredients Market.
Industry News
The major companies and regions that are manufacturing the cocoa ingredients face more challenges in their way. The companies are continuously trying to produce more amount of cocoa. Companies also talk about the factors through which the market of cocoa will increase over the coming years.
Regional Classification
The classification of Global Cocoa Ingredients Market is divided into different regions. The global cocoa market is differentiated in 4 regions Europe, Asia Pacific, North America, and in other areas. The European region is further classified into the UK, Germany, Italy, France, Spain, and rest parts of Europe, whereas North America is classified into Us, Canada, and Mexico. Similarly, the global cocoa ingredients are divided into Asia pacific such as India, China, New Zealand, Australia, Japan, and Asia Pacific countries. Other than these, it is segmented into the middle east, south America and Africa.
Market Segmentation
When it comes to the market segmentation of cocoa products, then it is segmented based on product type, category, region, and application. The global cocoa market is classified into different factors like the type of product, Cocoa powder, and liquor and into cocoa butter. The cocoa ingredients are used in various products. The classification of cocoa is based upon the category, such as organic and conventional. It is also based on the application, such as for dairy and frozen products, sweets and snacks, sauces and beverages, and in bakeries, dressing, and some other food-related items.
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