Latest News- Cocoa Beans Market: Confectionery is expected to lead the Application segment during 2025-2029

The Cocoa Beans Market is being driven by Rising popularity of chocolate-flavored beverages

The Cocoa Beans Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3576.9 million. The global cocoa beans market has witnessed a surge in mergers and acquisitions (M&A) activity. Driving this trend are strategic objectives such as expanding product offerings, entering new markets, enhancing market presence, fortifying brand image, securing supply chain control, and realizing economies of scale. Notably, Mondelez International's acquisition of Ricoline, Mexico's leading confectionery company, announced in April 2022, exemplifies this trend. This strategic move aims to bolster Mondelez's market presence in Latin America and diversify its product portfolio. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Confectionery
  • Functional food and beverage
  • Cosmetics
  • Others
• Product
  • Cocoa butter
  • Cocoa powder
  • Cocoa beverages
  • Others
• Type
  • Forastero
  • Trinitario
  • Criollo
• Nature
  • Organic
  • Conventional
• Sale Channel
  • B2B
  • B2C
• Geography
  • Europe
    • Germany
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising popularity of chocolate-flavored beverages
• Increasing demand for chocolate coupled with new product launches
• Health benefits of cocoa-rich products

However, the market also witnesses some limitations, which are as follows:

• Volatility in prices of cocoa beans
• Stringent regulations regarding cocoa
• Increasing number of product recalls

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Market Scope in Cocoa Beans Market Research Report

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Research Analysis Overview

The Cocoa beans market plays a significant role in the Chocolate industry, with applications extending to Confectionery, Pharmaceuticals, and Cosmetics. Cocoa beans provide health benefits, including antioxidant properties, which help combat hypertension. Weather conditions, pests, and weed accumulation impact yield and profitability for farmers. Cocoa beans are used for coating vegetables, fruits, and cereals, and in producing milk, dark, mint, vanilla, and coffee-flavored chocolates. Cocoa plants require specific climatic conditions to thrive, and dry weather can lead to crop damage. Cocoa butter, derived from cocoa beans, serves as a lubricant, antioxidant, flavor enhancer, preservative, emulsifier, humectant, and aroma enhancer in various industries. The supply dynamics of cocoa beans influence the production of cocoa butter and chocolate variants, affecting the shelf life, mouthfeel, and aroma of final products. Cocoa beans are also used in natural cosmetics.

Market Research Overview

The Cocoa beans market, a significant segment of the global confectionery industry, encompasses the production and trade of raw cocoa beans and their derived products. This market caters to various industries, including chocolate manufacturing, coating, vegetables, fruits, cereals, and pharmaceuticals. The market's size is determined by the consolidated revenue of the involved vendors. Technavio's market analysis excludes equipment manufacturers and producers of packaged beverages, except for those in the pharmaceutical sector. The market's expansion will be fueled by the health benefits of cocoa, such as its antioxidant properties and rich nutrient content, making it a desirable ingredient in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/