Cocoa Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Trends, Drivers and Vendor Forecasts for 2021-2025

Cocoa market is set to post an incremental growth of 504.96 th MT during 2021-2025. The market will progressing at a CAGR of almost 2.24% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.

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Cocoa Market: Market Segments and Key Trends

The Cocoa market is segmented by Product (Cocoa liquor, Cocoa butter, and Cocoa powder), Application (Confectionery, Food and beverage, and Others), and Geography (Europe, MEA, APAC, North America, and South America). APAC led the market with 39% of the market growth set to originate from this region during the forecast period. Fluctuations in prices of cocoa is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Cocoa Market: What are the Growth Drivers?

The Increasing demand for chocolate coupled with new product launches is one of the primary factors driving the growth of the cocoa market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Cocoa Market: Competitive Landscape

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barry Callebaut AG, Cargill Inc., Ferrero International SA, Fuji Oil Co. Ltd., Meiji Holdings Co. Ltd., Nestle SA, Olam International Ltd., The Hershey Co., Touton SA, and United Cocoa Processor Inc. are some of the major market participants.

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Cocoa Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cocoa market growth during the next five years
• Precise estimation of the cocoa market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cocoa market industry across Europe, MEA, APAC, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cocoa market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 2.24%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 504.96 th MT through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand for chocolate coupled with new product launches will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, MEA, APAC, North America, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   39% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Barry Callebaut AG, Cargill Inc., Ferrero International SA, Fuji Oil Co. Ltd., Meiji Holdings Co. Ltd., Nestle SA, Olam International Ltd., The Hershey Co., Touton SA, and United Cocoa Processor Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Cocoa liquor, Cocoa butter, and Cocoa powder), Application (Confectionery, Food and beverage, and Others), and Geography (Europe, MEA, APAC, North America, and South America)

Cocoa Market Size to Grow by 605.13 th MT During 2020-2024

Technavio has been monitoring the cocoa market and it is expected to grow by 605.13 th MT, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Cocoa Market: APAC to lead market growth during the forecast period

• 42% of the market growth will originate from APAC during the forecast period.
• Initiatives toward zero deforestation for cocoa farming worldwide will be a key trend that will influence market growth significantly.
• The Increasing demand for chocolate coupled with new product launches will be a significant factor in driving the growth of the cocoa market.

Cocoa Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barry Callebaut AG, Cargill Inc., Ferrero International SA, Fuji Oil Co. Ltd., The Hershey Co., Meiji Holdings Co. Ltd., Nestle SA, Olam International Ltd., Touton SA, and United Cocoa Processor Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Cocoa Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive cocoa market growth during the next five years
• Precise estimation of the cocoa market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cocoa market industry across Europe, MEA, APAC, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cocoa market vendors

The Global Cocoa Market is expected to grow by 605.13 th MT accelerating at a CAGR of over 3% during the forecast period. The consumer staples industry is expected to witness positive growth as a result of COVID-19 and the impact of the pandemic on the market in focus is also expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report with COVID-19 Impact Analysis

"The growing demand for chocolate coupled with new product launches will drive the growth prospects for the Global Cocoa Market in the forthcoming years. 42% of the market’s growth will originate from APAC during the forecast period. Indonesia is one of the key markets for cocoa in APAC", says senior research analyst for the Consumer Staples Industry at Technavio.

Cocoa Market: ProductSegment Highlights

• Product Segmentation: cocoa liquor, cocoa butter, and cocoa powder
• Factors such as increasing demand for chocolate coupled with new product launches will offer immense growth opportunities

Cocoa Market: Competitive Analysis

• The Cocoa Market is fragmented due to the presence of several vendors.
• Market vendors are focused on market expansion, innovations, and expansion of distribution networks.
• Barry Callebaut AG, Cargill Inc., Ferrero International SA, Fuji Oil Co. Ltd., The Hershey Co., Meiji Holdings Co. Ltd., Nestle SA, Olam International Ltd., Touton SA, and United Cocoa Processor Inc. are some of the major market participants. Although the growing demand will offer immense growth opportunities, fluctuations in the price of cocoa may impede market growth.. 

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report