Cocoa Beans Market Size, Share, Trends & Forecast 2029

Gourmet Insights is a prominent source of data, analytics, and intelligence tailored for the Food & Beverage industry. Our expertise lies in delivering thorough and current information across diverse facets of the F&B sector, encompassing restaurants, foodservice establishments, beverage producers, distributors, and other key players in the culinary landscape.

Data Bridge Market Research unveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.

Data Bridge Market Research analyses that the cocoa beans market was valued at USD 12400.67 million in 2021 and is expected to reach the value of USD 22952.77 million by 2029, at a CAGR of 8.00% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

"Cocoa Beans Market report can be structured well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Further, strategic planning supports in improving and enhancing the products with respect to customer’s preferences and inclinations. The report comprises of all the market shares and approaches of the major competitors or the key players in the  industry. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or  industry.

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Market Definition

Cocoa beans are used to make cocoa. It is a highly concentrated powder that is used as a flavouring ingredient in beverages. It is the main ingredient in chocolate and bakery confections. Cocoa powders, chocolate liquor, and blends are product forms of cocoa that are used to flavour various food beans such as syrups, toppings, chocolate milk, prepared cake mixes, pharmaceuticals, and cookies.

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Cocoa Beans Market Dynamics

Drivers

  • Growing awareness about benefits of cocoa beans

The growing awareness of the health benefits of consuming cocoa-rich beans drives the growth of the cocoa beans market. Cocoa helps reduce hypertension, chronic fatigue syndrome, protection against sunburn, and other health benefits to the human body. Cocoa is also high in polyphenols, which help to protect the body's tissues from oxidative stress and related pathologies like cancer and inflammation. These factors are also driving the expansion of the cocoa beans market.

  • Growing demand for cocoa based products

Increased demand for chocolate and related beans such as milk chocolate, sweet chocolate, and dark chocolate, as well as aggressive advertising by manufacturers to increase brand recognition, are driving the growth of the cocoa beans market. Improvements in commercial farming techniques are used to produce cocoa, which is expected to increase supply and thus improve growth prospects in the future.

Opportunity

Theobromine, found in cocoa powder, aids in inflammation reduction and protects against severe diseases. Since cocoa contains a high concentration of phytonutrients while being low in fat and sugar, the calories obtained from cocoa powder are rich in beneficial compounds as they are made from agitated, dried, unroasted cacao beans, raw beans are often less processed and healthier. Nonetheless, typical dark chocolate containing at least 70% cacao is a good source of antioxidants and minerals, creating a huge market opportunity.

Global Cocoa Beans Market Scope

The cocoa beans market is segmented on the basis of application, product, type, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Cocoa Beans Market Regional Analysis/Insights

European region has the largest market share in the global cocoa beans market, followed by North America, Asia-Pacific, the Middle East and Africa, and South America. Germany has the largest market share in Europe due to the widespread use of cocoa beans in industrial applications. For example, Mondelez International, Nestle, and Lindt & Sprüngli, three of the world's largest confectionery companies, use cocoa beans to make chocolates containing roasted cocoa beans. However, in North America, the United States has occupied the largest market share due to the consumption of cocoa beans and butter used in the food and beverage sector and the preference of coffee flavour among American consumers.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Cocoa Beans Market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Cocoa Beans Market.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Cocoa Beans Market Landscape

Part 04: Global Cocoa Beans Market Sizing

Part 05: Global Cocoa Beans Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

This study answers to the below key questions:

  1. What are the key factors driving the Cocoa Beans Market?
  2. What are the challenges to market growth?
  3. Who are the key players in the Cocoa Beans Market?
  4. What are the market opportunities and threats faced by the key players?

Some of the major players operating in the cocoa beans market are:

  • Cemoi Chocolatier (France)
  • Republica del Cacao (Ecuador)
  • Nestlé S.A. (Switzerland)
  • Mars Incorporated (U.S.)
  • Fuji Oil Holdings Inc. (Japan)
  • Guittard Chocolate Company (U.S.)
  • Ghirardelli Chocolate Company (U.S.)
  • Valrhona (France)
  • Barry Callebaut (Switzerland)
  • Alpezzi Chocolate (Mexico)
  • Kerry (Ireland)
  • Olam Group (Singapore)
  • Tcho Ventures Inc. (U.S.)
  • The Hershey Company (U.S.)
  • Cargill, Incorporated (U.S.)
  • Blommer Chocolate Company (U.S.)
  • Foley's Candies LP (Canada)
  • Puratos (Belgium), Ferrero (Italy)

By Application (Cosmetics, Confectionery, Pharmaceuticals and Functional Food and Beverages), Product (Butter, Powder, Liquor, Others), Type (Criollo Cocoa Beans, Forastero Cocoa Beans, Trinitario Cocoa Beans, Beauty Beans), Distribution Channel (Online, Offline) 

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