Industry Background:
Raw cacao is made by cold-pressing un-roasted cacao beans and the process keeps the living enzymes in the cacao and removes the fat (cacao butter). It is a significant ingredient in the confectionery, and food and beverage industries, and more recently, in the pharmaceutical and cosmetics industries. It is the dried and fully fermented fatty seed of the cacao tree from which chocolate is made. Furthermore, it is high in resveratrol, a potent antioxidant also found in red wine, known for its capacity to cross the blood-brain barrier to help protect the nervous system.This growth is primarily driven by Health Benefits of Cacao
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Wilbur Chocolate Company Inc. (United States), Kraft Foods Inc. (United States), Petra Foods Limited (Singapore), Belcolade NV (Belgium), Dutch Cocoa B.V (Netherlands), Cargill Cocoa & Chocolate (United States), Blommer Chocolate Company (United States), Ferrero S.P.A. (Italy), Guan Chong Cocoa Manufacturer Sdn. Bhd. (Malaysia) and Organic Commodity Products Inc. (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2022- Nestlé announced a new plan to address child labor risks in cocoa production. An innovative income accelerator program is at the heart of the initiative, with the goal of improving the livelihoods of cocoa farming families while also advancing regenerative agriculture practices and gender equality.
In June 2022- Cacao Barry, the world's leading premium chocolate brand for artisans and chefs announced that its WholeFruit Chocolate is the first chocolate to be Upcycled CertifiedTM by the Upcycled Food Association (UFA). Artisans and chefs can now make informed purchasing decisions, knowing that they will be receiving upcycled certified chocolate for the first time.Leading key players of cacao are focusing on strategic partnerships and acquisition to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Rising Popularity of Natural Cosmetics across the World
Market Growth Drivers:
Health Benefits of Cacao and Increasing Demand from End-Use Industries
Challenges:
High Prices of Raw Materials
Restraints:
Highly Unstable Economies in Cacao-Producing Nations
Opportunities:
Robust Chocolate Demand Boosts Cacao market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cacao Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cacao Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cacao players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cacao Study Sheds Light on
The Cacao Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cacao industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cacao industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.