About Cacao Beans
Primarily, chocolate is made from cacao beans from the theobroma cacao tree which is native to Mexico. The theobroma cacao tree produces large, pod-like fruits which contain 20-60 beans generally surrounded by sticky, sweet-tart white pulp. The content of these beans provides the basis for chocolate production. The fluid paste, or liquor, is made from the dried cocoa bean and is used to make cocoa powder and chocolate. Confectioners use it to coat candy bars and boxed or bulk chocolates, baking food makers and bakers use it to coat a variety of cookies and desserts, and ice cream producers use it to coat frozen novelty items. According to modern research, cacao beans contain important compounds which are beneficial for health. With the increasing consumption of chocolate in several forms; the demand for cacao beans is also increasing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
With the increasing demand for chocolate for consumption in various forms; the demand for cacao beans production is also increasing. Although the market is fragmented and lacks one single leader, the production of cacao is concentrated in Ivory Coast and Indonesia insignificant proportion. Market players are dependent on the yield of trees and the quality of their production. Supply chain management is key to success in this market. There are no barriers to entry into this market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc (United States), BT Cocoa (Indonesia), India Cocoa Pvt Ltd (India), Nederland SA (Netherlands), Niche Cocoa Industry Ltd. (Ghana), Dutch Cocoa B.V (Netherlands), Edna Group (Sri-Lanka), Olam International Limited (Singapore), Cocoa Processing Company (Ghana) and Barry Callebaut AG (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cacao Beans market by , Application (Chocolates, Beverages, Bakery Products and Others) and Region.
On the basis of geography, the market of Cacao Beans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Cacao Beans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. B2C will boost the Cacao Beans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plant Source, the sub-segment i.e. Forastero will boost the Cacao Beans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Number of Applications of Cacao Beans in Bakery Products and Confectionery Products
Market Growth Drivers:
Growing Production and Consumption of Chocolates and Increasing Demand for Cacao Beans Due to Health Benefits It Offers
Challenges:
Most of The Cacao Production is Done by Handful of Countries
Restraints:
Consuming Large Amounts of Cacao Might Have Health-Related Side Effects
Opportunities:
Surging Demand for Cacao based Beverages in Developing Nations
Market Leaders and their expansionary development strategies
In february 2019, Olam had acquired of Indonesia’s largest cocoa processor, BT Cocoa, to capitalise on Asia’s trajectory to become the largest global consumer of cocoa powder.
In January 2021, Olam Cocoa backs has launched Twenty Degrees is a new specialty cacao business sourcing premium quality cacao beans from around the world. The venture is backed by Olam Cocoa and comes as the premium chocolate market continues to grow.
According to Food and Drugs Administrations- “When the cacao nibs, or the cacao beans from which they are prepared, are processed with alkali ingredients specified in paragraph (b)(1) of this section, the name of the food shall be accompanied by the statement "Processed with alkali" or "Processed with", the blank being filled in with the common or usual name of the specific alkali ingredient used in the food.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Smart Fitness Watch Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.