About Cocoa Solids
A mixture of residues left of extraction of Cocoa Beans to form Cocoa Butter are known as cocoa solids. It can also be termed as cocoa powder. It can be used in manufacturing all the chocolates and chocolate based products. Cocoa mass and cocoa liquor are produced from the paste of roasted cocoa beans, cocoa butter and solids. Cocoa powder contains flavanol which is an antioxidants. This acid can be minimized if the cocoa is subjected to acid-reducing alkalization.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.0% |
Competition among existing players is due to the Cocoa Solids market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Cocoa Solids Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cocoa Solids market throughout the forecasted period. 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.
ADM (United States), Cargill (United States), Bunge (United States), Barry Callebaut (Switzerland), Plot Ghana (Ghana), Golden Harvest Cocoa Indonesia (Indonesia), Dutch Cocoa (Netherlands), Cocoa Processing Company Limited (Ghana), Indcresa (Spain), Blommer (United States) and JB Foods Limited (Malaysia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Indcresa (Spain), Blommer (United States) and JB Foods Limited (Malaysia).
Segmentation Overview
AMA Research has segmented the market of Global Cocoa Solids market by Type (Natural Cocoa Solid and Dutch-processed Cocoa Solid), Application (Chocolate, Beverage, Desserts and Others) and Region.
On the basis of geography, the market of Cocoa Solids 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 Distribution Channel, the sub-segment i.e. Supermarkets & Hypermarkets will boost the Cocoa Solids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurging Demand for Flavored and Fine Cocoa, International Trades for Cocoa Solids are Increased and Introduction to Flavored Cocoa Solids
Market Growth Drivers:
Growing Awareness about Natural/Organic Food, Robust Increase in Demand for local as well as global chocolate brands, Strong R&D capabilities to Improve Productivity and Product Development and Cocoa Solid is a Highly Nutritional Product
Challenges:
Threat of Counterfeit Products, Minimum Growth Rates in Major Market and Very Seldom Raw Material Suppliers
Restraints:
Changing Consumer Preferences, Price Fluctuations across the globe and Increasing Need for Natural Flavors
Opportunities:
Influence of health and wellness on chocolate consumers, Increasing Use of Chocolates as a Functional Food and Comparatively Slower Market Penetration in Emerging Economies
Market Leaders and their expansionary development strategies
In July 2018, ADM has Announced a Proposed Acquisition of Neovia, for Establishing a Premier Global Leader in Value-Added Nutrition Solutions.
In January 2024, Bunge announced the launch of CBT Gold, a game-changing fat ingredient for chocolate confectionery that is expected to bring innovation to the confectionery market. This alternative confectionery fat has a steep melting profile with a high cocoa butter tolerance, giving products made with CBT Gold the rich texture and melting sensation of real chocolate. With CBT Gold, customers can enjoy the indulgence of real chocolate in any compound chocolate creation. Whether in chocolate bars, coatings or pannings, CBT Gold matches the taste level of premium chocolate that contains 61% cocoa solids, but with a cost savings of up to 40%.
The European Union has strengthened the regulation on cadmium in cocoa and derived products. The new regulation will become effective in January 2019. Cadmium is found naturally in the soil, but pesticides and chemical fertilizers containing cadmium are also sources of contamination.
Key Target Audience
Global Organic Cocoa Manufacturers, Raw Material Suppliers, Retailers and Wholesalers, E-commerce Companies, Traders, Importers and Exporters 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.