What is Cocoa Ingredients Market?
Cocoa ingredients are derived from the cocoa beans and they are used for various purposes. It is used in almost all food categories. There are three types of cocoa beans including criollo, forastero and trinitario. It has various forms such as cocoa paste, cocoa beans, cocoa fat and oil, cocoa butter and cocoa powder. It is primarily used for chocolate making. It has a high demand for various applications in confectionery, dairy, bakery, beverages, pharmaceutical and personal care industries.
The market study is being classified by Type (Cocoa Beans, Cocoa Paste, Cocoa Fat & Oil, Cocoa Shells and Cocoa Powder), by Application (Chocolate and Confectionary, Dairy, Bakery, Beverages, Pharmaceutical and Personal Care) and major geographies with country level break-up.
Archer Daniels Midland Company (United States), Barry Callebaut (Switzerland), Blommer Chocolate Company (United States), Cocoa Processing Company Ltd. (Ghana), Mars Inc. (United States), The Hershey Company (United States), United Cocoa Processors Inc. (United States), Olam International Limited (Singapore), Cargill Incorporated (United States) and Forbes Chocolate (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cocoa Ingredients market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cocoa Ingredients market by Type, Application and Region.
On the basis of geography, the market of Cocoa Ingredients 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Sweetened Bakery Products
- Increasing Awareness about Health Benefits of Cocoa
Market Trend
- Innovations in the Flavors
Restraints
Opportunities
- Growing Demand from Food and Beverages Industry
- High Research and Development Investments
Challenges
- Unfavorable Weather Conditions West African Nations
Market Leaders and some development strategies
In November 2018, Fuji Oil Holding, Inc., a supplier of oil and fat ingredients to the food industry, has entered into an agreement to acquire The Blommer Chocolate Co., the largest cocoa processor and ingredient chocolate manufacturer in North America.
Key Target Audience
Cocoa Ingredients Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user