What is Cocoa Beans Market?
Cocoa beans are also known as cocoa is dried and the fully fermented seed of different varieties of cocoa plants like Criollo, Forastero, Trinitario, and Nacional. Increasing use of cocoa ingredients in the food & beverage industry to add or enhance chocolate or cocoa flavor. Further, increasing demand for complex chocolate and cocoa-derived products in the global market for baking foods during the pandemic has accelerated the market growth for cocoa beans. Cocoa beans are available in two different categories one is fine or flavor and the second is bulk or ordinary, which is used for different applications. Cocoa can also be utilized for cosmetics or personal care products to create high-quality skin care products and reveal natural beauty.
Highlights from Cocoa Beans Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Dennys Group (India), Meridian Cacao Co (United States), Cargill, Incorporated (United States), Daynmerry (India), Tradin Organic Agriculture B.V. (Netherlands), Touton S.A. (France), Kevala (United States), Cocoabean (India), CauCawa e.U. (Austria) and Briofeed Private Limited (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cocoa Beans market throughout the forecasted period.
Dennys Group (India), Meridian Cacao Co (United States), Cargill, Incorporated (United States), Daynmerry (India), Tradin Organic Agriculture B.V. (Netherlands), Touton S.A. (France), Kevala (United States), Cocoabean (India), CauCawa e.U. (Austria) and Briofeed Private Limited (United States) are some of the key players profiled in the study. Cocoa Beans Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Beverages, Baking Products, Chocolates & Confectionaries, Cosmetics and Others |
Type | Fine or Flavor and Bulk or Ordinary |
Sales Channel | Online,Offline |
Varieties | Criollo,Forastero,Trinitario,Nacional |
On the basis of geography, the market of Cocoa Beans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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.
Influencing Trend:
Development and Launch of Variety of Cocoa Ingredients in the Market
Market Growth Drivers:
Surging Demand of Cocoa Products in the Chocolate and Confectionery Industries and Increased Demand for High-quality Fine Flavor Cocoa and Single-Origin and Single-Estate Chocolates
Challenges:
Challenges in the Production of Sustainable Cocoa
Restraints:
Allergic Skin Reactions and Constipation Issues in Some People due to Cocoa
Opportunities:
High Growth of Chocolate Market Due to Increased Interest of Households in the Baking and Snacking and Growing Popularity of Specialty Chocolates in the European Market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cocoa Beans Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Market Leaders & Development Strategies
In 2019, Olam Cocoa acquired Indonesia’s largest cocoa processor, BT Cocoa to expand its footprint in Asia and to meet the increasing demand for cocoa ingredients. BT Cocoa is a leading supplier of cocoa to the chocolate and confectionery industries. The acquisition will strengthen Olam’s portfolio and new market opportunities for the company’s cocoa ingredient portfolio.