Organic Cocoa Market Scope
Organic Cocoa has developed very dynamically in recent years. There is strong growth in organic food production is increasing on all continents. Producers of cocoa, all located in developing countries have to meet requirements associated with the product of organic products to allow them to export their output to consuming countries. Europe is by far the major market for imports of organic cocoa beans, as well as for processing and manufacturing activities to obtain certified cocoa and chocolate products. Major organic chocolate products currently sold on the North American market are imported from Europe because of a lack of organic certified cocoa processors in the United States and in Canada.
According to AMA, the Global Organic Cocoa market is expected to see growth rate of 20.3%The competitiveness that is, the ability to provide the desired quantity and quality of a specific product in a more economical and timely manner than other suppliers. In high-value agricultural markets, improved cold chain management and transport have facilitated the expansion of global trade, and now producers must compete with suppliers from all over the world. This requires continuous improvements in productivity and quality to meet product specifications of end buyers, cost-efficient, market-ready packaging, timely logistics, and, of course, economies of scale. Research Analyst at AMA estimates that North America Vendors will contribute to the maximum growth of Global Organic Cocoa market throughout the predicted period.
Olam (Singapore), BT Cocoa (Indonesia), Tradin Organic Agriculture B.V. (Netherlands), Conacado Agroindustrial S.A. (Dominican Republic), Barry Callebaut AG (Switzerland), Blommer chocolate company (Switzerland), Mars Inc. (United States), Saco Foods (United States) and Tradin Organic Agriculture B.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Ciranda (United States) and Artisan Confections Company (United States).
Segmentation Overview
The study have segmented the market of Global Organic Cocoa market by Type (Cocoa Powder, Cocoa Paste, Cocoa Butter, Cocoa Beans and Others (Products Containing Cocoa)), by Application (Bakery & Confectionery, Functional Food & Beverages, Personal Care Products and Pharmaceuticals Others) and Region with country level break-up.
On the basis of geography, the market of Organic Cocoa 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).
Influencing Trend:
Trade Channels Are Allow For Growing Volumes of Organic Cocoa
Market Growth Drivers:
Increased Consumer Concern over Food Safety, Strong Demand from Organic Chocolate Market and Government Encourage Farmers to Convert To Organic Farming
Challenges:
Significant Changes in Legislation Have Made More Difficult For Small Producers to Requirements and Supply Side Faces Many Challenges to Meet the Growing Demand
Restraints:
Organic Cocoa Commands a Higher Price than Conventional Cocoa, Which Can Hamper the Growth of Market and Producing Countries Face Many Constraints, Such As the High Costs of Certification by Foreign Organizations and a Lack of Knowledge about Organic Channel
Opportunities:
As Growing Development of the Processor and Manufacturer Industry in North America Would Boost the Availability of Organic Chocolate to American Consumers
Market Leaders and their Expansionary Development Strategies
In May 2023, Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL) has completed the acquisition of a controlling stake in Lotus Chocolate Company Ltd, the company.
In May 2019, AgDevCo announced an investment in organic cocoa from certifies small-holder farmers in Sierra Leone linking them to manufacturers in Europe, USA, and Asia.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Organic Cocoa products Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.