Cocoa and Chocolate Market

Global Cocoa and Chocolate Market: Overview

A popular food and confectionery product across the world, chocolate is derived from combination of cocoa beans extracts or powder or butter and sugar. Milk chocolate is one of the most popular sweet products in the food sector. Players in the global cocoa and chocolate market offer three key types of cocoa products, including cocoa liquor, cocoa powder, and cocoa butter. These products find applications in various end-use industries, such as pharmaceuticals, cosmetics, and food and beverages, among others. Types of chocolate offered by the manufacturers in the global cocoa and chocolate market include milk chocolate, filled chocolate, dark chocolate, and white chocolate. These products are distributed by players through two key channels, I.e., online or eCommerce channels and offline or retail stores.

The professional survey report evaluates the constantly changing landscape of the global cocoa and chocolate market. It examines key trends and new developments that can positively influence the growth trajectory of the global cocoa and chocolate market during the forecast period of 2021 to 2031. It also covers key segments in the industry and provides a detailed segmental analysis of the global cocoa and chocolate market. The research report sheds light on various interconnected factors that can propel substantial growth in the global cocoa and chocolate market over the forecast period i.e., 2021 to 2031. It examines key drivers as well as motivators that can provide players and stakeholders in the market with opportunities for growth and expansion in the global cocoa and chocolate market.

Global Cocoa and Chocolate Market: Major Trends and Drivers

Increasing awareness about health benefits offered by consumption of chocolate products is the key driver for the expansion of the global cocoa and chocolate market. Chocolate can help in reducing stress levels, cortisol, and elevates the mood. Consuming dark chocolate can also help in lowering the risk of high blood pressure. However, the high cost of raw materials, I.e., sugar and cocoa beans, may hamper the expansion of the global cocoa and chocolate market in the coming years. Furthermore, changes in customer preferences as well as the increasing availability of low-cost alternative sweet and confectionery products may also hinder the market’s growth. On the other hand, increasing demand from emerging economies, such as India as well as increasing instances of international players and brands introducing new types of high-end chocolate products is anticipated to thrust growth in the global cocoa and chocolate market in coming years.

Global Cocoa and Chocolate Market: Key Players and Manufacturers

The research report thoroughly inspects the competitive landscape of the global cocoa and chocolate market. It evaluates the key players and participants that operate in the global industry landscape. The study sheds light on the competitive strategies employed by these people to enhance their industry share and size over the forecast period. The research report on the global cocoa and chocolate market also offers detailed insights into the performance of these players, profit margins, costs, and revenue till 2031. Some of the leading participants in the global cocoa and chocolate market include Mondelez International, Meiji Holding Co., Ltd., Olam Group, Cargill Inc., Archer Daniels Midland Company, Mars, Inc., Nestle S. A., Ferrero International, Barry Callebaut, and Cocoa Processing Company, among others.

Global Cocoa and Chocolate Market: Regional Assessment

Geographically, North America accounted for a large share of the global cocoa and chocolate market in recent past. This trend can be attributed to rising demand for chocolate products from regional customers. Furthermore, presence of several key players, such as Mars, Inc., Bloomer Chocolate, Mondelez International, and Hershey’s, also motivates the growth within this regional market. Additionally, growing production as well as consumption of luxury chocolate products in the leading economy of the United States is also expected to foster the growth within the North America cocoa and chocolate market.