Market Outlook

Cocoa infusion is useful for providing flavor, taste, and texture to food, in addition to functional and nutritional benefits. Cocoa butter, liquor, and powder are some of the major ingredients used for manufacturing of chocolates. The demand for cocoa infusion is high in confectionery, bakery, food supplements, chocolate based beverages and various other food products. Demand for cocoa infusion can be attributed to its health benefits. It helps in reducing hypertension, improves heart health, provides protection against sunburn, is an antioxidant and also helps in regulating the symptoms of chronic fatigue syndrome. The demand for cocoa butter is rising in the manufacturing of skin care products. The cocoa infusion market has significant end-use potential in food and beverages, pharmaceuticals and cosmetics. The ability to process and use chocolate in different ways can result in the cocoa infusion market's development all throughout the forecast period.

Versatile Applications of Cocoa Infusion is Expected to Bolster the Market Growth

The market for cocoa infusion is expected to have strong growth over the forecast period.  The market for cocoa infusion is mainly driven by its increasing demand for use of chocolate around the world. There is an increase in demand for chocolate coated products such as chocolate coated nuts, biscuits, bars, various fruits and dry fruits, wafers, ice-cream and others. Cocoa liquor is a pure form of chocolate which is a mixture of cocoa powder and cocoa butter. It is an important raw material for manufacturing milk chocolate and dark chocolate which are high in demand because of its health benefits. Moreover is also used in chocolate drinks such as hot chocolate, bakery products, desserts, and ice cream. It is also used in making flavored oral nutritional supplements.  Cocoa butter has its wide applications in cosmetics as it is used for developing skin care products such as creams, lotions and lip balm as it improves blood flow in skin, skin appearance, minimize the appearance of stretch marks, promote healing of rashes, slow aging of the skin and gives protection against UV ray. The boundless use of cocoa infusion is the chief driver for the global market.

Cocoa Infusion Market Segmentation

On the basis of nature, the cocoa infusion market has been segmented as-

  • Organic
  • Conventional

On the basis of form, the cocoa infusion market has been segmented as-

  • Powder
  • Beans
  • Butter
  • Liquor

On the basis of end user, the cocoa infusion market has been segmented as –

  • Confectionery
  • Food & Beverage
  • Cosmetics
  • Pharmaceuticals

On the basis of distribution channel, the cocoa infusion market has been segmented as-

  • B2B
  • B2C
  • Hypermarket/ Supermarkets
  • Convenience Store
  • Online Store

Cocoa Infusion Market: Key Players

The key players operating in cocoa infusion market are Agro Traders Ltd., Bean & Co., Hotel Chocolat Ltd., NOW Health Group Inc., The Hershey Company, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Cargill Incorporated, Meiji Holdings Company, Ltd. Carlyle Cocoa, Jindal Cocoa and United Cocoa Processor, The Barry Callebaut Group, Organic Commodity Products Inc., Nestlé S.A., Ferrero S.P.A., Kraft Foods Inc., Dutch Cocoa B.V., Wilbur Chocolate Company Inc.

Cocoa Infusion Market Opportunities

The cocoa infusion market has been rising since the past decade. It is expected to witness the increase in demand in nutraceutical and food supplement as chocolate is the most common flavor for a protein shake, nutritional bars, drinks mix and other snacks and nutraceutical products. Cocoa infused products are in high demand which in the result is increasing the production of cocoa beans. Cocoa is an important cash crop for farmers in regions such as Africa, East Asia and Latin America which provides livelihood to millions of people. In these regions, there are various research studies going on to improve the quality and production of cocoa. There is a hike in the use of organic chocolate in North America and Europe regions as people nowadays are turning more to use of natural and organic products due to an increase in food safety concerns. The manufacturers are expected to come up with more innovative chocolate and cocoa infusion products for the cocoa infusion market to grow positive during the forecast period.

Cocoa Infusion Market: Regional Outlook

The market for cocoa infusion is growing globally, with its increased use in North America, Asia Pacific, and Europe. Cote d'Ivoire, Belgium, Ghana, Nigeria, Indonesia, Ecuador, and other tropical countries have developed as the worldwide pioneers in the cocoa production. Cocoa infusion market is also increasing in developing countries and countries with lower economies. The ongoing pattern for infusing cocoa as an important ingredient showcase the increasing consumption of cocoa worldwide.  Therefore the market for cocoa infusion is expected to rise over forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the cocoa infusion market, including but not limited to: regional markets, nature, form, end user and distribution channel.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The cocoa infusion market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the cocoa infusion market report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates are included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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