Wilmington, USA (Bloggeriya) June 23, 2023 – According to a comprehensive market study by RationalStat the global cocoa market has been assessed according to different market segments, such as the type, form, nature, process end users and regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also gives global and regional market sizes for the period from 2019-2022, and the forecast period 2019-2028.
Market intelligence for the global cocoa market covers market sizes based on market value (US$/EUR Million) and volume (‘000 units/tons/liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
Furthermore, it provides the long-term outlook for the sector, products and services 10-year outlook and its impact for the industry. The report also covers the state of the industry today production levels, capacity utilization, tech quotient, etc. The most important information is manufacturing capacity per country and installed base and import volumes and market size, as well as the key players and their market size, dynamic market data, and insight.
Period Covered include data for 2019-2028 along with year-wise demand estimations
The cocoa market report analyzes the market in light of global economic conditions, regional geopolitics, import-export scenarios, trade tariffs and market trends organic and organic strategies mergers and acquisitions new product launches, policies of the government and further capacity expansion technological advancements R&D investments, new market entry rates, replacing rates and penetration rate the size of the installed base/fleet globally and regional production capacities, and many more.
RationalStat offers market analysis and consultation studies on the basis of robust and dedicated desk/secondary research, backed by an internal data repository. Furthermore, the research draws on data based on live insights through interviews with primary sources. Market estimates and insights are founded upon first-hand research (covering over 240 organizations) and secondary research using benchmarking from around the globe.
The report on global cocoa markets includes the value chain and the supply chain analyses, which provide detailed information on the margins of value chains and the role of various stakeholders across the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the competition analysis section, the global cocoa market provides a thorough competition benchmarking analysis based on the market share of the leading companies/brands/ producers/suppliers, a market structure overview with detailed company profiles of more than 25 players with their financials, product/service offerings, major developments, business models, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment
In the most recent RationalStat report, the analysis shows that geopolitical conflict and the inflation are the most frequently mentioned economic threats, whereas concerns regarding the risk of volatility in the energy sector are prevalent in Europe and across the globe. One of the dangers to the growth of the economy in the top regions, such as Asia Pacific, Europe, North America, the Middle East and Africa and the other developing regions, include the rising cost of energy, inflation supply chain disruptions, labor shortages, geopolitical instability and rising interest rates and the COVID-19 pandemic.
The global economy was hit with severe headwinds throughout 2019-2021 when some countries saw moderate growth and others struggled with economic slowdowns. The COVID-19 virus has caused excessive pressure on all industries globally and caused a massive financial crisis across the US, India, Italy, the UK, Germany, Japan, South Korea, and many others. In addition, the exit of UK from the European Union earlier in 2020 and the war between Russia and Ukraine in 2022 have exacerbated the ever-increasing global anxiety.
In addition, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia-Ukraine war and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.
Competition Analysis and Market Structure
These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global cocoa market include,
In September 2021, Barry Callebaut completed the acquisition of Europe Chocolate Company (ECC), the reason behind the acquisition was to supply a wide variety of customers with highly customized products.
oThe acquisition was part of Barry Callebaut’s ambition to broaden its supply of highly customized chocolate goods to a broader audience. ECC is well-
known for providing high-quality chocolate products that are adapted to the unique needs of its customers.
In August 2021, Cargill agreed to acquire Aalst Chocolate Pte. Ltd., a Singapore-based world-class chocolate manufacturer to capture Asian Market.
oBy acquiring Aalst Chocolate Cargill was able to extend its chocolate product assortment and get access to new markets in Asia. Cargill also gained access to Aalst Chocolate’s manufacturing facilities and expertise, which will help the firm improve its production capacities and better satisfy the needs of its clients in the region.
Some of the prominent players that contribute significantly to the cocoa market growth include Barry Callebaut AG, Blommer Chocolate Company, CARGILL INC., Ciranda, Inc., GUAN CHONG COCOA MANUFACTURER SDN. BHD, OLAM INTERNATIONAL LIMITED, THE HERSHEY COMPANY, United Cocoa Processor, Inc., VJ Jindal Cocoa Private Limited, Fuji Oil Company Ltd., ECOM Agroindustrial Corporation Ltd, Cocoa Processing Co. Ltd., Touton S.A, Niche Cocoa Industry Ltd., BD Associates Ghana Ltd., and PLOT Enterprises Ghana Ltd. among Others.
RationalStat has segmented the global cocoa market based on type, form, nature, process end user, and region
oGlobal Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Type
oCriollo
oTrinitario
oNacional
oForastero
oGlobal Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Form
oButter
oLiquor
oPowder
oGlobal Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Nature
oOrganic Cocoa
oConventional Cocoa
oGlobal Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Process
oNatural Process
oDutch Process
oGlobal Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by End User
oConfectionery
oFood and Beverages
oPharmaceutical
oOthers (Cosmetics)
o Global Cocoa Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Region
oNorth America Cocoa Market
US
Canada
oLatin America Cocoa Market
Brazil
Mexico
Rest of Latin America
oWestern Europe Cocoa Market
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
oEastern Europe Cocoa Market
Russia
Poland
Hungary
Other CIS Countries
Rest of Eastern Europe
oAsia Pacific Cocoa Market
China
Japan
India
South Korea
Australia
ASEAN
Indonesia
Thailand
Philippines
Vietnam
Malaysia
Rest of ASEAN
Rest of Asia Pacific
oMiddle East & Africa Cocoa Market
GCC
Saudi Arabia (KSA)
United Arab Emirates (UAE)
Rest of the GCC
South Africa
Nigeria
Turkey
Rest of the Middle East & Africa
Leading Companies and Market Players
oBarry Callebaut AG
oBlommer Chocolate Company
oCARGILL INC.
oCiranda, Inc.
oGUAN CHONG COCOA MANUFACTURER SDN. BHD
oOLAM INTERNATIONAL LIMITED
oTHE HERSHEY COMPANY
oUnited Cocoa Processor, Inc.
oVJ Jindal Cocoa Private Limited
oFuji Oil Company Ltd.
oECOM Agroindustrial Corporation Ltd
oCocoa Processing Co. Ltd.
oTouton S.A
oNiche Cocoa Industry Ltd.
oBD Associates Ghana Ltd.
oPLOT Enterprises Ghana Ltd.
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Key Questions Answered in the Cocoa Report:
What will be the market value of the global Cocoa market by 2028?
What is the market size of the global Cocoa Market?
What are the market drivers of the global Cocoa Market?
What are the key trends in the global Cocoa Market?
Which is the leading region in the global Cocoa Market?
What are the major companies operating in the global Cocoa Market?
What are the market shares by key segments in the global Cocoa Market?
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