Global Cocoa Market Research report presents an in-depth analysis of the Cocoa Market size, growth, share, segments, manufacturers, forecast, competition landscape, and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future roadmap, revenue, and forecast. Moreover, this research report categorizes the global Cocoa Market by companies, region, type, and end-user industry.
The global cocoa market size was valued at $12,874.0 million in 2019, and is estimated to reach $15,501.1 million by 2027, registering a CAGR of 4.3% from 2021 to 2027.
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Major Cocoa Market Manufacturers covered in the market report include:
Blommer Chocolate company
CARGILL INC.
Ciranda, Inc.
GUAN CHONG COCOA MANUFACTURER SDN. BHD.
OLAM INTERNATIONAL LIMITED
THE HERSHEY COMPANY
TOUTON S.A.
United Cocoa Processor Inc.
VJ Jindal Cocoa Private Limited
Key Drivers & Trends
The cocoa or cocoa bean is the seed of the Theobroma cacao (cacao tree), a tropical plant originally belonging to the equatorial regions of Americas. Cocoa is the dried and fermented seed of cacao tree from which cocoa liquor is produced. From this cocoa liquor, cocoa butter and cocoa powder is produced. Cocoa liquor is the main raw material for manufacturing chocolates. The cocoa products such as cocoa liquor, cocoa butter, and cocoa powder are widely used for making confections, used as flavoring in beverages, used as toppings in different foods, and used as fillings in bakery. The cocoa is also used in cosmetics, healthcare, pharmaceuticals and nutraceuticals industry as flavoring and coloring agents. Cocoa is also used to manufacture toiletries because of its aroma and flavor. The wide and growing application of cocoa in different industries is one of the significant factors responsible for propelling the global cocoa market during the forecast period.
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