Skip to main content

Cocoa and Chocolate Market Worth $61.34 Billion by 2027; Emphasis on Bean-to-bar Concept will Aid Growth, Says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, India, Feb. 24, 2021 (GLOBE NEWSWIRE) — According to Fortune Business Insights™, the global cocoa and chocolate market size is set to gain impetus from the increasing demand for premiumized offerings and specialty chocolate products. This is mainly occurring because of the rising emphasis on the bean-to-bar concept. Fortune Business Insights™ provided this information in a new report, titled, “Cocoa and Chocolate Market Size, Share & COVID-19 Impact Analysis, By Type (Cocoa Butter, Cocoa Liquor, Cocoa Powder, Dark Chocolate, Milk Chocolate, White Chocolate, and Filled Chocolate), By Application (Food & Beverages, Cosmetics, Pharmaceuticals, and Others), and Regional Forecast, 2020-2027.” The report further states that the global market size was $44.35 billion in 2019 and is projected to reach $61.34 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period.The outbreak of the COVID-19 pandemic is causing heavy losses for several industries. They are reducing the workforce and are maintaining social distancing to keep up with the ‘new normal.’ Some of them have also halted their operations to prevent the transmission of the virus. Our reports are specially created to offer elaborate details about the current situation and its effects on every market.
This Report Answers the Following Questions:What are the market growth drivers, hindrances, & opportunities?How will the companies surge sales of cocoa & chocolates?Which region is expected to dominate the market in future?Which segment is set to lead the market in the coming years?
Get Sample PDF Brochure with Impact of COVID-19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cocoa-and-chocolate-market-100075
List of Top companies profiled in the global Cocoa and Chocolate Market are:Barry Callebaut, AG (Zürich, Switzerland)Cargill, Inc. (Minnesota, U.S.)Nestle S.A. (Vevey, Switzerland)Olam International (Singapore)Fuji Oil Company Ltd. (Osaka, Japan)ECOM Agroindustrial Corporation Ltd. (Pully, Switzerland)Cocoa Processing Co. Ltd.Touton S.A. (Bordeaux, France)Niche Cocoa Industry Ltd. (Tema, Ghana)BD Associates Ghana Ltd. (Tema, Ghana)
Drivers & Restraints-High Demand for Specialty Cocoa Beans to Augment GrowthThe increasing demand for specialty & premium chocolates, especially in the developed countries, such as Germany, Belgium, France, and the U.S. since the past few years is set to boost the cocoa and chocolate market growth in the near future. Apart from that, consumers nowadays are getting very conscious about the ingredients used in chocolates as some of them are affected by allergies caused because of lactose, while the others are inclining towards vegan cocoa and chocolate products. Also, the increasing preference towards specialty cocoa beans is expected to spur the market growth.However, the COVID-19 pandemic has caused a sudden slump in the sales and production of these chocolates. People are purchasing healthy products to boost their immunity and are focusing on buying other essentials, instead of premium chocolates. This factor may hinder growth.
Segment-Cocoa Ingredients Segment to Grow Rapidly Owing to Their Wide ApplicationsBased on type, the market is bifurcated into chocolate & cocoa ingredients. Out of these, the cocoa ingredients segment generated 45.7% cocoa & chocolate market share in 2019. It is anticipated to grow rapidly in the forthcoming years on account of its usage in a variety of products, such as indulgent baked commodities, ice cream, nutritional drinks, non-alcoholic beverages, and confectionery.
Browse Summary of This Research with Table of Content:https://www.fortunebusinessinsights.com/industry-reports/cocoa-and-chocolate-market-100075
Regional Analysis-Increasing Trend of Consuming Sugar-free Products to Favor Growth in EuropeIn 2019, North America held USD 9.55 billion in terms of revenue. The region and Europe have been in the leading positions for being the major importers of cocoa and chocolate products. Europe has huge growth potential owing to the ongoing trends of consuming sugar-free, low-fat, and fat-free cocoa and chocolate products. Asia Pacific is anticipated to exhibit a significant CAGR in the coming years stoked by the surging demand for chocolate confectioneries from the developing nations, such as India and China.
Competitive Landscape-Key Players Focus on Unique Product Developments to Fulfil Consumer DemandThe market possesses a highly consolidated structure. The key companies are focusing on research and development activities to create new cocoa & chocolate products to cater to the transforming needs of the consumers.
Below are two of the latest industry developments:January 2020: Nestlé unveiled its latest KitKat Gold that provides a delicious blend of smooth milk chocolate and smooth milk chocolate, topped with sweet caramel notes and sweet caramel notes. It will be available across Europe and other specific countries throughout 2020.July 2019: Nestlé developed a novel chocolate made out of the cocoa fruit. The only ingredients present in the product are pulp and beans. It doesn’t have any refined sugar. It will soon be launched in Japan and is considered to be the first 70% dark chocolate made entirely out of cocoa fruits.
Order a Complete Research Report with Impact of COVID-19:https://www.fortunebusinessinsights.com/checkout-page/100075
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/Related MarketSupply Chain and Regulatory AnalysisRecent Industry Developments – Policies, Partnerships, New Source  Launches, and Mergers & AcquisitionsCocoa Price & Trade AnalysisQualitative Analysis (In relation to COVID-19)Impact of COVID-19Supply Chain ChallengesPotential Opportunities due to COVID-19Global Cocoa and Chocolate Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By TypeCocoa IngredientsCocoa ButterCocoa LiquorCocoa PowderChocolateDarkWhiteMilkFilledBy ApplicationFood & BeveragesConfectioneryBakeryDairyOthersCosmeticsPharmaceuticalsOthersBy RegionNorth AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/cocoa-and-chocolate-market-100075Have a Look at Related Research Insights:Real and Compound Chocolate Market Size, Share & Industry Analysis, By Type (Real Chocolate and Compound Chocolate), By Form (Chips, Slabs, Coatings, and Others), By Application (Confectionery, Bakery, Dairy and Frozen Products, Beverages, and Others), and Regional Forecasts, 2019 – 2026Chocolate Confectionery Industry Share, Size & Market Analysis, By Type (Dark, Milk, and White), By Category (Premium, Seasonal, and Every Day), and Regional Forecast, 2019 – 2026Milk Chocolate Market Size, Share & Industry Analysis, By Form (Candies, Bars, Chocolate Coated Nuts, Chocolate Chips, Others), By Nature (Conventional, Organic), By Distribution Channel (Hypermarkets/Supermarkets, Retail Stores, Specialty Stores, Online Channels) and Regional Forecast, 2019-2026Confectionery Market Size, Share & Industry Analysis, By Type (Chocolate, Sugar, and Gums), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Departmental Stores, and Online Retails), and Regional Forecast, 2019 – 2026Compound Chocolate Market Size, Share and Global Trend By Type (Chip, Slab, Coatings, Others), By Application (Confectionery, Bakery, Dairy, Others), and Geography Forecast till 2026
About UsFortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand current competitive challenges.Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.Phone:
US:+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™Linkedin | Twitter | BLogs
Read Press Release:https://www.fortunebusinessinsights.com/press-release/cocoa-and-chocolate-market-9067

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.