Cocoa Products Market SWOT Analysis by 2031
Cocoa products are derived from cocoa beans or fermented seeds of Theobroma cacao or cocoa tree. Some of the chief cocoa products include cocoa powder, chocolate, cocoa butter, cocoa liquor, etc. Numerous cocoa products and derivatives of cocoa find applications in end-use industries ranging from chocolate to cosmetic and pharmaceuticals and liquor to pharmaceuticals. Cocoa products such as cocoa powder have been shown to regulate blood pressure and prevent the development of hypertension, lower risk of heart attacks and strokes, and promote the health of skin and teeth.
MARKET DYNAMICS
The rising demand for chocolates and related products such as dark chocolates, milk chocolates, etc. has led to a surge in demand for cocoa products. Burgeoning chocolate consumption per capita and aggressive advertisements and promotional campaigns are undertaken by manufacturers to attract buyers is likely to drive the demand for cocoa products. Furthermore, the use of cocoa butter in the formulation of various personal care and cosmetic products owing to its therapeutic properties is expected to further augment the demand for cocoa products in the forecast period. The demand for organic cocoa products has grown rapidly, as consumers have grown increasingly concerned about food safety along with the impact of cocoa plantations on the environment. However, the threat to the sustainability of cocoa production, rampant use of fertilizers, poor soil fertility, and climate change is likely to affect the production of cocoa products in the forecast period.
MARKET SCOPE
The "Global Cocoa Products Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cocoa products market with detailed market segmentation by product, application, and geography. The global cocoa products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cocoa products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cocoa products market is segmented on the basis of product and application. On the basis of product, the cocoa products market is segmented into, cocoa beans, cocoa butter, cocoa powder & cake, cocoa paste & liquor, and chocolate. On the basis of application, the market is bifurcated into, confectionery, food and beverages, cosmetics, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cocoa products market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cocoa products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cocoa products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cocoa products market in these regions.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cocoa products market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cocoa products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cocoa products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cocoa products market in these regions.
MARKET PLAYERS
The reports cover key developments in the cocoa products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cocoa products market are anticipated to lucrative growth opportunities in the future with the rising demand for cocoa products in the global market. Below mentioned is the list of few companies engaged in the cocoa products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cocoa products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Barry Callebaut AG
- Cargill Inc.
- Cargill, Incorporated
- Ciranda, Inc.
- FUJI OIL CO., LTD.
- Guan Chong Berhad (GCB)
- Puratos Group
- The Hershey Company
- Touton S.A.
- United Cocoa Processor, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cocoa Products Market - By Product
1.3.2 Cocoa Products Market - By Application
1.3.3 Cocoa Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COCOA PRODUCTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COCOA PRODUCTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. COCOA PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. COCOA PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. COCOA PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COCOA PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. COCOA BEANS
7.3.1. Overview
7.3.2. Cocoa Beans Market Forecast and Analysis
7.4. COCOA BUTTER
7.4.1. Overview
7.4.2. Cocoa Butter Market Forecast and Analysis
7.5. COCOA POWDER AND CAKE
7.5.1. Overview
7.5.2. Cocoa Powder and Cake Market Forecast and Analysis
7.6. COCOA PASTE AND LIQUOR
7.6.1. Overview
7.6.2. Cocoa Paste and Liquor Market Forecast and Analysis
7.7. CHOCOLATE
7.7.1. Overview
7.7.2. Chocolate Market Forecast and Analysis
8. COCOA PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONFECTIONERY
8.3.1. Overview
8.3.2. Confectionery Market Forecast and Analysis
8.4. FOOD AND BEVERAGES
8.4.1. Overview
8.4.2. Food and Beverages Market Forecast and Analysis
8.5. COSMETICS
8.5.1. Overview
8.5.2. Cosmetics Market Forecast and Analysis
8.6. PHARMACEUTICALS
8.6.1. Overview
8.6.2. Pharmaceuticals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. COCOA PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cocoa Products Market Overview
9.1.2 North America Cocoa Products Market Forecasts and Analysis
9.1.3 North America Cocoa Products Market Forecasts and Analysis - By Product
9.1.4 North America Cocoa Products Market Forecasts and Analysis - By Application
9.1.5 North America Cocoa Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cocoa Products Market
9.1.5.1.1 United States Cocoa Products Market by Product
9.1.5.1.2 United States Cocoa Products Market by Application
9.1.5.2 Canada Cocoa Products Market
9.1.5.2.1 Canada Cocoa Products Market by Product
9.1.5.2.2 Canada Cocoa Products Market by Application
9.1.5.3 Mexico Cocoa Products Market
9.1.5.3.1 Mexico Cocoa Products Market by Product
9.1.5.3.2 Mexico Cocoa Products Market by Application
9.2. EUROPE
9.2.1 Europe Cocoa Products Market Overview
9.2.2 Europe Cocoa Products Market Forecasts and Analysis
9.2.3 Europe Cocoa Products Market Forecasts and Analysis - By Product
9.2.4 Europe Cocoa Products Market Forecasts and Analysis - By Application
9.2.5 Europe Cocoa Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cocoa Products Market
9.2.5.1.1 Germany Cocoa Products Market by Product
9.2.5.1.2 Germany Cocoa Products Market by Application
9.2.5.2 France Cocoa Products Market
9.2.5.2.1 France Cocoa Products Market by Product
9.2.5.2.2 France Cocoa Products Market by Application
9.2.5.3 Italy Cocoa Products Market
9.2.5.3.1 Italy Cocoa Products Market by Product
9.2.5.3.2 Italy Cocoa Products Market by Application
9.2.5.4 United Kingdom Cocoa Products Market
9.2.5.4.1 United Kingdom Cocoa Products Market by Product
9.2.5.4.2 United Kingdom Cocoa Products Market by Application
9.2.5.5 Russia Cocoa Products Market
9.2.5.5.1 Russia Cocoa Products Market by Product
9.2.5.5.2 Russia Cocoa Products Market by Application
9.2.5.6 Rest of Europe Cocoa Products Market
9.2.5.6.1 Rest of Europe Cocoa Products Market by Product
9.2.5.6.2 Rest of Europe Cocoa Products Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cocoa Products Market Overview
9.3.2 Asia-Pacific Cocoa Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Cocoa Products Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cocoa Products Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cocoa Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cocoa Products Market
9.3.5.1.1 Australia Cocoa Products Market by Product
9.3.5.1.2 Australia Cocoa Products Market by Application
9.3.5.2 China Cocoa Products Market
9.3.5.2.1 China Cocoa Products Market by Product
9.3.5.2.2 China Cocoa Products Market by Application
9.3.5.3 India Cocoa Products Market
9.3.5.3.1 India Cocoa Products Market by Product
9.3.5.3.2 India Cocoa Products Market by Application
9.3.5.4 Japan Cocoa Products Market
9.3.5.4.1 Japan Cocoa Products Market by Product
9.3.5.4.2 Japan Cocoa Products Market by Application
9.3.5.5 South Korea Cocoa Products Market
9.3.5.5.1 South Korea Cocoa Products Market by Product
9.3.5.5.2 South Korea Cocoa Products Market by Application
9.3.5.6 Rest of Asia-Pacific Cocoa Products Market
9.3.5.6.1 Rest of Asia-Pacific Cocoa Products Market by Product
9.3.5.6.2 Rest of Asia-Pacific Cocoa Products Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cocoa Products Market Overview
9.4.2 Middle East and Africa Cocoa Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Cocoa Products Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cocoa Products Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cocoa Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cocoa Products Market
9.4.5.1.1 South Africa Cocoa Products Market by Product
9.4.5.1.2 South Africa Cocoa Products Market by Application
9.4.5.2 Saudi Arabia Cocoa Products Market
9.4.5.2.1 Saudi Arabia Cocoa Products Market by Product
9.4.5.2.2 Saudi Arabia Cocoa Products Market by Application
9.4.5.3 U.A.E Cocoa Products Market
9.4.5.3.1 U.A.E Cocoa Products Market by Product
9.4.5.3.2 U.A.E Cocoa Products Market by Application
9.4.5.4 Rest of Middle East and Africa Cocoa Products Market
9.4.5.4.1 Rest of Middle East and Africa Cocoa Products Market by Product
9.4.5.4.2 Rest of Middle East and Africa Cocoa Products Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cocoa Products Market Overview
9.5.2 South and Central America Cocoa Products Market Forecasts and Analysis
9.5.3 South and Central America Cocoa Products Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cocoa Products Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cocoa Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cocoa Products Market
9.5.5.1.1 Brazil Cocoa Products Market by Product
9.5.5.1.2 Brazil Cocoa Products Market by Application
9.5.5.2 Argentina Cocoa Products Market
9.5.5.2.1 Argentina Cocoa Products Market by Product
9.5.5.2.2 Argentina Cocoa Products Market by Application
9.5.5.3 Rest of South and Central America Cocoa Products Market
9.5.5.3.1 Rest of South and Central America Cocoa Products Market by Product
9.5.5.3.2 Rest of South and Central America Cocoa Products Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COCOA PRODUCTS MARKET, KEY COMPANY PROFILES
11.1. BARRY CALLEBAUT AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARGILL, INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CIRANDA, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FUJI OIL CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GUAN CHONG BERHAD (GCB)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PURATOS GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THE HERSHEY COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOUTON S.A.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNITED COCOA PROCESSOR, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Barry Callebaut AG
2. Cargill Inc.
3. Cargill, Incorporated
4. Ciranda, Inc.
5. FUJI OIL CO., LTD.
6. Guan Chong Berhad (GCB)
7. Puratos Group
8. The Hershey Company
9. Touton S.A.
10. United Cocoa Processor, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For