Cocoa Derivatives Market Size, Share and Demand Report 2028
The cocoa derivatives market size is expected to grow from US$ 27,807.13 million in 2022 to US$ 37,799.86 million by 2028; it is estimated register a CAGR of 5.3% from 2022 to 2028.
Cocoa derivatives are cocoa products derived from the processing of cocoa. The types of cocoa derivatives include cocoa beans, cocoa butter, and cocoa powder. These derivatives are also available in organic and conventional categories. The demand for organic and Fairtrade-certified cocoa beans is growing in the global market. Consumers are inclined toward consuming safer products that help them maintain overall health. The rising interest in pesticide-free food products positively affects the demand for organically grown cocoa. According to the World of Organic Agriculture 2022 report by the Research Institute of Organic Agriculture (FiBL) and the International Federation of Organic Agriculture Movements (IFOAM), the cultivation area of organic cocoa across the world reached 3.1% in 2020. Further, Lindt & Sprüngli have indicated that their organic cocoa products sales in Europe are growing at a much faster pace than overall cocoa products sales. Thus, manufacturers are adding organic products to their portfolios to cater to the increasing demand. For instance, Barry Callebaut offers domestically produced, organic-certified, non-alkalized cocoa powder.
In 2022, Europe held the largest share of the cocoa derivatives market. The market in Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The market growth in the region is attributed to the increasing popularity of gourmet chocolates among Europeans. Hence, different high-end chocolate brands have extensively been looking for ways to differentiate their products, along with focusing on sourcing single-estate products. Thus, the demand for high-quality cocoa and single-origin cocoa flavors is on the rise in the region. For instance, Valrhona Inc., the world's finest chocolate producer based in France, has been harvesting cocoa beans from Maria Trinidad Sanchez, a single-origin cocoa estate from Further, consumer inclination toward healthy living triggers the demand for superior-quality cocoa derivatives, such as cocoa butter, cocoa powder, and cocoa beans.
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Cocoa Derivatives Market: Strategic Insights
Market Size Value in US$ 27,807.13 million in 2022 Market Size Value by US$ 37,799.86 million by 2028 Growth rate CAGR of 5.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Cocoa Derivatives Market: Strategic Insights
| Market Size Value in | US$ 27,807.13 million in 2022 |
| Market Size Value by | US$ 37,799.86 million by 2028 |
| Growth rate | CAGR of 5.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Cocoa Derivatives Market
The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage industry. The shutdown of manufacturing units led to disturbances in global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Moreover, the bans imposed by governments of various countries in Europe, Asia Pacific, and North America on international travel compelled companies to temporarily discontinue their collaboration and partnership plans. All these factors hampered various industries in 2020 and early 2021, thereby restraining the growth of various markets.
Changes in socioeconomic situations negatively impacted the consumption pattern of premium products in 2020. The restrictions imposed by governments of several countries in the world during the global crisis caused financial losses for farmers growing cocoa in small yet relevant cocoa-producing countries as the production surpassed the demand in the initial months of the pandemic. This led to a significant decline in the prices of cocoa. According to the International Cocoa Organization (ICCO), in New York, cocoa contract prices averaged ~US$ 2,528 per ton in January 2021, registering a 6% decrease compared to prices in the previous year (US$ 2,675 per ton). Moreover, the shutdown of facilities in the personal care, and food & beverages industries affected the performance of the cocoa derivatives market.
In 2021, several economies resumed operations as governments announced relaxation in the previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps, and other repercussions. As a majority of the global population was fully vaccinated by 2021, the cocoa derivatives manufacturers focused on scaling up production operations to revive their businesses.
Market Insights
Strategic Developments by Key Players Favor Cocoa Derivatives Market Growth
In September 2020, Olam Group Ltd launched Olam Cocoa for professionals, making its premium deZaan cocoa powders available to restaurants, caterers, and patisseries. The strategy aimed to cater to the rising demand for high-quality cocoa ingredients from professional chefs and bakers. Such strategic developments by key players in the market are expected to propel the growth of the cocoa derivatives market in the coming years.
Type Insights
Based on type, the cocoa derivatives market is segmented into cocoa beans, cocoa butter, cocoa powder, and others. The cocoa beans segment held the largest market share in 2022, and the cocoa powder segment is expected to register the highest CAGR during the forecast period. Cocoa powder is an unsweetened powder obtained by crunching cocoa beans extracted from the fruits of cocoa trees. The chocolate liquor is pressed to remove cocoa butter, and the residual cocoa solids are then processed to create a fine unsweetened cocoa powder. The increasing consumer inclination toward better flavor, color, and texture drives demand for cocoa powder.
Application Insights
Based on application, the cocoa derivatives market is segmented into food and beverages, personal care, and others. Cocoa derivates are widely used in making bakery products, beverages, confectioneries, dairy products, and snacks. However, an emerging demand for clean-label and vegan products is resulting in burgeoning sales of plant-based ingredients, such as cocoa butter, cocoa powder, cocoa nibs, and cocoa liquor. Hence, the increasing demand for plant-based products in food & beverage industry fueling the cocoa derivatives market growth. Olam International, and Cargill, Incorporated are the major manufacturers offering cocoa derivatives for food & beverage applications.
Olam Group Ltd, Indcre SA, Cargill Inc, Natra SA, JB Foods Ltd, Ecuakao Group Ltd, United Cocoa Processor Inc, Barry Callebaut AG, Moner Cocoa SA, and Altınmarka Gıda San ve Tic AS are among the major players operating in the cocoa derivatives market. These companies mainly focus on product innovation to expand their market size and follow emerging trends.
Cocoa Derivatives Market Report Scope
Report Spotlights
- Progressive industry trends in the cocoa derivatives market to help companies develop effective long-term strategies
- Business growth strategies adopted by market players in developed and developing countries
- Quantitative analysis of the market from 2022 to 2028
- Estimation of global demand for cocoa derivatives
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the cocoa derivatives market
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and growth drivers and restraints in the cocoa derivatives market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the cocoa derivatives market at various nodes
- Detailed overview and segmentation of the market and growth dynamics of the cocoa derivatives industry
- Size of the cocoa derivatives market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Category, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rising demand for cocoa-based confectioneries and the utilization of cocoa as a sustainable beauty ingredient by the cosmetic industry are some of the key driving factors for the cocoa derivatives market.
Based on application, personal care is the fastest-growing segment in the cocoa derivatives market due to its high antioxidant properties and its richness in flavanols.
Europe accounted for the largest share of the global cocoa derivatives market. The market growth is attributed to the increasing popularity of specialty chocolates among the European population which boost the demand for cocoa derivatives.
Based on the type, the cocoa beans segment accounted for the largest revenue share as it promotes healthy digestion due to their fibre content. The fibre content helps soften bowel movements, prevent haemorrhoids and help with other digestive conditions. it finds wide application in industries such as food & beverage, confectionery, and pharmaceuticals.
Increasing demand for organic and fairtrade cocoa derivatives is further expected to create lucrative opportunities for cocoa derivatives market growth.
The major players operating in the global cocoa derivatives market are Olam Group Ltd, Indcre SA, Cargill Inc, Natra SA, JB Foods Ltd , Ecuakao Group Ltd, United Cocoa Processor Inc, Barry Callebaut AG, Moner Cocoa SA, Altınmarka Gıda San ve Tic AS among few others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Cocoa Derivatives Market, by Type
1.3.2 Cocoa Derivatives Market, by Category
1.3.3 Cocoa Derivatives Market, by Application
1.3.4 Cocoa Derivatives Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Cocoa Derivatives Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End Use Industry:
4.4 Expert Opinion
5. Cocoa Derivatives Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Improvement Rising Demand for Cocoa-Based Confectioneries
5.1.2 Utilization of Cocoa as Sustainable Beauty Ingredient in Cosmetics Industry
5.2 Market Restraints
5.2.1 Fluctuations in Prices of Cocoa
5.3 Opportunities
5.3.1 Demand for Organic and Fairtrade Cocoa Derivatives
5.4 Future Trends
5.4.1 Clean-Label Products
5.5 Impact Analysis
6. Cocoa Derivatives – Global Market Analysis
6.1 Cocoa Derivatives Market Overview
6.2 Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Cocoa Derivatives Market Players
7. Cocoa Derivatives Market Analysis – By Type
7.1 Overview
7.2 Cocoa Derivatives Market, By Type (2021 and 2028)
7.3 Cocoa Butter
7.3.1 Overview
7.3.2 Cocoa Butter: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cocoa Beans
7.4.1 Overview
7.4.2 Cocoa Beans: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cocoa Powder
7.5.1 Overview
7.5.2 Cocoa Powder: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
8. Cocoa Derivatives Market Analysis – By Category
8.1 Overview
8.2 Cocoa Derivatives Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9. Cocoa Derivatives Market Analysis – By Application
9.1 Overview
9.2 Cocoa Derivatives Market, By Application (2021 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Personal Care
9.4.1 Overview
9.4.2 Personal Care: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10. Cocoa Derivatives Market – Geographic Analysis
10.1 Overview
10.2 North America: Cocoa Derivatives Market
10.2.1 North America: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Cocoa Derivatives Market, By Type
10.2.3 North America: Cocoa Derivatives Market, by Category
10.2.4 North America: Cocoa Derivatives Market, by Application
10.2.5 North America: Cocoa Derivatives Market, by Key Country
10.2.5.1 US: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Cocoa Derivatives Market, By Type
10.2.5.1.2 US: Cocoa Derivatives Market, by Category
10.2.5.1.3 US: Cocoa Derivatives Market, by Application
10.2.5.2 Canada: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Cocoa Derivatives Market, By Type
10.2.5.2.2 Canada: Cocoa Derivatives Market, by Category
10.2.5.2.3 Canada: Cocoa Derivatives Market, by Application
10.2.5.3 Mexico: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Cocoa Derivatives Market, By Type
10.2.5.3.2 Mexico: Cocoa Derivatives Market, by Category
10.2.5.3.3 Mexico: Cocoa Derivatives Market, by Application
10.3 Europe: Cocoa Derivatives Market
10.3.1 Europe: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Cocoa Derivatives Market, By Type
10.3.3 Europe: Cocoa Derivatives Market, by Category
10.3.4 Europe: Cocoa Derivatives Market, by Application
10.3.5 Europe: Cocoa Derivatives Market, by Key Country
10.3.5.1 Germany: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Cocoa Derivatives Market, By Type
10.3.5.1.2 Germany: Cocoa Derivatives Market, by Category
10.3.5.1.3 Germany: Cocoa Derivatives Market, by Application
10.3.5.2 UK: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 UK: Cocoa Derivatives Market, By Type
10.3.5.2.2 UK: Cocoa Derivatives Market, by Category
10.3.5.2.3 UK: Cocoa Derivatives Market, by Application
10.3.5.3 France: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 France: Cocoa Derivatives Market, By Type
10.3.5.3.2 France: Cocoa Derivatives Market, by Category
10.3.5.3.3 France: Cocoa Derivatives Market, by Application
10.3.5.4 Italy: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Italy: Cocoa Derivatives Market, By Type
10.3.5.4.2 Italy: Cocoa Derivatives Market, by Category
10.3.5.4.3 Italy: Cocoa Derivatives Market, by Application
10.3.5.5 Russia: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Cocoa Derivatives Market, By Type
10.3.5.5.2 Russia: Cocoa Derivatives Market, by Category
10.3.5.5.3 Russia: Cocoa Derivatives Market, by Application
10.3.5.6 Rest of Europe: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Cocoa Derivatives Market, By Type
10.3.5.6.2 Rest of Europe: Cocoa Derivatives Market, by Category
10.3.5.6.3 Rest of Europe: Cocoa Derivatives Market, by Application
10.4 Asia Pacific: Cocoa Derivatives Market
10.4.1 Asia Pacific: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Cocoa Derivatives Market, By Type
10.4.3 Asia Pacific: Cocoa Derivatives Market, by Category
10.4.4 Asia Pacific: Cocoa Derivatives Market, by Application
10.4.5 Asia Pacific: Cocoa Derivatives Market, by Key Country
10.4.5.1 China: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Cocoa Derivatives Market, By Type
10.4.5.1.2 China: Cocoa Derivatives Market, by Category
10.4.5.1.3 China: Cocoa Derivatives Market, by Application
10.4.5.2 Japan: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 Japan: Cocoa Derivatives Market, By Type
10.4.5.2.2 Japan: Cocoa Derivatives Market, by Category
10.4.5.2.3 Japan: Cocoa Derivatives Market, by Application
10.4.5.3 India: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Cocoa Derivatives Market, by Type
10.4.5.3.2 India: Cocoa Derivatives Market, by Category
10.4.5.3.3 India: Cocoa Derivatives Market, by Application
10.4.5.4 Australia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Australia: Cocoa Derivatives Market, By Type
10.4.5.4.2 Australia: Cocoa Derivatives Market, by Category
10.4.5.4.3 Australia: Cocoa Derivatives Market, by Application
10.4.5.5 South Korea: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Cocoa Derivatives Market, By Type
10.4.5.5.2 South Korea: Cocoa Derivatives Market, by Category
10.4.5.5.3 South Korea: Cocoa Derivatives Market, by Application
10.4.5.6 Rest of Asia Pacific: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Cocoa Derivatives Market, By Type
10.4.5.6.2 Rest of Asia Pacific: Cocoa Derivatives Market, by Category
10.4.5.6.3 Rest of Asia Pacific: Cocoa Derivatives Market, by Application
10.5 Middle East & Africa: Cocoa Derivatives Market
10.5.1 Middle East & Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East & Africa: Cocoa Derivatives Market, By Type
10.5.3 Middle East & Africa: Cocoa Derivatives Market, by Category
10.5.4 Middle East & Africa: Cocoa Derivatives Market, by Application
10.5.5 Middle East & Africa: Cocoa Derivatives Market, by Key Country
10.5.5.1 Saudi Arabia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 Saudi Arabia: Cocoa Derivatives Market, By Type
10.5.5.1.2 Saudi Arabia: Cocoa Derivatives Market, by Category
10.5.5.1.3 Saudi Arabia: Cocoa Derivatives Market, by Application
10.5.5.2 UAE: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Cocoa Derivatives Market, By Type
10.5.5.2.2 UAE: Cocoa Derivatives Market, by Category
10.5.5.2.3 UAE: Cocoa Derivatives Market, by Application
10.5.5.3 South Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 South Africa: Cocoa Derivatives Market, By Type
10.5.5.3.2 South Africa: Cocoa Derivatives Market, by Category
10.5.5.3.3 South Africa: Cocoa Derivatives Market, by Application
10.5.5.4 Rest of Middle East & Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of Middle East & Africa: Cocoa Derivatives Market, by Type
10.5.5.4.2 Rest of Middle East & Africa: Cocoa Derivatives Market, by Category
10.5.5.4.3 Rest of Middle East & Africa: Cocoa Derivatives Market, by Application
10.6 South & Central America: Cocoa Derivatives Market
10.6.1 South & Central America: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South & Central America: Cocoa Derivatives Market, By Type
10.6.3 South & Central America: Cocoa Derivatives Market, by Category
10.6.4 South & Central America: Cocoa Derivatives Market, by Application
10.6.5 South & Central America: Cocoa Derivatives Market, by Key Country
10.6.5.1 Brazil: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Cocoa Derivatives Market, By Type
10.6.5.1.2 Brazil: Cocoa Derivatives Market, by Category
10.6.5.1.3 Brazil: Cocoa Derivatives Market, by Application
10.6.5.2 Argentina: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Cocoa Derivatives Market, By Type
10.6.5.2.2 Argentina: Cocoa Derivatives Market, by Category
10.6.5.2.3 Argentina: Cocoa Derivatives Market, by Application
10.6.5.3 Rest of South & Central America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South & Central America: Cocoa Derivatives Market, By Type
10.6.5.3.2 Rest of South & Central America: Cocoa Derivatives Market, by Category
10.6.5.3.3 Rest of South & Central America: Cocoa Derivatives Market, by Application
11. Impact of COVID-19 Pandemic on Cocoa Derivatives Market
11.1 Impact of COVID-19 on Cocoa Derivatives Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product launch
12.2 Expansion
13. Company Profiles
13.1 Olam Group Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Indcre SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cargill Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Natra SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 JB Foods Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ecuakao Group Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 United Cocoa Processor Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Barry Callebaut AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Moner Cocoa SA
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Alt?nmarka G?da San ve Tic AS
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 9. US Cocoa Derivatives Market, Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 11. US Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. United States Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 13. Canada Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 17. Mexico Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 21. Europe: Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Europe Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 25. Germany Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 29. UK Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 31. UK Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. United Kingdom Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 33. France Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. France Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 35. France Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. France Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 37. Italy Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Italy Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 39. Italy Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Italy Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 41. Russia Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Russian Federation Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 45. Rest of Europe Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Europe Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 49. Asia Pacific Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Asia Pacific Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 51. Asia Pacific: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Asia Pacific Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 53. China Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. China Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 55. China Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. China Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 57. Japan Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Japan Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 59. Japan Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 60. Japan Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 61. India Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. India Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 63. India Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 64. India Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 65. Australia Cocoa Derivatives Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. Australia Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 67. Australia Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. Australia Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 69. South Korea Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 73. Rest of Asia Pacific Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of Asia Pacific Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of Asia Pacific Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of Asia Pacific Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 77. Middle East & Africa Cocoa Derivatives Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. Middle East & Africa Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 79. Middle East & Africa: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 80. Middle East and Africa Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 81. Saudi Arabia Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Saudi Arabia Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 83. Saudi Arabia Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 84. Saudi Arabia Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 85. UAE Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 86. UAE Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 87. UAE Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 88. United Arab Emirates Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 89. South Africa Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 90. South Africa Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 91. South Africa Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 92. South Africa Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 93. Rest of Middle East & Africa Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of Middle East & Africa Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of Middle East & Africa Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of Middle East and Africa Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 97. South & Central America Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 98. South & Central America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 99. South & Central America: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 100. South and Central America Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 101. Brazil Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 102. Brazil Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 105. Argentina Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Argentina Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 109. Rest of South & Central America Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Rest of South & Central America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of South & Central America Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of South and Central America Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)
Table 113. Glossary of Terms, Global Cocoa Derivatives Market
LIST OF FIGURES
Figure 1. Cocoa Derivatives Market Segmentation
Figure 2. Cocoa Derivatives Market Segmentation: By Geography
Figure 3. Global Cocoa Derivatives Market Overview
Figure 4. Global Cocoa Derivatives Market, By Category
Figure 5. Global Cocoa Derivatives Market, by Geography
Figure 6. Global Cocoa Derivatives Market, Key Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Cocoa Derivatives Market
Figure 9. Expert Opinion
Figure 10. Global Cocoa Derivatives Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Cocoa Derivatives Market
Figure 12. Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Cocoa Derivatives Market – Competitive Positioning of Key Market Players
Figure 14. Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 15. Cocoa Butter: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Cocoa Beans: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Cocoa Powder: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Cocoa Derivatives Market Revenue Share, By Category (2021 and 2028)
Figure 20. Organic: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Conventional: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Cocoa Derivatives Market Revenue Share, By Application (2021 and 2028)
Figure 23. Food and Beverages: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Personal Care: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Global Cocoa Derivatives Market Revenue Share, By Region (2021 and 2028)
Figure 27. North America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 29. North America: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 30. North America: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 31. North America: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 32. US: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 37. Europe: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 38. Europe: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 39. Europe: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 40. Germany: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Russia: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Asia Pacific: Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 48. Asia Pacific: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 49. Asia Pacific: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 50. Asia Pacific: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 51. China: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Japan: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. India: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. Australia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. South Korea: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of Asia Pacific: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. Middle East & Africa: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Middle East & Africa: Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 59. Middle East & Africa: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 60. Middle East & Africa: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 61. Middle East & Africa: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 62. Saudi Arabia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. UAE: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of Middle East & Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. South & Central America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. South & Central America: Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 68. South & Central America: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 69. South & Central America: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 70. South & Central America: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 71. Brazil: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Argentina: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of South & Central America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic on North America Cocoa Derivatives Market
Figure 75. Impact of COVID-19 Pandemic on Europe Cocoa Derivatives Market
Figure 76. Impact of COVID-19 Pandemic on Asia Pacific Cocoa Derivatives Market
Figure 77. Impact of COVID-19 Pandemic on Middle East & Africa Cocoa Derivatives Market
Figure 78. Impact of COVID-19 Pandemic on South & Central America Cocoa Derivatives Market
The List of Companies - Cocoa Derivatives Market
- Olam Group Ltd
- Indcre SA
- Cargill Inc
- Natra SA
- JB Foods Ltd
- Ecuakao Group Ltd
- United Cocoa Processor Inc
- Barry Callebaut AG
- Moner Cocoa SA
- Alt?nmarka G?da San ve Tic AS
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.
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