Cocoa Products Market to Reach $30.2 Billion by 2026, Finds Allied Market Research

Allied Market Research forecasts the cocoa products market to grow at a CAGR of 3.1% from 2019 to 2026.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 28, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Cocoa Products Market by Product Type and Application: Global Opportunity Analysis and Industry Forecasts, 2019 - 2026", the global cocoa products market size was valued at $24.5 billion in 2018, and is expected to garner $30.2 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Moreover, Europe is expected to dominate the global cocoa products market throughout the analysis period as the demand for cocoa-rich products is increasing consistently.

📍𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/3424

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

Cocoa products are derived from the cocoa seed of the cocoa tree. There are different types of products obtained from cocoa seeds such as cocoa powder, cocoa paste, cocoa butter, and cocoa liquor which are commonly available across the globe. Cocoa powder is mostly used to produce chocolate & chocolate confectionaries and cocoa paste is used to manufacture ice cream and sweet desserts. Cocoa butter has been widely used in the pharmaceuticals industry to reduce or prevent stretch marks. Furthermore, cocoa liquor is used in bakeries, drinks, desserts, ice creams, and coatings. Rise in use of cocoa products by confectionery industries driving the cocoa products market growth.

The rise in awareness of health benefits regarding the consumption of cocoa-rich products drives the growth of the cocoa products market. Cocoa helps in regulating the symptoms of intense fatigue syndrome, reduces hypertension, improves heart health, and provides protection against sunburn. Cocoa is also a rich antioxidant source. These benefits of cocoa are expected to drive the growth of the cocoa market due to increase in its end-use in varied industries, such as bakery, confectionery, beverages, pharmaceuticals, and others.

However, volatile prices and limited production of the cocoa hinders the growth of this market. In addition, high sugar-content in most cocoa-based products has hindered the growth of the cocoa products market. However, cocoa has proved to be one of the most beneficial cosmetic ingredients for promoting healthy skin and thus, is widely being used in the cosmetics industry.

Cocoa products encompass a wide range of items derived from cocoa beans, including cocoa powder, cocoa butter, cocoa liquor, and chocolate. The value of cocoa products is driven by various factors, including their health benefits, applications, and market demand.

📍𝐊𝐞𝐲 𝐂𝐨𝐜𝐨𝐚 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐧𝐝 𝐓𝐡𝐞𝐢𝐫 𝐔𝐬𝐞𝐬:

⚡𝐂𝐨𝐜𝐨𝐚 𝐁𝐞𝐚𝐧𝐬:
- Raw product used to produce all cocoa derivatives.
- Rich in antioxidants, fiber, and minerals.

⚡𝐂𝐨𝐜𝐨𝐚 𝐏𝐨𝐰𝐝𝐞𝐫:
- Produced by grinding cocoa beans and removing most of the cocoa butter.
- Used in baking, beverages, and as a flavoring agent.
- Types: Natural cocoa powder (acidic) and Dutch-processed cocoa powder (alkaline, smoother flavor).

⚡𝐂𝐨𝐜𝐨𝐚 𝐁𝐮𝐭𝐭𝐞𝐫:
- Fat extracted from cocoa beans.
- Used in chocolate production, cosmetics, and pharmaceuticals.
- Known for its smooth texture and moisturizing properties.

⚡𝐂𝐨𝐜𝐨𝐚 𝐋𝐢𝐪𝐮𝐨𝐫 (𝐨𝐫 𝐂𝐨𝐜𝐨𝐚 𝐌𝐚𝐬𝐬):
- Paste made from ground cocoa beans, containing both cocoa solids and cocoa butter.
- Used in chocolate manufacturing and for flavoring.

📍𝐂𝐡𝐨𝐜𝐨𝐥𝐚𝐭𝐞:
- A combination of cocoa liquor, cocoa butter, and sometimes additional ingredients like sugar and milk.
- Varieties include dark chocolate, milk chocolate, and white chocolate.

📍 𝐇𝐞𝐚𝐥𝐭𝐡 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐂𝐨𝐜𝐨𝐚:

⚡𝐑𝐢𝐜𝐡 𝐢𝐧 𝐀𝐧𝐭𝐢𝐨𝐱𝐢𝐝𝐚𝐧𝐭𝐬:
- Contains flavonoids, particularly epicatechin, which help reduce inflammation and improve heart health.

⚡𝐂𝐚𝐫𝐝𝐢𝐨𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐇𝐞𝐚𝐥𝐭𝐡:
- Regular consumption of dark chocolate (rich in cocoa) is linked to lower blood pressure, improved blood flow, and reduced risk of heart disease.

⚡𝐌𝐨𝐨𝐝 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭:
- Compounds like theobromine and phenylethylamine in cocoa can enhance mood and act as mild stimulants.

⚡𝐒𝐤𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡:
- Cocoa butter is widely used in skincare products for its hydrating and anti-aging properties.

📍𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

⚡𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐃𝐚𝐫𝐤 𝐂𝐡𝐨𝐜𝐨𝐥𝐚𝐭𝐞:
- Growing consumer awareness of the health benefits of dark chocolate is driving demand.

⚡𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐒𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲:
- Consumers are increasingly concerned about the ethical sourcing of cocoa. Certifications like Fair Trade and Rainforest Alliance are gaining importance.

⚡𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐢𝐧 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐨𝐨𝐝𝐬:
- Cocoa products are being incorporated into functional foods and nutraceuticals for their health benefits.

⚡𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐚𝐧𝐝 𝐀𝐫𝐭𝐢𝐬𝐚𝐧𝐚𝐥 𝐂𝐡𝐨𝐜𝐨𝐥𝐚𝐭𝐞:
- There is a growing market for high-quality, artisanal chocolate products, often with unique flavors and higher cocoa content.

⚡𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐜𝐨𝐚 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
- New product developments include low-sugar and sugar-free chocolates, plant-based and dairy-free chocolates, and products infused with superfoods.

📍𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐜𝐨𝐚 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

⚡𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞:
- Cocoa farming is vulnerable to climate change, which can impact crop yields and quality.

⚡𝐋𝐚𝐛𝐨𝐫 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬:
- Addressing child labor and improving working conditions on cocoa farms are critical issues.

⚡𝐏𝐫𝐢𝐜𝐞 𝐕𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲:
- Fluctuations in cocoa prices can affect profitability for farmers and producers.

According to Shankar Bhandalkar, Team Leader, Consumer Goods at Allied Market Research, “The increase in demand from confectionery, and food & beverages industries has fueled the growth of the cocoa products industry. Cocoa is majorly used to make various chocolates such as dark, milk, and white. These types of chocolates have gained traction over the years owing to increase in their consumption rate. Moreover, widespread availability of cocoa products coupled with the increase in consumer preferences toward confectionery items have fueled the growth of the market.”

📍𝐈𝐧𝐪𝐮𝐢𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/3424

The cocoa market has been experiencing record-high prices in recent months, with cocoa futures surpassing $11,000 per metric ton, marking a nearly four-fold increase compared to a year ago. This surge in prices is attributed to several factors, including consecutive years of cocoa harvests falling short due to above-average rainfall in key growing regions, leading to increased crop disease. Additionally, cocoa plants thrive only within a narrow geographical range, approximately 10 degrees north and south of the equator, in hot and humid climates, predominantly in Africa.

Analysts predict that cocoa prices will remain elevated throughout the year, presenting both challenges and opportunities for investors. While institutional investors can access cocoa futures to capitalize on price movements, retail investors face limitations in trading cocoa due to the lack of available options. While theoretically, retail traders can engage in cocoa futures trading, it's not as straightforward as traditional stock trading.

Cocoa futures contracts involve leveraging, allowing investors to control a significant amount of the underlying asset with a relatively small capital investment. However, this leverage can lead to substantial losses if not managed effectively, as investors may inadvertently take large positions. Moreover, futures contracts can be settled either in cash or physically, posing a risk of unintended physical delivery of cocoa beans to retail investors, which may not align with their investment objectives.

As a result, for retail investors looking to participate in the cocoa market, investing in chocolate makers is often considered a more accessible and less complex option. By investing in chocolate companies, retail investors can indirectly gain exposure to the cocoa market while mitigating the risks associated with futures trading.

📍𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐜𝐨𝐚 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

- - By product type, the cocoa paste & liquor segment is estimated to be the fastest growing segment during the cocoa products market forecast period.

- - Based on region, Europe is estimated to experience rapid growth in the cocoa products market, in terms of revenue during the forecast period.

- - By application, cosmetics is projected to be the fastest growing segment in the cocoa products market.

- - The confectionery segment occupied 40.83% cocoa products market share in 2018, and is expected to maintain its dominance throughout the forecast period.

📍𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/3424

Market players have focused on adopting several strategies, such as product launch, expansion and partnership to expand their market outreach. For instance, in October 2016, Blommer Chocolate Company, U.S., announced its plan to procure only certified cocoa from 2020 onwards to adhere to the cocoa industry standards. Apart from this, the companies are also focusing on product quality and adopting numerous measures to improve it. For instance, in December 2015, Nestlé U.K. & Ireland announced their plans to use only certified sustainable cocoa to improve product quality of chocolate-based products from January 2016 onwards.

📍𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐜𝐨𝐜𝐨𝐚 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

» 𝐂𝐚𝐫𝐠𝐢𝐥𝐥
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» 𝐅𝐔𝐉𝐈 𝐎𝐈𝐋 𝐂𝐎.𝐋𝐓𝐃.
» 𝐆𝐮𝐚𝐧 𝐂𝐡𝐨𝐧𝐠 𝐁𝐞𝐫𝐡𝐚𝐝 (𝐆𝐂𝐁)
» 𝐏𝐮𝐫𝐚𝐭𝐨𝐬 𝐆𝐫𝐨𝐮𝐩
» 𝐓𝐡𝐞 𝐇𝐞𝐫𝐬𝐡𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
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« » 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

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