Exclusive Report on Cocoa Products Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028
Global Cocoa Products Market By Product Type (Cocoa Beans, Cocoa Butter, Cocoa Powder & Cake, Cocoa Paste & Liquor And Chocolate), By Application (Confectionery, Food & Beverages, Cosmetics & Pharmaceutical, Bakery, Functional Food, And Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, the global Cocoa Products Market is expected to grow at a CAGR of 5.98 % from 2021 to 2028.
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- The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
- The companies operating in the Cocoa Products market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.
The major factor that have impacted the growth of the market includes the Consumption of cocoa products has health benefits, among others.
Cocoa powder has several health benefits, including increasing nitric oxide levels, lowering the risk of heart attack, and boosting cognitive function, to name a few. Polyphenols included in cocoa assist to lower inflammation, increase blood flow, lower cholesterol and blood sugar levels, and lower blood pressure. Cocoa is particularly high in flavanols, which have anti-inflammatory and antioxidant properties and enhance blood nitric oxide levels. Due to the inclusion of flavanols, which convert tryptophan into the natural mood stabilizer serotonin, cocoa products may also assist to enhance a person’s mood and symptoms of depression. Furthermore, the polyphenols included in cocoa goods are particularly useful to the skin, as they moisturize it, protect it from the sun, and improve the skin’s surface texture. As a result, these health benefits are likely to propel the cocoa products market to significant growth.
Europe dominates the cocoa products market due to the presence of a mature market with an extremely stable retail infrastructure, rising consumption of cocoa products and beverages, and rising disposable income. Furthermore, rising demand for chocolate products such as dark chocolate, milk chocolate, white chocolate, and drinking chocolate contributes to the market’s expansion.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Cocoa Products market provides an in-depth analysis of key players which includes:
- Cargill, Incorporated.
- Ciranda, Inc.
- FUJI OIL CO. LTD.
- Guan Chong Berhad
- Puratos Group
- The Hershey Company
- Touton S.A
- Tradin Organic
- United Cocoa Processor, Inc.
|Market Size (2020)||$ Billion|
|CAGR (2021 to 2028)||More than 5.98%|
|Market Segmentation||Product Type and Application|
|Companies profiled||Cargill Incorporated, Ciranda, Inc, FUJI OIL CO. LTD, Guan Chong Berhad, Puratos Group, The Hershey Company, Touton, Tradin Organic, United Cocoa Processor Inc, Internatural|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The global Cocoa Products Market is segmented based on Product Type and Application. Based on Product Type, the market is segmented as Cocoa Beans, Cocoa Butter, Cocoa Powder & Cake, Cocoa Paste & Liquor, and Chocolate. Based on Application, the market is segmented as Confectionery, Food & Beverages, Cosmetics & Pharmaceutical, Bakery, Functional Food, and Others.
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Cocoa Products Market
- Value Chain Analysis of Global Cocoa Products Market
- What is the CAGR of the global Cocoa Products Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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