Growth of Cocoa and Chocolate Market

Posted by Lohitha on July 16th, 2019

Cocoa butter is widely used to produce chocolates, cosmetics, soft drinks, and alcohol. The rising demand for cocoa in Eastern Europe as well as in countries such as Brazil, India, and China are influencing the production of cocoa and an additional demand of 1 million tons is anticipated by 2020. A latest report from IndustryARC evaluates that the global cocoa market and chocolate market collectively offered opportunities worth .7 billion in 2017, and estimates it to grow at a CAGR of 4.40% over the forecast period of 2019-2025. Though the major consumption of cocoa comes from chocolate, the cocoa market demand is expected to grow due to its organic uses too. The IndustryARC report is titled “Cocoa & Chocolate Market: By Type (Coca, Chocolate); By Application (Confectionary, Food and Beverages, Cosmetics, Pharmaceuticals, Others); By Distribution Channel (Sales Channel, Distributor, Traders, and Dealers); & By Geography Forecast (2019-2025).” The report presents a detailed analysis of global cocoa and chocolate market based on different metrics and trends relevant to the industry.

View Full Table Of Contents Of Cocoa and Chocolate Market:

https://www.industryarc.com/Report/18707/cocoa-and-chocolate-market

Global Cocoa Market: Leading Segments

The chocolate market, or the cocoa market as a whole, is feeding off well-established confectionery producers across North America, Africa, and Europe, with Europe serving the largest revenue share of 41.70% as per 2018. Modern facilities combined with innovation is leading to numerous products in this segment and luring customers. Manufacturers are coming up with advanced lab testing facilities and sophisticated equipment to the delight consumer experience. Different ingredient combinations are developed and tested by specialists of the field.

Between 2019 and 2025, in the cocoa market and chocolate market, the confectionaries segment is estimated to grow at a CAGR of 5.47%. In addition to the confectionaries, cocoa is widely used at food and beverages, cosmetics, and pharmaceutical industries.

Global Chocolate Market: Trends

o Fine chocolate hits the spot for many chocoholics and food lovers. Millennials and other curious consumers look out for unique flavors, compelling chocolate molds, which is often considered as a luxury indulgence.

o Planned or unplanned, chocolates are the most common snacks taken by a large population. When taken in adequate amounts, chocolates can be enjoyed as a part of a healthy and balanced life. The quest to combine health and taste is driving the demand for confectionery market.

o Consumers are highly interested in the ingredients of a product. 69% of consumers’ behavior is affected by reading labels of a product. The demand for the organic cocoa market is growing at a steady pace, as the health concern and environmental awareness of consumers are growing.

Global Cocoa and Chocolate Market: Competitive Landscape 

Mars Inc., Mondelez International Inc, Nestle SA, Hershey Foods Corp, Yildiz Holding, Kellogg Co, Ezaki Glico Co Ltd, Ferrero Group, Chocoladenfabriken Lindt & Sprüngli AG, August Storck KG, Meiji Co Ltd are few potential manufacturers and predominant producers of confectioneries. These players are operating with a larger market share in the global cocoa and chocolate market.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=18707

Media Contact:

Mr. Venkat Reddy

Sales Manager

Email: sales@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.