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Although the popularity of cocoa flavor and ingredients for the preparation of majority of the food and beverage products is persistently rising, the global cocoa industry seeks additional investments to maintain a sustainable growth in the foreseeable future. As manufacturers make additional expenses to receive certification of approval to distribute their cocoa products in the market, prices of cocoa in the global market has witnessed a significant rise. Rising prices of cocoa have added economic uncertainties in the international cocoa market, in turn, creating challenges for the growth of the cocoa market in the coming decade. In addition, dwindling agricultural production conditions in leading cocoa producing regions are threatening the persistent growth of the cocoa production during the estimated future. However, initiatives by major standard bodies to improve quality as well as the quantity of cocoa can be promising for the future growth of the cocoa market.
Fact.MR has recently added a new report on the cocoa market for the forecast period 2018 – 2028. An in-depth analysis of the key market insights delivers the most viable forecast of the cocoa market in the coming decade. With the inclusion of all vital bricks shaping the market, the estimated futuristic market performance becomes the most credible resource. Global as well as regional trends and prodigious opportunities have been taken into consideration to assess the market outlook during the forecast. The highlighted value of CAGR enables to fathom the future growth trajectory of the cocoa market.
The holistic analysis of the cocoa market is backed by corresponding revenue anticipations in the form of absolute dollar opportunity. Generally overlooked during forecast analysis, the absolute dollar opportunity plays a vital role in identifying potential market opportunities for vendors to leverage. Regarding the aspects of production and sales in the cocoa market, an all-inclusive approach has been taken in which the market forecast is categorized in terms of a likely scenario, conservative scenario and an optimistic scenario by research analysts. Another important key insight included in the report is the market attractive index which enables manufacturers to gauge lucrative business expansion possibilities like merger and acquisition.