Cocoa Products Market Forecast, 2022-2027

Cocoa Products Market size is estimated to reach $30.6 billion by 2027, growing at a CAGR of 3.1% during the forecast period 2022-2027. The cocoa bean or just cocoa also termed the cacao bean or cacao is the dried and completely fermented seed of Theobroma cacao, from which cocoa solids (a mixture of non-fat substances) and cocoa butter (the fat) may be derived. Cocoa powder and cocoa butter are typical cocoa products. Investigations have been conducted which offer a basis for comprehending the molecular basis of fine aroma constituents in cocoa, and thereby for the establishment of molecular markers connected to fine aroma quality in this species. During the last decade, different functional genomics and certain proteomic projects have been commenced, inclusive of expressed sequence tag and BAC libraries building, cacao genome sequencing, expression studies of cacao tissues disputed with the principal pathogens (Moniliophthora perniciosa, Phytophthora spp.), or exposure to other stress conditions like drought, and expression investigations connected to cacao quality flavor. Moniliophthora perniciosa, formerly termed Crinipellis perniciosa (Singer) Stahel, is a hemibiotrophic basidiomycete (Tricholomataceae, Agaricales, Marasmiaceae) fungus that brings about Witches' broom disease (WBD) in cacao (Theobroma cacao L.). Cocoa beans are a well-recognized source of antioxidant polyphenols. Specifically individual oligomeric proanthocyanidins established a compelling contribution to the complete antioxidant activity of cocoa in comparison with monomeric compounds.

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The surging utilization of cocoa powder in the production of chocolate confectionaries and cocoa paste is set to drive the Cocoa Products Market. The soaring application of cocoa butter in pharmaceutical and cosmetic industries to produce skincare products in conjunction with cacao molecular studies involving molecular markers is set to propel the growth of the Cocoa Products Market during the forecast period 2022-2027. This represents the Cocoa Products Industry Outlook.

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Report Coverage

The report: “Cocoa Products Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Cocoa Products Market.

By Type: Cocoa Powder, Cocoa Paste, Cocoa Butter, Others.


By Application: Confectionery, Health Drink And Beverages, Bakery, Functional Food, Others.


By Geography: North America (the U.S, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

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Key Takeaways

  • Geographically, European Cocoa Products Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring intake of cocoa products in conjunction with cacao molecular studies including molecular markers in the European region.

  • Cocoa Products Market growth is being driven by the surging manufacture of cocoa products like cocoa powder and cocoa butter and the emergence of cacao biotechnology involving the application of molecular markers. However, the application of pesticides in food products like cocoa needs to be strictly regulated where pesticides are utilized to combat insect attacks from mirid bugs and the cocoa pod borer and this is one of the major factors hampering the growth of the Cocoa Products Market.

  • Cocoa Products Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Cocoa Products Market report.



  • Adverse Environmental Impacts Of Cocoa Production Are Hampering The Growth Of The Cocoa Products Market:

    Cocoa production contributes the most to the environmental effects of eutrophication, ozone layer depletion, freshwater aquatic eco-toxicity, human toxicity, and terrestrial eco-toxicity, with average contributions of more than 96% in regions like Ghana. Investigations have unveiled that the manufacture and application of fertilizers and pesticides were a principal cause of the environmental burdens in the cocoa production phase. Ozone layer depletion is brought about by the emission of halogens and CFCs (Chlorofluorocarbons) at the time of the production of pesticides. Eutrophication is principally brought about by leakage of nutrients during cultivation and emission of phosphates from the manufacture of phosphorus fertilizers. These issues are thus hampering the growth of the Cocoa Products Market.

    Cocoa Products Market Landscape:

    Product launches, mergers and acquisitions, joint ventures, and R&D Activities are key strategies adopted by players in this market. Cocoa Products top 10 companies include:

    1. Cargill
    2. Ciranda
    3. FUJI OIL CO., LTD.
    4. Guan Chong Berhad (GCB)
    5. Puratos Group
    6. The Hershey Company
    7. Touton S.A
    8. Tradin Organic
    9. United Cocoa Processor
    10. Barry Callebaut

    Acquisitions/Product Launches:

    • In November 2021, Hershey India Pvt Ltd., a portion of The Hershey Company, declared the introduction of the ‘Better-For-You’ spinoff for its premium iconic chocolate Hershey’s Kisses. Gratifying the consumer trend of ‘conscious indulgence’, the novel Hershey's Kisses variant will include 30% less sugar-filled within a recyclable pack – providing consumers an alternative that is ‘better-for-you’ and better-for-environment, too. With its earliest-ever introduction of a less sugar chocolate variant, the firm endeavors to provide a smart snacking selection of delicious chocolate treats.
    • In November 2021, Barry Callebaut, declared the introduction of its most recent novel dairy-free and plant-based solution, Dairy-Free Compounds under its signature brand. This novel chocolate product innovation unites with Barry Callebaut’s North American existing Plantcraft series of dairy-free chocolates, nuts, cocoa powders, and cacao fruit experience constituents. Providing an extensive choice of tenable, dairy-free, and plant-based constituents, Barry Callebaut has product solutions that meet the increasing demand for plant-based solutions, specifically amidst millennials and centennials.
    • In October 2021, Barry Callebaut introduced a novel better-for-you drink mixture prepared with 100% cacao fruit that it will make accessible for makers globally to utilize in distinct kinds of beverages. The mixture, termed Elix, was revealed at a live and virtual event at Hortus Botanicus Amsterdam. Cacao fruit is an abundant source of numerous nutrients, inclusive of flavonols — a class of phytochemicals pronounced to possess numerous possible health advantages, specifically for the heart and circulation.

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