Cocoa Processing Market projected to reach a value of US$ 14.9 Billion by 2023

Global Cocoa Processing Market Research Report, Trends, Growth, Share, Size and Outlook By 2023

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.

Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Cocoa Processing Market Report By Product Type (Smart Bands, Smart Watches, Smart Clothing, Smart Glasses and Head Mounted Displays), Component (Networking and Positioning Components, Power Supply Components, Sensing Components and Others), Application, Region The global cocoa processing market has experienced a steady growth over the past few years. This can be accredited to various health benefits offered by cocoa-based products along with their wide applications in the skin-care and cosmetics industry.

Market Overview: According to the latest report by IMARC Group, titled “Cocoa Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global cocoa processing market reached a value of US$ 13.1 Billion in 2017. Cocoa beans, also known as cacao beans, are the dried and fully fermented fatty seeds of the Theobroma cacao tree. Cocoa processing refers to the process of converting these beans into products such as cocoa powder, liquor and butter. These cocoabased products are rich in magnesium which catalyzes protein synthesis and energy production, and copper a mineral required for iron transport, glucose metabolism and brain development. In addition, these products, particularly chocolate, are considered as superfoods with the ability to boost mental performance as well as enhance mood. Cocoa-based products are hard-to-substitute and indispensable raw materials used in a number of food and non-food applications.

Report Description and Highlights

Report Description

Global Cocoa Processing Market Trends Cocoa beans have high amounts of flavonoids, proanthocyanidins and theobromine which are known for their anti-oxidant, anti-inflammatory and anti-aging properties. Flavonoids are also known to reduce the risk of cardiovascular diseases, such as arrhythmia, heart attack, cardiomyopathy, heart failure, etc. This has led to an increase in the demand for cocoa-based products among the healthconscious consumers, thereby boosting the market growth. Moreover, the use of cocoa-derived phytochemicals as an effective approach for skin protection is also gaining traction in the cosmetics industry. Owing to this, cocoa-based products are being used in products such as lipsticks, soaps, face masks, moisturizers, etc. Moreover, with elevating incomes of the consumers, particularly in the emerging economies, there has been a rise in the demand for chocolates, especially among the young generation. However, the rising concerns regarding obesity and overweight can have an adverse impact on the demand for cocoa-based products. Looking forward, the market is projected to reach a value of US$ 14.9 Billion by 2023, expanding at a CAGR of 2.2% during 2018-2023.

Cocoa Processing Market Segmentation: Market Segmentation by Product Type Request for a sample report: https://www.imarcgroup.com/cocoa-processing-plant/requestsample

Market Forecast

Sample Figure: Global: Cocoa Market Forecast: Volume Trends (in ‘000 Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o Cocoa Butter o Cocoa Liquor o Cocoa Powder

On the basis of type, the market has been segregated as cocoa liquor, cocoa powder and cocoa butter.

Currently, cocoa liquor is the leading product type, holding the largest market share. It is widely used in the production of both dark and milk chocolate, and various other confectionery and bakery items.

Market Segmentation by Bean Type • • •

Forastero Criollo Trinitario

Based on Bean type, the market has been segmented into forastero, trinitario and criollo beans.

Amongst these, forastero represents the most popular type of cocoa beans grown and processed globally.

Market Segmentation by Application For more information, click here: https://www.imarcgroup.com/cocoa-processing-plant

Market Segmentation

Report Description • • • • •

Confectionary Bakery Beverages Pharmaceuticals Others

Based on application, the report finds that confectionary is the dominant application segment with nearly a half of the global share. Other major application segments include food and beverages, cosmetics and pharmaceuticals.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On a geographical front, Europe represents the largest market, holding more than a third of the total global share. The region is witnessing an increase in the demand for fair trade and organic cocoa products.

Other major regions include Africa, North America, Latin America and Asia (with Oceania).

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • •

Barry Callebaut Cargill Olam Blommer Mondelez Guan Chong ECOM Coco BT Cocoa Nestlé Transmar Group

In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

Team Profile

Team Profile Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent Consultants from different sectors.

Average Experience of 7+ Years

We are the trusted business partners to the

Partial List of Clients world's leading corporates, governments, and A partial List of our Clients institutions

We are the trusted business partners to the

Partial Listworld's of Clients leading corporates, governments, and

A partial List of our Clients

institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com