Global Cocoa market cagr 12.1%

Cocoa Market

Cocoa Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Cocoa Market Size and Growth

The cocoa market research reports indicate a rapid growth due to increasing demand for cocoa-based products worldwide. Market conditions suggest a favorable outlook with key players investing in sustainable sourcing practices. The global cocoa market size is estimated to be valued at $XX billion in 2021.

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Companies Covered (Covid 19 Impact Covered)

◍ Barry Callebaut

◍ Puratos

◍ Mars

◍ Cargill

◍ Olam

◍ Nestle SA

◍ Irca

◍ Blommer (FUJI OIL)

◍ Hershey

◍ Cémoi

◍ Guittard

◍ Alpezzi Cocoa & Chocolate

◍ Foley`s Candies LP

◍ TCHO

◍ Ferrero

◍ Valrhona

◍ NATRA

◍ Republica del Cacao

The global cocoa market is highly competitive with key players such as Barry Callebaut, Puratos, Mars, Cargill, Olam, Nestle SA, Irca, Blommer, Hershey, Cémoi, Guittard, Alpezzi Cocoa & Chocolate, Foley`s Candies LP, TCHO, Ferrero, Valrhona, NATRA, Republica del Cacao, Ghirardelli, and Kerry Group. These companies offer a range of cocoa products and ingredients for various applications in the food and beverage industry.

- Barry Callebaut reported sales revenue of $7.29 billion in FY2020.

- Mars reported sales revenue of $35 billion in FY2020.

- Ferrero reported sales revenue of $12 billion in FY2020.

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Market Segmentation

By Application

◍ Confectionery

◍ Food and Beverage

◍ Cosmetics

◍ Others

By Product

◍ Cocoa Liquor

◍ Cocoa Butter

◍ Cocoa Powder

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Market Growth

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$ X Billion USD