According to a new report published by Allied Market Research, titled, โCocoa Market by Product Type, Process, Nature, Quality, and Application: Global Opportunity Analysis and Industry Forecast, 2021โ2027,โ the global cocoa market size is expected to reach $15.5 billion by 2027 at a CAGR of 4.3% from 2021 to 2027.
Cocoa is extracted from Theobroma tree or cacao tree. The cocoa or cocoa beans are dried and fermented to produce cocoa liquor and by processing the cocoa liquor, cocoa butter and cocoa powder is extracted. The growing demand for chocolate is the key factor propelling the global cocoa market. Cocoa liquor is the major ingredient used to manufacture chocolate.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ก๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/11372
Regional Analysis:
Region wise, Europe is the leading market for cocoa. Europe is the highest cocoa and chocolate consuming region. In 2019, the Netherlands accounted for the highest imports of cocoa in terms of volume and value. Switzerland is the top chocolate consuming country in Europe. The various nations such as Germany, France, and the UK, are among the top chocolate and cocoa consuming nations.
Top Key Companies In The Cocoa Market:
The players operating in the global cocoa market have adopted various developmental strategies to expand their market share, exploit the cocoa market opportunity, and increase in profitability in the market. The key players profiled in this report include
Cargill, Inc.,
Olam International Ltd.,
Toutan S.A.,
Barry Callebaut AG,
The Hershey Company,
Guan Chong Cocoa Manufacturer SDN. BHD,
Ciranda, Inc.,
United Cocoa Processor, Inc.,
Bloomer Chocolate Company, and VJ Jindal Cocoa Private Limited.
๐๐๐ ๐๐ง๐๐-๐ง๐๐ ๐ ๐ข๐๐๐๐ฅ – ๐๐๐ ๐ก๐ผ๐ & ๐๐ฒ๐ ๐๐ ๐ฐ๐น๐๐๐ถ๐๐ฒ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/checkout-final/a0c01f2de256896c677650600f45de99
Key Findings Of The Study
- The cocoa market was valued at $12,874.0 million in 2019, and is estimated to reach $15,501.1 million by 2027, growing at a CAGR of 4.3% during the forecast period.
- By product type, the cocoa liquor segment is estimated to witness the fastest growth, registering a CAGR of 4.4% during the forecast period.
- In 2019, depending on the process, the Dutch process segment was valued at $9,675.2 million, accounting for 75.1% of the global cocoa market share.
- In 2019, the Netherlands was the most prominent market in Europe, and is projected to reach $1,636.5 million by 2027, growing at a CAGR of 4.5% during the forecast period.
๐ง๐ผ ๐๐ฒ๐ ๐๐ป-๐๐ฒ๐ฝ๐๐ต ๐๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐๐ผ๐ป๐ป๐ฒ๐ฐ๐ ๐ง๐ผ ๐๐ป๐ฎ๐น๐๐๐: https://www.alliedmarketresearch.com/connect-to-analyst/11372
Check out more related studies published by AMR Research:
U.S. and Australia Egg Protein Market
Guacamole Market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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