The global cocoa products market stood at a value of USD 34.24 Billion in 2023 and is further projected to grow at a CAGR of 5.80% during the forecast period of 2024-2032 to reach a value of USD 56.87 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Cocoa Products Market Outlook
*this image is indicative*
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The cocoa beans segment, among its other product-types, represented the largest share in the market in 2020 and is further anticipated to dominate the market between 2021 and 2026.
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Cocoa can be obtained from the seed processing of cocoa tree. Many products are made from cocoa seeds like cocoa butter, liquor, or powder. The cocoa products market can be divided on the basis of segments like product and application.
The market, based on its product-type, can be divided into:
While cocoa powder is mainly used in the production of chocolate and baked goods, cocoa paste is used in the production of desserts. Cocoa butter is widely used to produce skincare products in the pharmaceutical and cosmetic sectors. The liquor form of cocoa can be used as a separate product or it can be blended to create confectioneries with other products.
The industry can be broadly categorised on the basis of its application into:
Looks into, The regional cocoa products markets like:
The increasing awareness regarding the various health advantages of cocoa-based products is driving the growth of the global cocoa products industry. The health advantages include reduced hypertension, reduced syndrome of chronic fatigue, and sunburn protection. Cocoa is rich in polyphenols that help in the protection of the tissues of the body from oxidative stress and related pathologies like cancers and inflammation. These factors are driving the development of the market for cocoa products. The rising demand for chocolate and chocolate-based items such as dairy chocolate, sweet chocolate, and dark chocolate, along with aggressive brand-recognition campaigns by the producers, are driving the cocoa products market further. High prices and limited cocoa manufacturing plants, however, may hinder the cocoa products market growth.
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The report presents a detailed analysis of the following key players in the global cocoa products market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global cocoa products market attained a value of nearly USD 34.24 Billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 56.87 Billion by 2032.
The major market drivers are rising food and beverage industry, growing demand from the bakery industry, and the increasing awareness regarding the various health advantages of cocoa-based products.
The key trends of the market include the increasing demand for chocolate and chocolate-based items and aggressive brand-recognition campaigns by the producers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The dominant product type of cocoa in the global market is cocoa beans.
The major applications of cocoa products include confectionery, food and beverages, cosmetics, and pharmaceutical, among others.
The major players in the market are The Hershey Company (NYSE: HSY), Barry Callebaut, Cargill, Incorporated, Fuji Oil Co., Ltd., United Cocoa Processor, Inc., Jindal Cocoa, Others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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