Global Cocoa Market View:
Cocoa is majorly used to confer flavor, taste, and texture to food. Moreover, cocoa enhances functional and nutritional benefits. This is majorly due to the presence of flavonoids in cocoa. Flavonoid consumption is associated with various health benefits such as reduced risk of cardiovascular problems and blood pressure coupled with the improved blood vessel functioning and cholesterol levels. Furthermore, chocolate is also used to masks the unpleasant taste of medicines. This in turn, increases the cocoa market penetration in pharmaceutical sector.
Growing demand for premium and specialty cocoa bean is the major factor contributing to the growth of global cocoa market. Furthermore, increasing awareness regarding the health benefits of consuming flavonoids is propelling the demand for dark chocolate, as it contains high amount of cocoa. This in turn, fueling growth of the cocoa market. Wide applicability of cocoa is considered as another factor driving the market growth. Cocoa is widely used in the manufacturing of dark chocolate, sweet chocolate, milk chocolate, drinking chocolate, bakery, and confectionary products.
Europe held a dominant position in the global cocoa market in 2016, owing to growing demand for high grade and fine flavor cocoa in the region. Fine flavor cocoa beans have higher quality as compared to common grade cocoa beans, owing to their more pronounced organoleptic characteristics such as taste, color and odor.
Key features of the study:
This report provides in-depth analysis of the cocoa market, market size (US$ Mn), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025)
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global cocoa market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global cocoa market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the cocoa market