Cocoa is a product obtained by processing the cacao tree's seeds. Cocoa originated in Latin America, but it is now grown in almost every tropical region, from West and Central Africa to Asia and Oceania. Cocoa seeds are used to make a variety of beans, including cocoa liquor, cocoa butter, and cocoa powder.
Data Bridge Market Research analyses that the cocoa beans market was valued at USD 12400.67 million in 2021 and is expected to reach the value of USD 22952.77 million by 2029, at a CAGR of 8.00% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Some of the major players operating in the cocoa beans market are:
- Cemoi Chocolatier (France)
- Republica del Cacao (Ecuador)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- Fuji Oil Holdings Inc. (Japan)
- Guittard Chocolate Company (U.S.)
- Ghirardelli Chocolate Company (U.S.)
- Valrhona (France)
- Barry Callebaut (Switzerland)
- Alpezzi Chocolate (Mexico)
- Kerry (Ireland)
- Olam Group (Singapore)
- Tcho Ventures Inc. (U.S.)
- The Hershey Company (U.S.)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
- Puratos (Belgium), Ferrero (Italy)
Global Cocoa Beans Market Scope
The cocoa beans market is segmented on the basis of application, product, type, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Criollo Cocoa Beans
- Forastero Cocoa Beans
- Trinitario Cocoa Beans
- Beauty Beans
- Cocoa butter
- Cocoa powder
- Cocoa liquor
- Functional Food
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Cocoa Beans Market Dynamics
- Growing awareness about benefits of cocoa beans
The growing awareness of the health benefits of consuming cocoa-rich beans drives the growth of the cocoa beans market. Cocoa helps reduce hypertension, chronic fatigue syndrome, protection against sunburn, and other health benefits to the human body. Cocoa is also high in polyphenols, which help to protect the body's tissues from oxidative stress and related pathologies like cancer and inflammation. These factors are also driving the expansion of the cocoa beans market.
- Growing demand for cocoa based products
Increased demand for chocolate and related beans such as milk chocolate, sweet chocolate, and dark chocolate, as well as aggressive advertising by manufacturers to increase brand recognition, are driving the growth of the cocoa beans market. Improvements in commercial farming techniques are used to produce cocoa, which is expected to increase supply and thus improve growth prospects in the future.
Theobromine, found in cocoa powder, aids in inflammation reduction and protects against severe diseases. Since cocoa contains a high concentration of phytonutrients while being low in fat and sugar, the calories obtained from cocoa powder are rich in beneficial compounds as they are made from agitated, dried, unroasted cacao beans, raw beans are often less processed and healthier. Nonetheless, typical dark chocolate containing at least 70% cacao is a good source of antioxidants and minerals, creating a huge market opportunity.
The market's growth is hampered by volatile cocoa prices and limited cocoa production. Cacao beans, such as unsweetened cocoa powder, nibs, and dark chocolate, are high in minerals. Raw cacao goods that have been minimally processed contain less or no added sugar and are higher in antioxidants than those that have been heavily processed, which is impeding market growth.
This cocoa beans market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cocoa beans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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