The cocoa market is growing against the backdrop of the increasing popularity of cocoa drinks, chocolate, cocoa butter, and cocoa liquor that are made from cocoa. Exceptional demand for confectionery and beverages across world regions. Additionally, introduction of cocoa-based health drinks and new varieties of chocolates has escalated their consumption. Especially demand for chocolate has grown dramatically in China and India. Between the two primary processes of cocoa powder production, Dutch processed cocoa powder segment continue to dominate despite a sizable share of natural cocoa powder.
Given this, the cocoa market is expected to grow at a modest CAGR of 3.3 % during the forecast period of 2017 – 2022. The aforementioned insights are according to the report, titled “Cocoa Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, added to the comprehensive repository of XploreMR recently. Cocoa being the key ingredient of chocolate production, the growing popularity of confectionery is likely to fuel the demand for cocoa in the foreseeable future.
Ameliorating global economic outlook and rising disposable income have led to the growing popularity of chocolates, which were once considered luxury commodities. However, owing to health risks associated with the high consumption of chocolates and consumers seeking healthier alternatives to chocolates, the growth of the cocoa market is expected to witness challenges in terms of consumers quitting chocolate consumption.
Cocoa Market: Scope of the Report
With the inclusion of market demands, threats, opportunities, trends, as well as competitive landscape, the cocoa market report delivers the comprehensive analysis of the market. Backed by an in-depth research study, based on historical analysis, valuable insights and market projections, the report provides the readers with a thorough industry scenario. A systematic segmentation of the report delivers the readers with a seamless understanding of the cocoa market.
Starting from the executive summary to the competitive landscape, the report offers the readers with the historical as well as newest information regarding the development of the cocoa market. The executive summary of the report delivers market briefs, global market values in terms of value and volume, and quantitative as well as qualitative data of the individual market segment. In the market overview section, in-detailed analysis of the market drivers, restraints, trends and future growth opportunities are discussed.
Cocoa Market: Analysis of the Competitive Landscape
One of the important section of the report features competitive landscape in the cocoa market delivering a dashboard view of the key market players operating in the global market space. Assessment of the revenue generated by these market players and their production capacity has taken into consideration to ascertain the current market size with respect to volume and value. A detailed approach in terms of market values of the individual segment of key market players enables clients to understand the segment-specific market scenario.
Detailed discussion on company profiles delivers valuable insights with regard to the company’s current revenue, key product offerings, management information, and key financials. Recent developments such as merger, acquisition, and partnership strategies performed by key companies in the global market offer lucrative opportunities for domestic as well as global players. Thorough analysis as such makes this report the most credible go-to-forecast of the cocoa market.