The global cocoa processing market reached a volume of 4.86 Million Tons in 2020. As per the analysis by IMARC Group, the growth in cocoa processing market can be primarily accredited to the rising use of chocolate in the production of ice creams, milk, biscuits, and cosmetics and personal care products. However, with the growing health consciousness amongst consumers, there has been a decline in the overall demand for chocolates. Despite this decrease, key players in the cocoa processing market have been able to pull through the production of cocoa. This is mainly on account of the consistent modification in processing techniques and the introduction of new premium and organic chocolate variants. Other than this, the widespread utilization of cocoa in the pharmaceutical industry has further presented manufacturers across the globe with lucrative expansion opportunities. Looking forward, IMARC Group expects the market to reach a volume of 5.70 Million Tons by 2026. Following are some of the most prominent players that are proactively participating in the market growth:
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Top Cocoa Processing Companies in the World:
Barry Callebaut AG
Switzerland-based, Barry Callebaut is the largest producer of high-quality cocoa and chocolate products. The company operates across 40 countries with a workforce of more than 12,500 people, over 60 production facilities, and nearly 25 Chocolate Academy™ Centers. Some of the most popular brands offered by Barry Callebaut include American Almond, Bensdorp, Cabosse Naturals, Cacao Barry, Callebaut, Caprimo, Carma, D'Orsogna Dolciaria, Le Royal, and Gertrude Hawk Ingredients. The company mainly serves artisans and chefs and food and beverage manufacturers.
Headquarter: United States
US-based agricultural products provider, Cargill, is one of the biggest cocoa processing companies across the globe. It operates in the cocoa processing sector through its Cargill Cocoa & Chocolate division. The company currently employs 149,000 employees in 70 countries, which include Canada, the US, France, Belgium, Germany, Brazil, Ghana, Indonesia, and China. It supplies products to the bakery and confectionery and dairy sectors. Cargill has been making several efforts to expand its position in the cocoa processing industry. For instance, in 2021, the company completed expansion of its cocoa processing facilities in Yopougon, Côte d’Ivoire. The US$ 100 million investment in this expansion made Yopougon made the largest cocoa processing plant in Africa.
Olam International Limited
Olam International is a world leading agri-business that is based in Singapore and supplies fiber, feed and food ingredients. It operates through more than 81,000 employees in over 60 countries. Currently, the company sources raw materials from over 5 million farmers across the globe. In cocoa processing, Olam offers various cocoa beans and ingredients, which include cocoa powder, liquor, and butter, and specialty fats. This portfolio is offered under several brands, namely, deZaan, Unicao, Joanes, Macao, Huysman, Britannia, BT Cocoa, Twenty Degrees. In 2019, it acquired majority shares in BT Cocoa, the largest cocoa processor in Indonesia. With this acquisition, the company has been able to cater to the demand across Asia by adding 30,000 metric tonnes of cocoa mass pressing capacity and 120,000 metric tons of cocoa bean processing capacity.
Blommer Chocolate Company
Headquarter: United States
Blommer Chocolate is a leading chocolate and cocoa producer in North America. It currently operates four facilities, amongst which three are based in the US (Chicago, California, and Pennsylvania) and another one in Canada (Ontario). The company offers a wide range of product selections, which include organic, low-sugar or sugar-free chocolates, premium chocolates, cocoa powders, non- genetically modified organism (GMO), specialty coatings, confectioner coatings, functional coatings, milk chocolate, white chocolate, drops and chunks, and ice cream coatings. Other than this, Blommer markets and supplies a signature line of products that are made from cocoa sourced from Rainforest Alliance Certified farms.
Mondelez International, Inc.
Headquarter: United States
Mondelez International is a global snack company that produces and markets snack food and beverage products. The brands operating under the umbrella of Mondelez are spanned across five product categories – biscuits, beverages, cheese, and grocery. It mainly supplies its products to wholesalers, club stores, distributors, gasoline stations, value stores, supermarket chains, supercenters, mass merchandisers, convenience stores, and retail food outlets. Besides maintaining its position in the market, Mondelez has been undertaking several initiatives for the betterment of the society. In 2019, the company introduced the Cocoa Life sustainability program, wherein it committed to deliver all of the cocoa volume need by its chocolate brands by 2025. This program is aimed at improving the cocoa supply chain by increasing yields in existing farms, preventing deforestation, and creating resilience in cocoa-growing communities.
Guan Chong Berhad
Guan Chong Berhad (GCB) is an investment holding company, which is primarily involved in the production and supply of cocoa-based food ingredients, including cocoa butter, powder, mass, and cake. Some of the company’s subsidiaries include GCB Foods Sdn. Bhd, GCB Specialty Chocolates Sdn. Bhd., Cocoarich Sdn. Bhd., Guan Chong Cocoa Manufacturer Sdn. Bhd., GCB Marketing Sdn. Bhd., GCB America, and GCB Oversea Holdings Corporation.
ECOM Cocoa is a branch of the Switzerland-based commodity merchant and sustainable supply chain management company, ECOM Agroindustrial Corp. It mainly operates in the processing, delivery, trading, and shipping of cocoa products – cocoa beans, liquor, cake, butter, and powder. The company also focuses on financing local farmers. ECOM cocoa currently has its operations in the US, Switzerland, Indonesia, China, Nigeria, Ghana, Mexico, Singapore, Papua New Guinea, Ivory Coast, Cameroon, and Malaysia.
BT Cocoa is one of the largest cocoa processing companies in Asia. The company utilizes advanced technologies to produce and supply cocoa ingredients for the further manufacturing of confectionery, beverages, candy, flavorings, chocolate, ice creams, baked goods, and biscuits.
Nestle is a Switzerland-based packaged food company that mainly manufacturers a wide range of products, including chocolate, bottled water, food seasoning, milk, confectionery products, coffee, pet foods, and creamers. The growth of the company in cocoa processing industry can be attributed to its production of chocolate and chocolate compounds in over 50 factors across the globe. Over the years, it has continuously invested in the research for improving its cocoa processing techniques.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the cocoa processing industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development