The global cocoa processing market reached a volume of 4.86 Million Tons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
The cocoa bean is the dried and fully fermented fatty seed of the cocoa tree (Theobroma cacao). Cocoa processing involves the conversion of cocoa beans into different forms such as cocoa liquor, cocoa butter, cocoa cakes and cocoa powder. The chocolate industry currently represents the biggest end user of cocoa. Processed cocoa products, however, have applications in a number of other industries as well. For instance, cocoa powder is also used to produce chocolate milk, biscuits, ice cream, cakes and a number of other food and beverages. Similarly, cocoa butter is widely used during the production of soaps, cosmetics and pharmaceutical products.
Côte d’Ivoire and Ghana currently represent the world’s two biggest producers of cocoa. The two countries together currently account for nearly 60% of the total global cocoa production. Other major producers include Indonesia, Nigeria, Ecuador, Brazil and Cameroon. Region-wise, Africa currently accounts for more than 70% of the total global cocoa production. Despite being the largest producer, the region accounts for less than 21% of the total global cocoa processing market. Though unsuitable for cocoa cultivation, Europe currently represents the world’s biggest importer and processer of cocoa. The competitive landscape of the global cocoa processing industry is currently quite concentrated in nature with the top three players currently accounting for around 40% majority of the total global market. Looking forward, IMARC Group expects the global cocoa processing market to exhibit moderate growth during the next five years.
The report entitled “Cocoa Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” provides a comprehensive insight into the historical and current trends in the cocoa processing industry. This study serves as an exceptional tool to understand the market trends, regional markets, growth, key players, value chain, success and risk factors, manufacturing process, raw material requirements, machinery requirements, capital costs, operating costs, incomes, expenditures and profits in the cocoa processing industry. This study can serve as an excellent tool for cocoa cultivators, cocoa processers, consultants, researchers, marketing strategists, investors and all those who plan to foray into the cocoa market in any form.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cocoa processing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, bean type, product type, and application.
Market Breakup by Bean Type
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by Region
The report has also analysed the competitive landscape of the market with some of the key players being Barry Callebaut, Cargill, Olam, Blommer, Mondelez, Guan Chong, ECOM Coco, BT Cocoa, Nestlé Transmar Group, etc.
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