Global Cocoa Processing Market to Reach US$ 16.4 Billion by 2032, Bolstered by Demand from Health-Conscious Consumers

December 27, 2021 | Food & Beverages

According to the recent report by IMARC Group, titled “Cocoa Processing Market Report by Bean Type (Forastero, Criollo, Trinitario), Product Type (Cocoa Butter, Cocoa Liquor, Cocoa Powder), Application (Confectionary, Bakery, Beverages, Pharmaceuticals, and Others), and Region 2024-2032,” the global cocoa processing market size reached US$ 15.4 Billion in 2023. Cocoa beans grow inside yellowish-green cocoa pods on the trunks of the Theobroma cacao tree. Cocoa processing includes fermentation, drying, and aging of cocoa beans, after which cocoa powder, liquor, and butter are obtained. Cocoa is a good source of magnesium, due to which it helps in catalyzing protein synthesis and energy production. Apart from this, it is also rich in copper, which aids in improving glucose metabolism, brain development, and iron transportation. As a result, cocoa-based products are considered superfoods and help in boosting mental performance and uplifting mood.

Global Cocoa Processing Market Trends:

Cocoa finds application in the production of several food products, especially in the chocolate industry. It remains an indispensable raw material in the food and beverage industry for manufacturing chocolate biscuits, cakes, ice cream, shakes, and milk. In addition to this, cocoa beans are a good source of flavonoids, like proanthocyanidins and theobromine, which are known for their anti-inflammatory, anti-aging, and antioxidants properties. As they help in mitigating the risk of heart diseases like arrhythmia, cardiomyopathy, and heart failure, cocoa-based products like energy bars have a high demand among health-conscious consumers. Besides this, cocoa butter finds application in the personal care industry. Over-the-counter skin products made with cocoa butter, like lotions, lip balms, creams, and soap bars, are mostly preferred by consumers due to their moisturizing properties. Additionally, cocoa products are utilized as flavoring agents and coatings on supplements and medicines in the pharmaceutical industry. Other factors, such as rising disposable income and evolving preferences, are also bolstering the market growth. On account of these factors, the market is expected to reach US$ 16.4 Billion by 2032.

Market Summary:

  • Based on the bean type, the market has been divided into trinitario, criollo, and forastero.
  • On the basis of the product type, the market has been divided into cocoa liquor, cocoa butter, and cocoa powder.
  • Based on the application, the market has been categorized into the bakery, pharmaceuticals, confectionery, beverages, and others. Currently, confectionary represents the largest application segment for cocoa.
  • Region-wise, the market has been divided into Asia Pacific, Europe, North America, Latin America, and Africa.
  • The competitive landscape of the market has been analyzed in the report, with some of the key players being Guan Chong Bhd, Ecom Agroindustrial Corp. Limited, Nestlé SA, Barry Callebaut Group, Blommer Chocolate Company, Mondelez International, Inc., Cargill Incorporated, Olam International and Touton S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units ‘000 Tons, US$ Billion
Segment Coverage Bean Type, Product Type, Application, Region
Region Covered Europe, Africa, North America, Latin America, Asia Pacific
Companies Covered Guan Chong Bhd, Ecom Agroindustrial Corp. Limited, Nestlé SA, Barry Callebaut Group, Blommer Chocolate Company, Mondelez International, Inc., Cargill Incorporated, Olam International and Touton S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cocoa Processing Market to Reach US$ 16.4 Billion by 2032, Bolstered by Demand from Health-Conscious Consumers
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