• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Nigeria Cocoa Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Nigeria cocoa processing market grew at a CAGR of around 6% during 2015-2020. Cocoa processing refers to the conversion of cocoa beans into different forms, such as cocoa liquor, cocoa butter, and cocoa powder. Cocoa-based products are rich in theobromine, polyphenols, magnesium, zinc, iron, vitamins, etc. They offer numerous health benefits in controlling high blood pressure levels, improving cognitive health, enhancing metabolism, reducing chronic fatigue, etc. As a result, cocoa-based products find extensive applications across diverse industries, such as food and beverages, cosmetics, pharmaceuticals, etc.

In Nigeria, the presence of favorable climatic conditions and extensive land use for the sustainable production of cocoa is propelling the market for cocoa processing. In line with this, the Federal Government of Nigeria has launched numerous schemes and subsidies for cocoa farmers to ensure improved productivity and high-grade bean quality. Moreover, the Nigerian Export Promotion Council (NEPC) is focusing on expanding the trade activities for cocoa beans by establishing specialized units, such as the Cocoa Association of Nigeria (CAN). Besides this, the increasing penetration of western food trends in Nigeria is also driving the demand for cocoa-based baked goods, beverages, confectioneries, etc. Additionally, the growing awareness towards numerous anti-aging, moisturizing, and anti-inflammatory properties of cocoa beans is further catalyzing their usage in the cosmetics sector. The rising popularity of cocoa-infused grooming products, including soap bars, lotions, creams, lip balms, etc., is also bolstering the market growth. Moreover, cocoa products are extensively utilized as flavoring agents and coatings on medicines and supplements in the pharmaceutical industry. Looking forward, IMARC Group expects the Nigeria cocoa processing market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Nigeria cocoa processing market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on bean type, product type and application.

Breakup by Bean Type:

  • Forastero
  • Criollo
  • Trinitario
     

Breakup by Product Type:

  • Cocoa Butter
  • Cocoa Liquor
  • Cocoa Powder
  • Others
     

Breakup by Application:

  • Confectionary
  • Bakery
  • Beverages
  • Pharmaceuticals
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Cocoa (Ile-Oluji) Limited, FTN Cocoa Processors Plc, Mondel?z International, Olam International and Saroafrica International Limited.

Key Questions Answered in This Report:

  • How has the Nigeria cocoa processing market performed so far and how will it perform in the coming years?
  • What is the impact of COVID-19 on Nigeria cocoa processing market?
  • What is the breakup of the market based on the bean type?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Nigeria cocoa processing market and who are the key players?
  • What is the degree of competition in the market?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Nigeria Cocoa Processing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Bean Type
    6.1    Forastero
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Criollo
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Trinitario
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Cocoa Butter
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cocoa Liquor
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Cocoa Powder
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Confectionary
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Bakery
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Beverages
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pharmaceuticals
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Cocoa (Ile-Oluji) Limited
           12.3.1.1 Company Overview
           12.3.1.2 Product Portfolio 
        12.3.2    FTN Cocoa Processors Plc
           12.3.2.1 Company Overview
           12.3.2.2 Product Portfolio
        12.3.3    Mondel?z International
           12.3.3.1 Company Overview
           12.3.3.2 Product Portfolio
        12.3.4    Olam International
           12.3.4.1 Company Overview
           12.3.4.2 Product Portfolio
        12.3.5    Saroafrica International Limited
           12.3.5.1 Company Overview
           12.3.5.2 Product Portfolio

List of Figures

Figure 1: Nigeria: Cocoa Processing Market: Major Drivers and Challenges
Figure 2: Nigeria: Cocoa Processing Market: Sales Value (in Million US$), 2015-2020
Figure 3: Nigeria: Cocoa Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Nigeria: Cocoa Processing Market: Breakup by Bean Type (in %), 2020
Figure 5: Nigeria: Cocoa Processing Market: Breakup by Product Type (in %), 2020
Figure 6: Nigeria: Cocoa Processing Market: Breakup by Application (in %), 2020
Figure 7: Nigeria: Cocoa Processing (Forastero) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Nigeria: Cocoa Processing (Forastero) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Nigeria: Cocoa Processing (Criollo) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Nigeria: Cocoa Processing (Criollo) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Nigeria: Cocoa Processing (Trinitario) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Nigeria: Cocoa Processing (Trinitario) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Nigeria: Cocoa Processing (Cocoa Butter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Nigeria: Cocoa Processing (Cocoa Butter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Nigeria: Cocoa Processing (Cocoa Liquor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Nigeria: Cocoa Processing (Cocoa Liquor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Nigeria: Cocoa Processing (Cocoa Powder) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Nigeria: Cocoa Processing (Cocoa Powder) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Nigeria: Cocoa Processing (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Nigeria: Cocoa Processing (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Nigeria: Cocoa Processing (Confectionary) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Nigeria: Cocoa Processing (Confectionary) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Nigeria: Cocoa Processing (Bakery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Nigeria: Cocoa Processing (Bakery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Nigeria: Cocoa Processing (Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Nigeria: Cocoa Processing (Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Nigeria: Cocoa Processing (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Nigeria: Cocoa Processing (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Nigeria: Cocoa Processing (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Nigeria: Cocoa Processing (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Nigeria: Cocoa Processing Industry: SWOT Analysis
Figure 32: Nigeria: Cocoa Processing Industry: Value Chain Analysis
Figure 33: Nigeria: Cocoa Processing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Nigeria: Cocoa Processing Market: Key Industry Highlights, 2020 and 2026
Table 2: Nigeria: Cocoa Processing Market Forecast: Breakup by Bean Type (in Million US$), 2021-2026
Table 3: Nigeria: Cocoa Processing Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Nigeria: Cocoa Processing Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Nigeria: Cocoa Processing Market: Competitive Structure
Table 6: Nigeria: Cocoa Processing Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links