A cocoa processing plant transforms cocoa beans into three main components: cocoa liquor and cocoa butter and cocoa powder. These components can be used to make different products. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds.
This report contains market size and forecasts of Cocoa in global, including the following market information:
Global Cocoa Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Cocoa Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Cocoa companies in 2021 (%)
The global Cocoa market was valued at 15960 million in 2021 and is projected to reach US$ 19390 million by 2028, at a CAGR of 2.8% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cocoa Liquor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Cocoa include Barry Callebaut, Cargill, Nestle SA, Mars, Hershey, Blommer (FUJI OIL), Olam, Puratos and Cémoi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Cocoa manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cocoa Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Cocoa Market Segment Percentages, by Type, 2021 (%)
Cocoa Liquor
Cocoa Butter
Cocoa Powder
Global Cocoa Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Cocoa Market Segment Percentages, by Application, 2021 (%)
Confectionery
Food and Beverage
Cosmetics
Others
Global Cocoa Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Cocoa Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cocoa revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Cocoa revenues share in global market, 2021 (%)
Key companies Cocoa sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Cocoa sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer (FUJI OIL)
Olam
Puratos
Cémoi
Irca
NATRA
Kerry Group
Ferrero
ECOM
Guan Chong
Mondelez