Product Code: MRFR/F-B & N/0871-CR
Market Overview
The cocoa ingredients market is projected to register a CAGR of 4.45% and reach a value of USD 19,737.5 million by 2028. The essential utilization of cocoa ingredients is found in chocolates as a key cocoa-based sweet shop fixing. Aside from sweet shops, cocoa ingredients track down gigantic applications in prepared items, dairy and frozen treats, refreshments, plunges, sauces, and dressings, and among others. A couple of the huge explanations behind the development of the worldwide cocoa ingredients market are imaginative bundling and the rising prevalence of chocolate for giving followed by the likely interest in chocolate from different enterprises.
The worldwide cocoa ingredients market has seen a critical development rate throughout recent years and is projected to enlist a 4.45% CAGR during the conjecture time frame. Different variables are driving the development of the market. Dramatically developing chocolate deals overall is supposed to be the central point driving the worldwide cocoa ingredients market. Additionally, the rising ubiquity of chocolate for the end goal of giving, developing interest in solid ingredients in chocolate items, and imaginative bundling fuel the market development. However, the rising frequency of weight and other well-being concerns dial back market development.
Segment Overview
Based on product type, the global cocoa ingredients market has been segregated into cocoa powder, cocoa liquor, and cocoa butter. In terms of the category, the global cocoa ingredients market has been divided into conventional and organic. Based on application, the global cocoa ingredients market has been divided into bakery and confectionery, beverages, dairy and frozen desserts, sweet and savory snacks, dips, sauces, & dressings, and others.
Regional Analysis
Europe represented the biggest market portion of 31.10% in 2020. Asia Pacific was the second-biggest market in 2020 and is projected to display a CAGR of 4.75% during the survey time frame. The market in North America is supposed to enroll a CAGR of 4.28% during the estimate time frame.
Asia-Pacific is one of the most worthwhile regions among the makers of cocoa ingredients. It represented a 31.10% market extent in the worldwide cocoa ingredients market. The market in the region is projected to grow at a CAGR of 4.35% during the gauge time frame. Europe is the world's biggest maker of chocolate. This region houses ice cream parlor creation plants of a few global organizations like Settle S.A., Mondelez Worldwide, Inc., Mars, Consolidated, Lindt and Sprungli AG, and Ferrero SA.
Asia-Pacific represented 26.88% of the worldwide cocoa ingredients market in 2020 and is projected to extend at a 4.75% CAGR during the gauge time frame. Expanding the utilization of cocoa in nibble food and refreshments in Asia-Pacific lifts the market development. Indonesia is additionally among the vital supporter of the development of cocoa ingredients around here.
Major Players
Prominent players in the global cocoa ingredients market are Barry Callebaut (Switzerland), Olam International Ltd. (Singapore), Archer Daniels Midland Company (US), Nestle S.A. (Switzerland), The Hershey Company (US), Chocoladefabriken Lindt & Sprungli AG (Zurich), Mondelez International Inc (US), Ferrero SPA (Luxembourg), SunOpta Inc. (US), and Puratos Group (Belgium).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 21
- 1.1.1 GLOBAL COCOA INGREDIENTS MARKET, BY PRODUCT TYPE 22
- 1.1.2 GLOBAL COCOA INGREDIENTS MARKET, BY CATEGORY 23
- 1.1.3 GLOBAL COCOA INGREDIENTS MARKET, BY APPLICATION 24
- 1.1.4 GLOBAL COCOA INGREDIENTS MARKET, BY REGION 25
2 MARKET INTRODUCTION 26
- 2.1 SCOPE OF THE STUDY 26
- 2.2 RESEARCH OBJECTIVE 26
- 2.3 MARKET STRUCTURE 27
- 2.4 KEY BUYING CRITERIA 27
3 RESEARCH METHODOLOGY 28
- 3.1 RESEARCH PROCESS 28
- 3.2 PRIMARY RESEARCH 29
- 3.3 SECONDARY RESEARCH 30
- 3.4 MARKET SIZE ESTIMATION 31
- 3.5 FORECAST MODEL 32
- 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 32
4 MARKET INSIGHTS 33
5 MARKET DYNAMICS 36
- 5.1 INTRODUCTION 36
- 5.2 DRIVERS 37
- 5.2.1 CREATIVE PACKAGING AND INCREASING POPULARITY OF CHOCOLATE FOR GIFTING PURPOSES 37
- 5.2.2 POTENTIAL DEMAND OF CHOCOLATE FROM VARIOUS INDUSTRIES 37
- 5.2.3 DRIVERS IMPACT ANALYSIS 38
- 5.3 RESTRAINT 38
- 5.3.1 RISING INCIDENCE OF OBESITY AND OTHER HEALTH CONCERNS 38
- 5.3.2 FLUCTUATING PRICES 39
- 5.3.3 RESTRAINT IMPACT ANALYSIS 39
- 5.4 OPPORTUNITIES 40
- 5.4.1 GROWING DEMAND FOR HEALTH & WELLNESS PRODUCTS 40
- 5.4.2 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS 40
- 5.5 CHALLENGES 40
- 5.5.1 INCREASING HEALTH CONSCIOUSNESS AMONG CONSUMERS 40
6 MARKET FACTOR ANALYSIS 41
- 6.1 VALUE CHAIN ANALYSIS 41
- 6.1.1 RAW MATERIAL PROCUREMENT 42
- 6.1.2 PROCESSING 42
- 6.1.3 PACKAGING 42
- 6.2 SUPPLY CHAIN ANALYSIS 43
- 6.3 PORTER'S FIVE FORCES MODEL 44
- 6.3.1 THREAT OF NEW ENTRANTS 44
- 6.3.2 BARGAINING POWER OF SUPPLIERS 45
- 6.3.3 THREAT OF SUBSTITUTES 45
- 6.3.4 BARGAINING POWER OF BUYERS 45
- 6.3.5 INTENSITY OF RIVALRY 45
7 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL COCOA INGREDIENTS MARKET 46
- 7.1 OVERVIEW 46
- 7.1.1 IMPACT ON PRODUCTION: 46
- 7.1.2 IMPACT ON SUPPLY CHAIN 46
- 7.1.3 IMPACT ON END-USE APPLICATION AREAS 47
- 7.1.4 OTHERS: 47
8 GLOBAL COCOA INGREDIENTS MARKET, BY PRODUCT TYPE 48
- 8.1 OVERVIEW 48
- 8.1.1 GLOBAL COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 49
- 8.2 COCOA POWDER 49
- 8.2.1 COCOA POWDER: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 50
- 8.3 COCOA LIQUOR 51
- 8.3.1 COCOA LIQUOR: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 51
- 8.4 COCOA BUTTER 52
- 8.4.1 COCOA BUTTER: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 52
9 GLOBAL COCOA INGREDIENTS MARKET, BY CATEGORY 53
- 9.1 OVERVIEW 53
- 9.1.1 GLOBAL COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 54
- 9.2 CONVENTIONAL 54
- 9.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 55
- 9.3 ORGANIC 55
- 9.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 56
10 GLOBAL COCOA INGREDIENTS MARKET, BY APPLICATION 57
- 10.1 OVERVIEW 57
- 10.1.1 GLOBAL COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 58
- 10.2 BAKERY & CONFECTIONERY 59
- 10.2.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 59
- 10.3 BEVERAGES 60
- 10.3.1 BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 60
- 10.4 DAIRY & FROZEN DESSERTS 61
- 10.4.1 DAIRY & FROZEN DESSERTS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 61
- 10.5 SWEET & SAVORY SNACKS 62
- 10.5.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 62
- 10.6 DIPS, SAUCES, & DRESSINGS 63
- 10.6.1 DIPS, SAUCES, & DRESSINGS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 63
- 10.7 OTHERS 64
- 10.7.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 64
11 GLOBAL COCOA INGREDIENTS MARKET, BY REGION 65
- 11.1 OVERVIEW 65
- 11.1.1 GLOBAL COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 66
- 11.2 NORTH AMERICA 68
- 11.2.1 NORTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021-2028 68
- 11.2.2 NORTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 69
- 11.2.3 NORTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 70
- 11.2.4 NORTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 71
- 11.2.5 US 72
- 11.2.6 CANADA 74
- 11.2.7 MEXICO 76
- 11.3 EUROPE 79
- 11.3.1 EUROPE COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021-2028 80
- 11.3.2 EUROPE COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 81
- 11.3.3 EUROPE COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 81
- 11.3.4 EUROPE COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 82
- 11.3.5 UK 83
- 11.3.6 GERMANY 85
- 11.3.7 FRANCE 88
- 11.3.8 ITALY 90
- 11.3.9 SPAIN 92
- 11.3.10 BELGIUM 94
- 11.3.11 REST OF EUROPE 97
- 11.4 ASIA-PACIFIC 100
- 11.4.1 ASIA-PACIFIC COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021-2028 101
- 11.4.2 ASIA-PACIFIC COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 102
- 11.4.3 ASIA-PACIFIC COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 102
- 11.4.4 ASIA-PACIFIC COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 103
- 11.4.5 CHINA 104
- 11.4.6 INDIA 106
- 11.4.7 JAPAN 109
- 11.4.8 AUSTRALIA & NEW ZEALAND 111
- 11.4.9 MALAYSIA 113
- 11.4.10 INDONESIA 115
- 11.4.11 THAILAND 118
- 11.4.12 REST OF ASIA-PACIFIC 120
- 11.5 SOUTH AMERICA 123
- 11.5.1 SOUTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021-2028 123
- 11.5.2 SOUTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 124
- 11.5.3 SOUTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 125
- 11.5.4 SOUTH AMERICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 126
- 11.5.5 BRAZIL 127
- 11.5.6 ARGENTINA 129
- 11.5.7 REST OF SOUTH AMERICA 131
- 11.6 MIDDLE EAST & AFRICA 134
- 11.6.1 MIDDLE EAST & AFRICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021-2028 134
- 11.6.2 MIDDLE EAST & AFRICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 135
- 11.6.3 MIDDLE EAST & AFRICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 136
- 11.6.4 MIDDLE EAST & AFRICA COCOA INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 137
- 11.6.5 GCC COUNTRIES 138
- 11.6.6 SOUTH AFRICA 140
- 11.6.7 REST OF THE MIDDLE EAST & AFRICA 142
- 12.3 KEY DEVELOPMENTS AND GROWTH STRATEGIES 148
- 12.3.1 ACQUISITIONS 148
- 12.3.2 PRODUCT DEVELOPMENTS 148
13 COMPANY PROFILES 149
- 13.1 ARCHER DANIELS MIDLAND COMPANY 149
- 13.1.1 COMPANY OVERVIEW 149
- 13.1.2 FINANCIAL OVERVIEW 150
- 13.1.3 PRODUCTS OFFERED 150
- 13.1.4 KEY DEVELOPMENTS 151
- 13.1.5 SWOT ANALYSIS 151
- 13.1.6 KEY STRATEGIES 151
- 13.2 BARRY CALLEBAUT 152
- 13.2.1 COMPANY OVERVIEW 152
- 13.2.2 FINANCIAL OVERVIEW 153
- 13.2.3 PRODUCTS OFFERED 154
- 13.2.4 KEY DEVELOPMENTS 154
- 13.2.5 SWOT ANALYSIS 155
- 13.2.6 KEY STRATEGIES 155
- 13.3 OLAM INTERNATIONAL LTD. 156
- 13.3.1 COMPANY OVERVIEW 156
- 13.3.2 FINANCIAL OVERVIEW 157
- 13.3.3 PRODUCTS OFFERED 157
- 13.3.4 KEY DEVELOPMENTS 158
- 13.3.5 SWOT ANALYSIS 158
- 13.3.6 KEY STRATEGIES 158
- 13.4 NESTLE S.A. 159
- 13.4.1 COMPANY OVERVIEW 159
- 13.4.2 FINANCIAL OVERVIEW 162
- 13.4.3 PRODUCTS OFFERED 162
- 13.4.4 KEY DEVELOPMENTS 163
- 13.4.5 SWOT ANALYSIS 163
- 13.4.6 KEY STRATEGIES 163
- 13.5 MONDELEZ INTERNATIONAL, INC. 164
- 13.5.1 COMPANY OVERVIEW 164
- 13.5.2 FINANCIAL OVERVIEW 165
- 13.5.3 PRODUCTS OFFERED 165
- 13.5.4 KEY DEVELOPMENTS 166
- 13.5.5 SWOT ANALYSIS 166
- 13.5.6 KEY STRATEGIES 166
- 13.6 THE HERSHEY COMPANY 167
- 13.6.1 COMPANY OVERVIEW 167
- 13.6.2 FINANCIAL OVERVIEW 168
- 13.6.3 PRODUCTS OFFERED 168
- 13.6.4 KEY DEVELOPMENTS 169
- 13.6.5 SWOT ANALYSIS 169
- 13.6.6 KEY STRATEGIES 169
- 13.7 FERRERO SPA 170
- 13.7.1 COMPANY OVERVIEW 170
- 13.7.2 FINANCIAL OVERVIEW 170
- 13.7.3 PRODUCTS OFFERED 171
- 13.7.4 KEY DEVELOPMENTS 171
- 13.7.5 SWOT ANALYSIS 171
- 13.7.6 KEY STRATEGIES 172
- 13.8 CHOCOLADEFABRIKEN LINDT & SPRUNGLI AG 173
- 13.8.1 COMPANY OVERVIEW 173
- 13.8.2 FINANCIAL OVERVIEW 174
- 13.8.3 PRODUCTS OFFERED 174
- 13.8.4 KEY DEVELOPMENTS 175
- 13.8.5 SWOT ANALYSIS 175
- 13.8.6 KEY STRATEGIES 175
- 13.9 SUNOPTA, INC. 176
- 13.9.1 COMPANY OVERVIEW 176
- 13.9.2 FINANCIAL OVERVIEW 177
- 13.9.3 PRODUCTS OFFERED 177
- 13.9.4 KEY DEVELOPMENTS 177
- 13.10 JB COCOA SDN. BHD. 178
- 13.10.1 COMPANY OVERVIEW 178
- 13.10.2 FINANCIAL OVERVIEW 179
- 13.10.3 PRODUCTS OFFERED 179
- 13.10.4 KEY DEVELOPMENTS 179
- 13.11 GUAN CHONG BERHAD 180
- 13.11.1 COMPANY OVERVIEW 180
- 13.11.2 FINANCIAL OVERVIEW 181
- 13.11.3 PRODUCTS OFFERED 181
- 13.11.4 KEY DEVELOPMENTS 182
- 13.12 PURATOS GROUP 183
- 13.12.1 COMPANY OVERVIEW 183
- 13.12.2 FINANCIAL OVERVIEW 183
- 13.12.3 PRODUCTS OFFERED 183
- 13.12.4 KEY DEVELOPMENTS 184
- 13.13 COCOA PROCESSING COMPANY 185
- 13.13.1 COMPANY OVERVIEW 185
- 13.13.2 FINANCIAL OVERVIEW 185
- 13.13.3 PRODUCTS OFFERED 185
- 13.13.4 KEY DEVELOPMENTS 185
- 13.14 MARS INCORPORATED 186
- 13.14.1 COMPANY OVERVIEW 186
- 13.14.2 FINANCIAL OVERVIEW 186
- 13.14.3 PRODUCTS OFFERED 186
- 13.14.4 KEY DEVELOPMENTS 186
- 13.15 UNITED COCOA PROCESSORS INC. 187
- 13.15.1 COMPANY OVERVIEW 187
- 13.15.2 FINANCIAL OVERVIEW 187
- 13.15.3 PRODUCTS OFFERED 187
- 13.15.4 KEY DEVELOPMENTS 187
- 13.16 CARGILL INCORPORATED 188
- 13.16.1 COMPANY OVERVIEW 188
- 13.16.2 FINANCIAL OVERVIEW 188
- 13.16.3 PRODUCTS OFFERED 188
- 13.16.4 KEY DEVELOPMENTS 188
- 13.17 BLOMMER CHOCOLATE COMPANY 189
- 13.17.1 COMPANY OVERVIEW 189
- 13.17.2 FINANCIAL OVERVIEW 189
- 13.17.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
- 13.17.4 KEY DEVELOPMENTS 190
- 13.18 TOUTON S.A. 191
- 13.18.1 COMPANY OVERVIEW 191
- 13.18.2 FINANCIAL OVERVIEW 191
- 13.18.3 PRODUCTS OFFERED 191
- 13.18.4 KEY DEVELOPMENTS 191
- 13.19 ALTINMARKA GIDA SAN. VE TIC. A.S 192
- 13.19.1 COMPANY OVERVIEW 192
- 13.19.2 FINANCIAL OVERVIEW 192
- 13.19.3 PRODUCTS OFFERED 192
- 13.19.4 KEY DEVELOPMENTS 192
- 13.20 ECOM AGROINDUSTRIAL CORPORATION LTD. 193
- 13.20.1 COMPANY OVERVIEW 193
- 13.20.2 FINANCIAL OVERVIEW 193
- 13.20.3 PRODUCTS OFFERED 193
- 13.20.4 KEY DEVELOPMENTS 193
14 APPENDIX 194