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Cocoa and Chocolate Market Industry Analysis - 2027

Cocoa and Chocolate Market Size categorize the global market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, and White Chocolate), Application (Food & Beverage, Cosmetics, and pharmaceuticals), Nature (Conventional, Organic), Distribution and Region

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Cocoa and Chocolate Market Industry Analysis - 2027

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  1. CocoaMarketworth$26.3andChocolateMarketworth$160.9billionby2027Respectively– ExclusiveReportby MarketsandMarkets™ TheCocoaandChocolateMarketisprojectedtoreachUSD26.3billionby2027,growingataCAGRof4.5%from2022to2027.TheglobalchocolatemarketisprojectedtoreachUSD160.9billionby2027,growingataCAGRof4.7%from2022 to 2027 according to a new report by MarketsandMarkets™. Withthegrowingawarenessabouthealth,anincreasingnumberofconsumersareprioritizingtheirhealthandfollowingspecificdietswithspecificneeds.Thispropelsthedemandfordarkchocolatewithhighcocoaandlesssugar.Cocoaisthemajorrawmaterialrequiredtomanufacturechocolate.Theslightestturbulenceinthecocoamarketwouldleadtopricefluctuations.AccordingtotheInternationalCocoaOrganization,theworld’slargestsupplierofcocoaisAfrica,whichaccountsfor72%oftheglobalproductionofcocoa.IvoryCoastandGhanaarethemajorcountriesproducingcocoa,butthesecountriesarealsofacingcertainissuessuchasfairtradediscrepancies,environmentalissues,spellsofgovernmentunrest,andreducinglaborforceasmorepopulationisleavingfarmingasanoccupationandoptingotherprofessionsTherefore,measuressuchasimplementationofNationalCocoaDevelopmentPlan(NCDP)inthemembercountriesofICCOarebeingundertakentoimprovetheproductionofcocoa.Initiativeslikethesegiveapromisingoutlooktowardsfulfillingtherisingdemandforcocoaglobally.Thecocoa&chocolatemarketplayersareshowingtrendsofpursuingbothorganicaswellasinorganicstrategiesfortheirexpansion,consolidation,andsustainabilityinthemarket.Developmentsandnewproductlaunchesinchocolateandriseintheuseofcocoaforcosmeticsandpharmaceuticalsaredrivingthemarketandisleadingtoanincreaseddemandforcocoa. DownloadPDFBrochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226179290 Browsein-depthTOCon"CocoaandChocolateMarket” 195– Tables 56– Figures 223– Pages MilkChocolatesegmentisthefastestgrowingamongthevarioustypesofchocolateduringtheforecastperiod. Themarketforchocolate,basedontype,issegmentedasdarkchocolate,milkchocolate,filledchocolate,andwhitechocolate.Themilkchocolatesegmentisestimatedtodominatethechocolatemarketin2022andisanticipatedtowitnesssimilartrendsthroughouttheforecastperiod.Milkchocolatehaslowlevelsofcocoasolidsandislighterandsweeterthandarkchocolate.Darkchocolatesegmenthaswitnessedanupwardstrendovertheyearsowingtovarioushealthbenefitsassociatedwithitduetothepresenceofhighfiber,highiron,magnesium,potassium,andphosphoruscontent. Inthecocoaandchocolatemarket,organicnaturesegmentisregisteringthehighestgrowthduringtheforecastperiod. Thecocoamarket,basedonnature,issegmentedintoconventionalandorganic.In2022,theconventionalcocoamarketsegmentisexpectedtodominatethemarket.Theconventionalcocoaproductsareeasilyavailableatlowcostandarewidelypreferred.Duetotheneedfororganicfarming,highlabourexpenses,maintenancerequirements,andotherorganiccocoa-relatedoperatingexpenditures,organiccocoaingredientsandproductsarequiteexpensive.Theorganiccocoasegment,however,isestimatedtowitnessahighergrowthrateduringtheforecastperiodowingtoitsvarioushealthbenefitsandenvironmentfriendliness. AsiaPacificregioniswitnessingthehighestgrowthrateinchocolatemarket. TheAsiaPacificregioniswitnessingthefastestgrowthrateof5.72%duringtheforecastperiod.TheChinesecocoamarket,intermsofvolume,isestimatedtogrowataCAGRof6.39%.Thisisattributedtothestrongdemandforchocolateinthecountry.AcrossEurope,Germanyconsumedthehighestquantityofchocolatein2021followedbytheUK,andBelgium.TheUnitedStatesaccountedforthelargestmarketshareprimarilydrivenbythelargeconsumptionofconfectionaryandbakeryitems.AccordingtotheObservatoryofEconomicComplexity(OEC),theUSwastheseventhlargestexporterofchocolatein2020,withkeyexportdestinationsbeingCanada,Mexico,SouthKorea,Australia,andtheUK.Growthinthisregionisattributedtothegrowingpopulation,riseinpercapitaincome,growingurbanization,andtherefore,anincreaseindemandforchocolate-basedproducts.Additionally,thenutritionalbenefitsofchocolatearepromotingthegrowthofchocolateintheregion. RequestSamplePages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=226179290

  2. ThekeyplayersincocoaandchocolatemarketincludeMars,Inc.(US),MondelezInternational(US),NestleS.A.(Switzerland),MeijiHoldingCo.Ltd.(Japan),FerreroInternational(Italy),OlamGroup(Singapore),BarryCallebaut(Switzerland),CargillIncorporated(US),CocoaProcessingCompany(GHANA),ArcherDanielMidland(ADM)Company(U.S.),ChocoladefabrikenLindt&SprüngliAG(Switzerland)andPladisGlobal(UK)amongothers.ThekeyplayersincocoaandchocolatemarketincludeMars,Inc.(US),MondelezInternational(US),NestleS.A.(Switzerland),MeijiHoldingCo.Ltd.(Japan),FerreroInternational(Italy),OlamGroup(Singapore),BarryCallebaut(Switzerland),CargillIncorporated(US),CocoaProcessingCompany(GHANA),ArcherDanielMidland(ADM)Company(U.S.),ChocoladefabrikenLindt&SprüngliAG(Switzerland)andPladisGlobal(UK)amongothers. Get10%FreeCustomizationonthisReport: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=226179290 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact70%to80%ofworldwidecompanies’ revenues.Currentlyservicing7500customersworldwideincluding80%ofglobalFortune1000companiesasclients.Almost75,000topofficersacrosseightindustriesworldwideapproachMarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the"GrowthEngagementModel– GEM".TheGEMaimsatproactivecollaborationwiththeclientstoidentifynewopportunities,identifymostimportantcustomers,write"Attack,avoidanddefend"strategies,identifysourcesofincrementalrevenuesforboththe company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioningtopplayersacrossleaders,emergingcompanies,innovators,strategicplayers)annuallyinhigh growth emerging segments. MarketsandMarkets™ is determinedtobenefitmorethan10,000companiesthisyearfortheirrevenueplanningandhelpthemtaketheirinnovations/disruptionsearlytothemarketbyprovidingthemresearchaheadofthecurve. MarketsandMarkets’sflagshipcompetitiveintelligenceandmarketresearchplatform,"KnowledgeStore"connectsover200,000marketsandentirevaluechainsfordeeperunderstandingoftheunmetinsightsalongwithmarketsizingandforecastsofnichemarkets. Contact: Mr.AashishMehraMarketsandMarkets™ INC. 630DundeeRoad Suite430 Northbrook,IL60062 USA:+1-888-600-6441 Email:sales@marketsandmarkets.com ResearchInsight:https://www.marketsandmarkets.com/ResearchInsight/cocoa-chocolate-market.aspVisitOurWebsite:https://www.marketsandmarkets.com/ ContentSource:https://www.marketsandmarkets.com/PressReleases/cocoa-chocolate.asp

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