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Cocoa Market: Cocoa Liquor Sub-Segment Expected to Reach a Sweet Spot in the Global Cocoa Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Cocoa Market: Cocoa Liquor Sub-Segment Expected to Reach a Sweet Spot in the Global Cocoa Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Cocoa liquor sub-segment likely to surpass cocoa powder sub-segment in terms of value share in the coming decade, owing to an increase in demand for cocoa liquor

Cocoa powder falls under both conventional and organic categories. In 2016, the cocoa powder sub-segment in the conventional category was estimated to account for a market value share of more than 30% in the global cocoa market. This segment is anticipated to witness a slight drop in market value share and be valued a little less than 35% by the end of the forecast period. The cocoa liquor sub-segment in the conventional category is expected to be the most attractive sub-segment in the global cocoa market over the forecast period, registering a CAGR of 4.3% in terms of value during the forecast period.

In 2016, the cocoa powder sub-segment in the organic category was anticipated to hold a meagre market share of a little over 18%, while the cocoa liquor sub-segment in the organic category was projected to hold the highest market share of 45%. The cocoa liquor sub-segment in the organic category is expected to remain dominant throughout the forecast period.

Rising demand for chocolates and cocoa brownies is anticipated to boost the growth of the cocoa powder sub-segment

Cocoa powder is an essential ingredient used to make a variety of dark chocolates, thus increasing the popularity of dark chocolates across the globe, especially in developing countries. This is driving the growth of the cocoa powder sub-segment in the global cocoa market. Rising awareness among adult consumers across the globe regarding the various health benefits associated with dark chocolate has been contributing to the growth in consumption of chocolates made of cocoa powder. Another factor creating robust development in the cocoa powder sub-segment is an increasing inclination of young consumers towards chocolate. Primary consumers of chocolate are children, but as per the current scenario, chocolate is gaining popularity amongst young adults, as it helps in lowering cholesterol, which is helpful in maintaining fitness and promoting muscle building. The demand for cocoa powder in various food applications has been increasing since the last few years. Demand for packaged premium quality cocoa powder based products such as cookies, chocolates, chocolate coated fruits, and caramelised chocolates for occasions such as New Year, Christmas, birthdays, and weddings is increasing rapidly. This is another major factor expected to boost the growth of the cocoa powder sub-segment of the global cocoa market over the projected period.

Revenue contribution from the Western Europe cocoa market to the global cocoa market is likely to remain comparatively high throughout the forecast period

The cocoa market in Western Europe was anticipated to represent a relatively high value share of almost 35% by 2016 end, and is expected to remain the dominant regional market over the forecast period. An increasing demand for cocoa in the conventional sub-segment in Western Europe is expected to fuel growth of the cocoa market in this region. The Western Europe market is projected to gain 233 BPS by 2026 end over 2016. The cocoa market in North America is likely to witness substantial growth in terms of value throughout the forecast period. North America followed Western Europe closely in terms of market share in 2016, with a projected value share of over 20%. The North America cocoa market is anticipated to gain 23 BPS by 2026 end over 2016. In terms of CAGR, the Western Europe cocoa market is estimated to register the highest value CAGR of 4.1% with North America standing at the second position with 3.5% value CAGR.

Swiss chocolate manufacturer The Barry Callebaut Group opens first ever cocoa powder based beverage products academy

Switzerland based chocolate manufacturer The Barry Callebaut Group opened its first cocoa powder based beverage products academy in 2016 – Van Houten Beverage, Sweden – to enter into this business segment. In 2016, U.S based Cargrill Incorporated introduced cocoa powder with intense dark red colour in its product offerings in Indonesia for application in chocolate ice-creams, drinks, and desserts. Another U.S. based manufacturer, Carlyle Cocoa has acquired speciality in manufacturing six different cocoa powder varieties differentiated on the basis of pH range, while the rest of the ingredients remain the same.


1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Organic Cocoa Market Analysis Scenario
3.1. Market Volume Analysis
3.1.1. Regional Production Outlook
3.1.2. Regional Consumption Outlook
3.1.3. Regional Production Vs. Consumption Outlook
3.1.4. Net Trade Scenario
3.2. Pricing Analysis
3.2.1. Pricing Assumptions
3.2.2. Price Projections Per Region
3.3. Market Size and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Industry Value and Supply Chain Analysis
3.4.1. Value Chain
3.4.2. Gross Profitability Margins
3.4.3. List and Role of Key Participants
3.4.3.1. Manufacturers
3.4.3.2. Distributors/Retailers
3.4.3.3. End users
3.5. Organic Vs. Conventional Cocoa Production Scenario
3.6. Key Regulations
3.7. Location Analysis
3.7.1. Top Producing Countries
3.7.2. Top Consuming Countries
3.7.3. Shift of Supply Locations in Near Term
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors – Relevance and Impact
5. Global Organic Cocoa Market Analysis and Forecast, By Nature
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Nature
5.1.2. Y-o-Y Growth Projections By Nature
5.2. Market Size and Forecast By Nature
5.2.1. Organic
5.2.2. Conventional
5.3. Market Attractiveness Analysis By Process type
5.4. Prominent Trends
6. Global Organic Cocoa Market Analysis and Forecast, By Process type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Process type
6.1.2. Y-o-Y Growth Projections By Process type
6.2. Market Size and Forecast By Process type
6.2.1. Natural
6.2.2. Dutch
6.3. Market Attractiveness Analysis By Process type
6.4. Prominent Trends
7. Global Organic Cocoa Market Analysis and Forecast, By Product type
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Product type
7.1.2. Y-o-Y Growth Projections By Product type
7.2. Market Size and Forecast By Product type
7.2.1. Cocoa Powder
7.2.2. Cocoa Butter
7.2.3. Cocoa Liquor
7.2.4. Cocoa Beans
7.3. Market Attractiveness Analysis By Product type
7.4. Prominent Trends
8. Global Organic Cocoa Market Analysis and Forecast, By Application
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Application
8.1.2. Y-o-Y Growth Projections By Application
8.2. Market Size and Forecast By Application
8.2.1. Confectionery
8.2.2. Functional Food
8.2.3. Bakery Items
8.2.4. Pharmaceutical
8.2.5. Cosmetics
8.2.6. Beverages
8.3. Market Attractiveness Analysis By Application
8.4. Prominent Trends
9. Global Organic Cocoa Market Analysis and Forecast, By Region
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Region
9.1.2. Y-o-Y Growth Projections By Region
9.2. Market Size and Forecast By Region
9.2.1. North America
9.2.2. Western Europe
9.2.3. Asia Pacific Excl. Japan (APEJ)
9.2.4. Latin America
9.2.5. Eastern Europe
9.2.6. Middle East and Africa (MEA)
9.2.7. Japan
9.3. Market Attractiveness Analysis By Region
10. North America Organic Cocoa Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.1.3. Key Regulations
10.2. Market Size and Forecast By Country
10.2.1. U.S.
10.2.2. Canada
10.3. Market Size and Forecast By Nature
10.3.1. Organic
10.3.2. Conventional
10.4. Market Size and Forecast By Process
10.4.1. Natural
10.4.2. Dutch
10.5. Market Size and Forecast By Product type
10.5.1. Cocoa Powder
10.5.2. Cocoa Butter
10.5.3. Cocoa Liquor
10.5.4. Cocoa Beans
10.6. Market Size and Forecast By Application
10.6.1. Confectionery
10.6.2. Functional Food
10.6.3. Bakery Items
10.6.4. Pharmaceutical
10.6.5. Cosmetics
10.6.6. Beverages
10.7. Market Attractiveness Analysis
10.7.1. By Country
10.7.2. By Nature
10.7.3. By Process
10.7.4. By Product type
10.7.5. By Application
10.8. Prominent Trends
10.9. Drivers and Restraints: Impact Analysis
11. Western Europe Organic Cocoa Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projections By Country
11.1.3. Key Regulations
11.2. Market Size and Forecast By Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. Spain
11.2.5. U.K.
11.2.6. BENELUX
11.2.7. Rest of Western Europe
11.3. Market Size and Forecast By Nature
11.3.1. Organic
11.3.2. Conventional
11.4. Market Size and Forecast By Process
11.4.1. Natural
11.4.2. Dutch
11.5. Market Size and Forecast By Product type
11.5.1. Cocoa Powder
11.5.2. Cocoa Butter
11.5.3. Cocoa Liquor

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