Industrial Chocolate Production
The Industrial Chocolate Production industry processes cocoa beans to manufacture cocoa products including cocoa powder, cocoa liquor and cocoa butter. Over the past five years, the industry has benefited from trends such as improving disposable incomes and greater demand for premium chocolate goods. However, other trends, including volatile cocoa prices and rising health consciousness, have stunted industry growth. Over the five years to 2017, IBISWorld expects industry revenue to fall marginally. Over the next five years, improving harvest conditions in West Africa will cause supply to expand slightly and selling prices will stabilize, keeping profit growth moderate. Additionally, the prevalence of health-conscious and environmentally-friendly consumers will create new opportunities for small operators to enter the industry by producing organic, sustainably-sourced cocoa that demands premium prices.
This industry includes companies that press cocoa beans to manufacture cocoa ingredients used in other food processing. This industry’s products include cocoa powder, cocoa butter and cocoa liquor.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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