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Global Cocoa Market 2016-2020

About Cocoa

Cocoa is cultivated primarily in countries located in the belt between 10ºN and 10ºS of the equator on account of the favorable climatic conditions. The demand for cocoa is increasing rapidly with the growth of chocolate confectioneries and other end-products. Cocoa production is characterized by the presence of small-scale farmers who have limited access to finance and technology, as well as dated skills. Cocoa production is likely to grow over the next few years with the incorporation of modern agronomy techniques for cocoa cultivation. The governments of most cocoa-producing countries are developing infrastructure and encouraging cocoa cultivation to increase trade. Infrastructure in terms of warehousing facilities and roads for transportation in regions such as Africa are expected to improve. Political stability can greatly affect the supply potential of cocoa and hence is crucial for steady market growth.

Technavio’s analysts forecast the global cocoa market to grow at a CAGR of 3.14%, in terms of volume, during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cocoa market for 2016-2020. To calculate the market size, Technavio considers the consumption of cocoa in terms of volume in major regions of the world such as the Americas, APAC, Europe, and ROW.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Cocoa Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Archer Daniels Midland (ADM)
  • Barry Callebaut
  • Blommer Chocolate Company
  • Cargill
  • Cocoa Processing Company
  • Olam
Other prominent vendors
  • CEMOI
  • Daarnhouwer
  • Dutch Cocoa
  • Newtown Foods
  • Puratos
  • The Hershey Company
  • United Cocoa Processor
Market driver
  • Consistent demand for chocolates
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating cocoa prices
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of Fairtrade-certified cocoa products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cocoa Market 2016-2020

Technavio recognizes the following companies as the key players in the global cocoa market: Archer Daniels Midland, Barry Callebaut, Blommer Chocolate Company, Cargill, Cocoa Processing Company, and Olam International.

Other Prominent Vendors in the market are: CEMOI, Daarnhouwer, Dutch Cocoa, Newtown Foods, Puratos, The Hershey Company, and United Cocoa Processor.

Commenting on the report, an analyst from Technavio’s team said: “Rising demand for dark chocolates will be a key trend for market growth. Dark chocolates contain flavonoids, compounds that play the role of antioxidants. Flavonoids are useful in protecting cells from harmful molecules known as free radicals. They also lower blood pressure and reduce bad cholesterol, i.e., low-density lipoprotein (LDL) cholesterol, by about 10%. Dark chocolate has attracted health-conscious consumers, and the sales of dark chocolate are increasing significantly worldwide, but particularly so in the US, China, the UK, Russia, and Brazil.”

According to the report, one of the key drivers for market growth will be demand for origin-specific cocoa. The use of origin-specific cocoa, which is made from high-quality cocoa beans obtained from one specific region, has seen increased demand over the last few years. Mondelēz International's Cadbury Bournville emphasizes that the rich cocoa of this fine dark chocolate comes from villages in Ghana. This kind of origin-specific production can reach the emotional touchpoints of consumers.

Further, the report states that fluctuating cocoa prices will be a challenge for the market. Cocoa prices have been fluctuating for the past decade. The cocoa prices depend heavily on growing conditions and can vary significantly from month to month. The volatile price of cocoa makes chocolate production costs more volatile. Marketers of confectionery items are concerned about the fluctuating cocoa prices as they are left unable to estimate their production costs on a yearly basis. As chocolate is the largest selling confectionery item, accounting for 56% of the overall market value, the volatile cocoa prices have become a major challenge for the confectionery market.

Companies Mentioned

Archer Daniels Midland, Barry Callebaut, Blommer Chocolate Company, Cargill, Cocoa Processing Company, Olam International, CEMOI, Daarnhouwer, Dutch Cocoa, Newtown Foods, Puratos, The Hershey Company, United Cocoa Processor.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Base year
    • Vendor segmentation
    • Numerical figures
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
      • Table Overview of key geographical regions producing cocoa
  • Market landscape
    • Market overview
      • Table Global cocoa market
    • Market size and forecast
      • Table Global cocoa market by volume 2015-2020 (millions of tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Segmentation of global cocoa market by product
      • Table Global cocoa market by product 2015
      • Table Global cocoa market by product 2020
    • Global cocoa liquor market
      • Table Global cocoa liquor market 2015-2020 (millions of tons)
    • Global cocoa powder market
      • Table Global cocoa powder market 2015-2020 (millions of tons)
    • Global cocoa butter market
      • Table Global cocoa butter market 2015-2020 (millions of tons)
  • Market segmentation by application
    • Segmentation of global cocoa market by application
      • Table Global cocoa market by application 2015
      • Table Global cocoa market by application 2020
    • Global cocoa market in confectionery segment
      • Table Global cocoa market in confectionery segment 2015-2020 (millions of tons)
    • Global cocoa market in food and beverage segment
      • Table Global cocoa market in food and beverage segment 2015-2020 (millions of tons)
    • Global cocoa market in other applications
      • Table Global cocoa market in other application segments 2015-2020 (kilotons)
  • Geographical segmentation
    • Segmentation of global cocoa market by geography
      • Table Global cocoa market by geography 2015
      • Table Global cocoa market by geography 2020
    • Cocoa market in Europe
      • Table Cocoa market in Europe 2015-2020 (millions of tons)
      • Table Annual per capita spend on chocolate in 2015 ($ per capita)
    • Cocoa market in Americas
      • Table Cocoa market in Americas 2015-2020 (millions of tons)
    • Cocoa market in APAC
      • Table Cocoa market in APAC 2015-2020 (kilotons)
      • Table Average annual real GDP growth based on purchasing power parity in key APAC countries 2014
    • Cocoa market in ROW
      • Table Cocoa market in ROW 2015-2020 (kilotons)
  • Key producing countries
    • Overview: Key cocoa-producing countries
  • Market drivers
    • Consistent demand for chocolates
      • Table Overview of growth prospects for key geographical regions in global chocolate market 2014-2019
    • Rising investment in cocoa production
    • Demand for origin-specific cocoa
    • Wide scope for use of cocoa powder
      • Table Cocoa powders: Typical applications
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Fluctuating cocoa prices
      • Table Global cocoa prices ($ per ton)
    • Aging workforce engaged in cocoa production
    • Criticism of labor exploitation
    • Effect of natural hazards and adverse weather conditions
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing popularity of Fairtrade-certified cocoa products
    • Rising demand for dark chocolates
    • Growing consumer preference for chocolate syrups
  • Vendor landscape
    • Competitive scenario
    • Key vendors
      • Table Leading vendors in global cocoa market 2015
    • Archer Daniels Midland
    • Barry Callebaut
      • Table Product classification in global cocoa market
    • Blommer Chocolate Company
      • Table Blommer Chocolate Company: Product classification in global cocoa market
    • Cargill
      • Table Cargill: Key market segments
      • Table Product overview
      • Table Chocolate products
    • Cocoa Processing Company
      • Table Product classification in global cocoa market
    • Olam International
      • Table Product overview
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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