Cocoa Ingredients Market

Apr 2020| VMR1904A| Verified Market Research

Report Highlights

Cocoa Ingredients Market Size And Forecast

According to Verified Market Research, Global Cocoa Ingredients Market was valued at USD 9.83 Billion in 2018 and is projected to reach USD 16.96 Billion by 2026, growing at a CAGR of 7.06 % from 2019 to 2026.

Global Cocoa Ingredients Market Outlook

Increasing demand from western Europe and developing economies is driving the growth of the cocoa ingredient market. the chocolate industry is a major consumer of cocoa. The cocoa market is projected to grow, driven primarily by its extensive appeal, popularity and wide use in the food and beverage industry and cosmetic industry. Consumption patterns are also changing positively in emerging economies owing to the rising spending power of consumers. A new trend for cocoa-based cosmetics and an increase in the number of coffee lovers are influencing the growth of the cocoa market. The western manufacturer has rediscovered cocoa as a new ingredient to be used in many skin treatments in a variety of salon and finished products. It has been found that antioxidants contained in the cocoa shell help delay the skin aging signs, boost fat burn and have a psychological stimulating effect.

However, the market is facing a challenge in meeting demand, cocoa trees are aging, as a result, lead to a considerable reduction in yield, and the effect of rising temperatures in cocoa-producing countries which may decline production levels and trigger further deforestation.

Global Cocoa Ingredients Market Competitive Landscape

The Global Cocoa Ingredients Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Archer Daniels Midland Company, Cocoa Processing Company Ltd., Agostoni Chocolate, Barry Callebaut, Mars Inc., Hershey, United Cocoa, Olam International Ltd., Cargill Incorporated, Cargill, and Niche Cocoa Industry Ltd.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
CUSTOM RESEARCH

Need a custom data table, graph or complete report? Tell us more.

Contact Us
Share This Report