The Cocoa Ingredients Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/21/2017 -- Cocoa Ingredients Market Drivers
Exponentially rising chocolate sales across the world are anticipated to be the main cocoa ingredients market driver. Booming economic growth in the APAC region (led by China and India), Latin America and Southeast Asia along with an increasing disposable income will spur the demand for chocolates. In addition to this, there is a growing realisation that dark chocolate with the maximum amount of cocoa (usually above 70%) has several health benefits. Studies have shown that it contains antioxidants, lowers the risk of heart disease, improves blood flow & lowers blood pressure, and decreases oxidised LDL cholesterol levels, especially in men. This is particularly relevant in developed countries which have an ageing population. Cocoa seeds are used by some people as a medicine and it is supposed to help treat infectious intestinal diseases, asthma, diarrhoea, bronchitis. The seed coat is used for bladder, liver and kidney trouble, as a tonic, treating diabetes, and even as a general remedy. The butter is helpful in cases of high cholesterol, to treat wrinkles and even to prevent pregnancy stretch marks.
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Cocoa Ingredients Market Key Market Players
The cocoa ingredients market key players are Archer Daniels Midland Company, Barry Callebaut, Cocoa Processing Company Ltd., Mars Inc., Hershey, United Cocoa, Olam International Ltd., Cargill Incorporated, Agostonichocolate and Cocoa Processing Company Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
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Cocoa Ingredients Market Key Regions
The cocoa ingredients market can be broadly classified into two types – the producer and the customer market. West Africa has long been the world's largest cocoa producer, with nearly 70% coming from Ghana & the Ivory Coast. The largest cocoa ingredient customer markets are the EU, followed by North America. This is mainly due to an affluent population with discerning tastes and a preference for healthier options like dark chocolate. The strongest growth is expected to be in China and India and they will drive the future market. Despite their impressive growth, however, the West cannot be ignored by companies involved in the cocoa ingredients market on account of their strong fundamentals.
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