Cocoa 2018 Global Market Expected to Grow at CAGR of 3.14% and Forecast to 2022
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...
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