The Global Cocoa and Chocolate Market was worth $123.32 billion in 2016 and estimated to be growing at a CAGR of 2.28%, to reach $138.03 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/08/2018 -- According to a new market research report " Cocoa And Chocolate Market By Chocolate Type (Dark Chocolate, White Chocolate And Milk Chocolate, Filled Chocolate) By Cocoa Type (Cocoa Butter, Cocoa Liquor And Cocoa Powder) By Application (Cosmetics, Pharmaceuticals, Food And Beverage And Confectionery), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", published by MarketDataForecast, The Global Cocoa And Chocolate Market was valued at $123.32 billion in 2016 and projected to grow at a CAGR of 2.28% to approach $138.03 billion by 2021.The prominent factors such as the fast growth of the chocolate confectionery market, raising demand for chocolate products and their coatings are projected to boost the demand for the market. Increasing demand for the cocoa-based products such as cocoa products and beverages, high disposable incomes are fuelling the market growth. The health benefit in the usage of cocoa in pharmaceuticals and cosmetics is one of the major factors driving the growth of the market. However, huge manufacturing costs, health issues regarding huge consumption of cocoa products which contain pests and high sugar content, and low productivity are hindering the growth of the market.
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The milk and white chocolate segment is estimated to dominate the market in 2016
The fragmentation of global Cocoa and Chocolate Market is done on the basis of application, chocolate type, and cocoa type. On the origin of application, the global Cocoa and Chocolate Market is segregated into Food, Cosmetics, Confectionery, Beverages, and Pharmaceuticals. On the idea of chocolate type, the market is bifurcated into White Chocolate, Dark Chocolate, Filled Chocolate, and Milk Chocolate. The milk and white chocolate segment holds the highest revenue share of the market.
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Cocoa liquor segment is approximated to command the largest share of the market during the forecast period
Under the categorization of cocoa type, the Cocoa and Chocolate Market is divided into Cocoa Powder, Cocoa Butter, and Cocoa Liquor. The cocoa liquor sub-segment accounted to dominating market share.
North America is estimated to command the largest share of the market
By geography, the Global Cocoa and Chocolate Market are studied in Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. Due to the huge manufacturing of cocoa, Europe holds the large share of the market and is predicted to grow at the highest rate within the forecast period, followed by North America. North America is growing at the highest rate owing to the increasing awareness among consumers regarding health benefits on the usage of cocoa.
The important companies dominating the market are Dutch Cocoa and Cocoa Processing Company Limited, Ghirardelli Chocolate Co, Mondelez International (Cadbury), Fererro Group, Barry Callebaut, Kraft Foods, Plot Ghana, Hershey Foods Corporation, Arcor, Moonstruck Chocolatier Co, Blommer, Ezaki Glico Co. Ltd, Mars Inc, Cargill, August Storck KG, Indcresa, Nestle SA, JB Foods Limited, Meiji Co Ltd, ADM, Bunge.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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