The global cocoa market is expected to continue to gain stupendous revenues in the upcoming period. The market is getting prodigious demand avenues owing to increasing use of cocoa in various food products including the production of chocolates. In recent period, the disposable income of a major worldwide population is increased considerably. This factor has allowed them to spend on purchase of food products that are categorized as luxury items including chocolates. Thus, it is safe to say that the increased demand for chocolates from all across the world is stimulating the growth of the global cocoa market.

 

Cocoa or cocoa beans are derived from the fermentation of completely dried seeds of Theobroma cacao. Apart from the production of chocolates, cocoa is also used in the production of cocoa liquor, cocoa mass, cocoa powder, and other confectionery products. As a result, the global cocoa market is experiencing remarkable growth avenues. Besides, the present trend of using cocoa as a raw material in wide range of industries is boosting the cocoa market growth.

 

The present Fact.MR article offers in-detail analysis of important factors impacting positively or negatively on the growth of the global cocoa market. The market for cocoa is segmented on the basis of form type, product type, applications, process type, and region. Based on process type, the global cocoa market is divided into natural process and Dutch process. Further, the market for cocoa is segmented into cocoa powder, cocoa butter, and cocoa liquor on the basis of product type.

 

Rising Demand for Natural and Gluten-free Products Drives Market Growth

 

In recent years, there is considerable increase in the cases of various health conditions among people from worldwide locations. As a result, a major population in the globe is inclined toward buying the food products that are manufactured using organic ingredients. Considering this shift in consumer preference, several key players in the global cocoa market are focused on starting the production of healthier cocoa products. They are offering food products that are organic and with less amount of sugar content in them. This move is pushing the growth of the cocoa market growth.

 

There is rising trend among worldwide health conscious people to avoid consuming products manufactured using harmful chemicals. Instead of that, gluten-free food products are gaining tremendous popularity among health conscious people from all across the world. Thus, vendors working in the global cocoa market are producing gluten-free products. This move is helping them to grow their customer base and boost the market growth.

 

Players Expect Remarkable Demand Avenues from Food and Beverage Industry

 

Many enterprises in the global cocoa market are increasing investments in research activities. This move is helping them to roll out innovative products and expand their customer base. Apart from this, several companies are rolling out products that are manufactured using non-GMO material. At the same time, several players are executing the strategies of mergers and questions, partnerships, and collaborations to maintain their leading market position. Thus, all these activities in the global cocoa market signify that the market will grow at a fabulous pace in the upcoming period.

 

The list of key players working in the global cocoa market includes Olam International Ltd, Cargill, Inc, Guan Chong Cocoa Manufacturers Sdn., Barry Callebaut AG, Touton SA, Natra SA, Dutch Cocoa BV, BT COCOA, JB Foods, Blommer Chocolate Company, and Cemoi Chocolatier SA.

 

On regional front, the global cocoa market is spread across seven key regions, namely, North America, Europe, Latin America, Japan, APEJ, MEA, and CIS and Russia. Of them, North America, MEA, and APEJ are expected to show marvelous avenues for the growth of the cocoa market. One of the key reasons for this growth is the presence of key players in these regions. At the same time, the market is expected to get the benefit of higher consumption of cocoa in these regions and grow remarkably.