Europe Cocoa Products By Type of Cocoa (Forastero Cocoa, Trinitario Cocoa, Criollo Cocoa), Product Type (Cocoa Beans, Cocoa Butter, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs, Others), Source (Inorganic, Organic), Application (Food & Beverages, Personal Care & Cosmetics, Dietary Supplements, Others), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2029
Europe Cocoa Products Market Analysis and Size
Cocoa is a substance made from the seeds of the cocoa tree. Cocoa is currently grown in practically every tropical location, from West and Central Africa to Asia and Oceania. It originated in Latin America. Cocoa seeds are used to manufacture cocoa liquor, cocoa butter, and cocoa powder, among other things.
Data Bridge Market Research analyses that the cocoa products market was valued at USD 11369.44 million in 2021 and is expected to reach the value of USD 18258.38 million by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029.
Market Definition
It's a powder that's extremely concentrated and utilized as a flavoring element in beverages. Chocolate and bakery confections contain it as the major ingredient. Cocoa powders, chocolate liquor, and blends are several types of cocoa that are used to flavor syrups, toppings, chocolate milk, prepared cake mixes, medications, and cookies, among other things.
Europe Cocoa Products Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type of Cocoa (Forastero Cocoa, Trinitario Cocoa, Criollo Cocoa), Product Type (Cocoa Beans, Cocoa Butter, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs, Others), Source (Inorganic, Organic), Application (Food & Beverages, Personal Care & Cosmetics, Dietary Supplements, Others), Distribution Channel (Direct, Indirect)
|
|
Countries Covered
|
Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe
|
|
Market Players Covered
|
Cemoi Chocolatier (France), Republica del Cacao (Ecuador), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), Fuji Oil Holdings Inc. (Japan), Guittard Chocolate Co. (U.S.), Ghirardelli Chocolate Co. (U.S.), Varihona Inc. (France), Barry Callebaut AG (Switzerland), Alpezzi Chocolate SA De CV (Mexico), Kerry Group Plc (Ireland), Olam International Ltd. (Singapore), Tcho Ventures Inc. (U.S.), The Hershey Company (U.S.), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy)
|
|
Opportunities
|
|
Cocoa Products Market Dynamics
Drivers
- Growing awareness about benefits of cocoa products
The market for cocoa products is rising as people become more aware of the health benefits of eating cocoa-rich foods. Cocoa aids in the reduction of hypertension, the alleviation of chronic fatigue syndrome, the prevention of sunburn, and a variety of other health benefits to the human body. Polyphenols in cocoa aid to protect the body's tissues against oxidative stress and related diseases including cancer and inflammation. These reasons are also propelling the market for cocoa products to grow.
- Growing demand for cocoa based products
The cocoa products market is growing due to increased demand for chocolate and related goods such as milk chocolate, sweet chocolate, and dark chocolate, as well as active advertising by manufacturers to build brand awareness. Cocoa is produced using improved commercial farming practises, which is predicted to enhance supply and so improve future growth prospects.
Opportunity
Theobromine, which is present in cocoa powder, helps to reduce inflammation and protects against serious diseases. Cocoa powder calories are high in beneficial chemicals since they are formed from agitated, dry, unroasted cacao beans. Raw products are frequently less processed and healthier because they include a high concentration of phytonutrients while being low in fat and sugar. Nonetheless, dark chocolate with at least 70% cacao content is a significant source of antioxidants and minerals, generating a large market opportunity.
Restraints
Volatile cocoa prices and limited cocoa production restraint the market's expansion. Raw cacao goods with minimal processing have less or no added sugar and are rich in antioxidants than fully processed cacao goods, which is slowing market growth.
This cocoa products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cocoa products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cocoa Products Market
The cocoa market was hampered by low sales volumes caused by the COVID-19 pandemic, as well as supply-side difficulties such as quality and certification. The Fine Cacao & Chocolate Institute (FCCI) undertook a survey on the impact of the COVID-19 pandemic on exports, which revealed some alarming findings. According to accounts from the Dominican Republic, the government imposed a strict lockdown that barred growers and agricultural workers from travelling to the plantations for several weeks until exceptions were permitted. As a result of the disruption in the raw material supply chain, followed by lockdown, a rising number of specialty stores are closing for an extended length of time, and premium chocolate consumption is decreasing.
Europe Cocoa Products Market Scope
The cocoa products market is segmented on the basis of type of cocoa, product type, source, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Cocoa
- Forastero cocoa
- Trinitario cocoa
- Criollo cocoa
Product type
- Cocoa beans
- Cocoa butter
- Cocoa powder & cake
- Cocoa liquor & paste
- Cocoa nibs
- Others
Application
- Inorganic
- Organic
Application
- Food & beverages
- Personal care & cosmetics
- Dietary supplements
- Others
Distribution channel
- Direct
- Indirect
Cocoa Products Market Regional Analysis/Insights
The cocoa products market is analysed and market size insights and trends are provided by country, type of cocoa, product type, source, application and distribution channel as referenced above.
The countries covered in the cocoa products market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
The European region has the largest market share in the Europe cocoa products market, In Europe, Germany has the largest market share due to the widespread use of cocoa products in industrial applications. For instance, Mondelez International, Nestle, and Lindt & Sprüngli, three of the world's largest confectionery companies, use cocoa products to make chocolates containing roasted cocoa beans.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cocoa Products Market Share Analysis
The cocoa products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cocoa products market.
Some of the major players operating in the cocoa products market are:
- Cemoi Chocolatier (France)
- Republica del Cacao (Ecuador)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- Fuji Oil Holdings Inc. (Japan)
- Guittard Chocolate Co. (U.S.)
- Ghirardelli Chocolate Co. (U.S.)
- Varihona Inc. (France)
- Barry Callebaut AG (Switzerland)
- Alpezzi Chocolate SA De CV (Mexico)
- Kerry Group Plc (Ireland)
- Olam International Ltd. (Singapore)
- Tcho Ventures Inc. (U.S.)
- The Hershey Company (U.S.)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
- Puratos Group Nv (Belgium)
- Ferrero International S.A. (Italy)
SKU-