Middle East and Africa Cocoa Products Market Segmentation, By Type of Cocoa (Forastero Cocoa, Criollo Cocoa and Trinitario Cocoa), Product Type (Cocoa Butter, Cocoa Beans, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs and Others), Source (Inorganic and Organic), Application (Food & Beverages, Dietary Supplements, Personal Care & Cosmetics and Others), Distribution Channel (Direct and Indirect) - Industry Trends and Forecast to 2031.
Middle East and Africa Cocoa Products Market Size
Middle East and Africa cocoa products market size was valued at USD 727.65 million in 2023 and is projected to reach USD 928.95 million by 2031, with a CAGR of 3.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Cocoa Products Key Market Insights
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Segmentation
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By Type of Cocoa: Forastero Cocoa, Criollo Cocoa and Trinitario Cocoa
By Product Type: Cocoa Butter, Cocoa Beans, Cocoa Powder & Cake, Cocoa Liquor & Paste, Cocoa Nibs and Others
By Source: Inorganic and Organic
By Application: Food & Beverages, Dietary Supplements, Personal Care & Cosmetic and Others
By Distribution Channel: Direct and Indirect
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Countries Covered
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South Africa, Saudi Arabia, Oman, U.A.E., Qatar, Kuwait, Rest of Middle East and Africa
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Key Market Players
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Olam International, Cargill, Incorporated, Barry Callebaut, Nestle, ALTINMARKA, MONER COCOA, S.A., PURATOS, Huyser Möller, Sucden, Plot Enterprise Ghana Ltd and Ecom Dutch Cocoa
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Middle East and Africa Cocoa Products Market Dynamics
Rising demand for cocoa products in wide industrial applications such as confectioneries, beverages are accelerating the use of cocoa products accelerated the growth of the market. The health benefits associated with the cocoa products are it helps lowering in blood pressure, it also helps in diabetes management and also maintains cardiac related diseases, which is accelerating the utilization of cocoa ingredients in dark chocolates.
This cocoa products market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Cocoa Products Market Scope
Middle East and Africa cocoa products market is segmented on the basis of type of cocoa, product type, source, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type of Cocoa
- Forastero Cocoa
- Criollo Cocoa
- Trinitario Cocoa
Product Type
- Cocoa Butter
- Cocoa Beans
- Cocoa Powder
- Cake
- Cocoa Liquor
- Paste
- Cocoa Nibs
- Others
Source
- Organic
- Inorganic
Application
- Food & Beverages
- Dietary Supplements
- Personal Care
- Cosmetics
- Others
Distribution Channel
- Direct
- Indirect
Middle East and Africa Cocoa Products Market Regional Analysis
Cocoa products market is analyzed and market size information is provided by country, type of cocoa, product type, source, application and distribution channel
The countries covered in Cocoa products market report are the South Africa, Saudi Arabia, Oman, U.A.E., Qatar, Kuwait, Rest of Middle East and Africa.
In Middle East and Africa cocoa products market, South Africa dominates the market as almost 30% cocoa is produced in Ghana of total world cocoa production and their demand in industrial applications such as food and beverages, skin care and hair care products in South Africa accelerated their growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Cocoa Products Market Share
Middle East and Africa 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, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East and Africa cocoa products market.
Cocoa Products Market Leaders Operating in the Market Are:
- Olam International
- Cargill
- Incorporated
- Barry Callebaut
- Nestle
- ALTINMARKA
- MONER COCOA, S.A.
- PURATOS
- Huyser Möller, Sucden
- Plot Enterprise Ghana Ltd
- Ecom Dutch Cocoa
Latest Developments in Cocoa Products Market
- In December 2019, Sucden Company become the member of the International Cocoa Initiative (ICI) for the protection of the child labor. This development helped the company to increase goodwill and revenue in near future.
- In October 2016, Touton SA. has launched a climate smart Cocoa supports and complements the Forestry Commission’s objectives in the implementation of the Ghana Cocoa. This helped the company to maintain robust climate smart cocoa approach which made a healthy cocoa cultivation.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organization to improve their offering for cocoa products through expanded range of size.
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