North America 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.
North America Cocoa Products Market Size
North America Cocoa Products Market size was valued at USD 4.95 billion in 2023 and is projected to reach USD 7.09 billion by 2031, with a CAGR of 4.6% 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 & Cosmetics and Others
By Distribution Channel: Direct and Indirect
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Countries Covered
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U.S., Canada, Mexico
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Key Market Players
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Cargill, Incorporated, NATRA, TOUTON S.A., JBCOCOA Sdn. Bhd., Ecuakao Group Ltd, Blommer Chocolate Company, Guan Chong Berhad, UNITED COCOA PROCESSOR, INC., ciranda, inc.
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North America Cocoa Products Market Dynamics
Increasing demand of cocoa products due to the health awareness of cocoa is the factors for the market growth.
The consumption of the cocoa products can help to control the heart and blood pressure diseases. So, the increase in the awareness of the cocoa products on health will help to boost the cocoa products market. With the increasing in industrial application of cocoa, the demand for the cocoa will increase which will help to drive the cocoa products market. High sugar content in the cocoa products will be the restraining factor for the cocoa products market.
North America region is dominating due to increase demand for cocoa products to control heart diseases and blood pressure problems which is increasing the demand for the cocoa products in the region.
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 European 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.
North America Cocoa Products Market Scope
North America 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
North America Cocoa Products Market Regional Analysis
North America cocoa products market is analyzed and market size information is 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 U.S., Canada and Mexico in North America.
In North America, the U.S. is dominating the market due to increasing demand of the organic cocoa cosmetics product in the country along with increasing use of cocoa in cosmetics and pharmaceutical industries. This is the reason why the usage of cocoa products demand has increased in the region.
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 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
North America 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 North America cocoa products market.
Cocoa Products Market Leaders Operating in the Market Are:
- Cargill, Incorporated
- NATRA
- TOUTON S.A.
- JBCOCOA Sdn
- Ecuakao Group Ltd
- Blommer Chocolate Company
- Guan Chong Berhad
- UNITED COCOA PROCESSOR, INC.
- ciranda, inc
Latest Developments in Cocoa Products Market
- In 2019 Cargill, Incorporated acquired Smet, one of the supplier of chocolates and sweet decorations in Belgium. This will bring these companies together along with their global gourmet chocolate activities. This has helped the company to increase their customer base and also helped them to focus on its new product portfolio.
- In 2018 Touton S.A. company’s digital technology and satellite imagery have been designed to create individual Farm Development Plans (FDPs) to guide farmers over a seven-year period to help enter the SAT4Farming project. This development helped to increase the revenue in near future.
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