Global Cocoa Market Inclinations Highlighting Enhanced Revenue in the Coming Years
Humongous consumption and production of chocolates explain increasing appetite for cocoa, making cocoa the most widely consumed flavor in the food and beverage industry.
[UKPRwire, Wed Jan 16 2019] With the rise in production for confectionery items including chocolate and related products, the demand for cocoa has enhanced at the global level. Furthermore, it has been analyzed that growing demand for chocolates especially in emerging economies is delivering lucrative opportunities for the overall cocoa market that is expected to continue in the coming years. In order to study this growth pattern together with other trends impacting the global market for cocoa, Fact.MR has published a new study titled “Cocoa Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028”. This assessment provides in-depth analysis of the chief market insights that offer a viable forecast of the concerned cocoa market in the next ten years.
The research report starts with the executive summary followed by market introduction which covers vital aspects such as key stakeholders, value chain and production details. Furthermore, the analysis provides information associated to global and regional trends along with extraordinary opportunities that have been brought under the spotlight to examine the cocoa market during the stated forecast. The later sections discuss supply chain, investment feasibility, key regulations and Porter’s Five Force analysis, which tend to offer a better understanding of the global cocoa market.
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Food and Beverage Industry to Support Cocoa Market
There has been an enormous consumption as well as production of chocolates, which directly points out to the growing demand for cocoa. At present, cocoa is seen as an extensively consumed flavor across the food and beverage industry. Interestingly, a variety of manufacturing firms from the food and beverage sector have started to select flavored cocoa for the production of several food products. In addition, the cocoa liquor sales have intensified in the last few years due to the growing preference for cocoa flavor at the international level. It has been analyzed that, this positive outlook associated to cocoa liquor demand in the coming years is projected to promote the cocoa market.
Organic and Gluten-free Variants to Boost Cocoa Market Expansion
Another major aspect fueling the cocoa demand at the global level is the rising consumer base that preaches health consciousness. To fulfill the need for such people, many manufacturers from the cocoa market have started to shift their focus towards the delivery of healthier and innovative cocoa products that contain less sugar. The availability of organic are even gluten-free cocoa products is also one of the preferences picked up by active manufacturers from the target sector. These fresh introductions are expected to stay firm in the following years, thereby, motivating the overall cocoa market.
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The later section of the report discusses the market taxonomy in terms of segments; namely, product type, process type, form type and applications. On the basis of product type, the concerned market is split into cocoa liquor, cocoa butter and cocoa powder. Furthermore, on the basis of process type, the global cocoa market is segmented into Dutch process and Natural process. Each of these segments are examined in terms of market size & forecast value, market share comparison and Y-o-Y growth comparison. Considering the geographical aspect, the global cocoa market is bifurcated into North America, Europe, Latin America, APEJ, MEA, CIS & Russia and Japan.
With the conclusion of the report, readers can learn about the intense competitive scenario existing in the global cocoa market. Some of the key market players mentioned in the report are Cargill, Inc, Barry Callebaut AG, Olam International Ltd, Natra SA, Guan Chong Cocoa Manufacturers Sdn., BT COCOA, Touton SA, Blommer Chocolate Company, Dutch Cocoa BV, Cemoi Chocolatier SA and JB Foods. Each of these players are assessed in terms of new product launches, acquisitions and collaborations.
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