Organic Cocoa Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability
Market Overview
The surging demand for cocoa is expected to profit from rising incorporation of cocoa in a range of food preparations. Reports that gauge the food, beverage, and nutrition industry have been made available by Market Research Future, which creates reports on several industry verticals that review the market growth and prospects. The market is estimated to attain earnings worth USD 585 million while advancing at a CAGR of 12.16 % by the conclusion of the forecast period.
The escalated demand for premium grade chocolate products is expected to intensify the demand for organic cocoa globally. Moreover, the elevated consumption level of beverages and functional foods is anticipated to benefit the organic cocoa market in the approaching period. The demand for organic products has gained considerable traction in recent years, which is expected to aid the growth of the organic cocoa market in the imminent period.
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Competitive Analysis
The prominent companies in the Organic Cocoa Market are
- BT Cocoa (Indonesia),
- Tradin Organic Agriculture B.V. (U.S.),
- Conacado Agroindustrial S.A. (Dominican Republic),
- Olam (Uganda) Limited (Uganda),
- Blommer chocolate company (U.S.),
- Barry Callebaut AG (Switzerland)
- Mars Inc. (U.S.)
The positive shift in regulations in the market is anticipated to create a conducive environment for progress in the coming years. The incidence of favorable market prospects is anticipated to further create profitable growth outcomes in the market. The synchronization achieved in terms of the micro and macro growth factors is projected to strengthen the market’s expansion further. The favorable alignment of the consumer buying patterns is expected to increase the rate of advancement of the market. A significant ascent in the number of promoters in the market is estimated to craft a beneficial for the development of the market in the projected period. The market is expected to exhibit an increased growth momentum due to the presence of positive market growth indicators. The amplified demand levels prevailing in the market are expected to induce a sustainable business environment fostering constructive progress.
Segmental Analysis
The segmental evaluation of the organic cocoa market is carried out based on application and region. Based on Application, the organic cocoa market comprises of functional food & beverages, bakery & confectionery, personal care products, pharmaceuticals, and others. The confectionery and bakery-based application are projected to control the organic cocoa market based on elevated demand for organic chocolate in the confectionery and bakery industries. The confectionery and bakery-based application is likely to retain a major segment of more than 40 % and is appraised to be expanding at a CAGR of 10.92 % through the forecast period. Based on the region, the organic cocoa market is segmented into Africa, America, and the rest of the world.
Detailed Regional Analysis
The regional assessment of the Organic Cocoa Market comprises of regions such as Africa, America, and the rest of the world. The market for organic cocoa has been observing sustained demand through the forecast period due to increasing population base of consumers adopting organic food consumption trends. In terms of value and volume, the Americas region is projected to direct the organic cocoa market and controls the lion’s share of more than 60%. Furthermore, the African region is expected to hold the next largest share in the organic cocoa market globally and is anticipated to flourish at a rate of 9.02%. The Americas region will control the organic cocoa market with more than 60 % of the market stake, and it is expected to accomplish a market worth of more than USD 400 million at a CAGR of 14.27 % by 2022. The African region is likely to perceive a high growth rate of 9.02% through the forecast period owing to the expanding number of cocoa farmers registering for organic certification. The high demand for quality organic chocolate has augmented the sales of organic cocoa on the global level. The mounting demand for organic ingredients in functional beverages and food and personal care products has been portraying an important role in the progress of the organic cocoa market in the last few years.
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