According to the research report titled ‘GLOBAL COCOA MARKET 2021-2028’, available with MarketStudyReport, global cocoa market is expected to record a compound annual growth rate of 4.11% between 2021 and 2028.
 

Growing chocolate demand and rising cognizance regarding the health benefits of the product are the major factors fueling global cocoa market size.  It is worth noting that bean-to-bar is a chocolate making process in which the manufacturer has a complete control of the chocolate’s quality.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4186647/

Thus, rising popularity of ruby cocoa beans as well as bean-to-bar chocolates have also resulted in increased product penetration. However, low productivity rates of cocoa in tandem with price fluctuations are likely to hamper the market remuneration during the study period.

The geographical analysis of this business vertical extends to North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Among these, Asia-Pacific cocoa market value is expected to increase significantly in the subsequent years. Innovative product launches, increasing number of chocolate producers, and evolving consumer lifestyle have augmented the demand for cocoa in Asia-Pacific.

In addition, swift urbanization, rising disposable income, and improving retail distribution are also paving the way towards the cocoa market growth in Asia-Pacific.

The competitive landscape of global cocoa market is defined by companies such as Touton S.A., Archer-Daniels-Midland Company, Chocoladefabriken Lindt & Sprüngli AG, Ferrero S.p.A., Mondelez International Inc., The Hershey Company, Blommer Chocolate Company, Natra S.A., Barry Callebaut AG, Guan Chong Berhad, Olam International Ltd., Puratos Group, Nestlé S.A., Meiji Holdings Company Ltd., and Cargill Inc.