Global Cocoa Market to be Driven by Rising Set of Novel Applications

2024-11-07 05:18:57 Lifestyle

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The global market for cocoa has been studied in a detailed market research report by Transparency Market Research. The report, titled Cocoa Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 2019, presents an expansive analysis of the key macro and micro factors that are essential for the growth and profitability of companies operating in the global cocoa market.

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Cocoa, being a key ingredient in chocolates, cosmetic products, liqueurs, and several other products in the food and beverages industry, enjoys steady demand from across the globe. Although the ingredient has been in use for several centuries, its use in new and innovative applications has led to significant expansion of the global cocoa market in the recent past. The report presents a complete overview of the major trends in the market and key factors that will drive or restrain the markets growth and have an impact on the overall development of the market over the reports forecast period.

The report states that the global cocoa market will be driven by the rising global demand for chocolate and chocolate coatings. Cocoa finds major application in dark chocolate, milk chocolate, drinking chocolate, sweet chocolate, baking chocolate, and several cosmetic products. These traditional uses of cocoa are expected to be the major growth inducers for the global cocoa market in the coming years.

However, factors such as the rising health concerns regarding the high sugar content in most cocoa-based products are projected to restrain the overall growth of the global cocoa market to a certain extent over the reports forecast period. The rising population of diabetics across the globe and the resultant rise in the demand for sugar-free products is a major opportunity that cocoa-based product manufacturers should go for.

On a geographical front, the cocoa market is dominated by the leading producers of cocoa and cocoa products, which include countries such as Belgium, Ghana, Switzerland, and the United Kingdom.

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The report also presents a detailed overview of the competitive scenario of the global cocoa market with the help of comprehensive data about the business strategies, finances, recent developments, and other details pertaining to some of the major vendors operating in the market. The report includes profiles of companies such as Belcolade NV, Wilbur Chocolate Company Inc., Ferrero S.P.A., Cargill Cocoa & Chocolate, Kraft Foods Inc., Blommer Chocolate Company, Guan Chong Cocoa Manufacturer Sdn. Bhd., Petra Foods Limited, Archer Daniels Midland Company, Delfi Cocoa, Barry Callebaut AG, Majulah Koko Tawau Sdn Bhd, World's Finest Chocolate Inc., Dagoba Organic Chocolate, ADM Schokinag GmbH & Co. KG, Transmar Commodity Group Ltd, and AH Cacao Real Chocolate.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companys exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMRs data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.