12 Aug, 2016, 03:10 ET
DUBLIN, August 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Cocoa Market 2016-2020" report to their offering.
The global cocoa market to grow at a CAGR of 3.14%, in terms of volume, during the period 2016-2020.
Global Cocoa Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The governments of most cocoa-producing countries are developing infrastructure and encouraging cocoa cultivation to increase trade. Infrastructure in terms of warehousing facilities and roads for transportation in regions such as Africa are expected to improve. Political stability can greatly affect the supply potential of cocoa and hence is crucial for steady market growth.
Rising demand for dark chocolates will be a key trend for market growth. Dark chocolates contain flavonoids, compounds that play the role of antioxidants. Flavonoids are useful in protecting cells from harmful molecules known as free radicals. They also lower blood pressure and reduce bad cholesterol, i.e., low-density lipoprotein (LDL) cholesterol, by about 10%. Dark chocolate has attracted health-conscious consumers, and the sales of dark chocolate are increasing significantly worldwide, but particularly so in the US, China, the UK, Russia, and Brazil.
According to the report, one of the key drivers for market growth will be demand for origin-specific cocoa. The use of origin-specific cocoa, which is made from high-quality cocoa beans obtained from one specific region, has seen increased demand over the last few years. Mondelez International's Cadbury Bournville emphasizes that the rich cocoa of this fine dark chocolate comes from villages in Ghana. This kind of origin-specific production can reach the emotional touchpoints of consumers.
Further, the report states that fluctuating cocoa prices will be a challenge for the market. Cocoa prices have been fluctuating for the past decade. The cocoa prices depend heavily on growing conditions and can vary significantly from month to month. The volatile price of cocoa makes chocolate production costs more volatile. Marketers of confectionery items are concerned about the fluctuating cocoa prices as they are left unable to estimate their production costs on a yearly basis. As chocolate is the largest selling confectionery item, accounting for 56% of the overall market value, the volatile cocoa prices have become a major challenge for the confectionery market.
- Archer Daniels Midland (ADM)
- Barry Callebaut
- Blommer Chocolate Company
- Cocoa Processing Company
Other prominent vendors
- Dutch Cocoa
- Newtown Foods
- The Hershey Company
- United Cocoa Processor
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Key producing countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4h3q4n/global_cocoa
Related Topics: Chocolate and Cocoa Products
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article