- Cocoa Market
Cocoa Market By Nature (Organic, Conventional), Process (Natural, Dutch), End Use
(Confectionery, Functional Food, Beverages, Cosmetics, Pharmaceuticals), Product
Type (Cocoa powder, Cocoa butter, Cocoa liquor) & Region - Forecast to 2016 -
Market Insights on Cocoa covering sales outlook, demand forecast & up-to-date key trends
[283 Pages Report] The Cocoa Market is valued at over US$ 12.3 Billion in
2021. The market is likely to grow at a CAGR of 3.4% through 2026, reaching
US$ 21.45 Billion.
In 2021, the Western European Cocoa market had a share of 34.8%. In terms of
value, the market in Western Europe is predicted to grow at the fastest rate,
with a CAGR of 4.1%.
Due to increased demand from India and China, the APAC cocoa market is
predicted to acquire a normal market share accounting for 14.1% of the market
share in 2021 and 14.3% by 2026.
These benefits of cocoa are expected to drive the growth of the Cocoa market
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due to its growing end-use in varied industries, such as bakery, confectionery,
beverages, pharmaceuticals, etc. The cocoa market has major end-use potential
in pharmaceuticals and cosmetics markets.
Cocoa has proved to be one of the most beneficial cosmetic ingredients for
promoting healthy skin and thus, is being widely used in the cosmetics industry.
The cocoa market, by end use applications, can be segmented into
confectionery, bakery items, cosmetics, functional foods, beverages and
pharmaceuticals. Among the end use segments, the confectionery segment is
expected to grow with a high growth rate of 3.6% during the forecast period.
The cocoa market, at a global level, can be segmented by product type into
cocoa powder, cocoa butter and cocoa liquor. Of these three product types, the
cocoa liquor segment is anticipated to account for t