Cocoa and Chocolate Market

Cocoa and Chocolate Market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, White Chocolate), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Nature (Conventional, Organic), Distribution and Region - Global Forecast to 2027

Report Code: FB 2615 Aug, 2022, by marketsandmarkets.com

[223 Pages Report] The cocoa market is projected to reach USD 26.3 billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The chocolate market is projected to reach USD 160.9 billion by 2027 growing at a CAGR of 4.7% from 2022 to 2027. Increasing sales of chocolate confectionery products to be consumed as comfort food is responsible for making it a regular grocery items in households. Chocolate is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valentine’s Day in American and European countries, a trend which is now adopted in some Asian countries such as India, China, and Japan. The seasonal and festive sales of chocolate products highly impact the market as a large portion of chocolate products are consumed in this segment. The Cocoa and chocolate market has been growing in accordance with the rising demand for health benefits of cocoa in chocolate products are the key drivers for the chocolate market. In addition to this, chocolates are being consumed as a premium and comfort food which is a rising trend among consumers, further proliferating the market growth.

Cocoa and chocolate Market

Cocoa and chocolate Market

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Market Dynamics

Health Benefits of Chocolates

Chocolates have a long history of being used as a health food. In the 18th century, a chocolaty drink was used in England to prevent and cure stomach aches. Today, ORAC (Oxygen Radical Absorbance Capacity) is used to compare the antioxidant capacity of different foods. Chocolates, along with apples and blueberries, are considered to be one of the best ORAC rating foods. Consuming chocolate also prevents the stress hormone, cortisol, from being released. Instead of relying on medication, consumers prefer to incorporate ingredients that improve their health into their normal diet. Dark chocolate is becoming more popular among consumers due to its high cocoa content and flavonoids, especially a subtype known as flavanols that is linked to a lower risk of heart disease. Additionally, those who consume dark chocolate or high cocoa content have a lower chance of developing insulin resistance and high blood pressure. Thus, the health benefits associated with cocoa and its products are the biggest driver for the cocoa and chocolate market.

High Raw Material Prices

The major restraint impacting the market is the high price of raw material, i.e., cocoa and sugar. Chocolate prices are highly dependent on raw materials. Cocoa and sugar are the most important raw materials in chocolate manufacturing and constitute over 80% of the raw material cost for chocolate production. Hence, the rising cost of raw material will impact the market for chocolate. According to the International Cocoa Organization, the world largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions.

Low Penetration Rate in Developing Countries

Developing countries such as India and China offer a great opportunity for growth to major chocolate companies due to low penetration rates in these markets. In these countries, chocolate is mostly used for confectionery. The market for premium chocolates is almost undeveloped in such countries. However, the scenario is about to change, with major companies such as Kraft Foods, Ferrero, and Mars launching their premium products in Asian countries. A major cause for the rising demand for chocolates is the rising disposable income of customers in Asia Pacific's developing nations. Over the past several years, the availability of local brands has boosted chocolate sales in South Korea, Japan, India, and China. Due to evolving taste preferences and rising brand loyalty, international brands such as Ghirardelli, Mars, Ferrero, and Hershey's have also seen growth in these countries.

Changing Consumer Preferences

A major threat to the chocolate industry is the changing consumer preferences of chocolates. Chocolates were consumed as a confectionery item, but now there is a growing demand for the healthy chocolate option, with an inclination toward dark chocolate, a rich source of polyphenols. As per a recent survey conducted by Barry Callebaut, 36% of Europeans want chocolates with health benefits, while 38% would like chocolates with reduced sugar content. Consumers are even willing to pay up to 10% more for chocolate with health benefits. Such consumer trends have forced companies such as Hero Nutritional and Barry Callebaut to launch chocolates with health benefits. Companies will have to make sure that their new product launches are in accordance with consumer tastes and preferences. Since chocolate is a perishable product, any decrease in the demand for a particular product could result in large inventories with very limited time for disposal.

Seasonal and Festive-related Sales

Chocolate is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valentine’s Day in American and European countries, a trend which is now adopted in some Asian countries such as India, China, and Japan. Chocolate sales shoot up during festive seasons. Keeping this seasonal effect of sales in mind, companies trying to venture into developing economies, such as India and China, are focusing on specialty products for traditional festivals such as the Chinese New Year, Raksha Bandhan, and Diwali in India. Currently, the seasonal and festive sales of chocolate products highly impact the market as a large portion of chocolate products are consumed in this segment. Depending on the situation, they are produced in a variety of shapes, sizes, colors, and product materials. Thus, this high demand for chocolates and its products during festivals would enhance the market for cocoa and chocolate.

Large Number of Applications

Chocolate is used in several applications, including confectionery, beverages, and baking. Chocolate is setting its foot rapidly in the baking industry, with lots of chocolates being looked upon as a flavor for biscuits, cakes, and pastries. In the global flavor industry, several new product types are being developed, such as energy drinks, yogurt, and dairy beverages. Additionally, chocolate liquor is generally used for applications in the production of bittersweet chocolate and baking applications. Cocoa is used in the pharmaceutical industry for providing the chocolate essence or flavour to the drugs to improve the palatability or compliance of the dosage forms for consumers. In addition to that, natural cocoa butter is frequently used in cosmetics as a humectant, a lubricant to maintain the moisture, and to enhance the aroma of products. These applications of cocoa and chocolate can drive its market in the coming years.

North America: Cocoa Market Snapshot

Cocoa and chocolate Market Size, and Share

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North America dominated the Cocoa and chocolate market, and is projected to grow with a CAGR of 4.43% during the forecast period (2022 - 2027)

The key players in the North American Cocoa and chocolate market include Mondelez international (US), Blommer chocolate (US), Hershey (US) and Mars Inc. (US). The rising demand for chocolate in North America enhances the growth of cocoa simultaneously in the region as it is the key raw material used in the production of chocolate. Moreover, the increasing demand for chocolate among consumers triggers the demand for cocoa butter as it provides the chocolate with its melt-in-the-mouth texture. The U.S. accounted for the highest chocolate consumption and production in the North American region. In Canada, chocolate is becoming more expensive due to the rising cost of raw materials, particularly sugar but the rising popularity of giving chocolates as gifts, Canada is likely to see a significant increase in the acceptability of pricey chocolates in the upcoming years. The Mexican chocolate market is expanding as a result of rising disposable income, booming foreign investment, and an increase in annual chocolate events like the Mexico Chocolate Expo.

Key Market Players

The key players in cocoa and chocolate market include Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co. Ltd. (Japan), Ferrero International (Italy), Olam Group (Singapore), Barry Callebaut (Switzerland), Cargill Incorporated (US), Cocoa Processing Company (Ghana), Archer Daniel Midland (ADM) Company (U.S.), Chocoladefabriken Lindt & Sprüngli AG (Switzerland) and Pladis Global(UK).

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Scope of the Report

Report Metric

Details

Market size estimation

2022–2027

Base year considered

2021

Forecast period considered

2022–2027

Units considered

Value (USD)

Segments covered

By Type, Application, Nature, Distribution channel, and Region.

Regions covered

North America, Europe, Asia Pacific, and Rest of the World

Companies studied

  • Mars, Inc.(US)
  • Mondelez International(US)
  • Nestle S.A. (Switzerland)
  • Meiji Holding Co. Ltd.(Japan)
  • Ferrero International(Italy)
  • Olam Group (Singapore)
  • Barry Callebaut(Switzerland)
  • Cargill Incorporated (US)
  • Cocoa Processing Company (Ghana)
  • Archer Daniel Midland (ADM) Company (U.S.)

This research report categorizes the Cocoa and chocolate market., based on type, application, nature, distribution channel, and region.

Target Audience

  • Cocoa and chocolate manufacturers
  • Cocoa and chocolate Raw Material Suppliers and Manufacturers
  • Cocoa and chocolate Material Importers and Exporters
  • Cocoa and chocolate Material Traders and Distributors
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Agricultural Institutes and Universities
  • Cocoa and chocolate distributors
  • Academicians and research organizations
  • End users

Report Scope:

Cocoa and Chocolate market:

Cocoa Market, By Type

  • Cocoa Butter
  • Cocoa Powder
  • Cocoa Liquor

Cocoa Market, By Application

  • Food & Beverage
  • Cosmetics
  • Pharmaceuticals

Cocoa Market, By Nature

  • Conventional
  • Organic

Chocolate Market, By Type

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate
  • Filled Chocolate

Chocolate Market, By Distribution Channel

  • Offline
  • E-commerce
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In May 2022, Blommer chocolate partnered with DouxMatok (Israel/USA), a food tech company to launch chocolate and confectionery products.
  • In March 2022, Hershey Company, launched a crunch cookie chocolate spread in India for the consumer's breakfast.
  • In March 2021, Barry Callebaut opened its third factory in India. The new chocolate factory consists of an R&D lab and assembly lines capable of manufacturing various needs of customers – international food manufacturers, local confectioneries, and semi-industrial bakers and patisseries.
  • In March 2021, Cargill has partnered with Nestlé to extend the  Nestlé Cocoa Plan (NCP) to benefit its network of cocoa farmers in Sulawesi, Indonesia. Activities include three key NCP pillars: better farming, better lives, and better cocoa.
  • In July 2020, Barry Callebaut, announced the successful acquisition of GKC Foods, a chocolate, coatings, and fillings producer serving many chocolate brands in Australia and New Zealand.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
    1.4 REGIONS COVERED
           FIGURE 2 REGIONS COVERED
    1.5 YEARS CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED
    1.7 UNITS CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
           FIGURE 3 COCOA AND CHOCOLATE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 COCOA AND CHOCOLATE MARKET SIZE ESTIMATION – BOTTOM-UP APPROACH
           2.2.2 APPROACH TWO (TOP-DOWN APPROACH)
                    FIGURE 6 COCOA AND CHOCOLATE MARKET SIZE ESTIMATION – TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION METHODOLOGY
           2.3.1 SUPPLY-SIDE
           2.3.2 DEMAND-SIDE
                    FIGURE 8 DATA TRIANGULATION: SUPPLY-SIDE
                    FIGURE 9 DATA TRIANGULATION: DEMAND-SIDE
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 42)
    TABLE 2 COCOA MARKET SNAPSHOT, 2022 VS. 2027
    TABLE 3 CHOCOLATE MARKET SNAPSHOT, 2022 VS. 2027
    FIGURE 10 COCOA MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 11 COCOA MARKET, BY NATURE, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 COCOA MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 13 COCOA MARKET SHARE AND GROWTH RATE, BY REGION
    FIGURE 14 CHOCOLATE MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 15 CHOCOLATE MARKET, BY DISTRIBUTION, 2022 VS. 2027 (USD MILLION)
    FIGURE 16 CHOCOLATE MARKET SHARE AND GROWTH RATE, BY REGION

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN COCOA MARKET
           FIGURE 17 NEW PRODUCT LAUNCHES AND EXPANSIONS TO DRIVE COCOA MARKET
    4.2 ATTRACTIVE OPPORTUNITIES IN CHOCOLATE MARKET
           FIGURE 18 STRONG DEMAND FROM ASIA PACIFIC TO DRIVE CHOCOLATE MARKET
    4.3 COCOA MARKET: GROWTH RATE OF MAJOR REGIONAL SUBMARKETS
           FIGURE 19 COCOA CONSUMPTION IN CHINA AND INDIA TO INCREASE AT HIGH RATES DURING FORECAST PERIOD
    4.4 CHOCOLATE MARKET: GROWTH RATE OF MAJOR REGIONAL SUBMARKETS
           FIGURE 20 RISING DEMAND FOR CHOCOLATE IN EMERGING MARKETS TO BE HIGHEST
    4.5 ASIA PACIFIC: COCOA MARKET, BY KEY TYPE AND COUNTRY
           FIGURE 21 CHINA TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC IN 2022
    4.6 EUROPE: CHOCOLATE MARKET, BY KEY TYPE AND COUNTRY
           FIGURE 22 GERMANY TO ACCOUNT FOR LARGEST SHARE IN EUROPE IN 2022
    4.7 COCOA MARKET, BY TYPE
           FIGURE 23 COCOA BUTTER TO DOMINATE COCOA MARKET IN 2022
    4.8 COCOA MARKET, BY NATURE
           FIGURE 24 CONVENTIONAL SEGMENT TO DOMINATE COCOA MARKET IN 2022
    4.9 COCOA MARKET, BY APPLICATION
           FIGURE 25 FOOD & BEVERAGE TO DOMINATE COCOA MARKET DURING FORECAST PERIOD
    4.10 COCOA MARKET, BY REGION
           FIGURE 26 EUROPE TO DOMINATE COCOA MARKET DURING FORECAST PERIOD
    4.11 CHOCOLATE MARKET, BY TYPE
                    FIGURE 27 MILK CHOCOLATE TO DOMINATE CHOCOLATE MARKET IN 2022
    4.12 CHOCOLATE MARKET, BY DISTRIBUTION
                    FIGURE 28 OFFLINE SEGMENT TO DOMINATE CHOCOLATE MARKET IN 2022
    4.13 CHOCOLATE MARKET, BY REGION
                    FIGURE 29 EUROPE TO DOMINATE CHOCOLATE MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 30 COCOA AND CHOCOLATE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Health benefits of chocolates
                               FIGURE 31 ORAC VALUE OF HIGH-FLAVANOL-CONTAINING FOOD PRODUCTS
                               TABLE 4 NUTRIENT CONTENT OF DIFFERENT CHOCOLATE FORMS/100G
                    5.2.1.2 Large number of applications
                    5.2.1.3 Seasonal and festive-related sales
           5.2.2 RESTRAINTS
                    5.2.2.1 Highly unstable economies in cocoa-producing countries
                    5.2.2.2 High raw material prices
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Low penetration rate in developing countries
                    5.2.3.2 Use of chocolates as functional food
                    5.2.3.3 Organic and fairtrade
           5.2.4 CHALLENGES
                    5.2.4.1 Increase in counterfeit products
                    5.2.4.2 Changing consumer preferences
                    5.2.4.3 Growing issues of sustainability in cocoa industry

6 INDUSTRY TRENDS (Page No. - 66)
    6.1 INTRODUCTION
    6.2 TRENDS IMPACTING CUSTOMERS’ BUSINESSES
    6.3 VALUE CHAIN
           FIGURE 32 COCOA AND CHOCOLATE MARKET: VALUE CHAIN
    6.4 TRADE ANALYSIS
           6.4.1 COCOA BUTTER, FAT, AND OIL
                    TABLE 5 TOP 10 EXPORTERS AND IMPORTERS OF COCOA BUTTER FAT AND OIL, 2021 (USD THOUSAND)
           6.4.2 COCOA POWDER (NOT CONTAINING ADDED SUGAR OR OTHER SWEETENING MATTER)
                    TABLE 6 TOP 10 EXPORTERS AND IMPORTERS OF COCOA POWDER, 2021 (USD THOUSAND)
           6.4.3 COCOA LIQUOR (WHETHER OR NOT DEFATTED)
                    TABLE 7 TOP 10 EXPORTERS AND IMPORTERS OF COCOA LIQUOR, 2021 (USD THOUSAND)
           6.4.4 CHOCOLATE AND OTHER FOOD PREPARATIONS CONTAINING COCOA
                    TABLE 8 TOP 10 EXPORTERS AND IMPORTERS OF CHOCOLATE AND OTHER FOOD PREPARATIONS CONTAINING COCOA, 2021 (USD THOUSAND)
    6.5 TECHNOLOGY ANALYSIS
    6.6 PRICING ANALYSIS
           6.6.1 AVERAGE SELLING PRICE TREND ANALYSIS
                    TABLE 9 COCOA MARKET: AVERAGE SELLING PRICES, BY COCOA TYPE, 2019–2027 (USD/KG)
                    TABLE 10 COCOA MARKET: AVERAGE SELLING PRICES, BY REGION, 2019–2027 (USD/KG)
                    TABLE 11 CHOCOLATE MARKET: AVERAGE SELLING PRICES, BY TYPE, 2019–2027 (USD/KG)
                    TABLE 12 CHOCOLATE MARKET: AVERAGE SELLING PRICES, BY REGION, 2019–2027 (USD/KG)
    6.7 PATENT ANALYSIS
           TABLE 13 KEY PATENTS PERTAINING TO COCOA AND CHOCOLATE MARKET, 2019–2022
    6.8 ECOSYSTEM MAP
           FIGURE 33 COCOA AND CHOCOLATE MARKET: ECOSYSTEM MAP
           6.8.1 GROWERS
           6.8.2 INTERMEDIARIES
           6.8.3 COCOA PROCESSORS
           6.8.4 CHOCOLATE MANUFACTURERS
           6.8.5 RETAILERS
    6.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 14 COCOA AND CHOCOLATE MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.9.1 THREAT OF NEW ENTRANTS
           6.9.2 THREAT OF SUBSTITUTES
           6.9.3 BARGAINING POWER OF SUPPLIERS
           6.9.4 BARGAINING POWER OF BUYERS
           6.9.5 INTENSITY OF COMPETITIVE RIVALRY
    6.10 CASE STUDIES
           6.10.1 TRANSPARENCY AND TRACEABILITY ISSUES IN COCOA VALUE CHAIN
    6.11 REGULATORY FRAMEWORK
           6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.11.2 CODEX ALIMENTARIUS COMMISSION (CAC)
           6.11.3 NORTH AMERICA
           6.11.4 EUROPE
           6.11.5 ASIA PACIFIC
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING CHOCOLATE PRODUCTS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR PRODUCT TYPES
           6.12.2 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR TOP APPLICATIONS
                    TABLE 20 KEY BUYING CRITERIA FOR COCOA APPLICATIONS
    6.13 KEY CONFERENCES & EVENTS, 2022 – 2023
                    TABLE 21 COCOA AND CHOCOLATE MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2022–2023

7 COCOA MARKET, BY TYPE (Page No. - 84)
    7.1 INTRODUCTION
           FIGURE 36 COCOA BUTTER TO DOMINATE COCOA MARKET BY 2027
           TABLE 22 COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
           TABLE 23 COCOA MARKET, BY TYPE, 2019–2027 (KT)
    7.2 COCOA BUTTER
           TABLE 24 COCOA BUTTER: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           TABLE 25 COCOA BUTTER: COCOA MARKET, BY REGION, 2019–2027 (KT)
    7.3 COCOA POWDER
           TABLE 26 COCOA POWDER: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           TABLE 27 COCOA POWDER: COCOA MARKET, BY REGION, 2019–2027 (KT)
    7.4 COCOA LIQUOR
           TABLE 28 COCOA LIQUOR: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           TABLE 29 COCOA LIQUOR: COCOA MARKET, BY REGION, 2019–2027 (KT)

8 COCOA MARKET, BY APPLICATION (Page No. - 89)
    8.1 INTRODUCTION
           FIGURE 37 FOOD & BEVERAGE TO DOMINATE COCOA MARKET
           TABLE 30 COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
    8.2 FOOD & BEVERAGE
           TABLE 31 FOOD & BEVERAGE: COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
           TABLE 32 FOOD & BEVERAGE: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           8.2.1 CONFECTIONERY
                    TABLE 33 CONFECTIONERY: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           8.2.2 BAKERY
                    TABLE 34 BAKERY: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
           8.2.3 OTHERS
    8.3 COSMETICS
           TABLE 35 COSMETICS: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
    8.4 PHARMACEUTICALS
           TABLE 36 PHARMACEUTICALS: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)

9 COCOA MARKET, BY NATURE (Page No. - 95)
    9.1 INTRODUCTION
           FIGURE 38 CONVENTIONAL SEGMENT TO DOMINATE COCOA MARKET
           TABLE 37 COCOA MARKET, BY NATURE, 2019–2027 (USD MILLION)
    9.2 CONVENTIONAL
           TABLE 38 CONVENTIONAL: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
    9.3 ORGANIC
           TABLE 39 ORGANIC: COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)

10 CHOCOLATE MARKET, BY TYPE (Page No. - 98)
     10.1 INTRODUCTION
               FIGURE 39 MILK CHOCOLATE TO DOMINATE THE CHOCOLATE MARKET
               TABLE 40 CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 41 CHOCOLATE MARKET, BY TYPE, 2019–2027 (KT)
     10.2 DARK CHOCOLATE
               TABLE 42 DARK CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 43 DARK CHOCOLATE MARKET, BY REGION, 2019–2027 (KT)
     10.3 MILK CHOCOLATE
               TABLE 44 MILK CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 45 MILK CHOCOLATE MARKET, BY REGION, 2019–2027 (KT)
     10.4 WHITE CHOCOLATE
               TABLE 46 WHITE CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 47 WHITE CHOCOLATE MARKET, BY REGION, 2019–2027 (KT)
     10.5 FILLED CHOCOLATE
               TABLE 48 FILLED CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 49 FILLED CHOCOLATE MARKET, BY REGION, 2019–2027 (KT)

11 CHOCOLATE MARKET, BY DISTRIBUTION (Page No. - 105)
     11.1 INTRODUCTION
               FIGURE 40 OFFLINE SEGMENT TO DOMINATE CHOCOLATE MARKET
               TABLE 50 CHOCOLATE MARKET, BY DISTRIBUTION, 2019–2027 (USD MILLION)
     11.2 OFFLINE
               TABLE 51 OFFLINE: CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
     11.3 E-COMMERCE
               TABLE 52 E-COMMERCE: CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)

12 COCOA AND CHOCOLATE MARKET, BY REGION (Page No. - 108)
     12.1 INTRODUCTION
               FIGURE 41 COCOA MARKET: REGIONAL SCENARIO
               FIGURE 42 CHOCOLATE MARKET: REGIONAL SCENARIO
               TABLE 53 COCOA MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 54 COCOA MARKET, BY REGION, 2019–2027 (KT)
               TABLE 55 CHOCOLATE MARKET, BY REGION, 2019–2027 (USD MILLION)
               TABLE 56 CHOCOLATE MARKET, BY REGION, 2019–2027 (KT)
     12.2 NORTH AMERICA
               FIGURE 43 NORTH AMERICA: REGIONAL SNAPSHOT
               TABLE 57 NORTH AMERICA: COCOA MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 58 NORTH AMERICA: COCOA MARKET, BY NATURE, 2019–2027 (USD MILLION)
               TABLE 59 NORTH AMERICA: COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
               TABLE 60 NORTH AMERICA: CHOCOLATE MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 61 NORTH AMERICA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 62 NORTH AMERICA: CHOCOLATE MARKET, BY DISTRIBUTION, 2019–2027 (USD MILLION)
             12.2.1 US
                       TABLE 63 US: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 64 US: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.2.2 CANADA
                       TABLE 65 CANADA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 66 CANADA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.2.3 MEXICO
                       TABLE 67 MEXICO: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 68 MEXICO: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
     12.3 EUROPE
               TABLE 69 EUROPE: COCOA MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 70 EUROPE: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 71 EUROPE: COCOA MARKET, BY NATURE, 2019–2027 (USD MILLION)
               TABLE 72 EUROPE: COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
               TABLE 73 EUROPE: CHOCOLATE MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 74 EUROPE: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 75 EUROPE: CHOCOLATE MARKET, BY DISTRIBUTION, 2019–2027 (USD MILLION)
             12.3.1 FRANCE
                       TABLE 76 FRANCE: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 77 FRANCE: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.2 GERMANY
                       TABLE 78 GERMANY: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 79 GERMANY: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.3 UK
                       TABLE 80 UK: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 81 UK: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.4 SPAIN
                       TABLE 82 SPAIN: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 83 SPAIN: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.5 ITALY
                       TABLE 84 ITALY: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 85 ITALY: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.6 BELGIUM
                       TABLE 86 BELGIUM: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 87 BELGIUM: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.3.7 REST OF EUROPE
                       TABLE 88 REST OF EUROPE: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 89 REST OF EUROPE: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
     12.4 ASIA PACIFIC
               TABLE 90 ASIA PACIFIC: COCOA MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 91 ASIA PACIFIC: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 92 ASIA PACIFIC: COCOA MARKET, BY NATURE, 2019–2027 (USD MILLION)
               TABLE 93 ASIA PACIFIC: COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
               TABLE 94 ASIA PACIFIC: COCOA MARKET, BY FOOD & BEVERAGE APPLICATION, 2019–2027 (USD MILLION)
               TABLE 95 ASIA PACIFIC: CHOCOLATE MARKET, BY COUNTRY, 2019–2027 (USD MILLION)
               TABLE 96 ASIA PACIFIC: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 97 ASIA PACIFIC: CHOCOLATE MARKET, BY DISTRIBUTION, 2019–2027 (USD MILLION)
             12.4.1 CHINA
                       TABLE 98 CHINA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 99 CHINA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.4.2 JAPAN
                       TABLE 100 JAPAN: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 101 JAPAN: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.4.3 INDIA
                       TABLE 102 INDIA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 103 INDIA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.4.4 SOUTH KOREA
                       TABLE 104 SOUTH KOREA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 105 SOUTH KOREA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.4.5 INDONESIA
                       TABLE 106 INDONESIA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 107 INDONESIA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                       TABLE 108 REST OF ASIA PACIFIC: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 109 REST OF ASIA PACIFIC: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
     12.5 REST OF THE WORLD (ROW)
               TABLE 110 ROW: COCOA MARKET, BY COUNTRY/REGION, 2019–2027 (USD MILLION)
               TABLE 111 ROW: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 112 ROW: COCOA MARKET, BY NATURE, 2019–2027 (USD MILLION)
               TABLE 113 ROW: COCOA MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
               TABLE 114 ROW: COCOA MARKET, BY FOOD & BEVERAGE APPLICATION, 2019–2027 (USD MILLION)
               TABLE 115 ROW: CHOCOLATE MARKET, BY COUNTRY/REGION, 2019–2027 (USD MILLION)
               TABLE 116 ROW: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
               TABLE 117 ROW: CHOCOLATE MARKET, BY DISTRIBUTION, 2019–2027 (USD MILLION)
             12.5.1 BRAZIL
                       TABLE 118 BRAZIL: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 119 BRAZIL: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.5.2 ARGENTINA
                       TABLE 120 ARGENTINA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 121 ARGENTINA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.5.3 AFRICA
                       TABLE 122 AFRICA: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 123 AFRICA: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)
             12.5.4 OTHER COUNTRIES IN ROW
                       TABLE 124 OTHER COUNTRIES IN ROW: COCOA MARKET, BY TYPE, 2019–2027 (USD MILLION)
                       TABLE 125 OTHER COUNTRIES IN ROW: CHOCOLATE MARKET, BY TYPE, 2019–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 141)
     13.1 OVERVIEW
     13.2 MARKET EVALUATION FRAMEWORK
               FIGURE 44 MARKET EVALUATION FRAMEWORK, 2019–2022
     13.3 MARKET SHARE ANALYSIS
               TABLE 126 COCOA AND CHOCOLATE MARKET SHARE ANALYSIS, 2021
             13.3.1 RELATIVE RANKING ANALYSIS OF KEY PLAYERS, BY BAKERY AND PATISSERIE, 2021
                       TABLE 127 COMPANY FOOTPRINT, BY BAKERY/PATISSERIE
     13.4 REVENUE ANALYSIS OF KEY COMPANIES, 2019-2021 (USD BILLION)
     13.5 COMPANY EVALUATION QUADRANT DEFINITIONS AND METHODOLOGY
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                       FIGURE 45 COCOA AND CHOCOLATE MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
             13.5.5 COMPETITIVE BENCHMARKING OF KEY PLAYERS
                       TABLE 128 COMPANY FOOTPRINT, BY TYPE
                       TABLE 129 COMPANY FOOTPRINT, BY APPLICATION
                       TABLE 130 COMPANY FOOTPRINT, BY REGION
                       TABLE 131 OVERALL COMPANY FOOTPRINT
     13.6 START-UP EVALUATION QUADRANT
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 STARTING BLOCKS
             13.6.3 RESPONSIVE COMPANIES
             13.6.4 DYNAMIC COMPANIES
                       FIGURE 46 COCOA AND CHOCOLATE MARKET: COMPANY EVALUATION QUADRANT FOR SMES/START-UPS, 2021
             13.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS AND SMES
                       TABLE 132 COCOA AND CHOCOLATE MARKET: DETAILED LIST OF KEY START-UPS AND SMES
     13.7 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
             13.7.1 NEW PRODUCT LAUNCHES
                       TABLE 133 COCOA AND CHOCOLATE MARKET: NEW PRODUCT LAUNCHES, 2019-2022
             13.7.2 DEALS
                       TABLE 134 COCOA AND CHOCOLATE MARKET: DEALS, 2019-2022
             13.7.3 OTHER DEVELOPMENTS
                       TABLE 135 COCOA AND CHOCOLATE MARKET: OTHER DEVELOPMENTS, 2019-2022

14 COMPANY PROFILES (Page No. - 158)
     14.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
             14.1.1 MONDELEZ INTERNATIONAL
                       TABLE 136 MONDELEZ INTERNATIONAL: BUSINESS OVERVIEW
                       FIGURE 47 MONDELEZ INTERNATIONAL: COMPANY SNAPSHOT
                       TABLE 137 MONDELEZ INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 138 MONDELEZ INTERNATIONAL: DEALS
                       TABLE 139 MONDELEZ INTERNATIONAL: NEW PRODUCT LAUNCHES, 2019-2022
                       TABLE 140 MONDELEZ INTERNATIONAL: OTHER DEVELOPMENTS, 2019-2022
             14.1.2 HERSHEY COMPANY
                       TABLE 141 HERSHEY COMPANY: BUSINESS OVERVIEW
                       FIGURE 48 HERSHEY COMPANY: COMPANY SNAPSHOT
                       TABLE 142 HERSHEY COMPANY: PRODUCTS OFFERED
                       TABLE 143 HERSHEY COMPANY: NEW PRODUCT LAUNCHES, 2019-2022
             14.1.3 FERRERO INTERNATIONAL
                       TABLE 144 FERRERO INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 145 FERRERO INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 146 FERRERO INTERNATIONAL: DEALS
                       TABLE 147 FERRERO INTERNATIONAL: NEW PRODUCT LAUNCHES, 2019-2022
                       TABLE 148 FERRERO INTERNATIONAL: OTHER DEVELOPMENTS, 2019-2022
             14.1.4 CHOCOLADEFABRIKEN LINDT & SPRÜNGLI AG
                       TABLE 149 CHOCOLADEFABRIKEN LINDT & SPRÜNGLI AG: BUSINESS OVERVIEW
                       FIGURE 49 CHOCOLADEFABRIKEN LINDT & SPRÜNGLI AG: COMPANY SNAPSHOT
                       TABLE 150 CHOCOLADEFABRIKEN LINDT & SPRÜNGLI AG: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                       TABLE 151 CHOCOLADEFABRIKEN LINDT & SPRÜNGLI AG: OTHER DEVELOPMENTS, 2019-2022
             14.1.5 PLADIS GLOBAL
                       TABLE 152 PLADIS GLOBAL: BUSINESS OVERVIEW
                       TABLE 153 PLADIS GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.6 ARCHER DANIELS MIDLAND
                       TABLE 154 ADM: BUSINESS OVERVIEW
                       FIGURE 50 ADM: COMPANY SNAPSHOT
                       TABLE 155 ADM: PRODUCTS OFFERED
             14.1.7 BARRY CALLEBAUT
                       TABLE 156 BARRY CALLEBAUT: BUSINESS OVERVIEW
                       FIGURE 51 BARRY CALLEBAUT: COMPANY SNAPSHOT
                       TABLE 157 BARRY CALLEBAUT: PRODUCTS OFFERED
                       TABLE 158 BARRY CALLEBAUT: DEALS, 2019-2022
                       TABLE 159 BARRY CALLEBAUT: OTHER DEVELOPMENTS, 2019-2022
             14.1.8 CARGILL INCORPORATED
                       TABLE 160 CARGILL INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 52 CARGILL INCORPORATED: COMPANY SNAPSHOT
                       TABLE 161 CARGILL INCORPORATED: PRODUCTS OFFERED
                       TABLE 162 CARGILL INCORPORATED: DEALS, 2019-2022
                       TABLE 163 CARGILL INCORPORATED: OTHER DEALS, 2019-2022
             14.1.9 NESTLE S.A.
                       TABLE 164 NESTLE S.A.: BUSINESS OVERVIEW
                       FIGURE 53 NESTLE S.A.: COMPANY SNAPSHOT
                       TABLE 165 NESTLE S.A.: PRODUCTS OFFERED
                       TABLE 166 NESTLE S.A.: PRODUCT LAUNCH, 2019-2022
             14.1.10 BLOMMER CHOCOLATE
                       TABLE 167 BLOMMER CHOCOLATE: BUSINESS OVERVIEW
                       TABLE 168 BLOMMER CHOCOLATE: PRODUCTS OFFERED
                       TABLE 169 BLOMMER CHOCOLATE: DEALS, 2019-2022
             14.1.11 CEMOI
                       TABLE 170 CEMOI: BUSINESS OVERVIEW
                       TABLE 171 CEMOI: PRODUCTS OFFERED
             14.1.12 COCOA PROCESSING COMPANY LTD.
                       TABLE 172 COCOA PROCESSING COMPANY LTD.: BUSINESS OVERVIEW
                       FIGURE 54 COCOA PROCESSING COMPANY LTD.: COMPANY SNAPSHOT
                       TABLE 173 COCOA PROCESSING COMPANY LTD.: PRODUCTS OFFERED
             14.1.13 MARS INC.
                       TABLE 174 MARS INC.: BUSINESS OVERVIEW
                       TABLE 175 MARS INC.: PRODUCTS OFFERED
                       TABLE 176 MARS INC.: DEALS, 2019-2022
             14.1.14 MEIJI HOLDINGS CO. LTD.
                       TABLE 177 MEIJI HOLDING CO. LTD.: BUSINESS OVERVIEW
                       FIGURE 55 MEIJI HOLDING CO INC.: COMPANY SNAPSHOT
                       TABLE 178 MEIJI HOLDING CO. INC.: PRODUCTS OFFERED
             14.1.15 PURATOS GROUP
                       TABLE 179 PURATOS GROUP: BUSINESS OVERVIEW
                       TABLE 180 PURATOS GROUP: PRODUCTS OFFERED
                       TABLE 181 PURATOS GROUP: DEALS, 2019-2022
             14.1.16 OLAM GROUP
                       TABLE 182 OLAM GROUP: BUSINESS OVERVIEW
                       FIGURE 56 OLAM GROUP: COMPANY SNAPSHOT
                       TABLE 183 OLAM GROUP: PRODUCTS OFFERED
                       TABLE 184 OLAM GROUP: DEALS, 2019-2022
             14.1.17 REPÚBLICA DEL CACAO
                       TABLE 185 REPÚBLICA DEL CACAO : BUSINESS OVERVIEW
                       TABLE 186 REPÚBLICA DEL CACAO: PRODUCTS OFFERED
             14.1.18 GUITTARD CHOCOLATE COMPANY
                       TABLE 187 GUITTARD CHOCOLATE COMPANY: BUSINESS OVERVIEW
                       TABLE 188 GUITTARD CHOCOLATE COMPANY: PRODUCTS OFFERED
             14.1.19 UCP
                       TABLE 189 UCP: BUSINESS OVERVIEW
                       TABLE 190 UCP: PRODUCTS OFFERED
             14.1.20 VALRHONA INC.
                       TABLE 191 VALRHONA INC.: BUSINESS OVERVIEW
                       TABLE 192 VALRHONA INC.: PRODUCTS OFFERED
             14.1.21 NICHE COCOA INDUSTRY, LTD
             14.1.22 JINDAL COCOA
             14.1.23 AFRIKOA
             14.1.24 ASKINOSIE
             14.1.25 DAVIS CHOCOLATE

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15 ADJACENT AND RELATED MARKETS (Page No. - 211)
     15.1 INTRODUCTION
               TABLE 193 ADJACENT MARKETS TO COCOA AND CHOCOLATE MARKET
     15.2 LIMITATIONS
     15.3 CONFECTIONERY INGREDIENTS MARKET
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                       TABLE 194 CONFECTIONERY INGREDIENTS MARKET, BY REGION, 2014–2021 (USD MILLION)
                       TABLE 195 CONFECTIONERY INGREDIENTS MARKET, BY REGION, 2014–2021 (KT)

16 APPENDIX (Page No. - 214)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 CUSTOMIZATION OPTIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of Cocoa and Chocolate market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information as well as to assess prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology oriented perspectives

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Cocoa and chocolate market.

Cocoa and chocolate Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Report Objectives

  • To define and measure the global cocoa & chocolate market with respect to type, application, nature distribution channel and geography
  • To analyze the market structure by identifying various applications of cocoa
  • To provide a revenue and volume forecast of the global cocoa & chocolate market and its various sub-markets with respect to four major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  • To identify major market trends and the factors driving or inhibiting the growth of the global cocoa & chocolate market
  • To strategically analyze each sub-market with respect to individual growth trends and contribution to the overall cocoa & chocolate market
  • To provide an opportunity analysis of the market for the stakeholders by identifying high-growth segments of the global cocoa & chocolate market
  • To strategically profile key players of the global cocoa & chocolate market and comprehensively analyze their core competencies in each segment

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.
  • Further breakdown of the Rest of Europe includes Netherlands, Switzerland, Poland, Sweden, Denmark, and Hungary.
  • Further breakdown of the Rest of Asia Pacific into Philippines, Vietnam, Malaysia, Singapre Australia, and New Zealnd.
  • Rest of the World (RoW) include Africa and the Middle East

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Cocoa and Chocolate Market Size,  Share & Growth Report
Report Code
FB 2615
Published ON
Aug, 2022
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