The global Coco-Beans Market was valued at USD 12.40 billion in 2021 and is expected to reach the value of USD 22.95 billion by 2029, and is growing at a CAGR of 8.0% during the forecast period of 2022 to 2029.
Coco-Beans Market Overview:
Coco beans are well known as valuable cash crops in South America. For centuries, coco beans have been used in a variety of applications and are in great demand. These legumes have several health benefits and other beneficial properties. Hence, the demand for coco beans is reported to be high as they are heavily used in the food & beverage, confectionary, and cosmetic industries.
There are different varieties of coco beans on the market, including Criollo coco beans, Forastero coco beans and Trinitario coco beans. Among them, Criollo coco beans are in high demand in the global market due to their high quality. Additionally, Criollo coco beans are more expensive than the other two coco bean varieties. Additionally, many other coco products can be extracted from coco beans, including coco butter, coco mass, and coco powder. The main consumer of coco beans is the growing chocolate industry. Hence, the expansion of the chocolate industry is expected to drive the rapid growth of the global coco beans market over the forecast period.
Coco-Beans market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Coco-Beans market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Coco-Beans market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Coco-Beans Market Dynamics and Growth Factors:
People are becoming more aware of the benefits of cocoa beans
Growing awareness about the health benefits of consuming rich cocoa beans is driving the growth of the cocoa beans market. Cocoa helps reduce high blood pressure, chronic fatigue syndrome, prevent sunburn, and other health benefits on the human body. Cocoa is also rich in polyphenols, which help protect body tissues from oxidative stress and related conditions like cancer and inflammation. These factors are also driving the expansion of the cocoa bean market.
Growing demand for cocoa products:
Increasing demand for chocolate and related beans such as milk chocolate, sweet chocolate, and dark chocolate along with aggressive advertising by manufacturers to increase brand awareness is driving the growth of the cocoa bean market. Improvements in commercial farming techniques are used to produce cocoa, which is expected to increase the supply, thereby improving future growth prospects.
- Barry Callebaut has supended the global cocoa bean market's competitive landscape. The company recently launched the first chocolate made entirely from cacao fruit. This factor is expected to boost demand in the global cocoa bean market in the coming years.
- Southeast Asia's demand for cocoa beans has grown by leaps and bounds. However, the region's cocoa farmers are falling short of the product's ever-increasing demand. As a result, the global cocoa bean market is expected to see increased international trade in the coming years.
Top Key Players include in the Coco-Beans Market are
Cargill Cocoa & Chocolate, Kraft Foods, Petra Foods, Belcolade, Dutch Cocoa, Organic Commodity Products, Blommer Chocolate Company, Ferrero, Guan Chong Cocoa Manufacturer, Organic Commodity Products, and others.
The Coco-Beans market research report is categorized based on type, applications and region.
On the Basis of Type:
- Cocoa Powder
- Cocoa Butter
- Cocoa Beverages
- Cocoa Paste
- Beauty Products
On the Basis of Application:
By Distribution Channel:
- Functional Food & Beverage Industry
- Cosmetics Industry
- Online Distribution Channel
- Offline Distribution Channel
On the Basis of Region:
Geographically, the global Coco-Beans market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Coco-Beans region is dominating this market in the upcoming future.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- The Netherlands
- Nordic Countries
- Benelux Union
- Rest of Europe
- Rest of Southeast Asia
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Coco-Beans Market report scope
CAGR of 8.00% during the forecast period.
Cocoa Powder, Cocoa Butter, Cocoa Beverages, Cocoa Paste, Beauty Products
Confectionery, Functional Food & Beverage Industry, Pharmaceuticals,Cosmetics Industry, Others
Cargill Cocoa & Chocolate, Kraft Foods, Petra Foods, Belcolade, Dutch Cocoa, Organic Commodity Products, Blommer Chocolate Company, Ferrero, Guan Chong Cocoa Manufacturer, Organic Commodity Products
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Coco-Beans market?
Who are the key vendors of the global Coco-Beans market?
What are the leading key industries of the global Coco-Beans market?
Which factors are responsible for driving the global Coco-Beans market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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