Transformation of Cocoa Beans into Sweet Beverages is Accelerating Cocoa Beans Market
According to Goldstein Research, “Cocoa beans are the major cash crop of Africa and it is transforming Africa’s economy. In 2010, total African economy value reached USD 1.6 trillion and increased by USD 0.1 trillion as compared to 2008. However, the volatility in prices of cocoa beans and its production is likely to impact the global cocoa beans market.”
“Global Cocoa Beans Market Outlook 2024”
The global cocoa beans market is segmented on the basis of cocoa beans types, by product type and by end user. Based on cocoa beans type, global cocoa beans market is further bifurcated into criollo cocoa beans, forastero cocoa beans and trinitario cocoa beans. Criollo cocoa beans accounted for the major revenue share of cocoa beans market, owing to its huge demand in chocolate manufacturing. Criollo cocoa beans are also known as one of most expensive cocoa beans among all the three categories. However, increasing demand of cocoa-based products is expected to raise the demand for forastero cocoa beans and trinitario cocoa beans.
Europe is the largest consumer of cocoa beans and dominating region for global cocoa beans market. Europe cocoa beans market valued USD 5.36 billion in 2016 and is expected to grow at a CAGR of 3%. Rising consumption of cocoa butter and cocoa paste in countries such as Germany, Belgium, the Netherlands and Russia is fuelling the cocoa beans market in Europe.
Incredible health benefits of cacao is gaining consumer’s interest
Emerging trend of consumption of organic cocoa beans is propelling the demand for cocoa beans production and eventually contributing in the expansion of cocoa beans market across the globe. Organic cocoa beans market occupies 0.7% share of global cocoa beans production. Organic cocoa beans are rich in iron, magnesium, copper, fiber and other minerals which help in improving blood flow and blood pressure level. Nutritional benefits of organic cocoa beans are increasing the consumption of organic cocoa based products which will encourage the cocoa beans market.
Global Cocoa Beans Market Outlook 2024” contains detailed overview of the global cocoa beans market in terms of market segmentation by cocoa beans type, by product type and by end-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global cocoa beans market also provides competitive outlook of some of the major players of the global cocoa beans market which includes profiling of companies such as Cargill Incorporated, Barry Callebaut, Artisan Confections Company, PASCHA Company, InterNatural Foods LLC, Olam Group, The Mexican Arabica Bean Company, Tomric Systems, Inc., Cacao Bahia, Cocoa Supply Company, Casa Franceschi, Costa Esmeraldas Cacao Co., Agrofloresta and Meridian Cacao Company and Jedwards International. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global cocoa beans market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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