Global Cocoa Beans Market Outlook 2024: Opportunity and Demand Analysis, Market Forecast, 2019-2024
Axiom Market Research & Consulting published, “Cocoa
Beans Market Report, By Source, Type, Application, Product And Geography-
Global Market Share, Trend Analysis And Forecast Up To 2024”. Among the various applications,
the use of cocoa beans in the production of chocolates accounted for larger
share of the market. This segment is further expected to remain dominant in the
near future expanding at a CAGR of 4.0% from 2019 to 2024.
Cocoa
Beans Market Worldwide Analysis:
Cocoa bean is a
seed of a tropical tree called ‘Cacao’ that is used primarily in the production
of chocolate, cocoa, cocoa butter and many other food consumables. Cocoa beans
are a rich source of antioxidants. There is an inverse association between the
consumption of cocoa and the risk of cardiovascular diseases.
The key factor of
driving growth of the global cocoa beans market is the rising demand for
Criollo product type from the chocolate industry. In addition, the market has
also been witnessing high demand from the cosmetic and food industry which is
further increasing the demand for cocoa beans in the global marketplace.
Chocolates are the major product that utilize cocoa bean in their manufacturing
and since, the demand for chocolates is rising at a prolific rate; this demand
is also driving the global cocoa market.
Cocoa
Beans Market Segmentation Outlook:
Cocoa
Beans Market by Type:
Cocoa
Beans market is segmented into:
Criollo
Trinitario, and
Forastero.
Cocoa
Beans Market by Application:
Categorised
into:
Chocolate
Food & beverage
Pharmaceuticals,
and
Cosmetics.
Cocoa
Beans Market by Product:
Various products
of the cocoa beans are cocoa butter, cocoa powder, cocoa beverages, cocoa
cosmetic products, and others.
Cocoa
Beans Market by Geography:
Based on
geography, the global cocoa beans market has been segmented into North America,
Europe, Asia Pacific and Rest of the World. North America comprises U.S.,
Canada, and Mexico whereas Europe would primarily cover Germany, France, UK,
Italy, and Rest of Europe. The key countries included under Asia Pacific are
China, Japan, India, Australia, and Rest of Asia Pacific.
Cocoa
Beans Market Leaders:
Some of the key
players in the global cocoa beans market include Cargill Incorporated, Barry
Callebaut, Cemoi, Artisan Confections Company, PASCHA Company, InterNatural
Foods LLC, Olam Group, The Mexican Arabica Bean Company, Tomric Systems, Inc.,
Cacao Bahia, Dutch Cocoa, Cocoa Supply Company, Cocoa Processing Co. Ltd., Casa
Franceschi, Costa Esmeraldas Cacao Co., Agrofloresta, Meridian Cacao Company, and
Jedwards International among others.
About
Axiom MRC:
Axiom Market Research & Consulting™ (also known as
Axiom MRC), is a full-service market research and data analytics firm, driven
by a simple aim of providing key market intelligence to companies to assist
them in taking informed business decisions pertaining to their marketing
strategy, investments, new product launches, market competition, consumer or
end users, social media trends etc.
Media
Contact:
Ganesh Sai
616 Corporate Way, Suite 2-4268
Valley Cottage, NY, United States
Tel: +1(845)875-9786,
+44(0) 20 238697007
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