A cocoa bean is obtained from the cocoa tree, also known as Theobroma cacao. Cocoa processing refers to the method of obtaining cocoa powder, butter, and liquor from cocoa beans. As they are rich in magnesium, cocoa-based products aid in catalyzing protein synthesis and energy production. Moreover, cocoa also contains copper, which aids in brain development, iron transport, and glucose metabolism. Due to these factors, these products are also considered as superfoods with the ability to uplift mood and boost mental performance.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
Cocoa remains an indispensable raw material in the chocolate, food, and beverage industries. Cocoa beans are rich in flavonoids, such as theobromine and proanthocyanidins, which are well-known for their anti-aging, antioxidant, and anti-inflammatory properties. They also help in reducing the risk of cardiovascular diseases like heart failure, arrhythmia, and cardiomyopathy. Due to these factors, there has been a rise in the demand for cocoa-based products, like energy bars, among health-conscious consumers.
Apart from this, cocoa also finds applications in non-food industries like the personal care industry. Cocoa butter is one of the preferred ingredients in over-the-counter skin products like soap bars, lotions, creams, and lip balms, as it helps in moisturizing the skin. Moreover, cocoa products are used as flavoring agents and coatings on medicines and supplements in the pharmaceutical industry.
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Breakup by Bean Type:
Forastero
Criollo
Trinitario
Breakup by Product Type:
Cocoa Butter
Cocoa Liquor
Cocoa Powder
Breakup by Application:
Confectionary
Bakery
Beverages
Pharmaceuticals
Others
Breakup by Region:
Europe
Africa
North America
Latin America
Asia Pacific
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are TOUTON S.A., Transmar Commodity Group Ltd, Guan Chong Bhd (GCB)., Ecom Agroindustrial Corp. Limited, Nestlé SA, Barry Callebaut Group, FUJI OIL CO., LTD., Mondelez International, Inc., Cargill Incorporated, and Olam Group Limited.
