Cocoa market was 3,455,622 metric tons in 2013 and is estimated to grow at a CAGR of 3.1% from 2014 to 2019, whereas the chocolate market is projected to grow at a CAGR of 2.3% from 2014 to 2019.
(PRWEB) August 25, 2014
This report estimates the global cocoa & chocolate market in terms of volume, metric tons for cocoa and kilo tons for chocolate. The drivers, restraints, and opportunities of the cocoa & chocolate market are also discussed in the report. It also includes the various development strategies such as mergers & acquisitions, expansion plans, new product launches, participation, and other developments of the major market players.
The market size (volume) of cocoa was 3,455,622 metric tons in 2013 and is estimated to grow at a CAGR of 3.1% from 2014 to 2019, whereas the chocolate market is projected to grow at a CAGR of 2.3% from 2014 to 2019. In 2014, Europe is projected to lead the global market with the highest share, followed by North America and the Asia-Pacific, in terms of volume.
The companies enjoying a significant share in the market are Cargill (U.S.), Barry Callebaut (Switzerland), and Archer Daniels Midland (U.S.). The existing dominant players are leveraging their innovative capabilities and customer relations to commercialize novel products and increase their adoption. Complete report is available at http://www.reportsnreports.com/reports/295817-cocoa-chocolate-market-by-application-confectionery-food-beverage-cosmetics-pharmaceuticals-cocoa-type-cocoa-butter-powder-liquor-chocolate-type-dark-white-milk-filled-global-trends-forecasts-to-2019.html .
The rise in population, living standards, increasing demand for chocolate as a sweet substitute, and rising consumer awareness about the health benefits of cocoa are some of the drivers of the cocoa & chocolate market. This report estimates the market size of cocoa & chocolate products and their types. In terms of geography, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World (RoW). The cocoa & chocolate market is mainly segmented on the basis of type and application. With the growing market potential and increasing demand from developing countries such as India and China, the cocoa & chocolate market is likely to witness significant growth in the coming years. Cocoa & chocolate application segments included in this report are confectionery, food & beverage, cosmetics, and pharmaceuticals.
The companies enjoying a significant share in the market are Archer Daniels Midland, Barry Callebaut, Blommer Chocolate, Cargill Incorporated, Cemoi, Cocoa Processing Company Ltd, Mars Inc, Meiji Holdings Co. Ltd, Nestle S.A, Olam International Limited and Puratos Group. The existing dominant players are leveraging their innovative capabilities and customer relations to commercialize novel products and increase their adoption. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=295817 .
The top three players in the cocoa & chocolate industry held a market share of more than 30%, signifying the participation of a large number of players in this market.
In order to provide a deeper understanding of the competitive landscape, this report profiles 11 key players of the cocoa & chocolate market, and provides more than 70 market tables, categorized them according to geography, type, and application. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=295817 .
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