Cocoa Demand to Exceed 4 Million Metric Tons By 2010, According to a New Report by Global Industry Analysts, Inc.

Share Article

Scientifically backed nutritive and cancer-fighting capabilities of cocoa-rich chocolates are fueling the demand for cocoa. Cocoa market is projected to exceed 4 million metric tons by 2010.

Cocoa: A Global Strategic Business Report

Cocoa is predominantly used to add flavor to confectionaries. Cocoa powder is mixed in ice creams, cakes, cookies, and creams, added to drinks as a natural flavor or used as a food-coloring agent in pastas. Cocoa butter is used mainly to manufacture chocolates and cosmetics such as soaps and moisturizers, while cocoa liquor is used by itself or in blends with other ingredients for chocolate making. Global consumption of cocoa increased rapidly, exceeding production during the last decade primarily due to rising income levels and growth in chocolate consuming population. Global cocoa demand is projected to register a CAGR of 2.7%, as stated in a recent report published by Global Industry Analysts, Inc. Europe leads the global cocoa market, accounting for a share of approximately 42%. Asia-Pacific market for cocoa is expected to grow at over 4%. Africa, contributing approximately 70% of world production, is the dominant supplier of cocoa beans. West Africa's largest producer, Ivory Coast (Cote d' Ivoire) contributes more than 50% to the region's cocoa beans production.

Major players in cocoa market include Cargill, Barry-Callebaut and Archer Daniels Midland Company, Dutch Cocoa and Ghirardelli Chocolate.

"Cocoa: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides an extensive review of market trends, drivers, players and competition. The report also offers profiles of leading players and presents recent developments, mergers, acquisitions, as well as other strategic industry activities. Detailed analysis is provided for major geographic markets including US, Canada, Japan, the Netherlands, Germany, France, the UK, Italy, Russia, Asia-Pacific, Latin America and Africa.

For more details about this research report, please visit http://www.strategyr.com/MCP-1423.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website