The global cocoa beans market size is expected to reach USD 16.32 billion by
2025 registering a CAGR of 7.3%, according to a new report by Grand View
Research, Inc. Growing popularity of cocoa beans as polyphenolic functional
ingredient on account of their health benefits, such as reduced inflammation
and risk of Cardiovascular Diseases (CVDs), better blood circulation, and
improved cholesterol levels, is projected to remain a favorable factor.
Furthermore, increasing usage of organic personal care products due to their
long-lasting skin care benefits is expected to boost the demand for cocoa beans
in the cosmetics sector, thereby driving the global market.
Increasing usage of cocoa butter as
functional ingredient in the formulation of chocolates is also expected to be
one of the key factors augmenting market growth. In addition, new product
launches in premium categories including dark chocolate by major confectionery
firms like Mondelēz International, Inc. is projected to expand the application
scope of the product, thereby supporting market growth. On the other hand,
pharmaceuticals is expected to remain the fastest-growing application segment
with a CAGR of 8.1% from 2019 to 2025.
Access
Research Report of Cocoa Beans Market @ https://www.grandviewresearch.com/industry-analysis/cocoa-beans-market
Further key findings from the study suggest:
· Europe is expected to be the second
fastest-growing regional market with a CAGR of 7.9% from 2019 to 2025
· Positive outlook towards confectionery
industry in countries including Germany, U.K., and France on account of higher
consumption of chocolate (more than 5 kg per annum) is expected to have a
positive impact on the region’s growth
· Online channels generated a revenue of USD
1.93 billion in 2018 and is projected to be the fastest-growing distribution
channel segment from 2019 to 2025
· Rising popularity of e-commerce portals,
such as Amazon and Chocolate Alchemy, due to increasing number of smartphone
users is the key factor driving the cocoa beans market growth
· Key companies include The Hershey Company;
Cargill, Inc.; The Barry Callebaut Group; Puratos Group; Blommer Chocolate
Company; Cemoi; Meiji Holdings Company; United Cocoa Processor, Inc.; and
Jindal Cocoa
· Manufacturers are targeting to achieve
optimum business growth by implementing innovative strategies including new
product development and significant investments in R&D
Grand View Research has segmented the
global cocoa beans market on the basis of product, application, distribution
channel, and region:
Cocoa Beans Product Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Butter
·
Powder
·
Liquor
Cocoa Beans Application Outlook (Revenue,
USD Billion, 2015 - 2025)
·
Confectionery
·
Functional Food & Beverage
·
Pharmaceuticals
·
Cosmetics
Cocoa Beans Distribution Channel Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Online
·
Offline
Cocoa Beans Region Outlook (Revenue, USD
Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
