The global Cocoa market is anticipated to grow significantly at a CAGR of 3.0% over the forecast period (2021-2027). The key aspect that drives the growth of the global Cocoa market is the enormous growth in the food & beverages industries across the globe. Attributing to several benefits associated with cocoa consumption, such as body tissue-protective properties against oxidative stress and associated pathologies including cancer, inflammation and cardiovascular diseases is aiding the market growth. Cocoa is also beneficial in decreasing hypertension, reducing chronic fatigue syndrome, protecting against sunburn among many others; due to which the market is likely to witness substantial growth during the forecast period.
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Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Archer Daniels Midland Co., Cargill Inc., Dutch Cocoa BV, Mars Inc., Meiji Holdings Co. Ltd., Natra SA, Puratos Group, and Toutan SA among others substantially contribute to the market growth. These players adopt several growth strategies such as product launches, innovations in the existing products, mergers, and acquisitions among many others to thrive in the competitive market during the forecast period. Hence, this is likely to promote the cocoa market opportunities and in turn, will enhance the growth of the market over the forecast period.
A Full Report of Global Cocoa Market is Available at: https://www.omrglobal.com/industry-reports/cocoa-market
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Product Type and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Dutch Cocoa BV, Mars Inc., Meiji Holdings Co. Ltd., Natra SA, Puratos Group, and Toutan SA among others
Global Cocoa Market – Segmentation
By Product Type
- Cocoa Beans
- Cocoa Butter
- Cocoa Powder & Cake
- Cocoa Paste & Liquor
By Application
- Food & Beverage
- Confectionery
- Personal Care & Cosmetics
- Pharmaceuticals
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
