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Cocoa Beans Market By Product Type (Cocoa Powder, Cocoa Butter, Cocoa Beverages, Others) By Application (Confectionery, Functional Food & Beverage, Pharmaceuticals, Cosmetics, Others) By Distribution Channel (Online Distribution Channel, Offline Distribution Channel) – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2028

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Published: | Report ID: 3671 | Report Format : PDF

What is the Global Production of Cocoa?

In 2020, global cocoa production reached 5,757,953 tonnes. This includes 68.4 percent from African countries, 17.3 percent from the Americas, 13.5 percent from Asian countries, and 0.8 percent from Oceania. Cote d’Ivoire accounts for around 38% of global cocoa bean production. It should be emphasised that the national economy of Cote d’Ivoire is strongly dependent on cocoa prices, with cocoa bean exports accounting for a significant amount of the country’s export revenue. The tropical environment of the Cote d’Ivoire makes it ideal for Theobroma cocoa cultivation, and farmers there harvest a range of cash crops, with cocoa and coffee accounting for more than half.

What is the Market Size of Cocoa Beans Market in terms of value?

Global Cocoa Beans Market is projected to increase at a significant CAGR of 7.1 % in the coming years. In 2021, the global Cocoa Beans Market was valued at USD 11.2 billion and is projected to reach at value of USD 16.9 billion by 2028. The demand for Cocoa Beans is projected to increase substantially in the coming years and is presumed to generate revenue opportunity for the key industry players that worth USD 110 billion during the forecast period between 2022 and 2028

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What is the Price Trends for Cocoa Beans?

Cocoa prices have risen by more than 8% since December 2020. The combination of high demand and constrained supply has resulted in a significant increase in cocoa prices, In addition, political uncertainty due to the 2020 elections in Ghana and the Ivory Coast had caused prices to rise. Ghana and the Ivory Coast produced a total of 60 percent of the world’s cocoa beans. The British pound is another major driver of cocoa prices this year. The British pound has a direct relationship with the price of cocoa. This is because London is one of the most important markets for physical cocoa.

Interesting Facts about Cocoa Beans Industry

  • The top 5 countries for Cocoa Beans exports are Cote d’Ivoire, Ghana, Ecuador, Cameroon, and Nigeria.
  • The top 5 countries for Cocoa Beans imports are Netherlands, United States, Malaysia, Germany, and Indonesia.
  • Factors such as rising chocolate demand and greater knowledge of cocoa’s health advantages are helping to fuel the global cocoa market’s expansion.
  • The market’s expansion is hampered by a weakened supply network and fluctuating cocoa bean prices.
  • In the forecast period, North America will dominate the market in terms of worldwide share. Growing demand from the confectionery, cosmetics, and pharmaceutical sectors in the United States and Canada is expected to be a positive driver for regional market.
  • Cocoa butter was the most important product segment, accounting for more than half of the global market share. In the pharmaceutical sector, this substance is utilized as a lubricant.

Who are the Top 10 players/companies in the Cocoa Beans Market in terms of value and volume?

The key players in the global Cocoa Beans Market in terms of value and volume include Meridian Cacao Company, InterNatural Foods LLC, Cargill, Inc., The Barry Callebaut Group, Olam Group, Puratos Group, Blommer Chocolate Company, The Mexican Arabica Bean Company, Cemoi, Cocoa Supply Company, Jindal Cocoa, Costa Esmeraldas Cacao Co., Meiji Holdings Company, and United Cocoa Processor. These key players are concentrating on new product developments as well as technological innovation to enhance their production of Cocoa Beans to gain competitive market share at a global level. Moreover, some regional and country-level players are also investing heavily to expand their product portfolio and enhance their sales. For instance, in March 2022, Barry Callebaut announced the development of its Campbellfield facility in Melbourne, Australia. By producing safe, high-quality products, the new plant expands the company’s geographical footprint in the Asia Pacific. The facility will be able to serve Australia’s entire food sector, from global and local food manufacturers to artisanal and professional chocolate users. For instance, in September 2020, Häagen-Dazs introduced Ruby cacao ice cream. Ruby cacao beans are found in Ecuador, Brazil, and the Ivory Coast and are sourced and processed by Barry Callebaut. The pink color and flavor are produced by the bean’s unique fermentation process.

Cocoa Beans Market

 

Who are the Top 10 Countries in the Cocoa Beans Market?

In the global Cocoa Beans Market, the major countries are US, Canada, China, India, UK, Germany, France, Spain, Brazil, and Mexico. Within North America, the US accounts for a market leader in cocoa beans. Chocolate is popular during holidays such as Halloween, Christmas, and Easter in the United States. People are currently spending a lot of money on chocolate items. As a result, the country is one of the world’s largest importers of cocoa beans. Furthermore, according to the US Census Bureau, Pennsylvania produces the most chocolate, accounting for half of the country’s total output. The food business is one of the largest in the United States, contributing significantly to the high demand for chocolate. As a result, these factors are broadening the scope and expansion of the cocoa market.

Which is the Key Application Area in the Cocoa Beans Market?

The key applications of Cocoa Beans Market include Confectionery, Functional Food & Beverage, Pharmaceuticals, Cosmetics, and Others. The food and beverage sector occupied the major share in the Cocoa market.  Cocoa’s popularity as a universal flavor drives up demand in the food and beverage industries. Chocolate is one of the most popular and widely consumed food products in the world, making cocoa one of the most widely used flavors in a wide range of food and beverages consumed worldwide. With the growing popularity of the chocolate flavor, the majority of food and beverage businesses include cocoa beans in many of their culinary products and traditional recipes. This is done to attract more customers. With the increased popularity of chocolate flavors and rising cocoa production, the global cacao market is expected to rise rapidly throughout the projected period in the food and beverage sector.

What are the Major Driving Factors for Cocoa Beans Market?

Cocoa bean demand is expanding globally as the chocolate confectionery industry grows. Cocoa butter’s growing popularity has become one of the primary drivers of global demand. The historical significance of Cocoa bean use in health care and other treatments has played a significant influence on its popularity. Cocoa bean demand in the cosmetic business is being driven by its positive benefits for skin and health. The government is taking the lead in educating farmers about modern technologies that will aid in the production of cacao beans. The availability of chocolate in a variety of tastes, such as vanilla, mint, and coffee, is predicted to boost the global demand for Cocoa beans. Furthermore, consumer demand for organic Cocoa beans is likely to give many potential prospects for key Cocoa bean market participants in the approaching years.

What are the Major Restraints for Cocoa Beans Market?

Farmers have issues relating to the production and profitability of weed accumulation, which increases the danger of crop damage. Most Cocoa farmers have shifted their focus to other high-yielding crops. These challenges are projected to have a detrimental influence on supply dynamics and stymie market expansion in the future years. Cocoa beans are highly dependent on seasonal and environmental conditions, and commodity price variations are projected to limit the global Cocoa bean market’s growth throughout the projection period.

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Which Region Dominated the World Cocoa Beans Market?

In the forecast period, North America will dominate the market, accounting for a major share of the worldwide share. Growing demand from the confectionery, cosmetics, and pharmaceutical sectors in the United States and Canada is expected to be a positive driver. Furthermore, during the next eight years, urbanization and rising disposable income levels in Mexico are likely to offer new doors. There is a high level of consumer awareness about the health advantages of cocoa, which is pushing the consumption of dark chocolate in the North American chocolate confectionery sector. Furthermore, the presence of significant firms like Cargill Incorporated, Blommer Chocolate Company, and others has aided the expansion of the cocoa market in terms of innovation, production, and consumption. These reasons are moving the North American cocoa market forward.

Over the estimated period, Asia-Pacific is expected to have the quickest growth rate in the cocoa market. This expansion can be attributed to cocoa product innovation. Furthermore, with changing lifestyles leading to increasing cocoa grindings, the region has been among the top growth regions for chocolate producers. Furthermore, rising urbanization, enhanced retail distribution, and an increase in disposable income are some of the other reasons that are broadening the scope and growth of the APAC cocoa market. Organic and natural products are becoming increasingly popular in South Korea. To meet current industry trends, chocolate manufacturers obtain specialty branded raw materials such as organic and kosher cocoa.

Segmentation of Global Cocoa Beans Market-

Cocoa Beans Market- By Cocoa Bean Type   

  • Criollo Cocoa Beans
  • ForasteroCocoa Beans
  • Trinitario Cocoa Beans

Cocoa Beans Market- By Product Type         

  • Cocoa Powder
  • Cocoa Butter
  • Cocoa Beverages
  • Others

Cocoa Beans Market- By Application 

  • Confectionery
  • Functional Food & Beverage
  • Pharmaceuticals
  • Cosmetics
  • Others

Cocoa Beans Market- By Distribution Channel          

  • Online Distribution Channel
  • Offline Distribution Channel

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Cocoa Beans Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Cocoa Beans Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Cocoa Beans Type
3.3.2. Product
3.3.3. Application
3.3.4. Distribution Channel
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Cocoa Beans Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Criollo Cocoa Beans
6.2.3. ForasteroCocoa Beans
6.2.4. Trinitario Cocoa Beans
6.3. North America Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Cocoa Powder
6.3.3. Cocoa Butter
6.3.4. Cocoa Beverages
6.3.5. Others
6.4. North America Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Confectionery
6.4.3. Functional Food & Beverage
6.4.4. Pharmaceuticals
6.4.5. Cosmetics
6.4.6. Others
6.5. North America Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
6.5.1. Overview
6.5.2. Online Distribution Channel
6.5.3. Offline Distribution Channel

7. Europe
7.1. Europe Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. North America Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Criollo Cocoa Beans
7.2.3. ForasteroCocoa Beans
7.2.4. Trinitario Cocoa Beans
7.3. North America Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Cocoa Powder
7.3.3. Cocoa Butter
7.3.4. Cocoa Beverages
7.3.5. Others
7.4. North America Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Confectionery
7.4.3. Functional Food & Beverage
7.4.4. Pharmaceuticals
7.4.5. Cosmetics
7.4.6. Others
7.5. North America Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
7.5.1. Overview
7.5.2. Online Distribution Channel
7.5.3. Offline Distribution Channel

8. Asia Pacific
8.1. Asia Pacific Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Criollo Cocoa Beans
8.2.3. ForasteroCocoa Beans
8.2.4. Trinitario Cocoa Beans
8.3. Asia Pacific Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Cocoa Powder
8.3.3. Cocoa Butter
8.3.4. Cocoa Beverages
8.3.5. Others
8.4. Asia Pacific Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Confectionery
8.4.3. Functional Food & Beverage
8.4.4. Pharmaceuticals
8.4.5. Cosmetics
8.4.6. Others
8.5. Asia Pacific Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
8.5.1. Overview
8.5.2. Online Distribution Channel
8.5.3. Offline Distribution Channel

9. Latin America
9.1. Latin America Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Criollo Cocoa Beans
9.2.3. ForasteroCocoa Beans
9.2.4. Trinitario Cocoa Beans
9.3. Latin America Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Cocoa Powder
9.3.3. Cocoa Butter
9.3.4. Cocoa Beverages
9.3.5. Others
9.4. Latin America Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Confectionery
9.4.3. Functional Food & Beverage
9.4.4. Pharmaceuticals
9.4.5. Cosmetics
9.4.6. Others
9.5. Latin America Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
9.5.1. Overview
9.5.2. Online Distribution Channel
9.5.3. Offline Distribution Channel

10. Middle East
10.1. Middle East Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Criollo Cocoa Beans
10.2.3. ForasteroCocoa Beans
10.2.4. Trinitario Cocoa Beans
10.3. Middle East Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Cocoa Powder
10.3.3. Cocoa Butter
10.3.4. Cocoa Beverages
10.3.5. Others
10.4. Middle East Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Confectionery
10.4.3. Functional Food & Beverage
10.4.4. Pharmaceuticals
10.4.5. Cosmetics
10.4.6. Others
10.5. Middle East Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
10.5.1. Overview
10.5.2. Online Distribution Channel
10.5.3. Offline Distribution Channel

11. Africa
11.1. Africa Cocoa Beans Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Criollo Cocoa Beans
11.2.3. ForasteroCocoa Beans
11.2.4. Trinitario Cocoa Beans
11.3. Africa Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Cocoa Powder
11.3.3. Cocoa Butter
11.3.4. Cocoa Beverages
11.3.5. Others
11.4. Africa Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Confectionery
11.4.3. Functional Food & Beverage
11.4.4. Pharmaceuticals
11.4.5. Cosmetics
11.4.6. Others
11.5. Africa Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
11.5.1. Overview
11.5.2. Online Distribution Channel
11.5.3. Offline Distribution Channel

12. Global
12.1. Global Cocoa Beans Market, by Cocoa Bean Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Criollo Cocoa Beans
12.1.3. ForasteroCocoa Beans
12.1.4. Trinitario Cocoa Beans
12.2. Global Cocoa Beans Market, by Product Type, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Cocoa Powder
12.2.3. Cocoa Butter
12.2.4. Cocoa Beverages
12.2.5. Others
12.3. Global Cocoa Beans Market, by Application, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Confectionery
12.3.3. Functional Food & Beverage
12.3.4. Pharmaceuticals
12.3.5. Cosmetics
12.3.6. Others
12.4. Global Cocoa Beans Market, by Distribution Channel, 2016-2028(US$ Bn)
12.4.1. Overview
12.4.2. Online Distribution Channel
12.4.3. Offline Distribution Channel

13. Company Profiles
13.1. Meridian Cacao Company
13.2. InterNatural Foods LLC
13.3. Cargill, Inc.
13.4. The Barry Callebaut Group
13.5. Olam Group
13.6. Puratos Group
13.7. Blommer Chocolate Company
13.8. The Mexican Arabica Bean Company
13.9. Cemoi
13.10. Cocoa Supply Company
13.11. Jindal Cocoa
13.12. Costa Esmeraldas Cacao Co.
13.13. Meiji Holdings Company
13.14. United Cocoa Processor
13.15. Others

List of Figures

FIG. 1 Global Cocoa Beans Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Cocoa Beans Market Segmentation
FIG. 4 Global Cocoa Beans Market, by Cocoa Beans Type, 2019 (US$ Bn)
FIG. 5 Global Cocoa Beans Market, by Product Type, 2019 (US$ Bn)
FIG. 6 Global Cocoa Beans Market, by Distribution Channel, 2019 (US$ Bn)
FIG. 7 Global Cocoa Beans Market, by Application, 2021 (US$ Bn)
FIG. 8 Global Cocoa Beans Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Positioning of Key Cocoa Beans Market Manufacturers, 2019
FIG. 11 Global Cocoa Beans Market Value Contribution, By Cocoa Beans Type, 2021 & 2028 (Value %)
FIG. 12 Global Cocoa Beans Market, by Criollo Cocoa Beans, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Cocoa Beans Market, by ForasteroCocoa Beans, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Cocoa Beans Market, by Trinitario Cocoa Beans, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Cocoa Beans Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 16 Global Cocoa Beans Market, by Confectionery, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Cocoa Beans Market, by Cosmetics, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Cocoa Beans Market, by Pharmaceuticals, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Cocoa Beans Market, by Functional Food & Beverage, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Cocoa Beans Market Value Contribution, By Product Type, 2021 & 2028 (Value %)
FIG. 21 Global Cocoa Beans Market, by Cocoa Powder, 2016-2028 (US$ Bn)
FIG. 22 Global Cocoa Beans Market, by Cocoa Butter, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Cocoa Beans Market, by Cocoa Beverages, Value, 2016-2028 (US$ Bn)
FIG. 24 Global Cocoa Beans Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 25 Global Cocoa Beans Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 26 Global Cocoa Beans Market, by Online, 2016-2028 (US$ Bn)
FIG. 27 Global Cocoa Beans Market, by offline, 2016-2028 (US$ Bn)
FIG. 28 U.S. Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 29 Rest of North America Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 30 U.K. Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 31 Germany Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 32 France Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 33 Italy Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 34 Spain Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 35 Russia Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 36 BENELUX Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 37 Poland Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 38 Austria Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 39 Rest of Europe Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 40 Japan Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 41 China Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 42 India Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 43 South Korea Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 44 Australia Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 45 Southeast Asia Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 46 Rest of Asia Pacific Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 47 Middle East & Africa Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 48 South Africa Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 49 Nigeria Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 50 Egypt Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 51 GCC Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 52 Israel Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 53 Latin America Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 54 Mechanicalzil Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 55 Argentina Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 56 Colombia Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 57 Peru Cocoa Beans Market, 2016-2028 (US$ Bn)
FIG. 58 Chile Cocoa Beans Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Cocoa Beans Market
TABLE 2 Global Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 5 Global Cocoa Beans Market, by Consumer, 2016-2028 (US$ Bn)
TABLE 6 Global Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 7 Global Cocoa Beans Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 North America Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (
TABLE 11 North America Cocoa Beans Market, by Consumer, 2016-2028 (US$ Bn)
TABLE 12 North America Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 13 North America Cocoa Beans Market, by Country, 2016-2028 (US$ Bn)
TABLE 14 Europe Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Europe Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Europe Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 17 Europe Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 18 Europe Cocoa Beans Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 19 Asia Pacific Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 20 Asia Pacific Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 21 Asia Pacific Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 22 Asia Pacific Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 23 Asia Pacific Cocoa Beans Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 24 Latin America Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 Latin America Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Latin America Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 27 Latin America Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 28 Latin America Cocoa Beans Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 29 Middle East Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 30 Middle East Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 31 Middle East Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 32 Middle East Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 33 Middle East Cocoa Beans Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 34 Africa Cocoa Beans Market, by Type, 2016-2028 (US$ Bn)
TABLE 35 Africa Cocoa Beans Market, by Application, 2016-2028 (US$ Bn)
TABLE 36 Africa Cocoa Beans Market, by Cocoa Beans Type, 2016-2028 (US$ Bn)
TABLE 37 Africa Cocoa Beans Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 38 Africa Cocoa Beans Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID-19 Impacted the global Cocoa Beans Market?

The COVID-19 pandemic’s influence on the cocoa bean market is expected to be minimized to some extent. Chocolate is the most frequent product derived from cocoa beans. Despite the fact that it does not fall under the category of necessary products, consumers are increasingly acquiring it.

Which is the leading market for Cocoa Beans?

In the forecast period, North America will dominate the market, accounting for a major share of the worldwide share. Growing demand from the confectionery, cosmetics, and pharmaceutical sectors in the United States and Canada is expected to be a positive driver.

What are the key drivers for the growth of the Cocoa Beans Market?

The chocolate industry’s high demand for cocoa beans drives the global cocoa bean market. In addition, a surge in demand for chocolate-based products is propelling the worldwide cocoa bean market forward.

Which is the major segment in Cocoa Beans Market by Product Type?

Cocoa butter was the most important product segment, accounting for more than half of the global market share.

Which is the major segment in Cocoa Beans Market by Application?

The food and beverage sector occupied the major share in the Cocoa market. Cocoa’s popularity as a universal flavor drives up demand in the food and beverage industries.

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