A recent report published by Infinium Global Research on the cocoa-beans market provides in-depth analysis of segments and sub-segments in global as well as the regional cocoa-beans market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional cocoa-beans market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cocoa-beans market. According to report the global cocoa-beans market is projected to grow at a CAGR of 3.4% over the forecast period of 2018-2024.
Cocoa beans are little beans found in the pods that grow on cacao (Cocoa) trees. Cocoa-beans are also called Cocoa bean, which can be further processed to produce a variety of products. The main benefits offered by cocoa are, they improve the blood flow, lowers the blood pressure, and reduces the risk from a heart attack. Cocoa beans contain many vitamins and minerals and also healthy doses of potassium, copper that support cardiovascular health, and iron that transports oxygen through the body. According to the research, it is said that cocoa-beans are the best source of anti-oxidants containing up to ten percent antioxidant concentration levels. Cocoa-bean may be cultivated under shaded cultivation such as agroforestry. Agroforestry can reduce the pressure on existing protected forests for resources, such as firewood, and conserve biodiversity.
A wide range of products and the rising popularity of Cocoa-based products such as Cocoa powder, Cocoa butter, Cocoa beverages, and beauty products are driving the growth of the global Cocoa beans market. Moreover, increased demand for cocoa and chocolate-based products to drive the demand for the cocoa-beans market. Increased insulin sensitivity, from cocoa beans, for example, may support weight loss efforts. This, in turn, is boosting the growth of the cocoa-beans market. However, cocoa –beans are highly dependent on seasons and environmental conditions and fluctuation in the prices of the commodity are the factors likely to restrain the growth of the cocoa-beans market during the forecast period. Several Governments are taking initiatives to educate the farmers about modern techniques that will contribute to the production of Cocoa beans. Furthermore, the demand for the consumption of organic cocoa-beans is anticipated to provide several growth opportunities for the key players in the cocoa-bean market over the years to come.
Among the geographies, Europe dominated the cocoa-beans market. The growth in the European region is more as Europe is the largest producer and consumer of cocoa beans. Moreover, Netherlands is considered as one of the largest importers of cocoa-beans as it, the home to the most important Cocoa trade port. On the other hand, around 60% of the cocoa beans from West Africa is imported by the Netherlands. Furthermore, increasing population and rising disposable income have led to an increase in the saturation of the cocoa-market in Asia Pacific regions. Moreover, huge demand for cocoa and chocolate-based products are growing rapidly in the North American regions.
The report on global cocoa-beans market covers segments such as product type and end-user. On the basis of product type, the global cocoa-beans market is categorized into cocoa powder, cocoa butter, cocoa beverages, cocoa paste and beauty products. On the basis of end-user, the global cocoa-beans market is categorized into chocolate & confectionery industry, food, and beverage industry and cosmetics industry.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global cocoa-beans market such as Wilbur Chocolate Company Inc, Kraft Foods Inc, Petra Foods Limited, Belcolade NV, Dutch cocoa B.V, Cargill Cocoa & Chocolate, Blommer Chocolate Company, Ferrero S.P.A, Guan Chong Cocoa Manufacturer Sdn. Bhd. and Organic Commodity Products Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global cocoa-beans market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cocoa-beans market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the cocoa-beans market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the cocoa-beans market to understand the present and future trends in this market and formulate their strategies accordingly.
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