The cocoa market is expected to grow at a CAGR of 3.1%, whereas the chocolate market is estimated to grow at a CAGR of 2.3% from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 09/30/2014 -- The report “Cocoa & Chocolate Market by Application (Confectionery, Food & Beverage, Cosmetics, & Pharmaceuticals), Cocoa Type (Cocoa Butter, Powder, & Liquor) & Chocolate Type (Dark, White, Milk, Filled) - Global Trends & Forecasts to 2019” defines and segments the global cocoa & chocolate market with an analysis and forecasting of the market volume of types of cocoa and chocolate. The report also identifies the driving and restraining factors for the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and values are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and forecasted for each region.
Browse 118 market data tables, 24 figures spread through 282 pages and in-depth TOC on “Cocoa & Chocolate Market - Global Trends & Forecasts to 2019”
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The market size (volume) of cocoa was 3,455,622 metric tons in 2013 and is estimated to grow at a CAGR of 3.1% from 2014 to 2019, whereas the chocolate market is projected to grow at a CAGR of 2.3% from 2014 to 2019. In 2014, Europe is projected to lead the global market with the highest share, followed by North America and the Asia-Pacific, in terms of volume.
The milk & white chocolate segment is estimated to grow at the highest CAGR of 2.4% from 2014 to 2019.The cocoa liquor segment dominates the cocoa market in 2013, while cocoa butter segment is expected to grow at a CAGR of 3.8% from 2014 to 2019. Europe is the leading consumer of cocoa, followed by North America.
Europe is a major processor of cocoa in the global market and is estimated to grow at a CAGR of 2.6% from 2014 to 2019. However, the overall cocoa & chocolate industry in the European region has become saturated over the last few years. Consumer awareness pertaining to health benefits has led some of the major innovations in the North American cocoa & chocolate industry.
Some of the major players in the global market are Cargill (U.S.), Barry Callebaut (Switzerland), Archer Daniels Midland (U.S.), and Nestle S.A (Switzerland). These companies provide an extensive range of cocoa & chocolate-based products.
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