12-Sep-2019: 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.
In
depth research report on 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
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About
Grand View Research
Grand View Research, Inc. is the
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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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