Cocoa and Chocolate Market Size, Share, COVID-19 Impact & Trends Report 2021-2028 (PDF)
The cocoa and chocolate market is one of the biggest manufacturing industries in the whole world. This market has recorded a size worth of USD 43.13 billion in the year 2020. It is estimated that by 2025, it will be reaching a valuation of USD 67.22 billion if it continues to expand at the rate of 5.7% between 2020-2025 at a consistent rate. Cocoa beans are the fermented seeds of the cocoa trees and are used in various products and used for various purposes.
The basic or the primary raw materials for chocolate and cocoa are 3 prime ingredients are Cocoa beans, sugar, and milk. Any change in the price rates of these prime ingredients affects the price of chocolate. Cocoa and chocolate manufacturing producers are trying to adapt modern and innovative techniques to reduce production expenses. The basic cocoa products are obtained from the production places and then distributed in the national and international markets.
The top four countries for the production of Chocolate are
Benefits of Chocolate and Cocoa:
Chocolates and cocoa both have multiple usages and because of the backing of various scientific explanations and advancements, the demand for them is increasing too. The use of the antioxidants properties present in cocoa and the other health benefits has made it even more demanding in today’s world.
Chocolate is used for food and beverage and confectionery, cosmetics, pharmaceuticals, and few other industries. American Association for the Advancement of Science believes that drinking chocolate also helps in improving the cognitive qualities of man.
The antioxidants present in cocoa help in decreasing or at least keeping the blood pressure, heart health and blood flow. It also helps to maintain the cholesterol level and fight obesity, cancer, chronic fatigue syndrome and many other neurodegenerative diseases.
Chocolate Market By Type
Cocoa Market By Type
Cocoa & Chocolate Market, By Application
Drawbacks of the Cocoa and Chocolate Market-
Though it is a fact that the global markets of both Cocoa and Chocolate are growing exceptionally and at a rapid rate, we cannot deny that it too is facing some drawbacks. The prediction that there is going to be a lack of cocoa trees in the future, is one of the biggest restrains this marketing is going to face, ultimately hampering the growth of the Cocoa and chocolate industry. Moreover, farmers are abandoning the cultivation of cocoa trees and the productions of cocoa crops due to the great difficulty they are facing in the market. In addition to all this, this market is facing another arising problem. Consumers are changing their preferences and choices from chocolate to other snacks due to the presence of saturated fat and because of other concerning adverse health effects.
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