Organic Cocoa Market | Global Trends, Outlook, Overview and 2024 Forecast
Research Reports
Jan 05, 2021
Market Overview
Due to the health advantages associated with organic cocoa consumption, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Organic Cocoa Market Research Report- Forecast to 2024’ that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period.
Owing to increasing health awareness among the consumer’s, the demand for organic and pure form of chocolate have increased. This in turn has a direct positive impact on the growth of organic cocoa market as a key ingredient. The sector is driven in a major way by the rising demand for healthy desserts with high nutritional value. Rising health concerns among the consumers and escalating popularity of organic commodities is identified to boost the demand for organic cocoa on a global platform. Health benefits gained out of organic cocoa consumption are the main drivers to the development of this segment. Organic cocoa is gaining its popularity based on its antioxidant value and polyphenol contents.
Organic cocoa is associated with healthy functioning of the heart and imparts health advantages such as reduction of the cholesterol level. However, the declining production of cocoa possess a major threat on this market. Economic as well as weather conditions plays vital role in the production of organic cocoa. Unfavorable weather is the major cause for the declining production capacity of organic cocoa in several countries. Owning to this, production capacity of organic premium chocolate is declining.
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Major Key Players
With the entry of new industry players in the organic cocoa segment, the demand from various food and beverage manufacturers have increased based on consumers trending demand for natural and chemical-free pure form of chocolates. Major strategy followed by the key players is identified to be increasing their production capacity as well as product promotions to spread awareness about the health benefits gained from cocoa consumption. The best long-term growth opportunities for this sector can be captured by ensuring ongoing new product launch and R&D investments.
The key players profiled in organic cocoa market are Olam (Uganda) Limited (Uganda), BT Cocoa (Indonesia), Tradin Organic Agriculture BV (U.S.), Conacado Agroindustrial SA (Dominican Republic), Barry Callebaut AG (Switzerland), Blommer chocolate company (U.S.), and Mars Inc. (U.S.), among many others.
Market Segments
The global Organic Cocoa Market has been divided into form, application and region.
On The Basis Of Form: Cocoa Butter, Cocoa Liquor, Cocoa Powder, and Others
On The Basis Of Application: Bakery & Confectionery, Functional Food & Beverages, Personal Care Products, Pharmaceuticals, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Regional Analysis
The global Organic cocoa market is segmented into Africa, America, and Rest of the World (RoW). Global organic cocoa market is highly dominated by America due to high production capacity and cultivation of organic certified cocoa in the region. America is also fastest growing region due to changing lifestyle and increasing health awareness in the region. The production of organic cocoa in Africa is anticipated to grow at a high rate in the upcoming years.
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