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Cocoa Bean Market Trends

Report ID: GMI11243
Published Date: Sep 2024
Report Format: PDF

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Cocoa Bean Market Trends

Current trends in the cocoa bean industry include a growing preference for premium and artisanal chocolates, driven by consumer demand for high-quality, ethically sourced products. There is also an increased focus on sustainability, with more brands adopting fair trade and organic certifications. Upcoming trends suggest a rising interest in plant-based and functional cocoa products, such as health-oriented cocoa powders and supplements. The use of technology for enhanced traceability and transparency in supply chains is gaining momentum. Additionally, innovations in cocoa processing and product development are expected to meet evolving consumer preferences, including those for personalized and customized chocolate experiences.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cocoa bean achieved USD 15.3 billion in 2023 and will grow at 6.4% CAGR from 2024 to 2032, led by its applications in chocolate production, confectionery, and beverages.

The cocoa powder product type segment will capture USD 12.17 billion by 2032, due to its extensive use in a variety of products including chocolates, baked goods, and beverages.

Europe market will record a 6.6% CAGR from 2024 to 2032, driven by its strong presence in chocolate production and consumption

Cargill, Cocoabean, The Hershey Company, Blommer Chocolate Company, JINDAL COCOA, Barry Callebaut, Olam International Limited, Meridian Cacao Co, S-Cocoa and Cocoacraft.