Cocoa and Chocolate Market

The global Cocoa and Chocolate market was valued at US$ 60060 million in 2022 and is projected to reach US$ 79140 million by 2029, at a CAGR of 4.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Cocoa and Chocolate market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Cocoa and Chocolate market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Cocoa and Chocolate market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Global Cocoa & Chocolate key players include Barry Callebaut, Cargill, Nestle SA, Mars, Blommer Chocolate Company, etc. Global top five manufacturers hold a share about 50%. Europe is the largest market, with a share about 35%, followed by North America and Southeast Asia, total with a share about 35 percent. In terms of product, Chocolate is the largest segment, with a share about 70%. And in terms of application, the largest application is Confectionery, followed by Food & Beverage, Cosmetics, Pharmaceuticals, etc.

Cocoa and Chocolate Market studies the Cocoa & Chocolate market, Cocoa & chocolate are used to provide taste, flavor, and texture to food, in addition to nutritional and functional benefits. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds. The chocolate also masks the unpleasant taste of tablets and encourages its usage for medicinal purposes.

Cocoa and Chocolate Market aims to provide a comprehensive presentation of the global market for Cocoa and Chocolate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cocoa and Chocolate. Cocoa and Chocolate Market contains market size and forecasts of Cocoa and Chocolate in global, including the following market information:

• Global Cocoa and Chocolate Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Cocoa and Chocolate Market Sales, 2018-2023, 2024-2029, (Tons)
• Global top five Cocoa and Chocolate companies in 2022 (%)

We surveyed the Cocoa and Chocolate manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• Cocoa
• Chocolate

• Chocolate Bars
• Flavoring Ingredient

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

• Key companies Cocoa and Chocolate revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Cocoa and Chocolate revenues share in global market, 2022 (%)
• Key companies Cocoa and Chocolate sales in global market, 2018-2023 (Estimated), (Tons)
• Key companies Cocoa and Chocolate sales share in global market, 2022 (%)

• Barry Callebaut
• Cargill
• Nestle
• FUJI OIL
• Mars
• Hershey
• Puratos
• Olam
• C?moi
• ECOM
• Guan Chong
• Mondelez
• Touton