Cocoa Market

Cocoa Market: Cocoa Liquor Sub-Segment Expected to Reach a Sweet Spot in the Global Cocoa Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Cocoa liquor sub-segment likely to surpass cocoa powder sub-segment in terms of value share in the coming decade, owing to an increase in demand for cocoa liquor

Cocoa powder falls under both conventional and organic categories. In 2016, the cocoa powder sub-segment in the conventional category was estimated to account for a market value share of more than 30% in the global cocoa market. This segment is anticipated to witness a slight drop in market value share and be valued a little less than 35% by the end of the forecast period. The cocoa liquor sub-segment in the conventional category is expected to be the most attractive sub-segment in the global cocoa market over the forecast period, registering a CAGR of 4.3% in terms of value during the forecast period.

In 2016, the cocoa powder sub-segment in the organic category was anticipated to hold a meagre market share of a little over 18%, while the cocoa liquor sub-segment in the organic category was projected to hold the highest market share of 45%. The cocoa liquor sub-segment in the organic category is expected to remain dominant throughout the forecast period.   

Rising demand for chocolates and cocoa brownies is anticipated to boost the growth of the cocoa powder sub-segment

Cocoa powder is an essential ingredient used to make a variety of dark chocolates, thus increasing the popularity of dark chocolates across the globe, especially in developing countries. This is driving the growth of the cocoa powder sub-segment in the global cocoa market. Rising awareness among adult consumers across the globe regarding the various health benefits associated with dark chocolate has been contributing to the growth in consumption of chocolates made of cocoa powder. Another factor creating robust development in the cocoa powder sub-segment is an increasing inclination of young consumers towards chocolate. Primary consumers of chocolate are children, but as per the current scenario, chocolate is gaining popularity amongst young adults, as it helps in lowering cholesterol, which is helpful in maintaining fitness and promoting muscle building. The demand for cocoa powder in various food applications has been increasing since the last few years. Demand for packaged premium quality cocoa powder based products such as cookies, chocolates, chocolate coated fruits, and caramelised chocolates for occasions such as New Year, Christmas, birthdays, and weddings is increasing rapidly. This is another major factor expected to boost the growth of the cocoa powder sub-segment of the global cocoa market over the projected period.

global cocoa market

Revenue contribution from the Western Europe cocoa market to the global cocoa market is likely to remain comparatively high throughout the forecast period

The cocoa market in Western Europe was anticipated to represent a relatively high value share of almost 35% by 2016 end, and is expected to remain the dominant regional market over the forecast period. An increasing demand for cocoa in the conventional sub-segment in Western Europe is expected to fuel growth of the cocoa market in this region. The Western Europe market is projected to gain 233 BPS by 2026 end over 2016. The cocoa market in North America is likely to witness substantial growth in terms of value throughout the forecast period. North America followed Western Europe closely in terms of market share in 2016, with a projected value share of over 20%. The North America cocoa market is anticipated to gain 23 BPS by 2026 end over 2016. In terms of CAGR, the Western Europe cocoa market is estimated to register the highest value CAGR of 4.1% with North America standing at the second position with 3.5% value CAGR.

Swiss chocolate manufacturer The Barry Callebaut Group opens first ever cocoa powder based beverage products academy

Switzerland based chocolate manufacturer The Barry Callebaut Group opened its first cocoa powder based beverage products academy in 2016 – Van Houten Beverage, Sweden – to enter into this business segment. In 2016, U.S based Cargrill Incorporated introduced cocoa powder with intense dark red colour in its product offerings in Indonesia for application in chocolate ice-creams, drinks, and desserts. Another U.S. based manufacturer, Carlyle Cocoa has acquired speciality in manufacturing six different cocoa powder varieties differentiated on the basis of pH range, while the rest of the ingredients remain the same. 

Understanding customer needs and offering products accordingly, with specific characteristics and maintaining a proper supply and value chain in order to optimise pricing of the final product is a tested strategy adopted by companies operating in the global cocoa market, as highlighted in a new report published by Future Market Insights. The report titled “Cocoa Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” draws upon various research methodologies to study the segmental performance of the cocoa market at a global level and also across the various regions assessed. According to Future Market Insights food and beverage analysts, leading cocoa market players are focussing on developing organic products that provide various health benefits in order to cater to the growing number of health conscious consumers in the global cocoa market. After a detailed study of the global cocoa market, our analysts have arrived at a conclusion that market companies are also striving to enhance their production capacity and are investing in structured R&D innovation to offer products that are healthy and also come in different flavours. Manufacturers are also innovating in terms of packaging to leverage opportunities arising from all consumer segments. According to the report, the market concentration of key players in the global cocoa supply chain is increasing continuously, both at the vertical as well as at the horizontal levels. Also, many cocoa and chocolate companies are entering into mergers and acquisitions in order to increase their market share across geographies.

Independent analysis of key market dynamics

Our analysts have covered seven regions across the world to obtain a clear picture of the global cocoa market size and to analyse its attractiveness. The analysts have further discussed the key regional trends contributing to the development of the cocoa market globally and have also analysed the various drivers influencing the market in the regions assessed. In the report on the global cocoa market, our analysts have presented an unprejudiced analysis of the chief drivers, challenges, and trends likely to impact the growth and performance of the global cocoa market over the forecast period. We have also studied the market performance of some of the top companies dominating the global cocoa market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. Through this report, we intend to provide report audiences with a dashboard view of the competitive landscape of the global cocoa market.

Global cocoa market segmentation

The subsequent sections analyse the global cocoa market based on nature (organic), nature (conventional) and by region, and present a forecast for the period 2016–2026. The market is segmented as follows:

By Region

By Nature

By Nature

  • North America

  • Latin America

  • Eastern Europe

  • Western Europe

  • Asia Pacific Excluding Japan (APEJ)

  • The Middle East & Africa (MEA)

  • Japan

  • Conventional

    • By Process

      • Natural

      • Dutch

    • By Product Type

      • Cocoa Powder

      • Cocoa Butter

      • Cocoa Liquor

    • By Application

      • Confectionery

      • Functional Food

      • Bakery Items

      • Beverages

      • Cosmetics

      • Pharmaceuticals

  • Organic

    • By Process

      •  Natural

      • Dutch

    • By Product Type

      • Cocoa Powder

      • Cocoa Butter

      • Cocoa Liquor

    • By Application

      • Confectionery

      • Functional Food

      • Bakery Items

      • Beverages

      • Cosmetics

      • Pharmaceuticals

A unique research methodology

We have not considered yearly change in inflation rate while forecasting market numbers. The product-wise weighted Average Selling Price (ASP) has been considered to deduce market values. Our analysts have used a top-down approach to assess market numbers for each product category and a bottom-up approach to counter-validate the reached market numbers. Macroeconomic indicators such as food industry outlook, spending on healthy food, Gross Domestic Product and others have been considered to arrive at the estimated market numbers. We have done in-depth secondary research to ascertain overall market size, top industry players, and top products. In order to conduct expert and industry interviews, Future Market Insights has formulated a detailed discussion guide, based on which our analysts have conducted personal interviews with industry experts, industry players and distributors in the global cocoa market.

Market analysis based on key growth parameters

Given the ever-fluctuating nature of the global economy, we have not only conducted our forecasts in terms of CAGR but have also analysed the global cocoa market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities likely to emerge in the global cocoa market. Another key feature of this report is the analysis of the cocoa market by region, nature (organic), nature (conventional) and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global cocoa market. Further, to understand key market segments in terms of their growth and performance in the global cocoa market, Future Market Insights has developed a unique market attractiveness index to help providers identify real market opportunities.

Table Of Content

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Organic Cocoa Market Analysis Scenario

3.1. Market Volume Analysis

3.1.1. Regional Production Outlook

3.1.2. Regional Consumption Outlook

3.1.3. Regional Production Vs. Consumption Outlook

3.1.4. Net Trade Scenario

3.2. Pricing Analysis

3.2.1. Pricing Assumptions

3.2.2. Price Projections Per Region

3.3. Market Size and Forecast

3.3.1. Market Size and Y-o-Y Growth

3.3.2. Absolute $ Opportunity

3.4. Industry Value and Supply Chain Analysis

3.4.1. Value Chain

3.4.2. Gross Profitability Margins

3.4.3. List and Role of Key Participants

3.4.3.1. Manufacturers

3.4.3.2. Distributors/Retailers

3.4.3.3. End users

3.5. Organic Vs. Conventional Cocoa Production Scenario

3.6. Key Regulations

3.7. Location Analysis

3.7.1. Top Producing Countries

3.7.2. Top Consuming Countries

3.7.3. Shift of Supply Locations in Near Term

4. Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.2.1. Supply Side

4.2.2. Demand Side

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors – Relevance and Impact

5. Global Organic Cocoa Market Analysis and Forecast, By Nature

5.1. Introduction

5.1.1. Basis Point Share (BPS) Analysis By Nature

5.1.2. Y-o-Y Growth Projections By Nature

5.2. Market Size and Forecast By Nature

5.2.1. Organic

5.2.2. Conventional

5.3. Market Attractiveness Analysis By Process type

5.4. Prominent Trends

6. Global Organic Cocoa Market Analysis and Forecast, By Process type

6.1. Introduction

6.1.1. Basis Point Share (BPS) Analysis By Process type

6.1.2. Y-o-Y Growth Projections By Process type

6.2. Market Size and Forecast By Process type

6.2.1. Natural

6.2.2. Dutch

6.3. Market Attractiveness Analysis By Process type

6.4. Prominent Trends

7. Global Organic Cocoa Market Analysis and Forecast, By Product type

7.1. Introduction

7.1.1. Basis Point Share (BPS) Analysis By Product type

7.1.2. Y-o-Y Growth Projections By Product type

7.2. Market Size and Forecast By Product type

7.2.1. Cocoa Powder

7.2.2. Cocoa Butter

7.2.3. Cocoa Liquor

7.2.4. Cocoa Beans

7.3. Market Attractiveness Analysis By Product type

7.4. Prominent Trends

8. Global Organic Cocoa Market Analysis and Forecast, By Application

8.1. Introduction

8.1.1. Basis Point Share (BPS) Analysis By Application

8.1.2. Y-o-Y Growth Projections By Application

8.2. Market Size and Forecast By Application

8.2.1. Confectionery

8.2.2. Functional Food

8.2.3. Bakery Items

8.2.4. Pharmaceutical

8.2.5. Cosmetics

8.2.6. Beverages

8.3. Market Attractiveness Analysis By Application

8.4. Prominent Trends

9. Global Organic Cocoa Market Analysis and Forecast, By Region

9.1. Introduction

9.1.1. Basis Point Share (BPS) Analysis By Region

9.1.2. Y-o-Y Growth Projections By Region

9.2. Market Size and Forecast By Region

9.2.1. North America

9.2.2. Western Europe

9.2.3. Asia Pacific Excl. Japan (APEJ)

9.2.4. Latin America

9.2.5. Eastern Europe

9.2.6. Middle East and Africa (MEA)

9.2.7. Japan

9.3. Market Attractiveness Analysis By Region

10. North America Organic Cocoa Market Analysis and Forecast

10.1. Introduction

10.1.1. Basis Point Share (BPS) Analysis By Country

10.1.2. Y-o-Y Growth Projections By Country

10.1.3. Key Regulations

10.2. Market Size and Forecast By Country

10.2.1. U.S.

10.2.2. Canada

10.3. Market Size and Forecast By Nature

10.3.1. Organic

10.3.2. Conventional

10.4. Market Size and Forecast By Process

10.4.1. Natural

10.4.2. Dutch

10.5. Market Size and Forecast By Product type

10.5.1. Cocoa Powder

10.5.2. Cocoa Butter

10.5.3. Cocoa Liquor

10.5.4. Cocoa Beans

10.6. Market Size and Forecast By Application

10.6.1. Confectionery

10.6.2. Functional Food

10.6.3. Bakery Items

10.6.4. Pharmaceutical

10.6.5. Cosmetics

10.6.6. Beverages

10.7. Market Attractiveness Analysis

10.7.1. By Country

10.7.2. By Nature

10.7.3. By Process

10.7.4. By Product type

10.7.5. By Application

10.8. Prominent Trends

10.9. Drivers and Restraints: Impact Analysis

11. Western Europe Organic Cocoa Market Analysis and Forecast

11.1. Introduction

11.1.1. Basis Point Share (BPS) Analysis By Country

11.1.2. Y-o-Y Growth Projections By Country

11.1.3. Key Regulations

11.2. Market Size and Forecast By Country

11.2.1. Germany

11.2.2. France

11.2.3. Italy

11.2.4. Spain

11.2.5. U.K.

11.2.6. BENELUX

11.2.7. Rest of Western Europe

11.3. Market Size and Forecast By Nature

11.3.1. Organic

11.3.2. Conventional

11.4. Market Size and Forecast By Process

11.4.1. Natural

11.4.2. Dutch

11.5. Market Size and Forecast By Product type

11.5.1. Cocoa Powder

11.5.2. Cocoa Butter

11.5.3. Cocoa Liquor

11.5.4. Cocoa Beans

11.6. Market Size and Forecast By Application

11.6.1. Confectionery

11.6.2. Functional Food

11.6.3. Bakery Items

11.6.4. Pharmaceutical

11.6.5. Cosmetics

11.6.6. Beverages

11.7. Market Attractiveness Analysis

11.7.1. By Country

11.7.2. By Nature

11.7.3. By Process

11.7.4. By Product type

11.7.5. By Application

11.8. Prominent Trends

11.9. Drivers and Restraints: Impact Analysis

12. Asia Pacific Excl. Japan (APEJ) Organic Cocoa Market Analysis and Forecast

12.1. Introduction

12.1.1. Basis Point Share (BPS) Analysis By Country

12.1.2. Y-o-Y Growth Projections By Country

12.1.3. Key Regulations

12.2. Market Size and Forecast By Country

12.2.1. China

12.2.2. India

12.2.3. ASEAN

12.2.4. Australia and New Zealand

12.2.5. Rest of APEJ

12.3. Market Size and Forecast By Nature

12.3.1. Organic

12.3.2. Conventional

12.4. Market Size and Forecast By Process

12.4.1. Natural

12.4.2. Dutch

12.5. Market Size and Forecast By Product type

12.5.1. Cocoa Powder

12.5.2. Cocoa Butter

12.5.3. Cocoa Liquor

12.5.4. Cocoa Beans

12.6. Market Size and Forecast By Application

12.6.1. Confectionery

12.6.2. Functional Food

12.6.3. Bakery Items

12.6.4. Pharmaceutical

12.6.5. Cosmetics

12.6.6. Beverages

12.7. Market Attractiveness Analysis

12.7.1. By Country

12.7.2. By Nature

12.7.3. By Process

12.7.4. By Product type

12.7.5. By Application

12.8. Prominent Trends

12.9. Drivers and Restraints: Impact Analysis

13. Latin America Organic Cocoa Market Analysis and Forecast

13.1. Introduction

13.1.1. Basis Point Share (BPS) Analysis By Country

13.1.2. Y-o-Y Growth Projections By Country

13.1.3. Key Regulations

13.2. Market Size and Forecast By Country

13.2.1. Brazil

13.2.2. Mexico

13.2.3. Rest of Latin America

13.3. Market Size and Forecast By Nature

13.3.1. Organic

13.3.2. Conventional

13.4. Market Size and Forecast By Process

13.4.1. Natural

13.4.2. Dutch

13.5. Market Size and Forecast By Product type

13.5.1. Cocoa Powder

13.5.2. Cocoa Butter

13.5.3. Cocoa Liquor

13.5.4. Cocoa Beans

13.6. Market Size and Forecast By Application

13.6.1. Confectionery

13.6.2. Functional Food

13.6.3. Bakery Items

13.6.4. Pharmaceutical

13.6.5. Cosmetics

13.6.6. Beverages

13.7. Market Attractiveness Analysis

13.7.1. By Country

13.7.2. By Nature

13.7.3. By Process

13.7.4. By Product type

13.7.5. By Application

13.8. Prominent Trends

13.9. Drivers and Restraints: Impact Analysis

14. Eastern Europe Organic Cocoa Market Analysis and Forecast

14.1. Introduction

14.1.1. Basis Point Share (BPS) Analysis By Country

14.1.2. Y-o-Y Growth Projections By Country

14.1.3. Key Regulations

14.2. Market Size and Forecast By Country

14.2.1. Russia

14.2.2. Poland

14.2.3. Rest of Eastern Europe

14.3. Market Size and Forecast By Nature

14.3.1. Organic

14.3.2. Conventional

14.4. Market Size and Forecast By Process

14.4.1. Natural

14.4.2. Dutch

14.5. Market Size and Forecast By Product type

14.5.1. Cocoa Powder

14.5.2. Cocoa Butter

14.5.3. Cocoa Liquor

14.5.4. Cocoa Beans

14.6. Market Size and Forecast By Application

14.6.1. Confectionery

14.6.2. Functional Food

14.6.3. Bakery Items

14.6.4. Pharmaceutical

14.6.5. Cosmetics

14.6.6. Beverages

14.7. Market Attractiveness Analysis

14.7.1. By Country

14.7.2. By Nature

14.7.3. By Process

14.7.4. By Product type

14.7.5. By Application

14.8. Prominent Trends

14.9. Drivers and Restraints: Impact Analysis

15. Middle East and Africa Organic Cocoa Market Analysis and Forecast

15.1. Introduction

15.1.1. Basis Point Share (BPS) Analysis By Country

15.1.2. Y-o-Y Growth Projections By Country

15.1.3. Key Regulations

15.2. Market Size and Forecast By Country

15.2.1. GCC countries

15.2.2. Other Middle East

15.2.3. North Africa

15.2.4. South Africa

15.2.5. Rest of Africa

15.3. Market Size and Forecast By Nature

15.3.1. Organic

15.3.2. Conventional

15.4. Market Size and Forecast By Process

15.4.1. Natural

15.4.2. Dutch

15.5. Market Size and Forecast By Product type

15.5.1. Cocoa Powder

15.5.2. Cocoa Butter

15.5.3. Cocoa Liquor

15.5.4. Cocoa Beans

15.6. Market Size and Forecast By Application

15.6.1. Confectionery

15.6.2. Functional Food

15.6.3. Bakery Items

15.6.4. Pharmaceutical

15.6.5. Cosmetics

15.6.6. Beverages

15.7. Market Attractiveness Analysis

15.7.1. By Country

15.7.2. By Nature

15.7.3. By Process

15.7.4. By Product type

15.7.5. By Application

 15.8. Prominent Trends

15.9. Drivers and Restraints: Impact Analysis

16. Japan Organic Cocoa Market Analysis and Forecast

16.1. Introduction

16.1.1. Key Regulations

16.2. Market Size and Forecast By Nature

16.2.1. Organic

16.2.2. Conventional

16.3. Market Size and Forecast By Process

16.3.1. Natural

16.3.2. Dutch

16.4. Market Size and Forecast By Product type

16.4.1. Cocoa Powder

16.4.2. Cocoa Butter

16.4.3. Cocoa Liquor

16.4.4. Cocoa Beans

16.5. Market Size and Forecast By Application

16.5.1. Confectionery

16.5.2. Functional Food

16.5.3. Bakery Items

16.5.4. Pharmaceutical

16.5.5. Cosmetics

16.5.6. Beverages

16.6. Market Attractiveness Analysis

16.6.1. By Country

16.6.2. By Nature

16.6.3. By Process

16.6.4. By Product type

16.6.5. By Application

16.7. Prominent Trends

16.8. Drivers and Restraints: Impact Analysis

17. Competition Landscape

17.1. Competition Dashboard

17.2. Company Profiles (Details–Overview, Product Offerings, Financials, Strategy, Recent Developments

17.2.1. Barry Callebaut

17.2.2. Cocoa Processing Company

17.2.3. Nestle

17.2.4. ADM

17.2.5. Puratos Group

17.2.6. Cemoi

17.2.7. Mars, Inc.

17.2.8. Bloomer Chocolate

17.2.9. Cargill, Inc.

17.2.10. Meji Holdings

17.2.11. Carlyle Cocoa

17.2.12. Jindal Cocoa

17.2.13. United Cocoa Processor, Inc

18. Assumptions and Acronyms Used

19. Research Methodology

List of Tables

Table 1: Global Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 2: Global Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 3: Global Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 4: Global Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 5: Global Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 6: Global Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 7: Global Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 8: Global Cocoa Market Value (US$ Mn) Forecast, By Region, 2015–2026

Table 9: North America Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 10: North America Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 11: Global Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 12: North America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 13: North America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 14: Global Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 15: North America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 16: North America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 17: Latin America Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 18: Latin America Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 19: Latin America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 20: Latin America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 21: Latin America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 22: Latin America Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 23: Latin America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 24: Latin America Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 25: Western Europe Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 26: Western Europe Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 27: Western Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 28: Western Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 29: Western Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 30: Western Europe Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 31: Western Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 32: Western Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 33: Eastern Europe Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 34: Eastern Europe Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 35: Eastern Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 36: Eastern Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 37: Eastern Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 38: Eastern Europe Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 39: Eastern Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 40: Eastern Europe Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 41: APEJ Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 42: APEJ Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 43: APEJ Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 44: APEJ Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 45: APEJ Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 46: APEJ Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 47: APEJ Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 48: APEJ Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 49: MEA Cocoa Market Value (US$ Mn) Forecast, By Country, 2015–2026

Table 50: MEA Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 51: MEA Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 52: MEA Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 53: MEA Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 54: MEA Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 55: MEA Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 56: MEA Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 57: Japan Cocoa Market Value (US$ Mn) Forecast, By Nature, 2015–2026

Table 58: Japan Organic Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 59: Japan Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 60: Japan Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

Table 61: Japan Conventional Cocoa Segment Value (US$ Mn) and Forecast, By Process Type, 2015–2026

Table 62: Japan Organic Cocoa Segment Value (US$ Mn) and Forecast, By Product Type, 2015–2026

Table 63: Japan Organic Cocoa Segment Value (US$ Mn) and Forecast, By Application, 2015–2026

List of Figures

Figure 1 : Global Cocoa Market Value (US$ Mn) Forecast, 2015–2021 & 2026

Figure 2 : Global Cocoa Market Value Absolute $ Opportunity, 2015–2026

Figure 3: Global Cocoa Market Value Share and BPS Analysis By Nature, 2016 & 2026

Figure 4: Global Cocoa Market Absolute $ Opportunity (US$ Mn), by Organic Segment, 2015–2026

Figure 5: Global Cocoa Market Absolute $ Opportunity (US$ Mn), by Conventional Segment, 2015–2026

Figure 6: Global Cocoa Market Attractiveness, by Nature, 2016–2026

Figure 7: Global Organic Cocoa Segment Value Share and BPS Analysis, By Process Type, 2016 & 2026

Figure 8: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Natural Sub-Segment, 2015–2026

Figure 9: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Dutch Sub-Segment,, 2015–2026

Figure 10: Global Organic Cocoa Segment Attractiveness by Process Type, 2016–2026

Figure 11: Global Organic Cocoa Segment Value Share and BPS Analysis, By Product Type, 2016 & 2026

Figure 12: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cocoa Powder Sub-Segment, 2015–2026

Figure 13: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cocoa Butter Sub-Segment,, 2015–2026

Figure 14: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Liquor Sub-Segment, 2015–2026

Figure 15: Global Organic Cocoa Segment Attractiveness by Product Type, 2016–2026

Figure 16: Global Organic Cocoa Segment Value Share and BPS Analysis, By Application, 2016 & 2026

Figure 17: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Confectionery Sub-Segment, 2015–2026

Figure 18: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Functional Food Sub-Segment,, 2015–2026

Figure 19: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Bakery Items Sub-Segment, 2015–2026

Figure 20: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Beverages Sub-Segment,, 2015–2026

Figure 21: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cosmetics Sub-Segment, 2015–2026

Figure 22: Global Organic Cocoa Segment Absolute $ Opportunity (US$ Mn), by Pharmaceutical Sub-Segment,, 2015–2026

Figure 23: Global Organic Cocoa Segment Attractiveness by Application, 2016–2026

Figure 24: Global Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type, 2016 & 2026

Figure 25: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Natural Sub-Segment, 2015–2026

Figure 26: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Dutch Sub-Segment,, 2015–2026

Figure 27: Global Conventional Cocoa Segment Attractiveness by Process Type, 2016–2026

Figure 28: Global Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type, 2016 & 2026

Figure 29: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cocoa Powder Sub-Segment, 2015–2026

Figure 30: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cocoa Butter Sub-Segment,, 2015–2026

Figure 31: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Liquor Sub-Segment, 2015–2026

Figure 32: Global Organic Cocoa Segment Attractiveness by Product Type, 2016–2026

Figure 33: Global Conventional Cocoa Segment Value Share and BPS Analysis, By Application, 2016 & 2026

Figure 34: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Confectionery Sub-Segment, 2015–2026

Figure 35: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Functional Food Sub-Segment,, 2015–2026

Figure 36: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Bakery Items Sub-Segment, 2015–2026

Figure 37: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Beverages Sub-Segment,, 2015–2026

Figure 38: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Cosmetics Sub-Segment, 2015–2026

Figure 39: Global Conventional Cocoa Segment Absolute $ Opportunity (US$ Mn), by Pharmaceutical Sub-Segment,, 2015–2026

Figure 40: Global Conventional Cocoa Segment Attractiveness by Application, 2016–2026

Figure 41: Global Cocoa Market Value Share and BPS Analysis By Region, 2016 & 2026

Figure 42: Global Cocoa Market Attractiveness, by Region, 2016–2026

Figure 43: North America Cocoa Market Value (US$ Mn) 2015–2026

Figure 44: North America Cocoa Market Absolute $ Opportunity (US$ Mn), 2015–2026

Figure 45: North America Cocoa Market Value Share and BPS Analysis, by Country, 2016 & 2026

Figure 46: North America Cocoa Market Value Y-o-Y Growth, by Country, 2016–2026

Figure 47: North America Cocoa Market Absolute $ Opportunity (US$ Mn), by U.S., 2015–2026

Figure 48: North America Cocoa Market Absolute $ Opportunity (US$ Mn), by Canada, 2015–2026

Figure 49: North America Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 50: North America Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 51: North America Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 52: North America Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 53: North America Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 54: North America Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 55: North America Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 56: North America Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 57: North America Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 58: North America Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 59: North America Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 60: North America Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 61: North America Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 62: North America Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 63: Latin America Cocoa Market Value (US$ Mn) 2015–2026

Figure 64: Latin America Cocoa Market Absolute $ Opportunity (US$ Mn), 2015–2026

Figure 65: Latin America Cocoa Market Value Share and BPS Analysis, by Country, 2016 & 2026

Figure 66: Latin America Cocoa Market Value Y-o-Y Growth, by Country, 2016–2026

Figure 67: Latin America Cocoa Market Absolute $ Opportunity (US$ Mn), by Brazil, 2015–2026

Figure 68: Latin America Cocoa Market Absolute $ Opportunity (US$ Mn), by Mexico, 2015–2026

Figure 69: Latin America Cocoa Market Absolute $ Opportunity (US$ Mn), by Rest of Latin America., 2015–2026

Figure 70: Latin America Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 71: Latin America Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 72: Latin America Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 73: Latin America Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 74: Latin America Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 75: Latin America Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 76: Latin America Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 77: Latin America Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 78: Latin America Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 79: Latin America Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 80: Latin America Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 81: Latin America Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 82: Latin America Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 83: Latin America Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 84: Western Europe Cocoa Market Value (US$ Mn) Forecast, 2015–2021 & 2026

Figure 85: Western Europe Cocoa Market Value Absolute $ Opportunity, 2015–2026

Figure 86: Western Europe Cocoa Market Value Share and BPS Analysis By Region, 2016 & 2026

Figure 87: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Germany, 2015–2026

Figure 88: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by France, 2015–2026

Figure 89: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Italy, 2015–2026

Figure 90: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Spain, 2015–2026

Figure 91: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by U.K., 2015–2026

Figure 92: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Switzerland, 2015–2026

Figure 93: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Benelux, 2015–2026

Figure 94: Western Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by rest of Western Europe, 2015–2026

Figure 95: Western Europe Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 96: Western Europe Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 97: Western Europe Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 98: Western Europe Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 99: Western Europe Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 100: Western Europe Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 101: Western Europe Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 102: Western Europe Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 103: Western Europe Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 104: Western Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 105: Western Europe Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 106: Western Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 107: Western Europe Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 108: Western Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 109: Eastern Europe Cocoa Market Value (US$ Mn) 2015–2026

Figure 110: Eastern Europe Cocoa Market Absolute $ Opportunity (US$ Mn), 2015–2026

Figure 111: Eastern Europe Cocoa Market Value Share and BPS Analysis, by Country, 2016 & 2026

Figure 112: Eastern Europe Cocoa Market Value Y-o-Y Growth, by Country, 2016–2026

Figure 113: Eastern Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Brazil, 2015–2026

Figure 114: Eastern Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Mexico, 2015–2026

Figure 115: Eastern Europe Cocoa Market Absolute $ Opportunity (US$ Mn), by Rest of Eastern Europe., 2015–2026

Figure 116: Eastern Europe Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 117: Eastern Europe Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 118: Eastern Europe Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 119: Eastern Europe Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 120: Eastern Europe Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 121: Eastern Europe Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 122: Eastern Europe Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 123: Eastern Europe Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 124: Eastern Europe Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 125: Eastern Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 126: Eastern Europe Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 127: Eastern Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 128: Eastern Europe Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 129: Eastern Europe Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 130: APEJ Cocoa Market Value (US$ Mn) 2015–2026

Figure 131: APEJ Cocoa Market Value Share and BPS Analysis, by Country, 2016 & 2026

Figure 132: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), 2015–2026

Figure 133: APEJ Cocoa Market Value Y-o-Y Growth, by Country, 2016–2026

Figure 134: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), by China, 2015–2026

Figure 135: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), by India, 2015–2026

Figure 136: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), by ASEAN, 2015–2026

Figure 137: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), by Australia & New Zealand , 2015–2026

Figure 138: APEJ Cocoa Market Absolute $ Opportunity (US$ Mn), by Rest of APEJ, 2015–2026

Figure 139: APEJ Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 140: APEJ Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 141: APEJ Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 142: APEJ Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 143: APEJ Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 144: APEJ Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 145: APEJ Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 146: APEJ Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 147: APEJ Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 148: APEJ Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 149: APEJ Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 150: APEJ Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 151: APEJ Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 152: APEJ Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 153: MEA Cocoa Market Value (US$ Mn) 2015–2026

Figure 154: MEA Cocoa Market Absolute $ Opportunity (US$ Mn), 2015–2026

Figure 155: MEA Cocoa Market Value Share and BPS Analysis, by Country, 2016 & 2026

Figure 156: MEA Cocoa Market Value Y-o-Y Growth, by Country, 2016–2026

Figure 157: MEA Cocoa Market Absolute $ Opportunity (US$ Mn), by GCC, 2015–2026

Figure 158: MEA Cocoa Market Absolute $ Opportunity (US$ Mn), by North Africa, 2015–2026

Figure 159: MEA Cocoa Market Absolute $ Opportunity (US$ Mn), by South Africa, 2015–2026

Figure 160: MEA Cocoa Market Absolute $ Opportunity (US$ Mn), by Rest of MEA, 2015–2026

Figure 161: MEA Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 162: MEA Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 163: MEA Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 164: MEA Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 165: MEA Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 166: MEA Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 167: MEA Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 168: MEA Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 169: MEA Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 170: MEA Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 171: MEA Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 172: MEA Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 173: MEA Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 174: MEA Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 175: Western Europe Cocoa Market Value (US$ Mn) Forecast, 2015–2021 & 2026

Figure 176: Western Europe Cocoa Market Value Absolute $ Opportunity, 2015–2026

Figure 177: Japan Cocoa Market Y-o-Y Growth By Nature, 2015–2026

Figure 178: Japan Cocoa Market Value Share and BPS Analysis, By Nature 2016 & 2026

Figure 179: Japan Organic Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 180: Japan Organic Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 181: Japan Organic Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 182: Japan Organic Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 183: Japan Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 184: Japan Organic Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026

Figure 185: Japan Conventional Cocoa Segment Y-o-Y Growth By Process Type, 2015–2026

Figure 186: Japan Conventional Cocoa Segment Value Share and BPS Analysis, By Process Type2016 & 2026

Figure 187: Japan Conventional Cocoa Segment Y-o-Y Growth By Product Type, 2015–2026

Figure 188: Japan Conventional Cocoa Segment Value Share and BPS Analysis, By Product Type2016 & 2026

Figure 189: Japan Organic Cocoa Segment Y-o-Y Growth By Application, 2015–2026

Figure 190: Japan Conventional Cocoa Segment Value Share and BPS Analysis, By Application 2016 & 2026