Cacao Beans Market Outlook (2023 to 2033)

The global cacao beans market is valued at US$ 13,603.2 million in 2023, and it is expected to expand at a CAGR of 6.9% from 2023 to 2033. Forastero cacao beans account for 4/5th of the total market revenue. According to FMI, Germany is estimated to hold more than 17.6% share of the European cacao beans market in 2022, and it is estimated to grow with a CAGR of around 2.6% in the forecast period.

Attribute Details
Global Cacao Beans Market Size (2023) US$ 13,603.2 million
Global Cacao Beans Market Projected Size (2033) US$ 26,392.2 million
Cacao Beans Market CAGR (2023 to 2033) 6.9%
Top 3 Countries Market Share 65.0%

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How Does the Global Cacao Beans Market Compare in Terms of Past Performance and Prospective Growth?

There has been an upsurge in demand for organic cacao beans, which is expected to continue over the forecast period. The benefits of organic produce are becoming increasingly popular among food consumers and manufacturers.

Currently, approximately 4.6 % of cacao beans are grown organically. There are still some difficulties in raising total production to satisfy customer demand for organic agriculture products, as it is a difficult crop to farm organically. Additionally, there has been a close relationship between the demand for cacao beans and the supply for a long time.

Rising consumer awareness of the health benefits of cacao beans is expected to propel the cacao beans market share growth during the forecast period.

What Proliferates the Share of the Cacao Beans Market?

The demand for cocoa beans as intermediaries is anticipated to increase as the chocolate business expands quickly in emerging markets like China and India. The demand for the product is expected to rise further due to the growing significance of coating in processing vegetables, fruits, and cereals for increased flavor.

Due to its beneficial effects on health, including controlling hypertension and fatigue syndrome, the substance finds use in sectors including functional food and beverage, confectionery, pharmaceuticals, and cosmetics.

Around the world, there has been an increase in demand for chocolate varieties, such as milk chocolate, brownies, and dark chocolate, which encourages the sales of cacao beans.

Additionally, the availability of chocolates in tastes like mint, vanilla, and coffee is anticipated to benefit the sales of cocoa beans worldwide. Plants that grow cocoa are prone to pests and hard weather, such as extremely dry circumstances.

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Country-wise Insights

Which Determinants are Driving the European Market for Cacao Beans?

The European cacao beans industry requires a sustainable supply and consistency of Cacao Beans with the quality attributes to fulfill our varied end-use. Multiple kinds of Cacao Beans are needed to meet the demands of a complex market for Cacao-derived products and chocolate, in which cost-effectiveness, food safety, efficiency, and consumer demands for quality and taste play important roles.

Cacao Beans must produce wholesome products that comply with European legislation and other international food safety standards. The importance of a consistently high standard in Cacao Beans cannot be overstated as the source of unique Cacao flavor and nutritional components. Chocolate sells in a highly competitive market where quality and value are critical.

This horizontal presence was accompanied by a trend of vertically integrating foreign processing and trading firms back into the source. Like those in other Cacao-producing countries, Cameroon's leading processing and exporting companies are now subsidiaries of or usually aligned with international companies involved in the global Cacao trade.

Barry Callebaut, a major chocolate manufacturer and Cacao processor based in Switzerland, owns the country's processor, Société Industrielle Camerounaise des Cacaos SA.

Netherlands Outlook

Netherlands is predicted to remain an important market, accounting for the majority of the market share in 2022. The Netherlands holds more than 21.1% market share in the European cacao beans market, which is predicted to increase at a CAGR of around 4.2% over the forecast period.

In 2022, the Netherlands is predicted to have Europe's highest share of the Cacao Beans market. Archer Daniels Midland (ADM) has acquired Usicam, one of Cameroon's biggest plants for Cacao warehousing, cleaning, drying, and other related activities, in collaboration with Singapore-listed Olam.

Why is North America expected to be the Fastest-Growing Market for Cacao Beans?

The United States dominates the North American cacao beans market, holding a significant market share of more than 85.6%. It is expected to have a CAGR of around 5.8% during the forecast period.

As consumers switch to other snack foods, the industry suffers. According to the Global Cacao Agenda 2, which has been internationally agreed upon as the road map to achieving a sustainable global cacao economy, there is a need to improve Cacao quality through better communication of industry needs, quality assessment, and post-harvest processing, as well as to "enhance food safety through the adoption of Good Agricultural Practices and wider promotion.

Category-wise Insights

Why is Forastero Predominant in the Cacao Beans Market Type Segment?

The forastero bean type is expected to dominate the type segment, holding more than 80% of the market share in 2022, and it is predicted to expand with a CAGR of around 5.3% over the forecast period.

'Forastero,' 'Criollo,' and 'Trinitario' are the three main Cacao plant varieties. Cacao beans from the 'Criollo' variety are more difficult to come by and are considered a delicacy. Criollo is also less resistant to various diseases that affect the Cacao plant, so it is only grown in a few countries. Venezuela significantly produces 'Criollo' beans (Chuao and Porcelana).

The variety 'Trinitario' (from Trinidad) is a cross between 'Criollo' and 'Forastero.' It is of higher quality than 'Forastero,' yields more, and is more disease resistant than 'Criollo.'

The flavor is an important quality criterion for cacao bean product manufacturers. The intensity of the cacao or chocolate flavor and any ancillary flavor notes are included in the flavor criterion, as is the absence of flavor defects.

Introducing Trinitario trees to replace Criollos has already resulted in averaging flavor quality. The same is true for seedlings grown in Southeast Asia and elsewhere to supply mainstream cacao with a West African flavor.

Due to more intensive agriculture and a different climatic environment, West African Amelonado, which had survived in West Africa for a hundred years or more, succumbed to Vascular Streak Dieback in Malaysia in less than twenty years.

Disease-resistant varieties developed in Malaysia to replace the Amelonado are genetically distinct and produce a range of flavor characteristics, some more pronounced than others.

Which Application is holding the maximum share in the Global Cacao Beans Market?

Among the application segment, food & beverage is expected to dominate the market, holding more than 65.6% share in 2022. It is expected to have a significant CAGR of around 5.3% over the forecast period.

Cacao products are in high demand in Europe's food industries and confectionery. Cacao is found in bars, chocolate tablets, pralines, confectionery products, and spreads. European production of such products remained relatively stable.

In 2021, Germany was the leading producer of chocolate products in Europe. Chocolate shops in the United States frequently import German chocolate products to sell alongside American chocolate brands.

Stollwerck Chocolates Company is a well-known Belgian and Swiss chocolate manufacturer. La Maison du Chocolat, Leonidas Chocolates, and Tortchen are other well-known German chocolate brands. Other top producers of chocolate products are Italy, the United Kingdom, and Belgium.

Even though the COVID-19 pandemic has impacted the chocolate market, market growth is still expected during the forecast period. Several European countries are at the top of the global chocolate exporters list. Germany, Belgium, Italy, the Netherlands, and Poland were the world's top five chocolate exporters in 2021.

Which Form is likely to Dominate the Global Cacao Beans Market?

Among the nature segment, organic is expected to dominate the market, holding more than 23.7% share in 2022. It is expected to grow with a significant CAGR of around 6.7% over the forecast period.

Cacao butter was the most important product segment, accounting for more than half of the global market share. In most cases, Cacao butter must be added to chocolate products, and the Cacao butter is already present in the chocolate liquor.

Chocolate is available in large quantities, as well as in consumer-size packages. Most European confectioners make chocolate, while others purchase it from chocolate specialists.

This product form acts as an emulsifier, extending the shelf life of chocolate and improving its creamy texture. It is also used as a fragrance stimulator and thickener in cosmetic formulations, which is the primary reason for the expanded demand for cacao beans.

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Competitive Landscape

The market has been fragmented for a long time due to various mid-sized and small competitors. Mergers and acquisitions, product innovation, and production capacity expansion are all priorities for major players. In addition, the high market competition promotes high product innovation in terms of types, rapid testing kits, marketing, etc.

For instance, In June 2021, Hershey acquired Lily's Sweets, a low-sugar chocolate manufacturer, as part of the U.S. chocolate giant's seeking to expand its product portfolio of better-for-you snacking brands. Cynthia Tice founded the company to sweeten traditional chocolate indulgences with stevia.

Barry Callebaut has upended the competitive environment of the worldwide cocoa bean market. The business just introduced the first chocolate manufactured only from cacao fruit. In the upcoming years, this aspect is anticipated to increase demand in the worldwide cocoa bean market.

Scope of the Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion for Value and MT for Volume
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa
Key Countries Covered USA, Canada, Brazil, Mexico, Chile, Peru, Argentina, Germany, Italy, France, UK, Spain, BENELUX, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC Countries, Turkey, South Africa, North Africa, and Central Africa
Key Segments Covered Bean type, Application, Nature, Product type, Voluntary Sustainability standard, and Region
Key Companies Profiled Mars Inc; Barry Callebaut AG; Cargill; Archer-Daniels-Midland (ADM); Blommer Chocolate Company; Olam International; JB Foods Ltd (JB Cacao); BT Cacao; Ecom Agroindustrial Corp. Ltd
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Global Cacao Beans Market by Category

By Bean Type:

  • Forastero
  • Trinitario
  • Criollo

By Application:

  • Food and Beverages
    • Bakery and Confectionery
    • Beverages
    • Dairy Products
    • Syrups, Toppings and Fillings
    • Other Applications
  • Pharmaceuticals
  • Cosmetic and Personal Care

By Nature:

  • Organic
  • Conventional

By Sales Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Independent Grocery Stores
    • Specialty Stores
    • Online Retail

By Product Type:

  • Cacao Powder
  • Cacao butter
  • Paste/Liquor

By Voluntary Sustainability Standard (VSS):

  • UTZ Certified
  • Rainforest Alliance
  • Fairtrade International

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

What is the Valuation of the Cacao Beans Market in 2023?

The valuation of the cacao beans market stands at US$ 13,603.2 million in 2023.

What is the Projected Size of the Cacao Beans Market by 2033?

The global cacao beans market is expected to expand to US$ 26,392.2 million by 2033.

What CAGR is Expected for the Cacao Beans Market?

The cacao beans market growth is predicted to follow a CAGR of 6.9% through 2033.

Which Country is Set to Register Exponential Growth in the Cacao Beans Market?

The United States is set to drive the cacao beans market growth, with a dominant share of over 85.6%.

Who are the Key Cacao Beans Market Players?

Prominent players in the cacao beans market include Mars Inc., Barry Callebaut AG, Cargill, Archer-Daniels-Midland, and others.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Bean Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Bean Type, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Bean Type, 2023 to 2033
        5.3.1. Forastero
        5.3.2. Trinitario
        5.3.3. Criollo
    5.4. Y-o-Y Growth Trend Analysis By Bean Type, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Bean Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
        6.3.1. Food and Beverages
            6.3.1.1. Bakery and Confectionery
            6.3.1.2. Beverages
            6.3.1.3. Dairy Products
            6.3.1.4. Syrups, Toppings and Fillings
            6.3.1.5. Other Applications
        6.3.2. Pharmaceuticals
        6.3.3. Cosmetic and Personal Care
    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2023 to 2033
        7.3.1. Organic
        7.3.2. Conventional
    7.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales Channel, 2018 to 2022
    8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales Channel, 2023 to 2033
        8.3.1. B2B
        8.3.2. B2C
            8.3.2.1. Hypermarkets/Supermarkets
            8.3.2.2. Convenience Stores
            8.3.2.3. Independent Grocery Stores
            8.3.2.4. Specialty Stores
            8.3.2.5. Online Retail
    8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
    8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
    9.1. Introduction / Key Findings
    9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022
    9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033
        9.3.1. Cacao Powder
        9.3.2. Cacao butter
        9.3.3. Paste/Liquor
    9.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
    9.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voluntary Sustainability Standard
    10.1. Introduction / Key Findings
    10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Voluntary Sustainability Standard, 2018 to 2022
    10.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Voluntary Sustainability Standard, 2023 to 2033
        10.3.1. UTZ Certified
        10.3.2. Rainforest Alliance
        10.3.3. Fairtrade International
    10.4. Y-o-Y Growth Trend Analysis By Voluntary Sustainability Standard, 2018 to 2022
    10.5. Absolute $ Opportunity Analysis By Voluntary Sustainability Standard, 2023 to 2033
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    11.1. Introduction
    11.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
    11.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
        11.3.1. North America
        11.3.2. Latin America
        11.3.3. Western Europe
        11.3.4. Eastern Europe
        11.3.5. South Asia and Pacific
        11.3.6. East Asia
        11.3.7. Middle East and Africa
    11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. USA
            12.2.1.2. Canada
        12.2.2. By Bean Type
        12.2.3. By Application
        12.2.4. By Nature
        12.2.5. By Sales Channel
        12.2.6. By Product Type
        12.2.7. By Voluntary Sustainability Standard
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Bean Type
        12.3.3. By Application
        12.3.4. By Nature
        12.3.5. By Sales Channel
        12.3.6. By Product Type
        12.3.7. By Voluntary Sustainability Standard
    12.4. Key Takeaways
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. Brazil
            13.2.1.2. Mexico
            13.2.1.3. Rest of Latin America
        13.2.2. By Bean Type
        13.2.3. By Application
        13.2.4. By Nature
        13.2.5. By Sales Channel
        13.2.6. By Product Type
        13.2.7. By Voluntary Sustainability Standard
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Bean Type
        13.3.3. By Application
        13.3.4. By Nature
        13.3.5. By Sales Channel
        13.3.6. By Product Type
        13.3.7. By Voluntary Sustainability Standard
    13.4. Key Takeaways
14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. Germany
            14.2.1.2. UK
            14.2.1.3. France
            14.2.1.4. Spain
            14.2.1.5. Italy
            14.2.1.6. Rest of Western Europe
        14.2.2. By Bean Type
        14.2.3. By Application
        14.2.4. By Nature
        14.2.5. By Sales Channel
        14.2.6. By Product Type
        14.2.7. By Voluntary Sustainability Standard
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Bean Type
        14.3.3. By Application
        14.3.4. By Nature
        14.3.5. By Sales Channel
        14.3.6. By Product Type
        14.3.7. By Voluntary Sustainability Standard
    14.4. Key Takeaways
15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. Poland
            15.2.1.2. Russia
            15.2.1.3. Czech Republic
            15.2.1.4. Romania
            15.2.1.5. Rest of Eastern Europe
        15.2.2. By Bean Type
        15.2.3. By Application
        15.2.4. By Nature
        15.2.5. By Sales Channel
        15.2.6. By Product Type
        15.2.7. By Voluntary Sustainability Standard
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Bean Type
        15.3.3. By Application
        15.3.4. By Nature
        15.3.5. By Sales Channel
        15.3.6. By Product Type
        15.3.7. By Voluntary Sustainability Standard
    15.4. Key Takeaways
16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        16.2.1. By Country
            16.2.1.1. India
            16.2.1.2. Bangladesh
            16.2.1.3. Australia
            16.2.1.4. New Zealand
            16.2.1.5. Rest of South Asia and Pacific
        16.2.2. By Bean Type
        16.2.3. By Application
        16.2.4. By Nature
        16.2.5. By Sales Channel
        16.2.6. By Product Type
        16.2.7. By Voluntary Sustainability Standard
    16.3. Market Attractiveness Analysis
        16.3.1. By Country
        16.3.2. By Bean Type
        16.3.3. By Application
        16.3.4. By Nature
        16.3.5. By Sales Channel
        16.3.6. By Product Type
        16.3.7. By Voluntary Sustainability Standard
    16.4. Key Takeaways
17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    17.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    17.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        17.2.1. By Country
            17.2.1.1. China
            17.2.1.2. Japan
            17.2.1.3. South Korea
        17.2.2. By Bean Type
        17.2.3. By Application
        17.2.4. By Nature
        17.2.5. By Sales Channel
        17.2.6. By Product Type
        17.2.7. By Voluntary Sustainability Standard
    17.3. Market Attractiveness Analysis
        17.3.1. By Country
        17.3.2. By Bean Type
        17.3.3. By Application
        17.3.4. By Nature
        17.3.5. By Sales Channel
        17.3.6. By Product Type
        17.3.7. By Voluntary Sustainability Standard
    17.4. Key Takeaways
18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    18.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
    18.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
        18.2.1. By Country
            18.2.1.1. GCC Countries
            18.2.1.2. South Africa
            18.2.1.3. Israel
            18.2.1.4. Rest of MEA
        18.2.2. By Bean Type
        18.2.3. By Application
        18.2.4. By Nature
        18.2.5. By Sales Channel
        18.2.6. By Product Type
        18.2.7. By Voluntary Sustainability Standard
    18.3. Market Attractiveness Analysis
        18.3.1. By Country
        18.3.2. By Bean Type
        18.3.3. By Application
        18.3.4. By Nature
        18.3.5. By Sales Channel
        18.3.6. By Product Type
        18.3.7. By Voluntary Sustainability Standard
    18.4. Key Takeaways
19. Key Countries Market Analysis
    19.1. USA
        19.1.1. Pricing Analysis
        19.1.2. Market Share Analysis, 2022
            19.1.2.1. By Bean Type
            19.1.2.2. By Application
            19.1.2.3. By Nature
            19.1.2.4. By Sales Channel
            19.1.2.5. By Product Type
            19.1.2.6. By Voluntary Sustainability Standard
    19.2. Canada
        19.2.1. Pricing Analysis
        19.2.2. Market Share Analysis, 2022
            19.2.2.1. By Bean Type
            19.2.2.2. By Application
            19.2.2.3. By Nature
            19.2.2.4. By Sales Channel
            19.2.2.5. By Product Type
            19.2.2.6. By Voluntary Sustainability Standard
    19.3. Brazil
        19.3.1. Pricing Analysis
        19.3.2. Market Share Analysis, 2022
            19.3.2.1. By Bean Type
            19.3.2.2. By Application
            19.3.2.3. By Nature
            19.3.2.4. By Sales Channel
            19.3.2.5. By Product Type
            19.3.2.6. By Voluntary Sustainability Standard
    19.4. Mexico
        19.4.1. Pricing Analysis
        19.4.2. Market Share Analysis, 2022
            19.4.2.1. By Bean Type
            19.4.2.2. By Application
            19.4.2.3. By Nature
            19.4.2.4. By Sales Channel
            19.4.2.5. By Product Type
            19.4.2.6. By Voluntary Sustainability Standard
    19.5. Germany
        19.5.1. Pricing Analysis
        19.5.2. Market Share Analysis, 2022
            19.5.2.1. By Bean Type
            19.5.2.2. By Application
            19.5.2.3. By Nature
            19.5.2.4. By Sales Channel
            19.5.2.5. By Product Type
            19.5.2.6. By Voluntary Sustainability Standard
    19.6. UK
        19.6.1. Pricing Analysis
        19.6.2. Market Share Analysis, 2022
            19.6.2.1. By Bean Type
            19.6.2.2. By Application
            19.6.2.3. By Nature
            19.6.2.4. By Sales Channel
            19.6.2.5. By Product Type
            19.6.2.6. By Voluntary Sustainability Standard
    19.7. France
        19.7.1. Pricing Analysis
        19.7.2. Market Share Analysis, 2022
            19.7.2.1. By Bean Type
            19.7.2.2. By Application
            19.7.2.3. By Nature
            19.7.2.4. By Sales Channel
            19.7.2.5. By Product Type
            19.7.2.6. By Voluntary Sustainability Standard
    19.8. Spain
        19.8.1. Pricing Analysis
        19.8.2. Market Share Analysis, 2022
            19.8.2.1. By Bean Type
            19.8.2.2. By Application
            19.8.2.3. By Nature
            19.8.2.4. By Sales Channel
            19.8.2.5. By Product Type
            19.8.2.6. By Voluntary Sustainability Standard
    19.9. Italy
        19.9.1. Pricing Analysis
        19.9.2. Market Share Analysis, 2022
            19.9.2.1. By Bean Type
            19.9.2.2. By Application
            19.9.2.3. By Nature
            19.9.2.4. By Sales Channel
            19.9.2.5. By Product Type
            19.9.2.6. By Voluntary Sustainability Standard
    19.10. Poland
        19.10.1. Pricing Analysis
        19.10.2. Market Share Analysis, 2022
            19.10.2.1. By Bean Type
            19.10.2.2. By Application
            19.10.2.3. By Nature
            19.10.2.4. By Sales Channel
            19.10.2.5. By Product Type
            19.10.2.6. By Voluntary Sustainability Standard
    19.11. Russia
        19.11.1. Pricing Analysis
        19.11.2. Market Share Analysis, 2022
            19.11.2.1. By Bean Type
            19.11.2.2. By Application
            19.11.2.3. By Nature
            19.11.2.4. By Sales Channel
            19.11.2.5. By Product Type
            19.11.2.6. By Voluntary Sustainability Standard
    19.12. Czech Republic
        19.12.1. Pricing Analysis
        19.12.2. Market Share Analysis, 2022
            19.12.2.1. By Bean Type
            19.12.2.2. By Application
            19.12.2.3. By Nature
            19.12.2.4. By Sales Channel
            19.12.2.5. By Product Type
            19.12.2.6. By Voluntary Sustainability Standard
    19.13. Romania
        19.13.1. Pricing Analysis
        19.13.2. Market Share Analysis, 2022
            19.13.2.1. By Bean Type
            19.13.2.2. By Application
            19.13.2.3. By Nature
            19.13.2.4. By Sales Channel
            19.13.2.5. By Product Type
            19.13.2.6. By Voluntary Sustainability Standard
    19.14. India
        19.14.1. Pricing Analysis
        19.14.2. Market Share Analysis, 2022
            19.14.2.1. By Bean Type
            19.14.2.2. By Application
            19.14.2.3. By Nature
            19.14.2.4. By Sales Channel
            19.14.2.5. By Product Type
            19.14.2.6. By Voluntary Sustainability Standard
    19.15. Bangladesh
        19.15.1. Pricing Analysis
        19.15.2. Market Share Analysis, 2022
            19.15.2.1. By Bean Type
            19.15.2.2. By Application
            19.15.2.3. By Nature
            19.15.2.4. By Sales Channel
            19.15.2.5. By Product Type
            19.15.2.6. By Voluntary Sustainability Standard
    19.16. Australia
        19.16.1. Pricing Analysis
        19.16.2. Market Share Analysis, 2022
            19.16.2.1. By Bean Type
            19.16.2.2. By Application
            19.16.2.3. By Nature
            19.16.2.4. By Sales Channel
            19.16.2.5. By Product Type
            19.16.2.6. By Voluntary Sustainability Standard
    19.17. New Zealand
        19.17.1. Pricing Analysis
        19.17.2. Market Share Analysis, 2022
            19.17.2.1. By Bean Type
            19.17.2.2. By Application
            19.17.2.3. By Nature
            19.17.2.4. By Sales Channel
            19.17.2.5. By Product Type
            19.17.2.6. By Voluntary Sustainability Standard
    19.18. China
        19.18.1. Pricing Analysis
        19.18.2. Market Share Analysis, 2022
            19.18.2.1. By Bean Type
            19.18.2.2. By Application
            19.18.2.3. By Nature
            19.18.2.4. By Sales Channel
            19.18.2.5. By Product Type
            19.18.2.6. By Voluntary Sustainability Standard
    19.19. Japan
        19.19.1. Pricing Analysis
        19.19.2. Market Share Analysis, 2022
            19.19.2.1. By Bean Type
            19.19.2.2. By Application
            19.19.2.3. By Nature
            19.19.2.4. By Sales Channel
            19.19.2.5. By Product Type
            19.19.2.6. By Voluntary Sustainability Standard
    19.20. South Korea
        19.20.1. Pricing Analysis
        19.20.2. Market Share Analysis, 2022
            19.20.2.1. By Bean Type
            19.20.2.2. By Application
            19.20.2.3. By Nature
            19.20.2.4. By Sales Channel
            19.20.2.5. By Product Type
            19.20.2.6. By Voluntary Sustainability Standard
    19.21. GCC Countries
        19.21.1. Pricing Analysis
        19.21.2. Market Share Analysis, 2022
            19.21.2.1. By Bean Type
            19.21.2.2. By Application
            19.21.2.3. By Nature
            19.21.2.4. By Sales Channel
            19.21.2.5. By Product Type
            19.21.2.6. By Voluntary Sustainability Standard
    19.22. South Africa
        19.22.1. Pricing Analysis
        19.22.2. Market Share Analysis, 2022
            19.22.2.1. By Bean Type
            19.22.2.2. By Application
            19.22.2.3. By Nature
            19.22.2.4. By Sales Channel
            19.22.2.5. By Product Type
            19.22.2.6. By Voluntary Sustainability Standard
    19.23. Israel
        19.23.1. Pricing Analysis
        19.23.2. Market Share Analysis, 2022
            19.23.2.1. By Bean Type
            19.23.2.2. By Application
            19.23.2.3. By Nature
            19.23.2.4. By Sales Channel
            19.23.2.5. By Product Type
            19.23.2.6. By Voluntary Sustainability Standard
20. Market Structure Analysis
    20.1. Competition Dashboard
    20.2. Competition Benchmarking
    20.3. Market Share Analysis of Top Players
        20.3.1. By Regional
        20.3.2. By Bean Type
        20.3.3. By Application
        20.3.4. By Nature
        20.3.5. By Sales Channel
        20.3.6. By Product Type
        20.3.7. By Voluntary Sustainability Standard
21. Competition Analysis
    21.1. Competition Deep Dive
        21.1.1. Mars Inc
            21.1.1.1. Overview
            21.1.1.2. Product Portfolio
            21.1.1.3. Profitability by Market Segments
            21.1.1.4. Sales Footprint
            21.1.1.5. Strategy Overview
                21.1.1.5.1. Marketing Strategy
                21.1.1.5.2. Product Strategy
                21.1.1.5.3. Channel Strategy
        21.1.2. Barry Callebaut AG
            21.1.2.1. Overview
            21.1.2.2. Product Portfolio
            21.1.2.3. Profitability by Market Segments
            21.1.2.4. Sales Footprint
            21.1.2.5. Strategy Overview
                21.1.2.5.1. Marketing Strategy
                21.1.2.5.2. Product Strategy
                21.1.2.5.3. Channel Strategy
        21.1.3. Cargill
            21.1.3.1. Overview
            21.1.3.2. Product Portfolio
            21.1.3.3. Profitability by Market Segments
            21.1.3.4. Sales Footprint
            21.1.3.5. Strategy Overview
                21.1.3.5.1. Marketing Strategy
                21.1.3.5.2. Product Strategy
                21.1.3.5.3. Channel Strategy
        21.1.4. Archer-Daniels-Midland (ADM)
            21.1.4.1. Overview
            21.1.4.2. Product Portfolio
            21.1.4.3. Profitability by Market Segments
            21.1.4.4. Sales Footprint
            21.1.4.5. Strategy Overview
                21.1.4.5.1. Marketing Strategy
                21.1.4.5.2. Product Strategy
                21.1.4.5.3. Channel Strategy
        21.1.5. Blommer Chocolate Company
            21.1.5.1. Overview
            21.1.5.2. Product Portfolio
            21.1.5.3. Profitability by Market Segments
            21.1.5.4. Sales Footprint
            21.1.5.5. Strategy Overview
                21.1.5.5.1. Marketing Strategy
                21.1.5.5.2. Product Strategy
                21.1.5.5.3. Channel Strategy
        21.1.6. Olam International
            21.1.6.1. Overview
            21.1.6.2. Product Portfolio
            21.1.6.3. Profitability by Market Segments
            21.1.6.4. Sales Footprint
            21.1.6.5. Strategy Overview
                21.1.6.5.1. Marketing Strategy
                21.1.6.5.2. Product Strategy
                21.1.6.5.3. Channel Strategy
        21.1.7. JB Foods Ltd (JB Cacao)
            21.1.7.1. Overview
            21.1.7.2. Product Portfolio
            21.1.7.3. Profitability by Market Segments
            21.1.7.4. Sales Footprint
            21.1.7.5. Strategy Overview
                21.1.7.5.1. Marketing Strategy
                21.1.7.5.2. Product Strategy
                21.1.7.5.3. Channel Strategy
        21.1.8. BT Cacao
            21.1.8.1. Overview
            21.1.8.2. Product Portfolio
            21.1.8.3. Profitability by Market Segments
            21.1.8.4. Sales Footprint
            21.1.8.5. Strategy Overview
                21.1.8.5.1. Marketing Strategy
                21.1.8.5.2. Product Strategy
                21.1.8.5.3. Channel Strategy
        21.1.9. Ecom Agroindustrial Corp. Ltd
            21.1.9.1. Overview
            21.1.9.2. Product Portfolio
            21.1.9.3. Profitability by Market Segments
            21.1.9.4. Sales Footprint
            21.1.9.5. Strategy Overview
                21.1.9.5.1. Marketing Strategy
                21.1.9.5.2. Product Strategy
                21.1.9.5.3. Channel Strategy
        21.1.10. Hershey Company
            21.1.10.1. Overview
            21.1.10.2. Product Portfolio
            21.1.10.3. Profitability by Market Segments
            21.1.10.4. Sales Footprint
            21.1.10.5. Strategy Overview
                21.1.10.5.1. Marketing Strategy
                21.1.10.5.2. Product Strategy
                21.1.10.5.3. Channel Strategy
        21.1.11. Puratos Group
            21.1.11.1. Overview
            21.1.11.2. Product Portfolio
            21.1.11.3. Profitability by Market Segments
            21.1.11.4. Sales Footprint
            21.1.11.5. Strategy Overview
                21.1.11.5.1. Marketing Strategy
                21.1.11.5.2. Product Strategy
                21.1.11.5.3. Channel Strategy
22. Assumptions & Acronyms Used
23. Research Methodology
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