Cocoa is one of the most widely used raw materials in the food and beverage industry. It’s a rich source of polyphenol, an antioxidant that helps lower blood pressure and prevents inflammation. Cocoa is the only material used in the production of dark chocolates. Reports have shown that the consumption of chocolates has many health benefits attributed to it. Chocolates help lower heart diseases and provide some nutritional content needed for the growth and development of the body.
The rising awareness among consumers of the health benefits of chocolate consumption is the main force fueling the growth of the organic cocoa market globally. Cocoa finds application in the pharmaceutical industry to do its antibacterial and anti-enzymatic properties, enhancing oral health. Increasing demand for coca from the food and beverage industry is slated to propel the industry over the forecast period. Besides, the increasing application of cocoa in other end-user sectors, such as the cosmetic industry and pharmaceutical industry, is projected to foster the industry’s growth during the forecast period. The global organic cocoa market is expected to record a healthy CAGR over the foreseeable period.
Organic Cocoa Market Growth Driven by Broader Shift toward Healthy
The demand for organic coca is increasing exponentially as consumers’ population is growing significantly. Developing nations such as China, Korea, India, and Japan with emerging economies are increasing the disposable income of individuals, which will augment the demand for cocoa products globally.
Consumers’ preference for quality products with high nutritional value is a strong force in improving cocoa sales. The food and beverage industry is augmenting the demand for cocoa since it is the primary product used in the production of chocolate. Consumers’ positive perception regarding the consumption of chocolate fosters the rise in demand for cocoa from the food and beverage industry.
Furthermore, the diversity in the application of cocoa in several end-user sectors is expected to fuel the growth of the organic cocoa market. The pharmaceutical industry employs cocoa services in the production of dental products needed to enhance oral health. The personal care industry also uses organic cocoa to manufacture skincare products because of consumers’ increasing demand for skincare products processed with natural ingredients. Increasing manufacturers’ focus on new products that will attract consumers towards the consumption of organic cocoa products is slated to accelerate the growth of the industry during the forecast period.
Organic Cocoa Market: Region-wise Analysis
North America will dominate the global organic cocoa market due to the growing population size of individuals consuming cocoa products. The United States is the primary market for organic cocoa in North America. The US is expected to generate about half of the total revenue incurred during the forecast period and aftermath. Besides, the growing demand for cocoa in cosmetics and personal care products is expected to fuel organic cocoa market growth. The Asia Pacific is expected to be the fastest-growing market due to the rise in demand for cocoa from the food and beverage industry. Furthermore, consumers’ changing lifestyles and increasing awareness regarding the health benefits of cocoa are projected to augment the demand for organic cocoa globally. Other regions are anticipated to record steady growth during the forecast period due to the increasing demand for organic products from the personal care industry.
Organic Cocoa Market: Competitive Landscape
- Kraft Foods Inc.
- Cargill Incorporated
- Tradin Organic Agriculture B.V.
- Ciranda, Blommer Chocolate Company
- Artisan Confections Company
- PASCHA Company
- InterNatural Foods LLC
- Wilmor Publishing Corp.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Global Organic Cocoa Market Segment Analysis
The global organic cocoa market can be segmented on the following basis:
- Cocoa Butter
- Cocoa Liquor
- Cocoa Powder
- Food and Beverages
- Personal Care
- Bakery and Confectionery
- Dairy & Frozen Foods
- Sweet & Savory Snacks
- Dips. Sauces and Dressing
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