Some of the Key Players in the Global Organic Cocoa Market are
- Kraft Foods Inc. (U.S.)
- Cargill, Incorporated (U.S.)
- Tradin Organic Agriculture B.V. (Netherlands)
- Ciranda (U.S.)
- PASCHA Chocolate (Ontario)
- Artisan Confections Company (U.S.)
- Barry Callebaut (Switzerland)
The demand for organic cocoa has pushed manufacturers to innovate and develop the new product lines, which are better in taste and offers various health benefits.
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Cocoa is a fatty bean obtained from the plant Theobroma cocoa. It is dried & fermented and then processed further to extract cocoa powder, cocoa butter, cocoa paste, cocoa beans, and others. The demand for cocoa is increasing due to its use in chocolate production. criollo, trinitario, and forastero are three common plant from which the cocoa is derived. Organic cocoa represents a very small share of the total cocoa market, however, the demand for organic cocoa products is growing at a very strong pace. Organic cocoa contains many nutrient such as more fiber, iron, magnesium, copper, manganese and many other minerals. Moreover, it contains antioxidants, which helps provide various health benefits such as protects skin, improves blood flow, and lowers blood pressure as well as consumers suffering from cardiovascular problems. Nutritional attributes and increasing health awareness are expected to remain the key growth drivers of the organic cocoa market over the forecasted period.
The growth of organic cocoa market is increasing due to the growing consumer awareness and their increasing interest in healthy lifestyle. In addition to the changing lifestyle, the growing demand for natural and dietary food, beverages, confectionery, and others is expected to drive the organic cocoa market. The global organic cocoa market is projected to propel by the increasing awareness regarding available health benefits such as protecting skin, improving blood flow, lowering blood pressure as well as curing cardiovascular problems. Increased awareness about the organic cocoa has raised the bar for quality, which, in turn, has increased the market share of organic cocoa globally. Mass market penetration is leading to the introduction of new products based on organic cocoa and their retail across various regions. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fueled the share of organic cocoa in the global market. High nutritional benefits obtained from organic cocoa are also supports the sale of organic cocoa. Additionally, the enhancement of the product development coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the organic cocoa market during the forecast period 2017-2023.
Downstream Market Analysis
Globalization and urbanization are major driving factors of this market. Furthermore, the popularity of organic cocoa and involvement of nutritional attributes as well as extra micronutrients are also encouraging the growth of the organic cocoa market. Rising demand for organic products is expected to play a significant role in the growth of the global organic cocoa market during the forecast period. Additionally, the enhancement in the product development coupled with the technological advancements is considered to be one of the significant reasons that will increase the growth of the organic cocoa market over the review period of 2017-2023.
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The global organic cocoa market is segmented regionally into North America, Europe, Asia Pacific, and Rest of the World (RoW). Latin America is dominating the global organic cocoa production followed by the Middle East & Africa (MEA). Majority of the organic cocoa is exported to Western Europe followed by North America. The U.K and the U.S are the largest manufacturing countries of organic cocoa products in the world since organic chocolate is more popular in the U.K, the U.S and Germany; consumers from those countries owe a significant inclination towards organic chocolates. North America, Asia Pacific, and the Middle East have been exhibiting maximum consumption and production of cocoa products. However, Europe is expected to dominate the global cocoa market in terms of consumption growth in the global organic cocoa market over the forecast period 2017-2023.
The Global Organic Cocoa Market is segmented by product type, application, distribution channel, and region.
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