Cocoa Infusion Market Outlook, Opportunity Analysis, And Forecast 2019–2028

COVID-19 IMPACT ANALYSIS ON GLOBAL COCOA INFUSION MARKET

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global cocoa infusion market. In addition, complete analysis of changes on the global cocoa infusion market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.

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MARKET OVERVIEW- GLOBAL COCOA INFUSION MARKET

MARKET DRIVERS

The key factor propelling the growth of cocoa infusion market is versatile applications of cocoa infusion and increase in use of chocolate drink. In different end user industry like confectionery, food & beverage, cosmetics, pharmaceuticals, the cocoa infusion has certainly gained major attention of the end user where in cakes, chocolate the cocoa infusion play a key role for flavor, taste and aroma. Furthermore, cocoa butter, powered are widely used in cosmetics for body lotions, moisturizers among others. Likewise, with the increasing population the chocolate has gained emerging rise in demand for chocolate drinks where the cocoa infusion has propelled its demand worldwide.

OPPORTUNITY FOR THE GLOBAL COCOA INFUSION MARKET

The major opportunity for cocoa infusion market is increasing production of cocoa beans globally. With the increased production in different geographic locations. Adding to that 70% of the world’s cocoa beans comes from the four West Africans countries- Ivory Coast, Ghana, Nigeria, and Cameroon. Furthermore, Europe is the world’s largest chocolate manufacturer and export market. The European cocoa market is very diverse as the European population often have demand for cocoa beans of different qualities and demand of cocoa and chocolate industry. This factors are expected to drive the market growth and create new growth opportunities for the market.

MARKET RESTRAINTS

Price fluctuations is one of the key market restraint for the market growth. With the changing environment and season the cocoa beans ideally have variation and fluctuation in prices. Besides, changing supply volumes caused by crop diseases, pest infection, and extreme weather conditions in producing countries is likely to affect the prices. Adding to that good season often produce good crops where the cocoa producing countries lead to high supply and can bring a fall in prices. This factors is expected to create new growth demand for the market.

MARKET GROWTH CHALLENGE

The key challenge faced by the market will be sustainable production, sustainable industry chain, sustainable cocoa consumption and strategic management. With the development of market these challenge can be overcome with precise utilization of strategies on cocoa infusion production market.

CUMULATIVE GROWTH ANALYSIS

The report provides in-depth analysis of global cocoa infusion market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various cocoa infusion market in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.

MARKET SEGMENTAL OVERVIEW

The global cocoa infusion market comprises of different market segment like nature, form, application, distribution channel and geography.

COCOA INFUSION MARKET BY NATURE

The different type studied in the global cocoa infusion market are organic, conventional. Organic nature is likely to have rapid demand for the cocoa infusion market. Organic nature has register the major market share in 2021 and is expected to witness growth at highest pace during the forecast period (2021-2028). Organic cocoa is ideally produced from organically grown cacao beans which are hand harvested, cold pressed and stone ground into different forms. Besides, the continuous rise in demand for cocoa infusion in end user expanding industries has propel the requirement for cocoa infusion market.

COCOA INFUSION MARKET BY FORM

The cocoa infusion market by form includes various segment like powder, beans & nibs, butter, liquor & mass. Beans & nibs followed powder are the major dominating segment in the cocoa infusion market during the estimated time period. Beans & nibs is driven by emerging growth of chocolate industry in different geographic locations. Besides, in the recent years, the demand for cocoa incorporated products is increasing owing to health benefits of cocoa beans which has fuelled the requirement for beans & nibs. The health benefits of cocoa beans such as regulations of fatigue syndrome, excellent anti-oxidant properties and reducing the impact of hypertension. Likewise, powder followed by , butter, liquor & mass are contributing healthy growth in the market.

COCOA INFUSION MARKET BY APPLICATION

The global cocoa infusion market finds its major application in confectionery, food & beverage, cosmetics, pharmaceuticals. Confectionery is the leading segment in the global cocoa infusion market. The segment has witnessed increasing demand for the market due to factors like as confectionery is one of the most diverse sector when it comes to variations in texture. It is unique as the texture and has been deliberately designed by the food technologists to meet requirement and market expectations. The cocoa infusion specifically finds its requirement for chocolate syrups, cakes, chocolate confectionaries and biscuits. The rising importance of alkalized cocoa powder as a flavor enhancer in chocolate products on account of their ability to lower the acidity and increase solubility is projected to remain a favorable factor for the growth of confectionary segment in global cocoa infusion market.

COCOA INFUSION MARKET BY DISTRIBUTION CHANNEL

The global cocoa infusion market has its distribution channel in B2B, and B2C. B2B is expected to dominate the market for cocoa infusion. Ideally business to business offers the business which is conducted between one business and another such as wholesalers and retailers. With the increasing popularity for the cocoa infusion based products in different end user has certainly propelled the demand for distribution channel like B2B. On the other hand, B2C is expected to growth at specific growth rate during the forecast period.

COCOA INFUSION MARKET BY GEOGRAPHY

The global cocoa infusion market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to gain major market share and maintain its dominance over the estimated time period. The key factor propelling the market demand are increasing demand for variety of chocolate has certainly fueled the requirement for cocoa infusion market. Furthermore, in European country, the market has gained major attention for cocoa butter and cocoa powder which has increased the requirement in distribution channel. Besides, growing new innovation, product launches in various end user has propelled the market growth. On the other hand, North America is expected to hold second position in the market. Whereas Asia Pacific is expected to witness the growth at highest pace during the estimated time period.

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of cocoa infusion market is certainly based range of market players operating in the healthcare market with increasing demand for production of cocoa infusion market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.

The key players studied in market are Agro Traders Ltd. (Nigeria), Bean & Co. (United Kingdom), NOW Health Group Inc. (US), The Hershey Company (US), Puratos Group (Belgium), Blommer Chocolate Company (US), Cargill Incorporated (US), Meiji Holdings Company, Ltd (Japan), Carlyle Cocoa (US), Jindal Cocoa (India), The Barry Callebaut Group (Switzerland), Hotel Chocolat Ltd. (UK), India Cocoa Private Limited (India), Cookwell (India), Veda oils (India), Lotus Chocolate (India) among others.

RECENT DEVELOPMENT:

September 2021: The Barry Callebaut Group which is the world’s leading manufacturer of high- quality chocolate and cocoa products had announced that it has successfully closed the acquisition of Europe Chocolate Company (ECC), a Belgian privately owned B2B manufacturer of chocolate specialties and decorations. 

July 2021: The Barry Callebaut Group, the world’s leading manufacturer of high- quality chocolate and cocoa products had announced the opening of its third factory in Russia, in special economic zone of Kaliningrad region at the Baltic Sea. The factory was acquired in September 2020, and will be operational in August 2021. The current setup of the factory will allow Barry Callebaut to produce liquid and solid compound and filling. Adding to that initially the factory will employ about 40 people thus creating new skilled jobs mainly in production, engineering and warehousing.

May 2021: The Hershey Company had announced that it has entered into a definitive agreement to acquire Lily’s the high growth, better for you (BFY) confectionery brand. Lily’s low sugar products including dark and milk chocolate style bars, baking chips, peanut butter cups and other confection products that fit Hershey’s multi-pronged better for you snacking strategy. Lily’s will add a key better for you confection brand to Hershey’s portfolio of iconic chocolate and candy favorites.

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