The purpose of the report is to illustrate the state of the market of Cocoa Beans, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Theobroma, which is the Latin name for cocoa means “food of gods”. This was known as food of gods as it was a valuable crop to many South American cultures. In the early days, the Mayans made use of cocoa to create a ritual beverage which was shared among each other during marriage ceremonies and betrothal.
Due to technological advancements and change in lifestyles and cultures, cocoa beans are used for wide range of applications. This valuable crop is used in various industries such as cosmetics, food & beverage, pharmaceuticals and chocolate among others. It is basic raw material in the manufacturing of chocolate. Three types of cocoa beans exists which include criollo, forestero and trintario. Among these, Criollo accounted for major share of global cocoa beans market as it is known to be the most expensive beans and are used for various application in the market. The other two types of beans are also used in wide range of end-user industries and are projected to boost growth of cocoa beans in the market. Cocoa beans, based on product type are segmented into cocoa butter, cocoa powder and cocoa liquor. Among these cocoa butter accounted as the largest product segment in 2015 and is anticipated to retain its position in the near future. Growing demand from the chocolate industry is expected to fuel demand for cocoa butter in the market, thereby boosting growth of global cocoa beans market. Cocoa powder is in high demand from the food & beverage and cosmetic industry due to its flavor and aroma. The beneficial properties of cocoa beans have led to high demand from the end-user industries worldwide. Hence, food & beverage and cosmetic industry is expected to fuel high growth of cocoa powder in the market. Cocoa liquor is also projected to boost growth of global cocoa beans market during the forecast period from 2016 to 2022.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Cocoa Beans buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Cocoa Beans contains:
Analysis and forecast of Cocoa Beans market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Cocoa Beans market;
Assessment and forecast of Cocoa Beans market development;
Financial and business profiles of the leading companies in the Cocoa Beans industry.
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– Up to date working Cocoa Beans data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Cocoa Beans for the period 2018 to 2026
– Planned Cocoa Beans additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Cocoa Beans projects by region, key countries, and companies
– Details of major planned Cocoa Beans projects in the world up to 2026
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