Organic Cocoa Market Report - A Latest Research Report to Share Market Insights 2027
According to the latest report published by Market Research Future
(MRFR), the global market size of organic
cocoa is likely to grow to USD 585
Mn by the year 585 Mn. This also indicates towards a strong growth of the
market over the next couple of years. Organic cocoa-based food variants have
expanded dramatically over the recent years and the trend is likely to gain
further momentum in the forthcoming years. Modern consumers, especially
millennials display a highly positive sentiment towards organic ingredients,
which is partly supporting the growth of the market. The demand for premium
grade chocolate products is on the rise, which is having a positive influence
on the global sales of organic chocolate. Consumption of beverages and
functional food prepared with organic ingredient is picking up steams
worldwide, which in turn is prompting food brands to increase their focus on
organic variants.
Market Research Future (MRFR) in its report offers a detailed segmental
analysis of the global organic
cocoa market based on application and region. By application, the market
has been segmented into functional food & beverages, pharmaceuticals,
bakery & confectionery, personal care products and others. The bakery and
confectionery segment is expected to account for the largest share of the
market during the forecast period. Use of organic chocolate in confectionary
and bakery products has continued to grow over the years owing to their
increasing demand from consumers. As consumers become more health conscious,
brands are shifting their attention towards chemical-free healthy ingredients
such as organic cocoa. The bakery and confectionery segment currently holds
more than one-third market share and is expected to exhibit a healthy growth
over 2022. The functional food & beverage segment holds the second spot and
will remain highly profitable in 2018 and beyond.
By region, the market has been segmented into Americas, Africa and the rest
of the world (RoW). The market for organic cocoa in the Americas is expected to
remain highly lucrative over the next couple of years. Increased level of
health awareness among Americans has led to an increased demand for organic
food products, which characterizes the exemplary of the growth of the market in
the region. Countries such as the U.S. and Canada remain the top investment
destination for market players. By the years 2022, the market in the Americas
is expected to reach a valuation of over USD 400 Mn, reflecting a strong
growth. Africa is also likely to remain an important organic cocoa market. Over
the next four years, the Africa organic cocoa market is project to witness an
impressive growth. Africa is a major supplier of cocoa, which puts it in a
strong position in the global organic cocoa market.
Access Report @ https://www.marketresearchfuture.com/reports/organic-cocoa-market-4161
Key Players
Key companies operating in the global organic cocoa market include BT Cocoa (Indonesia), Conacado
Agroindustrial S.A.(Dominican Republic), Blommer chocolate company (U.S.),
Tradin Organic Agriculture B.V. (U.S.), Olam Limited (Uganda), Mars Inc.
(U.S.) and Barry Callebaut AG (Switzerland).
Latest Industry News
- The
Food and Agriculture Organization (FAO) is reportedly backing farmers in
Bolivia to produce sustainable cocoa. The UN agency has extended its
support to a cooperative formed by 1,3000 cocoa producers in Bolivia. This
association between the FAO and cooperative is allowing cocoa producers in
the country gain technical support and quicker access to the international
market.
- Leading cocoa producer Barry Callebaut has
recently reaffirmed its ties with FlavaNaturals, a health-focused
chocolate brand to increase its flavanol-based product offering for the US
market. Both the companies are in collaboration for over three years now.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on
Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
for More Details.
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