The global cocoa beans market size is expected to reach USD
16.32 billion by 2025 registering a CAGR of 7.3%, according to a new report by
Grand View Research, Inc. Growing popularity of cocoa beans as polyphenolic
functional ingredient on account of their health benefits, such as reduced
inflammation and risk of Cardiovascular Diseases (CVDs), better blood
circulation, and improved cholesterol levels, is projected to remain a
favorable factor. Furthermore, increasing usage of organic personal care
products due to their long-lasting skin care benefits is expected to boost the
demand for cocoa beans in the cosmetics sector, thereby driving the global
market.
Increasing usage of cocoa butter as
functional ingredient in the formulation of chocolates is also expected to be
one of the key factors augmenting market growth. In addition, new product
launches in premium categories including dark chocolate by major confectionery
firms like Mondelēz International, Inc. is projected to expand the application
scope of the product, thereby supporting market growth. On the other hand,
pharmaceuticals is expected to remain the fastest-growing application segment
with a CAGR of 8.1% from 2019 to 2025.
Browse full research report on Cocoa Beans Market: https://www.grandviewresearch.com/industry-analysis/cocoa-beans-market
Further key findings from the study suggest:
- Europe
is expected to be the second fastest-growing regional market with a CAGR
of 7.9% from 2019 to 2025
- Positive
outlook towards confectionery industry in countries including Germany,
U.K., and France on account of higher consumption of chocolate (more than
5 kg per annum) is expected to have a positive impact on the region’s
growth
- Online
channels generated a revenue of USD 1.93 billion in 2018 and is projected
to be the fastest-growing distribution channel segment from 2019 to 2025
- Rising
popularity of e-commerce portals, such as Amazon and Chocolate Alchemy,
due to increasing number of smartphone users is the key factor driving the
cocoa beans market growth
- Key
companies include The Hershey Company; Cargill, Inc.; The Barry Callebaut
Group; Puratos Group; Blommer Chocolate Company; Cemoi; Meiji Holdings
Company; United Cocoa Processor, Inc.; and Jindal Cocoa
- Manufacturers
are targeting to achieve optimum business growth by implementing
innovative strategies including new product development and significant
investments in R&D
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/cocoa-beans-market/request/rs1
Grand View Research has segmented the global cocoa beans market on
the basis of product, application, distribution channel, and region:
Cocoa Beans Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Butter
- Powder
- Liquor
Cocoa Beans Application Outlook (Revenue, USD Billion, 2015 -
2025)
- Confectionery
- Functional
Food & Beverage
- Pharmaceuticals
- Cosmetics
Cocoa Beans Distribution Channel Outlook (Revenue, USD Billion,
2015 - 2025)
- Online
- Offline
Cocoa Beans Region Outlook (Revenue, USD Billion, 2015 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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