Chocolate Confectionery Industry to Drive Global Cacao Beans Market Forward from 2020 to 2030, Notes TMR

· Increase in chocolate consumption in bakery goods, confectionary to be a leading growth factor

· A sturdy CAGR of 7% to generate a slew of growth opportunities for global cacao beans market players

· Europe to be significant regional market over the forecast period- owing to notable consumption of cocoa in the region

News provided by

Transparency Market Research

May 20, 2020, 08:30 ET

ALBANY, New York, May 20, 2020 /PRNewswire/ -- The global cacao beans market is set to grow at a rate of about 7% from 2020 to 2030. This would translate into an increase in market worth from about USD 10 billion in 2020 to about USD 20 billion by the end of the forecast period. It is significant to note here that a number of factors would keep the market buoyant.

As per Transparency Market Research, "Rising chocolate production and consumption is a major factor of growth in the market. However, increase in obesity and heart diseases is leading people to look for healthier alternatives. This is why nutritional chocolate bars are set to witness a notable growth in demand over the forecast period – propelling growth in global cacao beans market."

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Key Findings of Global Cacao Beans Market Study:

Forastero cocoa beans to account for a sizeable share of the overall market growth over the forecast period
Food and beverages industry to be the most significant end-user (applications) in the global cacao beans market
Europe holds about 43% global market share, South Asia and MEA holds about 17% and 16%, respectively

Explore the latest study on Cacao Beans Market (Product Type: Forastero, Criollo, and Trinitario; End-use Application: Food & Beverages [Bakery & Confectionery, Beverages, Dairy Products, Syrup, Toppings, and Fillings, and Other Applications], Pharmaceuticals, Cosmetic & Personal Care, Pet Food, Household/Retail, and HoReCa/Foodservices; and Distribution Channel: B2B, B2C [Hypermarkets/Supermarkets, Convenience Stores, Independent Grocery Stores, and Specialty Stores], and Online Retail) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/cacao-beans-market.html

Key Drivers of Growth in Global Cacao Beans Market:

Transparency Market Research notes presence of a host of factors influencing growth in global cacao beans market. A number of prominent trends and drivers that are keeping the global cacao beans market on a high growth trajectory over the forecast period are provided below:

Increase in disposable incomes and growing health awareness is leading to consumers demanding for healthier alternatives even at a premium price
Packaging is gaining prominence in the market; spike in demand for products in traditional packaging is noted around festivals
Innovations in terms of products such as quinoa vegan bars and ruby chocolates are leading to growth in demand for cacao beans
Use of cacao in pharmaceuticals and cosmetics industry is also set to grow owing to various health benefits accrued by consumption and application, respectively

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/77268

Regional Analysis of Global Cacao Beans Market:

Europe to account for a sizeable share of the global cacao beans market over the forecast period; Asia Pacific to be second in terms of market share
Growing awareness regarding benefits of cacao beans and increase in disposable income to drive growth in Europe and Asia Pacific, respectively
Analyze global cacao beans market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitors Landscape of Global Cacao Beans Market:

The fragmented vendor's landscape of global cacao beans market is rife with notable developments. Top players marking it are Olam International Limited, Barry Callebaut AG, Theobroma B.V., Cargill Inc., Ciranda Inc., Edna Group, Dutch Cocoa B.V., Cocoa Processing Company, Kakao Berlin, Niche Cocoa Industry Ltd., Nederland SA, PT. Danora Agro Prima, India Cocoa Pvt Ltd., United Cocoa Processors Inc., and BT Cocoa, among others.

Leading players in the global cacao market are directing all efforts towards development of cocoa liquor products which are healthy as well as interesting in terms of the ever dynamic consumer palate. New variants that are hitting the market relatively frequently are gluten free chocolates and organic cocoa liquor.

Cocoa Beans Market Segmentation

Cocoa Beans Market by Product Type

Forastero
Criollo
Trinitario

Cocoa Beans Market by End-use Application

Food & Beverages

Bakery & Confectionery
Beverages
Dairy Products
Syrup, Toppings, and Fillings
Other Applications
Pharmaceuticals

Cosmetic & Personal Care
Pet Food
Household/Retail
HoReCa/Foodservices

Cocoa Beans Market by Distribution Channel

Hypermarkets/Supermarkets
Convenience Stores
Independent Grocery Stores
Specialty Stores
Online Retail

Cocoa Beans Market by Region

North America

U.S.
Canada

Latin America

Brazil
Mexico
Argentina
Ecuador
Rest of Latin America

Europe

EU-4
UK
BENELUX
Nordic
Poland
Russia
Rest of Europe

East Asia

China
Japan
South Korea

South Asia

Indonesia
India
Malaysia
Singapore
Rest of South Asia

Oceania

Australia
New Zealand
Papua New Guinea
Rest of Oceania

Middle East & Africa

Turkey
Iran
North Africa
Cote d'lvoire
Rest of MEA

Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,

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Dried Apricots Market - The global dried apricots market stand strong at an astonishing USD $ 537.7 Mn. The market is projected to hit astonishing pints by the end of 2026. The growth will be attributed to the CAGR hike of 5.3% in the period from 2018 to 2026.

Protein Ingredients Market - The protein ingredients market is favorable for growth in high demand regions such as North America and Europe. Innovations such as membrane separation technology are important milestones in dairy protein.

Vegan Cheese Market - The global vegan cheese market value was estimated to reach US$ 2.5 Bn by the end of 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the vegan cheese market is anticipated to reach ~US$ 7 Bn by 2030, at a CAGR of ~10%.

Nutrition Bars Market - The nutrition bars market players' focus remains directed toward the younger consumer base including the millennials and baby boomers. Moving forward with an extensive consumer-centric approach, nutrition bars market players are introducing products that are designed in cognition to these consumer bases and aligned with the evolutionary industry trends.

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