Cocoa is the dried
and fermented fatty bean of Theobroma cocoa, from which cocoa butter, cocoa
liquor, oil, powder and cocoa solids are extracted. It is the basic ingredient
of chocolate. There are three types of cocoa plants, namely criollo, forastero
and trinitario. Forastero is the most widely used of the three and it produces
the best quality cocoa. Cocoa products contain a high concentration of
flavonoids which have beneficial cardiovascular effects.
Growing demand for
chocolate across the world is expected to drive the demand for cocoa as it is
used in making a variety of chocolates and chocolate coatings. Dark chocolate,
white chocolate, baking chocolate and sweet chocolate are amongst the most
preferred varieties. Improved marketing strategies of cocoa and its byproducts
have made it extensively popular and attractive for consumers. . Growing usage
of chocolate and chocolate coatings in variety of food products is expected to
drive the global cocoa market in the years to come. Increasing health concern
towards high sugar content of chocolate and other cocoa containing
confectionary is expected to limit the growth of this industry. Switzerland,
Belgium, Ghana and the U.K. are among the largest producers of cocoa and its
products. Globally, Asia Pacific, North America and Middle East share
superiority in both production as well as consumption.
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Some of the players in
cocoa manufacturing include Wilbur Chocolate Company Inc., Petra Foods Limited,
Dutch Cocoa B.V, Guan Chong Cocoa Manufacturer Sdn. Bhd., Delfi Cocoa, MAJULAH
Koko Tawau Sdn Bhd, Barry Callebaut AG, Belcolade NV, AH Cacao Real Chocolate,
Blommer Chocolate Company, Ferrero S.P.A., Ghirardelli Chocolate Company,
Cargill Cocoa & Chocolate, Kraft Foods Inc., Dagoba Organic Chocolate,
Organic Commodity Products Inc., Archer Daniels Midland Company, PT. Cacao
Wangi Murni, ADM Schokinag GmbH & Co. KG, Transmar Commodity Group Ltd and
World's Finest Chocolate Inc. among others.
Download PDF: Cocoa Market
This
research report analyzes this market depending on its market segments, major geographies,
and current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
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