Global Cocoa Products Market Analysis
According to Ozone Market Reports, Global Cocoa Products Market was valued at USD 22.89 Billion in 2018 and is projected to reach USD 31.24 Billion by 2026, growing at a CAGR of 4.01 % from 2019 to 2026.
What are Cocoa Products?
Cocoa is prepared from the cocoa beans. It is a highly concentrated powder and used in beverages and as a flavouring ingredient. It is the key ingredient in chocolate and chocolate confections., cocoa powders, chocolate liquor, and blends are product forms of cocoa, used to add flavour to various food products such as syrups, toppings, chocolate milk, prepared cake mixes, and pharmaceuticals or the types of cookies, cakes, ice-cream, and cosmetics.
Global Cocoa Products Market Outlook
The increasing production of confectionery syrup and chocolates will drive demand in the global cocoa product market. In addition, higher levels of disposable income, improved retail distribution channels and the growing availability of international brands and the use of cocoa in snack food categories like sweet biscuit and other are predicted to contribute significantly is further boosting the growth of cocoa products market. Cocoa for the production of various food products and cosmetics scrubs, ointments, creams, facial masks, face toner, and lotions is expected to remain high.
Global Cocoa Products Market Competitive Landscape
The “Global Cocoa Products Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cargill, Ciranda, FUJI OIL CO., LTD., Guan Chong Berhad (GCB), Puratos Group, The Hershey Company, Touton S.A, Tradin Organic, and United Cocoa Processor. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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