Cocoa & Chocolate is the purer form of the chocolate. Chocolate has two main components; one is cocoa solids and the other is cocoa butter. The flavor comes from the cocoa solids and the rich texture comes from the cocoa butter. Chocolate and cocoa have always been the leading and richest flavor in the bakery, confectionary and beverage industry. Cocoa & Chocolate rich and creamy texture of chocolate comes from the cocoa butter making it as important as chocolate.
Players Covered in Cocoa & Chocolate Market are:
ADM, Cargill, Barry Callebaut, Plot Ghana, Dutch Cocoa, Cocoa Processing Company Limited, Indcresa, Blommer, JB Foods Limited, Bunge, United Cocoa Processor Inc, Cemoi, Euromar Commodities GmbH, Nestle, Olam, Dandelion Chocolate, Fuji Oil, Guittard Chocolate, Mondelez, Puratos, IRCA, Wuxi Huadong, Shanghai Golden Mongkey, Changzhou Xianger, Qingdao Jiana, Shanghai Najia, Shaoxing Qili Xingguang, Jiangsu Linzhi Shangyang
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Cocoa is the plant material obtained by fermenting, drying, and processing cocoa beans. Chocolate is a solid food that is created by combining cocoa liquor, cocoa butter, and sugar. Chocolate is available in many different flavours, including raw, semi-sweet, sweet, dark, milk, white, and compound. Because of the robust growth trajectory of the global chocolate confectionery industry, the market is exhibiting progressive growth.
Segmentation Analysis of The Cocoa & Chocolate Market
Based on the type, the global cocoa and chocolate market is segmented into dark chocolate, milk chocolate, filled chocolate, and white chocolate. The filled segment is expected to be the fastest growing segment during the forecast period. Key demographics' increased indulgence in multi-flavoured chocolate consumption, as well as market players experimenting with developing novel types of filled chocolates such as truffles and bon-bon, are expected to cater to the surge in demand for filled chocolate and drive the segment's growth.
By Type
· Cocoa
· Cocoa Powder
· Cocoa Butter
· Cocoa Liquor
· Others
Chocolate
· Dark Chocolate
· White Chocolate
· Milk Chocolate
· Filled Chocolate
By Application
· Food & Beverages and Confectionary
· Cosmetics
· Pharmaceuticals
· Others
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On the basis of cocoa ingredients, the global cocoa and chocolate market is differentiated into butter, liquor, and powder. The increasing use of cocoa butter in the cosmetic industry for the development of skin care and food products, as well as the growing demand for natural cosmetics among key consumers, are the factors driving the cocoa butter market.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Europe had the largest market share in the cocoa and chocolate market, and this is expected to continue throughout the projected period. Because many of the major industrial chocolate producers are based in Switzerland, Belgium, the Netherlands, and Germany, Europe has become a hub for industrial chocolate production.
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