Pure chocolate is called cocoa. The same manufacturing process used to generate cocoa is also used to manufacture chocolate, involving the transformation of cocoa pods. However, cocoa butter is not made from chocolate. Cocoa butter is responsible for the luxurious texture and smoothness of chocolate. Part of the roasted bean pieces are processed into cocoa powder after the cocoa butter has been removed. Cocoa powder is used in most processes involved in the creation of products made with cocoa, such as ice cream, drinks, and confection fillings. Cocoa powder is typically available to customers through retail stores. Cocoa butter, cocoa fluid, and sugar are combined to create chocolate in its solid state. How much cocoa liquor is added to the finished chocolate determines how dark it is.

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Prominent Players in the global Cocoa & Chocolate Market are –

• Barry Callebaut, AG (Switzerland)
• Cargill, Inc. (U.S.)
• Olam International (Singapore)
• Fuji Oil Company Ltd. (Japan)
• ECOM Agroindustrial Corporation Ltd. (Switzerland)
• Cocoa Processing Co. Ltd. (Ghana)
• Touton S.A. (France)
• Niche Cocoa Industry Ltd. (Ghana)
• BD Associates Ghana Ltd. (Ghana)
• Mars, Inc. (USA)
• Mondelez International (USA)
• Nestlé S.A. (Switzerland)
• Hershey Company (USA)
• Ferrero Group (Italy)
• PLOT Enterprise Ghana Limited (Ghana), and Other Key Players

Growth-Related Factors
The uptake of chocolate and cocoa ingredients is thought to be aided by the rising trend of gourmet chocolate consumption in industrialized nations and the expanding use of cocoa products as dietary supplements. This, together with the growing number of people who are lactose intolerant, has prompted customers to switch to non-animal food ingredients like cocoa goods.

 The structure of the Cocoa & Chocolate Market report can be categorized into following sections:        

By Type

·         Cocoa Butter

·         Cocoa Powder

·         Cocoa Liquor

By Product

·         Traditional

·         Artificial

By Nature

·         Organic

·         Conventional

By Application

·         Confectionery

·         Food and beverages

·         Bakery

·         Pharma

·         Animal Feed

·         Others

By Distribution Channel

·         Supermarket & Hypermarkets

·         Convenience Stores

·         Online

By Region

·         North America (U.S., 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)

Section 1: scope of the report & research methodology

Section 2: key takeaways                                                                   

Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern

Section 4: market estimates and forecasts (with the base year as 2023, historic information of 2017 & 2023 and forecast from 2024 to 2032). Regional and country level estimates and forecasts for each category which are summed up to form the global market.

Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.

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Key Industry Developments in the Cocoa & Chocolate Market:

·         In April 2024, Cargill's alternative cocoa collaboration took off as cocoa prices climbed. Partnering with Voyage Foods, Cargill aimed to scale up alternatives to cocoa-based products to satisfy consumers' indulgence needs. This commercial partnership also provided food manufacturers with nut spreads formulated without nut or dairy allergens.

·         In March 2024, PROBAT acquired Royal Duyvis Wiener, significantly strengthening its position in the cocoa and chocolate sector. With the integration of Royal Duyvis Wiener, PROBAT bolstered its stance in product and process innovation, expanding its technological lead in the food processing sector. The technology transfer between the individual group members was significantly intensified to exploit synergies and create integrated solutions for cross-segment projects. The aim was to further increase market share in the global cocoa and chocolate sector.

 Chocolate Market Report Scope

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