Cocoa Market Share, Size, Emerging Growth and Analysis 2016

Technavio Announces the Publication of its Research Report Global Cocoa Market 2016-2020

Technavio recognizes the following companies as the key players in the global cocoa market: Archer Daniels Midland, Barry Callebaut, Blommer Chocolate Company, Cargill, Cocoa Processing Company, and Olam International.

Other Prominent Vendors in the market are: CEMOI, Daarnhouwer, Dutch Cocoa, Newtown Foods, Puratos, The Hershey Company, and United Cocoa Processor.

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Commenting on the report, an analyst from Technavios team said: Rising demand for dark chocolates will be a key trend for market growth. Dark chocolates contain flavonoids, compounds that play the role of antioxidants. Flavonoids are useful in protecting cells from harmful molecules known as free radicals. They also lower blood pressure and reduce bad cholesterol, i.e., low-density lipoprotein (LDL) cholesterol, by about 10%. Dark chocolate has attracted health-conscious consumers, and the sales of dark chocolate are increasing significantly worldwide, but particularly so in the US, China, the UK, Russia, and Brazil.”

According to the report, one of the key drivers for market growth will be demand for origin-specific cocoa. The use of origin-specific cocoa, which is made from high-quality cocoa beans obtained from one specific region, has seen increased demand over the last few years. Mondel?z International's Cadbury Bournville emphasizes that the rich cocoa of this fine dark chocolate comes from villages in Ghana. This kind of origin-specific production can reach the emotional touchpoints of consumers.

Further, the report states that fluctuating cocoa prices will be a challenge for the market. Cocoa prices have been fluctuating for the past decade. The cocoa prices depend heavily on growing conditions and can vary significantly from month to month. The volatile price of cocoa makes chocolate...