The cocoa derivatives market size is expected to grow from US$ 27,807.13 million in 2022 to US$ 37,799.86 million by 2028; it is estimated to register a CAGR of 5.3% from 2022 to 2028.

Cocoa derivatives are cocoa products derived from the processing of cocoa. The types of cocoa derivatives include cocoa beans, cocoa butter, and cocoa powder. Cocoa is increasingly being used in formulating a different variety of beverages and confectionery products, such as milkshakes, cakes, croissants, and hot cocoa. The influx of cocoa-based confectioneries has increased tremendously in developed and developing economies in the last several years due to growing consumer spending on various indulgent confectioneries, particularly chocolate-based products, and the surging popularity of molded and countline chocolates. Moreover, key manufacturers are adding new chocolate types, such as dark chocolate and ruby chocolate, to their portfolio. In February 2022, Hershey’s created the limited-edition “Celebrate SHE” cocoa-based bars to commemorate all women and girls. The brand highlighted “SHE” in the center of the milk cocoa-based bar. The launch of such innovative cocoa-based confectioneries would further accelerate the cocoa derivatives market growth.

Clean-label products and growing attention toward clear labeling are the two major trends across the world. For example, companies’ claim of natural fruit/vegetable content in the product on the front side of the packaging may attract a large number of consumers. Further, manufacturers are reducing the use of chemical additives such as emulsifiers and preservatives in cocoa products. Many companies use sunflower lecithin, a healthier and cleaner ingredient in their products, which helps them meet clean-label criteria. According to the Global Clean Label Consumer Study 2019 by Ingredion, 78% of 600 consumers admitted that it is important for them to know the ingredients before purchasing a product. According to the Institute of Food Technologists Organization, in 2018, more than 50% of product launches across the world had clean labels.

Based on type, the cocoa derivatives market is segmented into cocoa butter, cocoa beans, cocoa powder, and others. The cocoa beans segment held the largest share in 2021, and the cocoa powder segment is expected to register the highest CAGR from 2022 to 2028. Cocoa beans are oval dark brownish seeds that promote healthy digestion due to their fiber content s . Although bitter, they are widely eaten raw. Nevertheless, cocoa beans are mainly ground for the production of chocolate. The fiber content helps soften bowel movements and prevent hemorrhoids, along with helping with other digestive conditions. Per serving, cocoa contains more heart-healthy flavonoids, which have been linked to improved heart health.

In terms of region, the cocoa derivatives market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, Europe held the largest share of the market. Asia Pacific is estimated to register the highest CAGR from 2022 to 2028. The market growth in the region is attributed to the increasing popularity of gourmet chocolates among Europeans. Hence, different high-end chocolate brands have extensively been looking for ways to differentiate their products, along with focusing on sourcing single-estate products. Thus, the demand for high-quality cocoa and single-origin cocoa flavors is on the rise in the region. For instance, Valrhona Inc., the world’s finest chocolate producer based in France, has been harvesting cocoa beans from Maria Trinidad Sanchez, a single-origin cocoa estate from Further, consumer inclination toward healthy living triggers the demand for superior-quality cocoa derivatives, such as cocoa butter, cocoa powder, and cocoa beans.

Olam Group Ltd, Indcre SA, Cargill Inc, Natra SA, JB Foods Ltd, Ecuakao Group Ltd, United Cocoa Processor Inc, Barry Callebaut AG, Moner Cocoa SA, and Altınmarka Gıda San ve Tic AS are among the key players operating in the cocoa derivatives market. These players engage in developing affordable and innovative products to meet the rising customer demands and expand their market share.

The overall size of the cocoa derivatives market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include VPs; business development managers; market intelligence managers; national sales managers; and external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the cocoa derivatives market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Cocoa Derivatives Market, by Type
1.3.2 Cocoa Derivatives Market, by Category
1.3.3 Cocoa Derivatives Market, by Application
1.3.4 Cocoa Derivatives Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Cocoa Derivatives Market Landscape
4.1 Market Overview
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to Substitute
4.2.4 Threat to New Entrants
4.2.5 Competitive Rivalry
4.3. EXPERT OPINIONS
4.3. ECOSYSTEM ANALYSIS
5. Cocoa Derivatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand For Cocoa-Based Confectionery
5.1.2 Utilization of Cocoa as a Sustainable Beauty Ingredient by the Cosmetic Industry
5.2 Market Restraints
5.2.1 Fluctuation in the Prices of Cocoa
5.3 Market Opportunities
5.3.1 Increasing Demand for Organic and Fairtrade Cocoa Derivatives
5.4 Future Trends
5.4.1 Rising Demand for Clean-label Products
5.5 Impact Analysis
6. Cocoa Derivatives– Global Market Analysis
6.1 Cocoa Derivatives Market Overview
6.2 Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Cocoa Derivatives Market Analysis – By Type
7.1 Overview
7.2 Cocoa Derivatives Market, By Type(2021 and 2028)
7.3 Cocoa Butter
7.3.1 Overview
7.3.2 Cocoa Butter: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cocoa Beans
7.4.1 Overview
7.4.2 Cocoa Beans: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cocoa Powder
7.5.1 Overview
7.5.2 Cocoa Powder: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
8. Cocoa Derivatives Market Analysis – By Category
8.1 Overview
8.2 Cocoa Derivatives Market, By Category (2021 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9. Cocoa Derivatives Market Analysis – By Application
9.1 Overview
9.2 Cocoa Derivatives Market, By Application (2021 and 2028)
9.3 Food & Beverages
9.3.1 Overview
9.3.2 Food & Beverages: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Bakery & Confectionery
9.3.3.1 Bakery & Confectionery: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Mn)
9.3.4 Dairy & Frozen Desserts
9.3.4.1 Dairy & Frozen Desserts: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Mn)
9.3.5 Beverages
9.3.5.1 Beverages: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Mn)
9.3.6 Others
9.3.6.1 Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Mn)

9.4 Personal Care
9.4.1 Overview
9.4.2 Personal Care: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10. Cocoa Derivatives Market – Geographic Analysis
10.1 Overview
10.2 North America: Cocoa Derivatives Market
10.2.1 North America: Cocoa Derivatives Market – Analysis and Forecast to 2028 (US$ Million)
10.2.2 North America: Cocoa Derivatives Market, by Type
10.2.3 North America: Cocoa Derivatives Market, by Category
10.2.4 North America: Cocoa Derivatives Market, by Application
10.2.5 North America: Cocoa Derivatives Market, by Key Country
10.2.5.1 US: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Cocoa Derivatives Market, by Type
10.2.5.1.2 US: Cocoa Derivatives Market, by Category
10.2.5.1.3 US: Cocoa Derivatives Market, by Application
10.2.5.2 Canada: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Cocoa Derivatives Market, by Type
10.2.5.2.2 Canada: Cocoa Derivatives Market, by Category
10.2.5.2.3 Canada: Cocoa Derivatives Market, by Application
10.2.5.3 Mexico: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Cocoa Derivatives Market, by Type
10.2.5.3.2 Mexico: Cocoa Derivatives Market, by Category
10.2.5.3.3 Mexico: Cocoa Derivatives Market, by Application
10.3 Europe: Cocoa Derivatives Market
10.3.1 Europe: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Cocoa Derivatives Market, by Type
10.3.3 Europe: Cocoa Derivatives Market, by Category
10.3.4 Europe: Cocoa Derivatives Market, by Application
10.3.5 Europe: Cocoa Derivatives Market, by Key Country
10.3.5.1 Germany: Cocoa Derivatives Market–Analysis and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Cocoa Derivatives Market, by Type
10.3.5.1.2 Germany: Cocoa Derivatives Market, by Category
10.3.5.1.3 Germany: Cocoa Derivatives Market, by Application
10.3.5.2 France: Cocoa Derivatives Market–Analysis and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Cocoa Derivatives Market, by Type
10.3.5.2.2 France: Cocoa Derivatives Market, by Category
10.3.5.2.3 France: Cocoa Derivatives Market, by Application
10.3.5.3 UK: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 UK: Cocoa Derivatives Market, by Type
10.3.5.3.2 UK: Cocoa Derivatives Market, by Category
10.3.5.3.3 UK: Cocoa Derivatives Market, by Application
10.3.5.4 Italy: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Italy: Cocoa Derivatives Market, by Type
10.3.5.4.2 Italy: Cocoa Derivatives Market, by Category
10.3.5.4.3 Italy: Cocoa Derivatives Market, by Application
10.3.5.5 Russia: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Cocoa Derivatives Market, by Type
10.3.5.5.2 Russia: Cocoa Derivatives Market, by Category
10.3.5.5.3 Russia: Cocoa Derivatives Market, by Application
10.3.5.6 Rest of Europe: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Cocoa Derivatives Market, by Type
10.3.5.6.2 Rest of Europe: Cocoa Derivatives Market, by Category
10.3.5.6.3 Rest of Europe: Cocoa Derivatives Market, by Application
10.4 Asia-Pacific: Cocoa Derivatives Market
10.4.1 Asia-Pacific: Cocoa Derivatives Market – Analysis and Forecast to 2028 (US$ Million)
10.4.2 Asia-Pacific: Cocoa Derivatives Market, by Type
10.4.3 Asia-Pacific: Cocoa Derivatives Market, by Category
10.4.4 Asia-Pacific: Cocoa Derivatives Market, by Application
10.4.5 Asia-Pacific: Cocoa Derivatives Market, by Key Country
10.4.5.1 Australia: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Cocoa Derivatives Market, by Type
10.4.5.1.2 Australia: Cocoa Derivatives Market, by Category
10.4.5.1.3 Australia: Cocoa Derivatives Market, by Application
10.4.5.2 China: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Cocoa Derivatives Market, by Type
10.4.5.2.2 China: Cocoa Derivatives Market, by Category
10.4.5.2.3 China: Cocoa Derivatives Market, by Application
10.4.5.3 India: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Cocoa Derivatives Market, by Type
10.4.5.3.2 India: Cocoa Derivatives Market, by Category
10.4.5.3.3 India: Cocoa Derivatives Market, by Application
10.4.5.4 Japan: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Cocoa Derivatives Market, by Type
10.4.5.4.2 Japan: Cocoa Derivatives Market, by Category
10.4.5.4.3 Japan: Cocoa Derivatives Market, by Application
10.4.5.5 South Korea: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Cocoa Derivatives Market, by Type
10.4.5.5.2 South Korea: Cocoa Derivatives Market, by Category
10.4.5.5.3 South Korea: Cocoa Derivatives Market, by Application
10.4.5.6 Rest of Asia-Pacific: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia-Pacific: Cocoa Derivatives Market, by Type
10.4.5.6.2 Rest of Asia-Pacific: Cocoa Derivatives Market, by Category
10.4.5.6.3 Rest of Asia-Pacific: Cocoa Derivatives Market, by Application
10.5 Middle East and Africa: Cocoa Derivatives Market
10.5.1 Middle East and Africa: Cocoa Derivatives Market – Analysis and Forecast to 2028 (US$ Million)
10.5.2 Middle East and Africa: Cocoa Derivatives Market, by Type
10.5.3 Middle East and Africa: Cocoa Derivatives Market, by Category
10.5.4 Middle East and Africa: Cocoa Derivatives Market, by Application
10.5.5 Middle East and Africa: Cocoa Derivatives Market, by Key Country
10.5.5.1 South Africa: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Cocoa Derivatives Market, by Type
10.5.5.1.2 South Africa: Cocoa Derivatives Market, by Category
10.5.5.1.3 South Africa: Cocoa Derivatives Market, by Application
10.5.5.2 Saudi Arabia: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Cocoa Derivatives Market, by Type
10.5.5.2.2 Saudi Arabia: Cocoa Derivatives Market, by Category
10.5.5.2.3 Saudi Arabia: Cocoa Derivatives Market, by Application
10.5.5.3 UAE: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Cocoa Derivatives Market, by Type
10.5.5.3.2 UAE: Cocoa Derivatives Market, by Category
10.5.5.3.3 UAE: Cocoa Derivatives Market, by Application
10.5.5.4 Rest of the Middle East and Africa: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of the Middle East and Africa: Cocoa Derivatives Market, by Type
10.5.5.4.2 Rest of the Middle East and Africa: Cocoa Derivatives Market, by Category
10.5.5.4.3 Rest of the Middle East and Africa: Cocoa Derivatives Market, by Application
10.6 South and Central America: Cocoa Derivatives Market
10.6.1 South and Central America: Cocoa Derivatives Market – Analysis and Forecast to 2028 (US$ Million)
10.6.2 South and Central America: Cocoa Derivatives Market, by Type
10.6.3 South and Central America: Cocoa Derivatives Market, by Category
10.6.4 South and Central America: Cocoa Derivatives Market, by Application
10.6.5 South and Central America: Cocoa Derivatives Market, by Key Country
10.6.5.1 Brazil: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Cocoa Derivatives Market, by Type
10.6.5.1.2 Brazil: Cocoa Derivatives Market, by Category
10.6.5.1.3 Brazil: Cocoa Derivatives Market, by Application
10.6.5.2 Argentina: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Cocoa Derivatives Market, by Type
10.6.5.2.2 Argentina: Cocoa Derivatives Market, by Category
10.6.5.2.3 Argentina: Cocoa Derivatives Market, by Application
10.6.5.3 Rest of South and Central America: Cocoa Derivatives Market –Analysis and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America: Cocoa Derivatives Market, by Type
10.6.5.3.2 Rest of South and Central America: Cocoa Derivatives Market, by Category
10.6.5.3.3 Rest of South and Central America: Cocoa Derivatives Market, by Application
11. Impact of COVID-19 Pandemic on Cocoa Derivatives Market
11.1 Overview
11.2 Impact of COVID-19 on Cocoa Derivatives Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
11.4 Europe: Impact Assessment of COVID-19 Pandemic
11.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.7 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Strategy and Business Planning
12.3 New Product Development
12.4 Expansion
12.5 Mergers and Acquisitions
13. COMPANY PROFILES
13.1 OLAM GROUP LTD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Indcre SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cargill Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Natra SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 JB Foods Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ecuakao Group Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Ecuakao Group Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Barry Callebaut AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Moner Cocoa SA
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Alt?nmarka G?da San ve Tic AS
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms

LIST OF TABLES

Table 1. Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. US Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 18. Europe Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (USD Million)
Table 19. Europe Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. Germany: Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 25. France: Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Italy Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 30. Italy Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia-Pacific Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia-Pacific Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia-Pacific Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 44. China Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. China Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 46. China Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 47. India Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 47. India Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 48. India Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Cocoa Derivatives Market, by Catgory – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of Asia-Pacific Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Asia-Pacific Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia-Pacific Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 58. Middle East and Africa Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East and Africa Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East and Africa Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 62. South Africa Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. Saudi Arabia Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of the Middle East and Africa Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of the Middle East and Africa Cocoa Derivatives Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of the Middle East and Africa Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 73. South and Central America Cocoa Derivatives Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 74. South and Central America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 75. South and Central America Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. Brazil Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 80. Argentina Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of South and Central America Cocoa Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 83. Rest of South and Central America Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South and Central America Cocoa Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 85. Glossary of Terms, Global Cocoa Derivatives Market

LIST OF FIGURES

Figure 1. Cocoa Derivatives Market Segmentation
Figure 2. Cocoa Derivatives Market Segmentation – By Geography
Figure 3. Global Cocoa Derivatives Market Overview
Figure 4. Global Cocoa Derivatives Market, By Category
Figure 5. Global Cocoa Derivatives Market, by Geography
Figure 6. Global Cocoa Derivatives Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 12. Expert Opinion
Figure 12. Ecosystem analysis
Figure 13. Global Cocoa Derivatives Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Cocoa Derivatives Market
Figure 15. Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)
Figure 17. Cocoa Butter: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Cocoa Beans: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Cocoa Powder: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Cocoa Derivatives Market Revenue Share, By Category (2021 and 2028)
Figure 21. Organic: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Conventional: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Cocoa Derivatives Market Revenue Share, By Application (2021 and 2028)
Figure 26. Food & Beverages: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Personal Care: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Global Cocoa Derivatives Market Revenue Share, by Region (2021 and 2028)
Figure 32. North America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Cocoa Derivatives Market Revenue Share, by Type (2021 and 2028)
Figure 34. North America: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 35. North America: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 36. North America: Cocoa Derivatives Market Revenue Share, by Key Country (2020 and 2028)
Figure 37. US: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Cocoa Derivatives Market Revenue Share, by Type (2021 and 2028)
Figure 42. Europe: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 43. Europe: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 44. Europe: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Cocoa Derivatives Market–Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia-Pacific: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia-Pacific: Cocoa Derivatives Market Revenue Share, by Type (2021 and 2028)
Figure 53. Asia-Pacific: Cocoa Derivatives Market Revenue Share, by Category (2020 and 2028)
Figure 54. Asia-Pacific: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 55. Asia-Pacific: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of Asia-Pacific: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East and Africa: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Middle East and Africa: Cocoa Derivatives Market Revenue Share, by Type (2021 and 2028)
Figure 64. Middle East and Africa: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 65. Middle East and Africa: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 66. Middle East and Africa: Cocoa Derivatives Market Revenue Share, By Key Country (2021 And 2028)
Figure 67. South Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of the Middle East and Africa: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. South and Central America: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. South and Central America: Cocoa Derivatives Market Revenue Share, by Type (2021 and 2028)
Figure 73. South and Central America: Cocoa Derivatives Market Revenue Share, by Category (2021 and 2028)
Figure 74. South and Central America: Cocoa Derivatives Market Revenue Share, by Application (2021 and 2028)
Figure 75. South and Central America: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 76. Brazil: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 77. Argentina: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of South and Central America: Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic on Major Countries in North America
Figure 80. Impact of COVID-19 Pandemic on Major Countries in Europe
Figure 81. Impact of COVID-19 Pandemic on Major Countries in Asia Pacific
Figure 82. Impact of COVID-19 Pandemic in Major Countries in Middle East & Africa
Figure 83. Impact of COVID-19 Pandemic on Major Countries in South and Central America

● Highlights key business priorities in order to assist companies to realign their business strategies.
● The key findings and recommendations highlight crucial progressive industry trends in the cocoa derivatives market, thereby allowing players to develop effective long-term strategies.
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
● Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

The List of Companies – Cocoa Derivatives Market
● Olam Group Ltd      
● Indcre SA    
● Cargill Inc    
● Natra SA     
● JB Foods Ltd          
● Ecuakao Group Ltd           
● United Cocoa Processor Inc          
● Barry Callebaut AG           
● Moner Cocoa SA     
● Alt?nmarka G?da San ve Tic AS

The scope of our recent study on the “Cocoa Derivatives Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Category, and Application” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.

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The cocoa derivatives market is expected to grow from US$ 27,807.13 million in 2022 to US$ 37,799.86 million by 2028; it is estimated to register a CAGR of 5.3% from 2022 to 2028.

Cocoa derivatives are cocoa products derived from the processing of cocoa. The types of cocoa derivatives include cocoa beans, cocoa butter, and cocoa powder. These derivatives are also available in organic and conventional categories. The demand for organic and Fairtrade-certified cocoa beans is growing in the global market. Consumers are inclined toward consuming safer products that help them maintain overall health. The rising interest in pesticide-free food products positively affects the demand for organically grown cocoa. According to the World of Organic Agriculture 2022 report by the Research Institute of Organic Agriculture (FiBL) and the International Federation of Organic Agriculture Movements (IFOAM), the cultivation area of organic cocoa across the world reached 3.1% in 2020. Further, Lindt & Sprüngli have indicated that their organic cocoa products sales in Europe are growing at a much faster pace than overall cocoa products sales. Thus, manufacturers are adding organic products to their portfolios to cater to the increasing demand. For instance, Barry Callebaut offers domestically produced, organic-certified, non-alkalized cocoa powder.
Based on category, the cocoa derivatives market is segmented into organic and conventional. The conventional segment held a larger market share in 2021, and the organic segment is expected to register a higher CAGR during the forecast period. Conventional cocoa farming involves the use of synthetic fertilizers, pesticides, insecticides, herbicides, and fungicides. Genetically modified organisms or genetically modified crop varieties used by these cocoa growers deliver consistent crop yields. Conventional farming involves planting these crops in full, direct sunlight, which leads to rapid crop growth and allows the growth of a larger number of plants in the given area.

The cocoa derivatives market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Europe held the largest market share in 2021, and Asia pacific is expected to register the highest CAGR during the forecast period. The market growth in the region is attributed to the increasing popularity of gourmet chocolates among Europeans. Hence, different high-end chocolate brands have extensively been looking for ways to differentiate their products, along with focusing on sourcing single-estate products. Thus, the demand for high-quality cocoa and single-origin cocoa flavors is on the rise in the region. For instance, Valrhona Inc., the world’s finest chocolate producer based in France, has been harvesting cocoa beans from Maria Trinidad Sanchez, a single-origin cocoa estate from Further, consumer inclination toward healthy living triggers the demand for superior-quality cocoa derivatives, such as cocoa butter, cocoa powder, and cocoa beans.
Impact of COVID-19 Pandemic on Cocoa Derivatives Market
The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage industry. The shutdown of manufacturing units led to disturbances in global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Moreover, the bans imposed by governments of various countries in Europe, Asia Pacific, and North America on international travel compelled companies to temporarily discontinue their collaboration and partnership plans. All these factors hampered various industries in 2020 and early 2021, thereby restraining the growth of various markets.
Changes in socioeconomic situations negatively impacted the consumption pattern of premium products in 2020. The restrictions imposed by governments of several countries in the world during the global crisis caused financial losses for farmers growing cocoa in small yet relevant cocoa-producing countries as the production surpassed the demand in the initial months of the pandemic. This led to a significant decline in the prices of cocoa. According to the International Cocoa Organization (ICCO), in New York, cocoa contract prices averaged ~US$ 2,528 per ton in January 2021, registering a 6% decrease compared to prices in the previous year (US$ 2,675 per ton). Moreover, the shutdown of facilities in the personal care, and food & beverages industries affected the performance of the cocoa derivatives market.

The report segments the cocoa derivatives market as follows:

Based on type, the cocoa derivatives market is segmented into cocoa butter, cocoa beans, cocoa powder, and others. In terms of category, the market is segmented into organic and conventional. The cocoa derivatives market, by application, is segmented into food and beverages, personal care, and others. Based on geography, the cocoa derivatives market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America