COCOA MARKET ANALYSIS

Cocoa Market, By Nature (Organic and Conventional), By Process (Natural and Dutch), By Product Type (Cocoa Beans Powder, Cocoa Beans Butter, and Cocoa Beans Liquor), By Application (Confectioner, Functional Food, Bakery Items, Beverages, and Cosmetics), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Recent Developments:

In November 2022, Niche Cocoa Industry announced the expansion of its manufacturing facility in Franklin, Wisconsin. The development will also improve the company's presence in the U.S Niche Cocoa Industry, the largest privately operated Cocoa processing company in Ghana, announced the establishment of its first North American manufacturing facility in Franklin, Wisconsin. The company plans to lease an existing 44,000-square foot building in Franklin Business Park, where it will import Cocoa cake to be pulverized into Cocoa powder for nationwide distribution.
In March 2022, Crunchy Cookie Chocolate Spread was launched by Hershey India Pvt Ltd as an expansion of the existing Hershey's chocolate spread, which is available in flavors such as Cocoa with almond and Cocoa. Hershey India Pvt Ltd is a subsidiary of The Hershey Company, a well-established and renowned global producer of chocolates and confectionery. The Indian subsidiary, Hershey India Private Limited, was founded in 2013 and is engaged in the manufacturing of flavoring extracts, syrups, and powders. The company's product line includes a variety of chocolate and Cocoa-based products, catering to the diverse preferences of consumers.