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)

Global Cocoa Market- Regional Insights

Europe is expected to be the largest market for the cocoa. It accounted for 43% of the market share in 2023. The market growth in Europe can be attributed to increasing demand for cocoa in countries such as France, Germany, the Netherlands, and Russia.
Asia Pacific accounted for 27% of the market share in 2023. The market growth in Asia Pacific can be attributed to rising consumption of chocolates in countries such as India and China, and the increasing emphasis on producing high-quality cocoa in the region.
North America is accounted for 15% market share in 2023. The market growth in North America can be attributed to increasing demand for chocolate in North America, which is a key factor enhancing the growth of the cocoa market in the region.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, and Mexico
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, and Rest of Middle East