Vision
Value
Visibility Report Code :FB 1044
2016-2024
Global Cocoa Beans Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Executive Summary
Sample Request Global Cocoa Beans Market Share (%), By Region-2016-2024
Global Cocoa Beans Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
2016e
2017e
2018f
2019f
Source: Goldstein Research
2020f
2021f
2022f
2023f
2024f
m a S
Cocoa Beans Beverages accounted for the highest market share XX% in Global Cocoa Beans Market
In 2016,
Global Cocoa Beans Value Share (%), By Cocoa Beans Bean Type-2016
Criollo Cocoa Beans 35.00%
35.00%
Trinitario Cocoa Beans
Source: Goldstein Research
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e l p Europe
North America
XX%
APAC
19.00 % 25.00 % Middle East & Africa
With
XX% share in 2016, Europe region dominated the Global Cocoa Beans Market
Global Natural Cocoa Beans Production (%), By End User-2016
10.00%
Cocoa Powder
Chocolate & Confectionary Industry
XX%
XX%
XX%
Source: Goldstein Research
Latin America
Source: Goldstein Research
Global Cocoa Beans Volume Share (%), By Product Type-2016
Forastero Cocoa Beans
30.00%
10.00 % 32.00 14.00 % % 2024
10.0 14.0 0% 32.0 0% 2016 0% 19.0 0% 25.0 0%
Cocoa Butter 50.00% Cocoa Beverages
40.00%
Food and Beverage Industry Cosmetics Industry
Others (Cocoa Paste, Beauty Products)
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Key Findings
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The market is expected to reach USD XX billion by 2024 from USD XX billion in 2016, registering a double digit growth of XX% over the forecast period of 2017 to 2024. XX% of the global Cocoa Beans produced are consumed for chocolate production. On an average, around XX million metric tons of Cocoa Beans are produced each year. Global production of Cocoa Beans during 2016 was XX million metric tons The international market price of Cocoa Beans is very volatile. It is forecasted that during 2016 the crop prices will go down due to expected surplus supplies. However, the low prices will drive the demand in the coming years with expected changes in product pipelines of major confectionery companies. The high prices in 2016 led to lesser profits in grinding, which in turn forced grinding companies to close their operations at various places Dry weather conditions posed major challenges to West African Cocoa Beans farmers in 2015/16. The Ivory Coast, the world’s largest producer, saw Cocoa Beans bean production decrease XX% year-on-year in 2015/16 (September – October). As a result, overall global production is estimated down XX% year-on-year at XX million tons
e l p
Cocoa Beans have captured the attention of consumers from around the world, due to the fast growth of the chocolate confectionery market. Other factors stimulating market growth include increasing disposable income among middle class and increasing popularity of Cocoa Beans-based products like Cocoa Beans beverages and Cocoa Beans powder. However, commodity price fluctuation, pest and diseases, low productivity, high dependence on seasons and environmental conditions and the high cost of farm inputs are restraining market growth
m a S
Currently, the market is dominated by the inorganic Cocoa Beans bean, however, in the coming years, the demand of organic Cocoa Beans bean is going to increase globally
Confectionery pipeline products
Increase Demand of Chocolate Production
Increasing demand of organic Cocoa Beans
Global Cocoa Beans Export (Million Tones Per Annum) Africa
2014 2016 Copyright
Latin America
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
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Increasing Disposable Income
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Major Players Presence-Regional Analysis Major Players/ Industries
APAC
North America
Europe
Latin America
Middle East & Africa
Cargill Incorporated Barry Callebaut Artisan Confections Company PASCHA Company InterNatural Foods LLC Olam Group The Mexican Arabica Bean Company Cacao Bahia Cocoa Beans Supply Company Casa Franceschi
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High Penetration
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Medium Penetration
Low Penetration
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Global Cocoa Beans Market Size (USD Billion) & Growth Analysis Global Cocoa Beans Market Size (USD Billion)-2016-2024
Fig Global Cocoa Beans Y-O-Y Growth (%) Analysis-2016-2024 XX
XX
XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX% XX% XX% XX% XX% XX% XX% XX% XX% XX%
XX
XX
XX%
XX
XX XX
XX
XX
XX XX
XX%
m a S
XX%
XX
XX
XX%
XX% XX%
XX
XX%
2016e
XX
2016e
2017e
2018f
Source: Goldstein Research
2019f
2020f
2021f
2022f
2023f
2024f
2017e
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
 Global Cocoa Beans market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, export increased from XXXX million tonnes in 2015 to XXXX million tonnes in 2016 owing to Cocoa Beans are primarily used as raw material for chocolate and 90% of the global Cocoa Beans produced are consumed for chocolate production which is in higher demand On an average, around XX million metric tons of Cocoa Beans are produced each year. Global production of Cocoa Beans during 2016 was XX million metric tons. The international market prices of Cocoa Beans are very volatile and changes variably with demand and supply. It is forecasted that during 2016 the crop prices will go down due to expected surplus supplies
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2024f
World Cocoa Beans Production By Country (in 1,000 metric tons), 2016 World Cocoa Beans Production (Tons) By Country, 2016 Papua New Guinea
XX
e l p Brazil
Nigeria
Cameroon
m a S
Ecuador
Indonesia
XX
XX
XX
XX
XX
Ghana
Côte d'Ivoire
In 2010, the United States and Germany accounted for a combined XX percent of the world’s total Cocoa Beans consumption. Unsurprisingly, Germany was also Europe’s leading chocolate producer in 2016. During the same year, U.S. brand Hershey’s generated XX billion U.S. dollars in chocolate sales. Chocolate sales in the United States are estimated to reach XX billion U.S. dollars by 2017
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XX
XX
Market Dynamics
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Growth Drivers
Increasing personal disposable income
Growth Barriers
m a S increasing popularity of Cocoa Beansbased products
e l p commodity price fluctuation
high dependence on seasons and environmental conditions
General Trend
Highly Complex
Moderately Complex
Waived
Extraction Process Copyright
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Global Cocoa Beans Market Share(%) , Market Size (USD Billion)- By Product Type, 2016-2024 Global Cocoa Beans Market Share By Volume and By Product Type, 20162024
Key Findings The percentage of certified Cocoa Beans in Cameroon and Nigeria is relatively low, but increasing. In Nigeria, for example, the certified volume of UTZ Cocoa Beans increased by XX% to XXX tonnes and more traders are investing in UTZ Certification programmes in Nigeria.
20.00%
Cocoa Powder
Increasingly, international buyers and farmers organisations are setting up value chain arrangements in Nigeria and Cameroon. These arrangements aim to consolidate ‘exclusive’ supply relations, through offering ‘free’ services (such as inputs on credit, or training) in exchange for Cocoa Beans. The majority of the farmers, however, is not organised and sells the Cocoa Beans to local traders
31.00%
XX% 31.00%
Cocoa Butter
2024
2016 Cocoa Beverages
30.00% 19.00%
30.00%
e l p 19.00%
Others (Cocoa Paste, Beauty Products)
m a S
Source: Goldstein Research
When Indonesia introduced a system of export taxes on raw Cocoa Beans in 2010, this decreased margins for exporters and middlemen but did not lower prices for farmers. Because of this tax incentive for processed Cocoa Beans exports, the Cocoa Beans processing industry flourished to such an extent that Indonesia became a net importer of Cocoa Beans in 2016 Global Global Cocoa Cocoa Beans Beans Market, Market, Y-O-Y Y-O-Y Growth, Growth, By By Product Product Type, Type, 2016-2024 2016-2024
Global Global Cocoa Cocoa Beans Beans Market Market Size Size (USD (USD Billion), Billion), By By Product Product Type-2016-2024 Type-2016-2024 XX
XX
XX
XX
XX
XX
XX
XX
2016 Cocoa Powder
Cocoa Beverages
2024
Cocoa Butter
2017e
2018f
2019f
Others (Cocoa Paste, Beauty Products)
Source: Goldstein Research
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2016e
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2020f Y-o-Y
Source: Goldstein Research
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2021f
2022f
2023f
2024f
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