Global Cocoa Market Analysis and Forecast, 2019-2028

WILMINGTON, Del. - June 23, 2023 - PRLog -- Market Scope and Report Overview

According to a comprehensive market study by RationalStat the global cocoa market has been assessed according to different market segments, such as the type, form, nature, process end users and regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also gives global and regional market sizes for the period from 2019-2022, and the forecast period 2019-2028.

Period Covered include data for 2019-2028 along with year-wise demand estimations

The cocoa market report analyzes the market in light of global economic conditions, regional geopolitics, import-export scenarios, trade tariffs and market trends organic and organic strategies mergers and acquisitions new product launches, policies of the government and further capacity expansion technological advancements R&D investments, new market entry rates, replacing rates and penetration rate the size of the installed base/fleet globally and regional production capacities, and many more.

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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the most recent RationalStat report, the analysis shows that geopolitical conflict and the inflation are the most frequently mentioned economic threats, whereas concerns regarding the risk of volatility in the energy sector are prevalent in Europe and across the globe. One of the dangers to the growth of the economy in the top regions, such as Asia Pacific, Europe, North America, the Middle East and Africa and the other developing regions, include the rising cost of energy, inflation supply chain disruptions, labor shortages, geopolitical instability and rising interest rates and the COVID-19 pandemic.

Competition Analysis and Market Structure

These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global cocoa market include,

• In September 2021, Barry Callebaut completed the acquisition of Europe Chocolate Company (ECC), the reason behind the acquisition was to supply a wide variety of customers with highly customized products.

Some of the prominent players that contribute significantly to the cocoa market growth include Barry Callebaut AG, Blommer Chocolate Company, CARGILL INC., Ciranda, Inc., GUAN CHONG COCOA MANUFACTURER SDN. BHD, OLAM INTERNATIONAL LIMITED, THE HERSHEY COMPANY, United Cocoa Processor, Inc., among Others.

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