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Download Free sampleThe global Cocoa market was valued at 1194.71 Million USD in 2021 and will grow with a CAGR of 2.26% from 2021 to 2027, based on Research newly published report.
The prime objective of Cocoa Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Cocoa Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A cocoa processing plant transforms cocoa beans into three main components: cocoa liquor and cocoa butter and cocoa powder. These components can be used to make different products. Cocoa butter, cocoa liquor, and cocoa powder are some of the major ingredients used to manufacture chocolates. The favorable characteristics of cocoa butter (melting point and contraction) provide a melt-in-the mouth sensation and easy removal of chocolates from the molds.The cocoa industry is highly mature.Currently, there are many cacao grinding companies in the cocoa industry.The main participants were Barry Callebaut, Cargill, Nestle, FUJI OIL and Mars. For cocoa bean grinders, Barry Callebaut is the world`s largest grinder, with a market share of 20.74 percent in 2019.Cargill and Olam were second and third, respectively.It has a market share of 14.61 percent and 13.90 percent in 2019, respectively.
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