Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13 Billion | USD 26 Billion7 | 7% | 2023 |
FrequentlyAsked Questions
Cocoa beans, which are extracted from the cacao tree, are seeds found in the fruit of the tree mainly cultivated in tropical regions near the equator.
The global cocoa beans market's growth over the forecast period can be attributed to technological breakthroughs and government investments in infrastructural ventures.
According to a study, the global cocoa beans industry size was $13 billion in 2023 and is projected to reach $26 billion by the end of 2032.
The global cocoa beans market is anticipated to record a CAGR of nearly 7% from 2024 to 2032.
The Latin American cocoa beans industry is set to register the fastest CAGR over the forecasting timeframe owing to firms' huge focus on manufacturing high-quality and flavored cocoa beans, which fulfills the demand for premium chocolates and special cocoa items. Sustainable farming practices and government aid will drive the industry's growth in the region.
The global cocoa beans market is led by players such as Archer-Daniels-Midland (ADM), JB Foods Ltd., Barry Callebaut AG, Blommer Chocolate Company, Ecom Agroindustrial Corp. Ltd., Mars Inc., Cargill Inc., Archer-Daniels-Midland Inc., Olam International, and BT Cocoa.
The global cocoa beans market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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