North America Cocoa Market By Product type (Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Cocoa Paste and Liquor, and Chocolate) By Application (Confectionery, Food and Beverages, Cosmetics and Pharmaceutical)
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The North America Cocoa Market would witness market growth of 2.89% CAGR during the forecast period (2019-2025).
Cocoa manufacturing is an extremely labor-intensive method. The entire production cycle is carried out by hand and a majority of coca farms are family-owned businesses. The global production of cocoa is conducted almost solely on these small farms of no more than 12 acres. The cocoa trees are indigenous to the warm and rainy climate around the equator. A cocoa tree's fruits or pods have unique characteristics as they grow straight from the tree's trunk or big branches compared to most fruits that develop at the end of branches.
Natural Cocoa is one of the most frequently accessible kinds of cocoa in the U.S. market. Despite the negative impact of the economic downturn witnessed, especially in developed markets, the demand for cocoa on the food and chocolate confectionery market will continue to surpass through the forecast period. The new application in the cosmetic and pharmaceutical industries will also keep the pace of market gains high in the near future.
Based on Product type, the market is segmented into Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Cocoa Paste and Liquor, and Chocolate. Based on Application, the market is segmented into Confectionery, Food and Beverages, Cosmetics and Pharmaceutical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Cocoa Processor, Inc., Nestle S.A., Touton S.A., The Barry Callebaut Group, SunOpta, Inc., Newtown Foods, Inc., Puratos Group NV, Mars, Inc., The Hershey Company and Cargill Corporation.
Scope of the Cocoa Market Analysis
- Cocoa Beans
- Cocoa Butter
- Cocoa Powder and Cake
- Cocoa Paste and Liquor
- Food and Beverages
- Rest of North America
- United Cocoa Processor, Inc.
- Nestle S.A.
- Touton S.A.
- The Barry Callebaut Group
- SunOpta, Inc.
- Newtown Foods, Inc.
- Puratos Group NV
- Mars, Inc.
- The Hershey Company
- Cargill Corporation
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