According to a new report, published by KBV research, The Global Cocoa Market size is expected to reach $38.3 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,563.6 Kilo Tonnes, experiencing a growth of 4.8% (2019-2022).
Cocoa is finding its way into unexpected culinary applications beyond desserts. Chefs and food innovators are experimenting with cocoa in savory dishes, marinades, and even beverages, expanding the scope of cocoa's use in the culinary world. The beauty and skincare industry incorporates cocoa-derived ingredients like cocoa butter into various formulations. Cocoa's natural richness is leveraged in moisturizers, creams, and masks to provide nourishment and enhance the sensory experience.
There is a growing emphasis on initiatives aimed at empowering cocoa-producing communities. Programs focusing on education, healthcare, and improving living conditions for cocoa farmers are gaining traction as the industry works towards creating a positive social impact. Brands are leveraging digital platforms to educate consumers about the cocoa market, sustainability practices, and the journey of cocoa from farm to product. Storytelling and transparency in marketing are becoming essential to building consumer trust and loyalty.
The Confectionery segment is generating highest revenue in the Global Cocoa Market, by Application in 2022; thereby, achieving a market value of $14.5 Billion by 2030. High-quality cocoa is often used to craft luxurious truffles and bonbons. These premium confections showcase cocoa’s rich and complex flavor profile, appealing to consumers seeking indulgent and sophisticated treats. Cocoa coats pretzels, crackers, and various snacks, combining sweet and savory flavors. Chocolate-covered snacks have gained popularity as convenient and indulgent treats.
The Cocoa Butter segment is experiencing a CAGR of 5.4% during (2023 - 2030). Cocoa butter primarily comprises healthy fats, including oleic acid, stearic acid, and palmitic acid. These fats contribute to the overall nutritional profile of cocoa butter and make it a valuable ingredient in formulations promoting a balanced diet. Natural antioxidants in cocoa butter include polyphenols and tocopherols (vitamin E), which help combat oxidative stress and free radical damage. These antioxidant properties contribute to skin health and may offer potential health benefits when consumed or applied topically.
Full Report: https://www.kbvresearch.com/cocoa-market/
The Europe region dominated the Global Cocoa Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.8 Billion by 2030. The Asia Pacific region is anticipated to grow at a CAGR of 5.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.6% during (2023 - 2030).
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Unique Offerings 
