ALBANY, New York, May 20, 2020
ALBANY, New York, May 20, 2020 /PRNewswire/ -- The global cacao beans market is set to grow at a rate of about 7% from 2020 to 2030. This would translate into an increase in market worth from about USD 10 billion in 2020 to about USD 20 billion by the end of the forecast period. It is significant to note here that a number of factors would keep the market buoyant.
As per Transparency Market Research, "Rising chocolate production and consumption is a major factor of growth in the market. However, increase in obesity and heart diseases is leading people to look for healthier alternatives. This is why nutritional chocolate bars are set to witness a notable growth in demand over the forecast period – propelling growth in global cacao beans market."
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Key Findings of Global Cacao Beans Market Study:
Explore the latest study on Cacao Beans Market (Product Type: Forastero, Criollo, and Trinitario; End-use Application: Food & Beverages [Bakery & Confectionery, Beverages, Dairy Products, Syrup, Toppings, and Fillings, and Other Applications], Pharmaceuticals, Cosmetic & Personal Care, Pet Food, Household/Retail, and HoReCa/Foodservices; and Distribution Channel: B2B, B2C [Hypermarkets/Supermarkets, Convenience Stores, Independent Grocery Stores, and Specialty Stores], and Online Retail) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/cacao-beans-market.html
Key Drivers of Growth in Global Cacao Beans Market:
Transparency Market Research notes presence of a host of factors influencing growth in global cacao beans market. A number of prominent trends and drivers that are keeping the global cacao beans market on a high growth trajectory over the forecast period are provided below:
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Regional Analysis of Global Cacao Beans Market:
Competitors Landscape of Global Cacao Beans Market:
The fragmented vendor's landscape of global cacao beans market is rife with notable developments. Top players marking it are Olam International Limited, Barry Callebaut AG, Theobroma B.V., Cargill Inc., Ciranda Inc., Edna Group, Dutch Cocoa B.V., Cocoa Processing Company, Kakao Berlin, Niche Cocoa Industry Ltd., Nederland SA, PT. Danora Agro Prima, India Cocoa Pvt Ltd., United Cocoa Processors Inc., and BT Cocoa, among others.
Leading players in the global cacao market are directing all efforts towards development of cocoa liquor products which are healthy as well as interesting in terms of the ever dynamic consumer palate. New variants that are hitting the market relatively frequently are gluten free chocolates and organic cocoa liquor.
Cocoa Beans Market Segmentation
Cocoa Beans Market by Product Type
Cocoa Beans Market by End-use Application
Cocoa Beans Market by Distribution Channel
Cocoa Beans Market by Region
Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,
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Dried Apricots Market - The global dried apricots market stand strong at an astonishing USD $ 537.7 Mn. The market is projected to hit astonishing pints by the end of 2026. The growth will be attributed to the CAGR hike of 5.3% in the period from 2018 to 2026.
Protein Ingredients Market - The protein ingredients market is favorable for growth in high demand regions such as North America and Europe. Innovations such as membrane separation technology are important milestones in dairy protein.
Vegan Cheese Market - The global vegan cheese market value was estimated to reach US$ 2.5 Bn by the end of 2020, finds Transparency Market Research (TMR) in a recent study. According to the report, the vegan cheese market is anticipated to reach ~US$ 7 Bn by 2030, at a CAGR of ~10%.
Nutrition Bars Market - The nutrition bars market players' focus remains directed toward the younger consumer base including the millennials and baby boomers. Moving forward with an extensive consumer-centric approach, nutrition bars market players are introducing products that are designed in cognition to these consumer bases and aligned with the evolutionary industry trends.
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