Cocoa Beans Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to cocoa beans market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Cocoa Beans Market News

  • In April 2024, Barry Callebaut, a leading producer and supplier of cocoa and chocolate announced the launch of its new cocoa powder called MALEO in Malaysia. 10/12 MALEO and 22/24 MALEO are both designed to reduce cocoa powder usage without compromising on taste, texture, and mouthfeel for end users.
  • In February 2024, Cargill, a renowned American food company announced the launch of its new production line in Indonesia. The new line was added to Cargill’s cocoa processing plant located in Gresik. The new porduction line was expected to help Cargill produce cocoa solutions with better scope of customization.
  • In October 2022, Distell, a multinational brewing and beverage company announced the launch of 15.5% ABV chocolate liqueur at the TFWA World Exhibition & Conference in Cannes. The new offering from Distell uses sustainably sourced African cocoa beans and marula fruit in its formulation.
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Global Cocoa Beans Market size was valued at USD 13.5 Billion in 2023 and is poised to grow from USD 14.67 Billion in 2024 to USD 28.6 Billion by 2032, growing at a CAGR of 8.7% during the forecast period (2025-2032).

Cocoa bean companies should focus on enhancing their production potential to boost their business scope. Expanding into emerging markets where the popularity of mushrooms is rising can also help boost the sales of cocoa beans in the long run. Providing unique and innovative cocoa beans products can also help companies stand out from the competition as per this global cocoa beans market analysis. 'Cemoi Chocolatier', 'Pappa's Heritage', 'Cacaitos', 'Republica del Cacao', 'Nestlé S.A.', 'SUCDEN', 'Mars Incorporated', 'The Hershey Company', 'Cargill Incorporated', 'Barry Callebaut', 'Fuji Oil Holdings Inc.', 'Ghirardelli Chocolate Company', 'Valrhona', 'TWIN TRACK COCOA PRODUCTS INTERNATIONAL'

Increasing number of governments and international organizations are launching new support initiatives for cocoa farmers to promote cocoa farming. Providing funding, training, and infrastructure development to enhance productivity, pest control, and soil health in cocoa farming is expected to bolster the global cocoa beans market outlook in the long run.

Sustainable and Ethical Cocoa: Cocoa bean companies should focus on prioritizing sustainability and the adoption of ethical practices to boost the sales of their offerings in the long run. High consumer preference for responsibly sourced cocoa makes this an indispensable cocoa beans market trend for the future. Fair Trade, Rainforest Alliance, and UTZ-certified cocoa products are slated to witness a notable hike in demand going forward.

North America is anticipated to account for a substantial global cocoa beans market share going forward. Surging demand for high-quality gourmet chocolates, presence of multiple artisanal and premium chocolate manufacturers, and high per capita chocolate consumption in countries of this region are slated to cement its dominance through 2032.

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Global Cocoa Beans Market
Cocoa Beans Market

Report ID: SQMIG30I2440

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