Product ID: SQMIG30H2140
Global Cocoa Market Size, Share, Growth Analysis, By Type(Fine Flavor Cocoa, Bulk/Ordinary Cocoa), By Processing Methods(Natural/Unfermented Cocoa, Fermented Cocoa), By Product Forms(Cocoa Beans, Cocoa Powder) - Industry Forecast 2024-2031
Report ID:
SQMIG30H2140 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Global Cocoa Market Dynamics
Drivers
Increasing Demand for Cocoa Products and Growing Emphasis on Sustainability
- The relentless demand for cocoa products, particularly from the thriving chocolate industry, which remains the largest consumer of cocoa beans. As emerging economies, particularly in Asia, witness a surge in chocolate consumption, it adds impetus to the market. Moreover, there is a growing emphasis on sustainability and ethical sourcing practices, with certifications such as Fair Trade and Rainforest Alliance gaining prominence.
Restraints
High Ethical Concerns Associated with Cocoa Production
- One of the main market restraints is the ethical concerns associated with cocoa production, particularly the prevalence of child labor in some cocoa farming regions. Efforts to address and eradicate these issues require coordinated actions across the supply chain. Additionally, the cocoa market contends with environmental challenges such as climate change, leading to unpredictable weather patterns that can affect cocoa yields and quality.
Global Cocoa Market Report Snapshots
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