Chocolate Industry

Global Cocoa and Chocolate Market Share 2022 by Revenue US$74720 Million Regional Segmentation and Opportunity Forecast to 2026

Cocoa & Chocolate Market Overview:

The cocoa and chocolate market is driven by consumer demand for more nutritious foods and better packaging, which is also driving technological advancements in the field. Pasteurization, high pressure processing, UV processing and nanotechnology influence the industry.

The cocoa and chocolate market uses innovations such as Individual Quick Freezing (IQF) to further develop the yield and nature of frozen food sources. The IQF strategy involves moving singular food products down a conveyor line into an impact chiller that rapidly freezes the products. With the IQF strategy, each food is frozen independently, instead of being mass frozen or square frozen.

The cocoa and chocolate market size is expected to reach a CAGR of 7.2% in terms of revenue to reach USD 74,720 million during the forecast period from 2021 to 2026.

The safety of their cocoa and chocolate is a high priority for consumers. Despite the packaging waste, 60% of consumers prefer to buy fresh food in packages, believing that it will stay fresh longer this way. And about 90% of today’s consumers say they prefer packaged fresh foods to avoid contamination. Reusable packaging is definitely the way to go: studies have proven that bins are cheaper after around six loops in the supply chain.

industry NEWS

ITC launches plant-based burger patties and nuggets that mimic the taste of chicken and are the two largest non-vegetarian frozen food categories. Globally, McDonald’s offers a McPlant plant-based burger, co-developed with Beyond Meat. ITC will initially sell these products to e-commerce and large retail chains in the eight major cities – and to institutional customers such as hotels and restaurants.

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Global Food and Beverages is made up of many segments including Grocery Products, Oils and Fats, Food Additives, Functional Foods and Beverages, Packaged Foods, Health and Natural Foods, Canned Foods , baked foods, baby food, pet food, soft drinks, alcoholic beverages, energy drinks and packaging.

Here are the main companies in the cocoa and chocolate market – Barry Callebaut, Cargill, Nestle SA, Mars, Hershey, Blommer Chocolate, FUJI OIL, Puratos, Cémoi, Irca, Foley’s Candies LP, Olam, Kerry, Guittard, Ferrero, Ghirardelli, Alpezzi Chocolate, Valrhona, Republica Del Cacao, TCHO and others.

Cocoa and Chocolate Market Segmentation:

Following this, the Cocoa and Chocolate Market report gives definitive clarification on the objectives of this examination, administrative situation, and dynamics mainly targeted at restraining factors, growth opportunities, and future challenges during the duration forecast 2022-2026.

Segment by type

  • Confectionery
  • food and drinks
  • Beauty products
  • Medications

Segment by application

Key technologies driving change

  • food preparation
  • Artificial intelligence
  • Just in time
  • Smart packaging
  • Additive manufacturing
  • Predictive maintenance

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Regional analysis:

The Cocoa and Chocolate market research targets regional opportunity volume and value and company trends. From a global perspective, this report study represents an overall summary of the Cocoa and Chocolate Market analyzed on historical data and future growth aspects. Geographically, the market report focuses on the following key regions: Americas, Europe, Asia-Pacific, Middle East and Africa and ROW.

This works well in Europe, where food supply chains are short. Longer supply chains, like those in North America and Asia, require a lot of single-use packaging.

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