Chocolate Industry

Latin America cocoa market report 2021: 4.3% CAGR forecast from 2021 to 2028 –

DUBLIN – (COMMERCIAL THREAD) – The report “Cocoa market in Latin America 2021-2028” has been added to offer.

The cocoa market in Latin America is expected to grow at a CAGR of 4.3% during the assessed years 2021-2028. Brazil, Mexico and the rest of Latin America shape the overall market for this region.

The growth of the cocoa market in Mexico is mainly due to the growing government push and the sustainability agenda of international companies. For example, the Hershey Company set up the Mexico Cocoa Project, a 10-year plan to revive cocoa cultivation in southern Mexico.

Mexico is one of the few countries to have conditions favorable to the cultivation of cocoa, which will help revive the cocoa sector in the country. In addition, the country has the potential to produce a variety of cocoa with good genetic quality. Therefore, organic cocoa and fine flavor cocoa have huge opportunities to gain traction in the country. Therefore, such developments are likely to open up new avenues for the Mexican cocoa market.

Cocoa from Colombia, for example, is known for its flavor and aroma, classified under the special cocoa category. According to the International Cocoa Organization, the majority of cocoa exported by Colombia is Fino de Aroma, a distinction awarded to only a few beans. The government has prioritized the cocoa sector to improve productivity and yields. Thus, such measures taken by the government are likely to fuel the growth of the cocoa market across Colombia.

Cargill Incorporated, Olam International Limited, Puratos Group, Touton SA, Natra SA, Ferrero Group and Nestlé SA are some of the distinguished companies in the cocoa market.

Main topics covered:

1. Cocoa Market in Latin America – Summary

2. Industry outlook

2.1. Impact of Covid-19 on the cocoa market

2.2. Key ideas

2.2.1. Influence of western flavors

2.2.2. Cocoa powder color trends

2.2.3. Unique Origin Cocoa and Chocolates

2.3. Porter’s Five Forces Analysis

2.4. Market attractiveness index

2.5. Supplier scorecard

2.6. Key market strategies

2.6.1. Acquisitions

2.6.2. Product developments

2.6.3. Contracts and Agreements

2.6.4. Investment and expansions

2.7. Market factors

2.7.1. Increased demand for chocolate

2.7.2. Health benefits of cocoa

2.8. Market challenges

2.8.1. Low productivity

2.8.2. Cocoa price fluctuations

2.9. Market opportunities

2.9.1. Ruby cocoa beans

2.9.2. Chocolate with grains

3. Latin America Cocoa Market Outlook – By Process

4. Latin America Cocoa Market Outlook – By Quality

5. Latin America Cocoa Market Outlook – by Product

6. Latin America Cocoa Market Outlook – By Type

7. Latin America Cocoa Market Outlook – By End User

8. Cocoa Market in Latin America – Regional Perspectives

9. Competitive landscape

  • Cargill Incorporated

  • Meiji Holdings Co Ltd

  • Nestlé Sa

  • Puratos Group

  • Olam International Limited

  • Guan Chong Berhad

  • Barry Callebaut SA

  • Natra Sa

  • Blommer Chocolate Factory

  • The Hershey Company

  • Mondelez International

  • Ferrero Group

  • Lindt and Sprungli SA

  • Archer Daniels Midland

  • Touton Sa

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