Chemical Industry Updates

  Cocoa is primarily used in chocolate confectionery and snack products. It provides multiple health benefits owing to presence of antioxidants. Growing awareness about health benefits associated with dark and premium chocolates is spurring the demand. Also, changing dietary patterns and rising disposable incomes in developing regions are increasing the affordability of premium chocolates among consumers. The global cocoa market is estimated to be valued at US$ 11,499.6 Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for premium and dark chocolates is growing at a rapid pace globally. Not only they provide various health benefits but also have bigger margins for chocolate manufacturers. Various chocolate brands are launching premium products with higher cocoa content to target health conscious consumers. They are promoting antioxidants and...

Market Overview: Cocoa is mainly used in the production of chocolate, cocoa butter, and cocoa powder. Cocoa is one of the most consumed commodities globally and has wide applications in confectionaries, bakeries, and other industries. Market Dynamics: The global  cocoa market  is expected to witness significant growth over the forecast period owing to increasing consumption of chocolates and confectionery products globally. Rising disposable income and changing lifestyles of consumers has led to the high adoption of chocolates and sweets containing cocoa. Additionally, the increasing demand for organic and fair trade cocoa is also expected to support the market growth. Manufacturers are investing in developing innovations in cocoa-based products catering to evolving consumer tastes and preferences further driving the market. Cocoa Market Drivers: Increasing Demand for Chocolate Confectioneries Around the World The global demand for chocolate confectioneries has been increasing...

  Cocoa is primarily used in chocolate confectionery and snack products. It provides multiple health benefits owing to presence of antioxidants. Growing awareness about health benefits associated with dark and premium chocolates is spurring the demand. Also, changing dietary patterns and rising disposable incomes in developing regions are increasing the affordability of premium chocolates among consumers. The global cocoa market is estimated to be valued at US$ 11,499.6 Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for premium and dark chocolates is growing at a rapid pace globally. Not only they provide various health benefits but also have bigger margins for chocolate manufacturers. Various chocolate brands are launching premium products with higher cocoa content to target health conscious consumers. They are promoting antioxidants a...