Global Cocoa Market: High Demand for Chocolate to Drive Market, says TMR
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Transparency <strong>Market</strong> Research<br />
<strong>Cocoa</strong> <strong>Market</strong> - <strong>Global</strong> Industry<br />
Analysis, Size, Share, Growth, Trends<br />
and Forecast, 2013 - 2019<br />
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REPORT DESCRIPTION<br />
The global cocoa market is studied in a new report by Transparency <strong>Market</strong> Research (<strong>TMR</strong>). The report is titled, ‘<strong>Cocoa</strong> <strong>Market</strong> -<br />
<strong>Global</strong> Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.’ The study presents a detailed overview of the<br />
market’s his<strong>to</strong>rical development trajec<strong>to</strong>ry and its current and projected size. An in-depth analysis of these statistics is used <strong>to</strong><br />
derive insightful in<strong>for</strong>mation about the cocoa market’s future growth. The report also covers various other important aspects of<br />
the market, including an analysis of the competitive landscape.<br />
View exclusive <strong>Global</strong> strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=B&rep_id=1390<br />
New entrants in the global cocoa market face entry barriers owing <strong>to</strong> the fundamental constraint on supply. <strong>Cocoa</strong> is exclusively<br />
grown in the geographic band near the equa<strong>to</strong>r owing <strong>to</strong> the climatic and rainfall requisites of this crop. Thus, Southeast Asia,<br />
West Africa, and parts of Central and South America are key producers of cocoa. The threat of substitutes is likely <strong>to</strong> remain low<br />
as there is no popular substitute <strong>for</strong> cocoa. Players in the market are focusing on product innovation.<br />
<strong>Cocoa</strong> is used <strong>for</strong> making cocoa powder, butter, oil, liqueur, liquor, and chocolates such as sweet, dark, and milk chocolate.<br />
<strong>Cocoa</strong> products are in demand because they contain a high concentration of flavonoids, which makes them beneficial <strong>for</strong><br />
consumers with cardiovascular issues. The global cocoa market is anticipated <strong>to</strong> be driven by a high demand <strong>for</strong> chocolate and<br />
chocolate coatings across the globe. The consumption of chocolate confectionary is directly linked with the per capita incomes.<br />
Countries with lower incomes tend <strong>to</strong> display a variable response <strong>to</strong>wards the consumption of chocolate, and subsequently the<br />
demand <strong>for</strong> cocoa is also variable. However, the growing per capita income of consumers not only in developed nations, but also<br />
in emerging markets is expected <strong>to</strong> boost the global cocoa market.<br />
While the widespread uses of cocoa will drive the market, fac<strong>to</strong>rs such as high sugar content in cocoa-based products may<br />
impede the growth of the global cocoa industry. The huge gap between the demand and supply of cocoa is also restraining the<br />
growth of the cocoa market. In addition <strong>to</strong> this, the volatility in cocoa prices will also hamper the demand. Extreme weather,<br />
pests, and political instability in cocoa producing countries are responsible <strong>for</strong> the fluctuating cocoa prices.<br />
The report profiles key players in the cocoa manufacturing industry such as Archer Daniels Midland Company, Wilbur <strong>Chocolate</strong><br />
Company Inc., Petra Foods Limited, Organic Commodity Products Inc., Blommer <strong>Chocolate</strong> Company, Delfi <strong>Cocoa</strong>, Barry<br />
Callebaut AG, Dagoba Organic <strong>Chocolate</strong>, Transmar Commodity Group Ltd, and Ghirardelli <strong>Chocolate</strong> Company.<br />
About Us
Transparency <strong>Market</strong> Research is a market intelligence company providing global business in<strong>for</strong>mation reports and services. Our<br />
exclusive blend of quantitative <strong>for</strong>ecasting and trends analysis provides <strong>for</strong>ward-looking insight <strong>for</strong> thousands of decision<br />
makers.<br />
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and<br />
various <strong>to</strong>ols and techniques <strong>to</strong> gather, and analyze in<strong>for</strong>mation. Our business offerings represent the latest and the most<br />
reliable in<strong>for</strong>mation indispensable <strong>for</strong> businesses <strong>to</strong> sustain a competitive edge.<br />
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