Cacao Beans Market: Clear Understanding of The Competitive Landscape and Key Product Segments
Valued at US$ 10 Bn in 2019, cacao beans market will grow at a robust CAGR during the
forecast period (2019 – 2029). Increasing demand for organic ingredients in
modern households and foodservice companies present an emerging source of
continuous revenues. According to a new study by Future Market Insights (FMI),
sales of cacao beans have surpassed traditional offline channels, witnessing a
measurable uptick via online channels.
Key Research Findings of FMI’s Cacao Beans
Market Study
- Owing
to high availability, forastero cacao beans will maintain share-wide
dominance.
- On
the back of rarity, criollo beans will register significant sales growth
during the forecast period.
- Foodservice
industry will generate highest demand for cacao beans.
- Europe
continues to lead the market, with over 47% revenue share.
Key Growth Drivers – Cacao Beans Market
- Heightening
demand from the foodservice sector is driving market growth.
- Expanding
health-conscious consumer population assists the growth of market.
- String
presence of leading cacao grinders and processors in Netherlands, Germany,
Belgium, France, and UK will drive growth in the European Union.
- Increasing
application in bakery & confectionary will bolster demand through the
end of 2029.
Key Impediments – Cacao Beans Market
- Low
yield of criollo beans continues to pose a restraint for cacao beans
market.
- Growing
interest in artificial cacao flavor production in lab is challenging
traditional manufacturers in the market.
Competitive Analysis – Cacao Beans Market
Market players are consolidating the cacao supply chain through
mergers and acquisitions. For instance, Barry Callebaut acquired Russian
chocolate producer Inforum in February, 2019. Few prominent producers in the
cacao beans market are Cargill Inc., Theobroma B.V., Olam International
Limited, Ciranda Inc., Edna Group, Barry Callebaut AG, Dutch Cocoa B.V., Kakao
Berlin, Niche Cocoa Industry Ltd., PT. Danora Agro Prima, Nederland SA, Cocoa
Processing Company, India Cocoa Pvt Ltd., United Cocoa Processors Inc., BT
Cocoa among others.
About the Report
This report offers global, regional, and national level analysis
on the latest trends in the industry influencing the overarching performance of
cacao beans market. The study provides actionable insights on the cacao beans
market on the basis of product type (Forastero, Criollo, Trinitario), end-use
applications (food & beverages, pharmaceuticals, cosmetic & personal
care, pet food, household/retail, and HoReCa/Foodservices), distribution
channel (B2B and B2C), and across seven key regions (North America, Latin
America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania).
About Future Market Insights (FMI)
Future
Market Insights (FMI) is a leading market intelligence and consulting services
firm, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital,
and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses
navigate challenges and take critical decisions with confidence and clarity
amidst breakneck competition.
Contact
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