The Organic Cocoa market is valued at USD 8.3 Bn in 2022 and is projected to grow at a CAGR of 3.3% during the forecast period, to reach a value of USD 11.5 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Organic Cocoa demand is projected to grow year-on-year (Y-o-Y) growth of 3.9% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 8.3 Billion |
| Market Forecast Value in 2032 | USD 11.5 Billion |
| Global Growth Rate (2022 to 2032) | 3.3% CAGR |
| Forecast Period | 2022 to 2032 |
| Collective Value Share: Top 3 Countries (2021A) | 36.4% |
One of the most popular raw ingredients in the food and beverage sector is cocoa. Polyphenol, an antioxidant that lowers blood pressure and reduces inflammation, is abundant in it. Dark chocolates are exclusively made with cocoa as an ingredient.
According to reports, consuming chocolate offers a variety of positive health effects. Chocolates offer some nutritional value required for the growth and development of the body and reduce the risk of heart disease.
However, cocoa must satisfy certain requirements to receive organic certification. The use of artificial fertilizers and pesticides is restricted by organic agricultural guidelines. They also call for certain approaches and procedures for soil preservation and plant protection that guarantee transparency and traceability. Worldwide organic standards differ a little, but they all usually aim to preserve the well-being of people, soils, and ecosystems.
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The market for organic cocoa makes up a very small portion of the overall market for cocoa. Just about 0.5% of global production was estimated to be made up of it in 2021. Recent studies indicate that demand for this product is rising steadily and quickly, but it is difficult for the supply side to keep up with the demand for organic cocoa.
Most often in the least developed countries or countries, farmers are risking their meager resources to produce organic cocoa, but they are unable to bring all of their production to the market. Also, Nutritional compounds like fiber, magnesium, iron, copper and other minerals are present in organic cocoa. Additionally, it has antioxidants that lower blood pressure, increase blood flow, and protect human skin.
Given the rapid growth in the number of consumers, demand for organic cocoa is rising quickly. Individuals' disposable income is rising in developing countries with burgeoning economies like China, Korea, India, and Japan, which would boost demand for cocoa goods internationally.
The inclination of consumers for high-quality goods with high nutritional values is a significant factor in increasing cocoa sales. Since cocoa is the main ingredient used in the creation of chocolate, the food, and beverage sector is increasing demand for it. The increase in demand for cocoa from the food and beverage industries is fueled by consumers' favorable impression of the consumption of chocolate.
Furthermore, the market for organic cocoa is anticipated to develop due to the variety of ways that cocoa is used in various end-user industries. The manufacture of dental products required to improve oral health is a task performed by the pharmaceutical sector using cocoa services.
Because of the growing customer desire for skincare products made with natural ingredients, the personal care industry also uses organic cocoa to create skincare products. During the projection period, the industry's growth is expected to be accelerated by manufacturers putting more emphasis on developing new products that would draw customers toward the use of organic cocoa products.
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Netherland is predicted to remain an important market, accounting for the majority of market share in 2022. The Netherland holds more than 19.1% market share in the Europe Organic Cocoa market, which is predicted to increase at a CAGR of around 7.8% over the forecast period. In 2022, Netherland is predicted to account for a significant market share of the Organic Cocoa market in Europe.
According to FMI, Germany is estimated to hold more than 17.6% share in the Europe Organic Cocoa market in 2022 and it is estimated to grow with a CAGR of around 4.2% in the forecast period.
The European Cocoa Industry requires a sustainable supply and consistency of Organic Cocoa with the quality attributes to fulfill varied end-use. Multiple kinds of Organic Cocoa are needed to meet the demands of a complex market for cocoa-derived products and chocolate, in which cost-effectiveness, food safety, and efficiency as well as consumer demands for quality and taste, play important roles.
The US is dominating the North America Organic Cocoa market holding a significant market share of more than 85.6% and it is expected to grow with a CAGR of around 5.8% in the forecast period.
As consumers switch to other snack foods, the industry as a whole suffers. According to the Global Cocoa Agenda2, which has been internationally agreed upon as the road map to achieving a sustainable global cocoa economy, there is a need to "improve cocoa quality through better communication of industry needs, quality assessment, and post-harvest processing," as well as to "enhance food safety through the adoption of Good Agricultural Practices and wider promotion".
Among the application segment, processed food & beverage is expected to dominate the market holding more than 38.9% share in the year 2022 and it is expected to grow with a significant CAGR of around 5.3% over the forecast period.
Organic cocoa products are in high demand in Europe's food industries and confectionery. Organic cocoa is found in bars and chocolate tablets, pralines, confectionery products, and spreads. European production of such products remained relatively stable. In 2021, Germany was the leading producer of chocolate products in Europe.
Chocolate shops in the United States frequently import German chocolate products to sell alongside American chocolate brands. Stollwerck Chocolates Company is a well-known Belgian and Swiss chocolate manufacturer. La Maison du Chocolat, Leonidas Chocolates, and Tortchen are some other well-known German chocolate brands. Other top producers of chocolate products are Italy, the United Kingdom, and Belgium.
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There are many reasons for businesses to obtain organic certification. Environmental issues, consumer demand, building brand reputation, and bolstering sustainability claims are a few of these motives. For a final product to be certified as organic, every actor in the supply chain must be registered with a control organization or body. The control agency or body is in charge of ensuring that a performer follows organic rules when acting.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 13.9 Billion |
| Market Forecast Value in 2032 | USD 24.2 Billion |
| Global Growth Rate | 5.7% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Bn for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
| Key Market Segments Covered | Form, End Use Application |
| Key Companies Profiled | Kraft Foods Inc.; Cargill Incorporated; Tradin Organic Agriculture B.V.; Ciranda, Blommer Chocolate Company; Artisan Confections Company; PASCHA Company; InterNatural Foods LLC; Wilmor Publishing Corp.; Olam Cocoa; Barry Callebaut; Plot Ghana; Dutch Cocoa; Cocoa Processing Company Limited; Indcresa; Blommer; JB Foods Limited; Others |
| Pricing | Available upon Request |
The Organic Cocoa market is estimated to reach sales of nearly USD 13.9 Bn by 2022.
Organic Cocoa market revenue is expected to increase at a CAGR of around 5.7% during the period 2022-2032.
Organic Cocoa sales increased a CAGR of around 3.7% over the past half-decade.
The global Organic Cocoa market value is estimated to be around USD 24.2 Bn in 2032.
The top countries driving the Organic Cocoa demand are the US, UK, Netherland, and Germany.
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Organic Cocoa Market
