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Strategy Briefing
Global trends and developments in Cocoa ingredients (world)
39 pages, Sep 2016
US$1,325Added to Cart
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About This Report
New Report Guarantee
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
As global demand for chocolate continues to rise, demand for cocoa follows suit. However, as consumers’ eating habits change, driven by health, wealth and time, there are now greater opportunities for cocoa growth outside confectionery. At the same time, the industry is facing pressure to produce cocoa sustainably, to maintain production levels and preserve the environment. These trends are discussed in this report, alongside the impact they are having on the global cocoa ingredients industry.
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Overview
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Asia Pacific strongest performer…
Asia Pacific continues to be the strongest market for cocoa ingredients, with a forecast CAGR of 4.5% over 2015-2020 compared with 1.7% for the world as a whole. This growth has made it the second largest region by volume, ahead of North America.
…but Western markets still important
Despite the growth in Asia Pacific, the large chocolate confectionery category in Western Europe and North America means they remain very important to the cocoa industry. Growth is weak, but opportunities lie outside chocolate confectionery.
Consumers choosing healthier snacks over confectionery
In Western markets chocolate confectionery has been suffering from the health and wellness trend as consumers reduce chocolate consumption and move towards healthier snacks.
Other snacks growing in importance for cocoa ingredients
Consumers reducing chocolate consumption are still choosing other sweet snacks, and often chocolate is incorporated into products such as sweet biscuits, cakes, pastries and ice cream. These applications are therefore of growing importance to cocoa ingredients.
Premium and indulgent trend creates new avenues for cocoa ingredients
Trading up to premium and indulgent products may result in a reduction in volumes of cocoa ingredients, but value-added ingredients, such as origin-specific cocoa, are becoming more widely used.
Sustainability and certification important for future of cocoa
Sustainability in the cocoa industry continues to be of great importance. Without investment in sustainable production the future of the global cocoa industry is uncertain. The use of certification schemes builds consumer confidence in cocoa-related products.
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Request more informationTable of Contents
Introduction
Scope
Report Highlights
Key findings
SWOT
Market for Cocoa Ingredients
Steady growth for cocoa ingredients globally
Despite weak growth, Western Europe continues to lead category
US remains largest market, but growth across developing countries
Chocolate confectionery dominates, but better growth elsewhere
Market Driver: Premium and Indulgence
Premium products driven by desire for occasional indulgences
Chocolate used to enhance premiumness of sweet biscuits
Premium ice cream drives value growth
Market Driver: Snacking Occasions
Demand for different sweet snacks varies by country
Income key factor in choosing other snacks over chocolate
New snacking occasions bring further opportunities for cocoa
Market Driver: Health
Companies seek ways to maintain flavanol content in cocoa
Plain dark chocolate benefits from associated health claims
Growth in flavoured milk drinks drives growth in cocoa powder
Market Driver: Production
Cocoa bean production concentrated within handful of countries
Latin America becoming more important for cocoa supply
Cocoa industry also becoming more concentrated
Companies continue to invest in cocoa and chocolate production
Market Driver: Sustainability
Sustainable certification schemes important across the industry
Products with ethical labels set to see growth
Where Next?
Asia Pacific continues to see demand rise
Confectionery not always the strongest growth for cocoa
Strongest growth in developing countries
Mixed picture for growth in cocoa ingredients’ main applications
Stronger growth by value for chocolate confectionery
Developed regions driven by value, developing regions by volume
Opportunities for growth across different regions and categories
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.