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NORTH AMERICA COCOA MARKET FORECAST 2021-2028

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NORTH AMERICA COCOA MARKET FORECAST 2021-2028

The North America cocoa market growth is anticipated to progress at a CAGR of 3.80% during the forecast period, 2021-2028. The region has a rich history of consuming cocoa beans and chocolates, given the culture of buying chocolates during festivals and special occasions. Another factor driving the demand for cocoa products is impulsive buying.

NORTH AMERICA COCOA MARKET FORECAST 2021-2028

North America Cocoa Market by Process (Dutch-process, Natural Process) Market by Quality (Bulk, Specialty, Fine Flavor) Market by Product (Cocoa Liquor, Cocoa Powder, Cocoa Butter) Market by Type (Conventional, Organic) Market by Application (Confectionary, Food & Beverage, Bakery, Other Applications) by Geography

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The North America cocoa market growth is anticipated to progress at a CAGR of 3.80% during the forecast period, 2021-2028. The region has a rich history of consuming cocoa beans and chocolates, given the culture of buying chocolates during festivals and special occasions. Another factor driving the demand for cocoa products is impulsive buying.

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The North America cocoa market growth assessment includes the analysis of Canada and the United States. The United States witnesses a substantial consumption of chocolates on days like Easter, Valentine’s, Christmas, and Halloween. Also, as per the National Confectioner’s Association, it is estimated that 86% of Americans purchased chocolates for Valentine’s in 2021. In addition, the US population spends more than $22 million annually on chocolates. It is also the most significant chocolate market globally, and is witnessing dynamic developments. Moreover, over 80% of Americans buy chocolate regularly.

Furthermore, the country is one of the major importers of cocoa beans worldwide. Also, Pennsylvania produces the most chocolates in the US, as per the US Bureau. It produces almost half of the country’s total chocolate output. Additionally, there are several large and local manufacturers in the cocoa business in the US. Such factors drive market growth.

Blommer Chocolate Company manufactures and supplies food products. It also offers candy-coated pieces, pokies, cocoa butter, chocolate liquor, etc. The company is the largest cocoa processor and ingredient chocolate supplier in North America. In addition, it is a leader in advanced sustainable cocoa farming. The company has a global presence, with headquarters in Chicago, the United States.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RISE IN DEMAND FOR CHOCOLATE
        • HEALTH BENEFITS OF COCOA
      • KEY RESTRAINTS
        • LOW PRODUCTIVITY
        • PRICE FLUCTUATIONS OF COCOA
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON COCOA MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • PRODUCTION
        • TRANSPORTATION
        • TRADERS AND GRINDERS
        • CONSUMER PRODUCT MANUFACTURERS
        • RETAIL
    1. MARKET BY PROCESS
      • DUTCH-PROCESS
      • NATURAL PROCESS
    2. MARKET BY QUALITY
      • BULK
      • SPECIALTY
      • FINE FLAVOR
    3. MARKET BY PRODUCT
      • COCOA LIQUOR
      • COCOA POWDER
      • COCOA BUTTER
    4. MARKET BY TYPE
      • CONVENTIONAL
      • ORGANIC
    5. MARKET BY APPLICATION
      • CONFECTIONARY
      • FOOD & BEVERAGE
      • BAKERY
      • OTHER APPLICATIONS
    6. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ARCHER DANIELS MIDLAND (ADM)
        • BARRY CALLEBAUT AG
        • BLOOMER CHOCOLATE COMPANY
        • CARGILL INCORPORATED
        • FERRERO GROUP
        • GUAN CHONG BERHAD
        • LINDT & SPRÜNGLI AG
        • MEIJI HOLDINGS CO LTD
        • MONDELEZ INTERNATIONAL INC
        • NATRA SA
        • NESTLE SA
        • OLAM INTERNATIONAL LTD
        • PURATOS GROUP
        • THE HERSHEY COMPANY
        • TOUTON SA

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – COCOA MARKET

    TABLE 2: NORTH AMERICA COCOA MARKET, BY PROCESS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: NORTH AMERICA COCOA MARKET, BY PROCESS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA COCOA MARKET, BY QUALITY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA COCOA MARKET, BY QUALITY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA COCOA MARKET, BY PRODUCTS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: NORTH AMERICA COCOA MARKET, BY PRODUCTS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA COCOA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA COCOA MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: NORTH AMERICA COCOA MARKET, BY APPLICATIONS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: NORTH AMERICA COCOA MARKET, BY APPLICATIONS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: NORTH AMERICA COCOA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 13: NORTH AMERICA COCOA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN NORTH AMERICA COCOA MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: NORTH AMERICA COCOA MARKET, GROWTH POTENTIAL, BY PROCESS, IN 2020

    FIGURE 7: NORTH AMERICA COCOA MARKET, BY DUTCH-PROCESS, 2021-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA COCOA MARKET, BY NATURAL PROCESS, 2021-2028 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA COCOA MARKET, GROWTH POTENTIAL, BY QUALITY, IN 2020

    FIGURE 10: NORTH AMERICA COCOA MARKET, BY BULK, 2021-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA COCOA MARKET, BY SPECIALTY, 2021-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA COCOA MARKET, BY FINE FLAVOR, 2021-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA COCOA MARKET, GROWTH POTENTIAL, BY PRODUCTS, IN 2020

    FIGURE 14: NORTH AMERICA COCOA MARKET, BY COCOA LIQUOR, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA COCOA MARKET, BY COCOA POWDER, 2021-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA COCOA MARKET, BY COCOA BUTTER, 2021-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA COCOA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 18: NORTH AMERICA COCOA MARKET, BY CONVENTIONAL, 2021-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA COCOA MARKET, BY ORGANIC, 2021-2028 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA COCOA MARKET, GROWTH POTENTIAL, BY APPLICATIONS, IN 2020

    FIGURE 21: NORTH AMERICA COCOA MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA COCOA MARKET, BY FOOD & BEVERAGE, 2021-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA COCOA MARKET, BY BAKERY, 2021-2028 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA COCOA MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA COCOA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 26: UNITED STATES COCOA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 27: CANADA COCOA MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY PROCESS
      • DUTCH-PROCESS
      • NATURAL PROCESS
    2. MARKET BY QUALITY
      • BULK
      • SPECIALTY
      • FINE FLAVOR
    3. MARKET BY PRODUCT
      • COCOA LIQUOR
      • COCOA POWDER
      • COCOA BUTTER
    4. MARKET BY TYPE
      • CONVENTIONAL
      • ORGANIC
    5. MARKET BY APPLICATION
      • CONFECTIONARY
      • FOOD & BEVERAGE
      • BAKERY
      • OTHER APPLICATIONS

    To request a free sample copy of this report, please complete the form below :
    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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