Global Cocoa Derivatives Market Size, Share & Trends Analysis Report By Application, By Distribution Channel (B2B, and B2C), By Product (Cocoa Powder, Cocoa Butter, Cocoa Mass/Liquor, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Cocoa Derivatives Market Size, Share & Trends Analysis Report By Application, By Distribution Channel (B2B, and B2C), By Product (Cocoa Powder, Cocoa Butter, Cocoa Mass/Liquor, and Others), By Regional Outlook and Forecast, 2023 - 2030


The Global Cocoa Derivatives Market size is expected to reach $35.4 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,731.1 kilo tonnes, experiencing a growth of 5.9% (2019-2022).

Hypermarkets and supermarkets provide extensive shelf space, displaying a broader range of cocoa derivatives. Thus, the hypermarkets/supermarkets segment acquired $2,951.3 million in 2022. This includes various chocolate products, cocoa powders, cocoa-based beverages, and other derivatives. Consumers have greater access to diverse cocoa-related products in these retail settings. These factors will help in the expansion of the segment. Some of the factors impacting the market are growing global chocolate consumption, expanding bakery and confectionery industry, and continuous fluctuations in cocoa prices.

Cocoa derivatives, including cocoa powder, cocoa butter, and cocoa liquor, are fundamental components in the production of chocolate. These derivatives impart the characteristic flavor, texture, and aroma that define chocolate. As such, the demand for cocoa derivatives is directly proportional to the demand for chocolate products. Cocoa derivatives play a crucial role in enhancing the flavor profile of chocolate. The unique taste and aroma associated with cocoa contribute to consumers' sensory experience with high-quality chocolate. The better the quality of cocoa derivatives, the more appealing the chocolate product is to consumers. Additionally, the ongoing global trend of urbanization, accompanied by changing lifestyles, has increased demand for convenient and indulgent food products. Urban consumers, with busier schedules and higher disposable incomes, often seek ready-to-eat bakery and confectionery items. Cocoa derivatives, being key ingredients in these products, witness heightened demand. The enduring popularity of sweet indulgences, including pastries, cakes, cookies, and chocolates, has fueled the growth of the bakery and confectionery industry. Consumers across demographics indulge in these treats as comfort food or to celebrate special occasions, driving the demand for cocoa derivatives that contribute to these products' rich, flavorful profiles.

However, cocoa is a major input cost in the production of cocoa derivatives. The cost of cocoa beans represents a substantial portion of the overall production costs for manufacturers. Fluctuations in cocoa prices directly influence the cost of raw materials, subsequently affecting the cost of producing cocoa derivatives. The cocoa sector is subject to supply and demand dynamics influenced by weather conditions, geopolitical events, and changes in consumer preferences. When the supply of cocoa is affected by factors like unfavorable weather conditions or political instability in cocoa-producing regions, it can lead to price fluctuations due to changes in supply and demand. Sharp increases in cocoa prices can squeeze profit margins if manufacturers cannot pass on the increased costs to consumers. Conversely, decreases in cocoa prices may affect revenue if product prices are slow to adjust. Thus, these factors can limit the expansion of the cocoa derivatives market.

Application Outlook

On the basis of application, the cocoa derivatives market is divided into food & beverage, personal care & cosmetics, and others. The food and beverage segment recorded the maximum revenue share in the cocoa derivatives market in 2022. Chocolate confectionery remains a major driver of the cocoa derivatives market within the food and beverage segment. The popularity of chocolate as a treat, snack, or gift contributes to a consistent demand for cocoa-derived products. Cocoa powder is a key ingredient in hot chocolate and cocoa-based beverages. The rise of specialty hot chocolate drinks and innovative cocoa-infused beverages contributes to the growing demand for cocoa derivatives. These aspects will help in the expansion of the segment.

Distribution Channel Outlook

Based on distribution channel, the cocoa derivatives market is divided into B2B and B2C. In 2022, the B2C segment witnessed a substantial revenue share in the cocoa derivatives market. B2C brands focus on flavor innovation, introducing unique and exotic flavor combinations to differentiate their products. This includes incorporating spices, herbs, fruits, and other ingredients to create distinctive cocoa-derived offerings. The B2C segment has witnessed the introduction of functional chocolates that go beyond traditional indulgence. Products infused with superfoods, adaptogens, or health-promoting ingredients cater to consumers seeking pleasure and functional benefits. Therefore, the segment will expand rapidly in the coming years.

B2C Outlook

The B2C segment is divided into online sales, hypermarkets/supermarkets, wholesale stores, and others. The online sales segment held a substantial revenue share in the cocoa derivatives market in 2022. Consumers are increasingly turning to online platforms for convenience shopping from the comfort of their homes. The ease of browsing and purchasing online has become a significant factor in the preference for e-commerce channels. Online sales allow cocoa derivative manufacturers and retailers to reach a broader and global market. Consumers from different regions can access a wide range of cocoa products, increasing market visibility and accessibility. These factors will pose lucrative growth prospects for the segment.

Product Outlook

Based on product, the cocoa derivatives market is segmented into cocoa powder, cocoa butter, cocoa mass/liquor, and others. The cocoa powder segment held the largest revenue share in the cocoa derivatives market in 2022. Growing trends of health-conscious consumer behavior have led to an increased demand for cocoa products perceived as healthier. Cocoa powder, especially unsweetened and not heavily processed, is often considered a healthier alternative to chocolate bars and candies. These factors will lead to increased demand in the segment.

Regional Outlook

By region, the cocoa derivatives market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired the highest revenue share in the cocoa derivatives market. Europe has a rich history and cultural affinity for chocolate consumption. Chocolate is deeply ingrained in European culinary traditions and is often associated with indulgence, celebrations, and everyday enjoyment. European countries, including Switzerland, Belgium, and Germany, consistently rank globally among the highest per capita chocolate consumption. Therefore, the segment will grow rapidly in the upcoming years.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Olam Group Limited (Temasek Capital), Cargill, Incorporated, JB Foods Limited, The Barry Callebaut Group, Indcre, S.A., Moner Cocoa, S.A., BASF SE, Buhler Group, Mondelez International, Inc., and Nestle S.A.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Food & Beverage
  • Personal Care & Cosmetics
  • Others
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • B2B
  • B2C
  • Hypermarkets/Supermarkets
  • Wholesale Stores
  • Online sales
  • Others
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Cocoa Powder
  • Cocoa Butter
  • Cocoa Mass/Liquor
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Olam Group Limited (Temasek Capital)
  • Cargill, Incorporated
  • JB Foods Limited
  • The Barry Callebaut Group
  • Indcre, S.A.
  • Moner Cocoa, S.A.
  • BASF SE
  • Buhler Group
  • Mondelez International, Inc.
  • Nestle S.A.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Cocoa Derivatives Market, by Application
1.4.2 Global Cocoa Derivatives Market, by Distribution Channel
1.4.3 Global Cocoa Derivatives Market, by Product
1.4.4 Global Cocoa Derivatives Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Global Cocoa Derivatives Market by Application
4.1 Global Food & Beverage Market by Region
4.2 Global Personal Care & Cosmetics Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Cocoa Derivatives Market by Distribution Channel
5.1 Global B2B Market by Region
5.2 Global B2C Market by Region
5.3 Global Cocoa Derivatives Market by B2C Type
5.3.1 Global Hypermarkets/Supermarkets Market by Region
5.3.2 Global Wholesale Stores Market by Region
5.3.3 Global Online sales Market by Region
5.3.4 Global Others Market by Region
Chapter 6. Global Cocoa Derivatives Market by Product
6.1 Global Cocoa Powder Market by Region
6.2 Global Cocoa Butter Market by Region
6.3 Global Cocoa Mass/Liquor Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Cocoa Derivatives Market by Region
7.1 North America Cocoa Derivatives Market
7.1.1 North America Cocoa Derivatives Market by Application
7.1.1.1 North America Food & Beverage Market by Country
7.1.1.2 North America Personal Care & Cosmetics Market by Country
7.1.1.3 North America Others Market by Country
7.1.2 North America Cocoa Derivatives Market by Distribution Channel
7.1.2.1 North America B2B Market by Region
7.1.2.2 North America B2C Market by Region
7.1.2.3 North America Cocoa Derivatives Market by B2C Type
7.1.2.3.1 North America Hypermarkets/Supermarkets Market by Country
7.1.2.3.2 North America Wholesale Stores Market by Country
7.1.2.3.3 North America Online sales Market by Country
7.1.2.3.4 North America Others Market by Country
7.1.3 North America Cocoa Derivatives Market by Product
7.1.3.1 North America Cocoa Powder Market by Country
7.1.3.2 North America Cocoa Butter Market by Country
7.1.3.3 North America Cocoa Mass/Liquor Market by Country
7.1.3.4 North America Others Market by Country
7.1.4 North America Cocoa Derivatives Market by Country
7.1.4.1 US Cocoa Derivatives Market
7.1.4.1.1 US Cocoa Derivatives Market by Application
7.1.4.1.2 US Cocoa Derivatives Market by Distribution Channel
7.1.4.1.3 US Cocoa Derivatives Market by Product
7.1.4.2 Canada Cocoa Derivatives Market
7.1.4.2.1 Canada Cocoa Derivatives Market by Application
7.1.4.2.2 Canada Cocoa Derivatives Market by Distribution Channel
7.1.4.2.3 Canada Cocoa Derivatives Market by Product
7.1.4.3 Mexico Cocoa Derivatives Market
7.1.4.3.1 Mexico Cocoa Derivatives Market by Application
7.1.4.3.2 Mexico Cocoa Derivatives Market by Distribution Channel
7.1.4.3.3 Mexico Cocoa Derivatives Market by Product
7.1.4.4 Rest of North America Cocoa Derivatives Market
7.1.4.4.1 Rest of North America Cocoa Derivatives Market by Application
7.1.4.4.2 Rest of North America Cocoa Derivatives Market by Distribution Channel
7.1.4.4.3 Rest of North America Cocoa Derivatives Market by Product
7.2 Europe Cocoa Derivatives Market
7.2.1 Europe Cocoa Derivatives Market by Application
7.2.1.1 Europe Food & Beverage Market by Country
7.2.1.2 Europe Personal Care & Cosmetics Market by Country
7.2.1.3 Europe Others Market by Country
7.2.2 Europe Cocoa Derivatives Market by Distribution Channel
7.2.2.1 Europe B2B Market by Country
7.2.2.2 Europe B2C Market by Country
7.2.2.3 Europe Cocoa Derivatives Market by B2C Type
7.2.2.3.1 Europe Hypermarkets/Supermarkets Market by Country
7.2.2.3.2 Europe Wholesale Stores Market by Country
7.2.2.3.3 Europe Online sales Market by Country
7.2.2.3.4 Europe Others Market by Country
7.2.3 Europe Cocoa Derivatives Market by Product
7.2.3.1 Europe Cocoa Powder Market by Country
7.2.3.2 Europe Cocoa Butter Market by Country
7.2.3.3 Europe Cocoa Mass/Liquor Market by Country
7.2.3.4 Europe Others Market by Country
7.2.4 Europe Cocoa Derivatives Market by Country
7.2.4.1 Germany Cocoa Derivatives Market
7.2.4.1.1 Germany Cocoa Derivatives Market by Application
7.2.4.1.2 Germany Cocoa Derivatives Market by Distribution Channel
7.2.4.1.3 Germany Cocoa Derivatives Market by Product
7.2.4.2 UK Cocoa Derivatives Market
7.2.4.2.1 UK Cocoa Derivatives Market by Application
7.2.4.2.2 UK Cocoa Derivatives Market by Distribution Channel
7.2.4.2.3 UK Cocoa Derivatives Market by Product
7.2.4.3 France Cocoa Derivatives Market
7.2.4.3.1 France Cocoa Derivatives Market by Application
7.2.4.3.2 France Cocoa Derivatives Market by Distribution Channel
7.2.4.3.3 France Cocoa Derivatives Market by Product
7.2.4.4 Russia Cocoa Derivatives Market
7.2.4.4.1 Russia Cocoa Derivatives Market by Application
7.2.4.4.2 Russia Cocoa Derivatives Market by Distribution Channel
7.2.4.4.3 Russia Cocoa Derivatives Market by Product
7.2.4.5 Spain Cocoa Derivatives Market
7.2.4.5.1 Spain Cocoa Derivatives Market by Application
7.2.4.5.2 Spain Cocoa Derivatives Market by Distribution Channel
7.2.4.5.3 Spain Cocoa Derivatives Market by Product
7.2.4.6 Italy Cocoa Derivatives Market
7.2.4.6.1 Italy Cocoa Derivatives Market by Application
7.2.4.6.2 Italy Cocoa Derivatives Market by Distribution Channel
7.2.4.6.3 Italy Cocoa Derivatives Market by Product
7.2.4.7 Rest of Europe Cocoa Derivatives Market
7.2.4.7.1 Rest of Europe Cocoa Derivatives Market by Application
7.2.4.7.2 Rest of Europe Cocoa Derivatives Market by Distribution Channel
7.2.4.7.3 Rest of Europe Cocoa Derivatives Market by Product
7.3 Asia Pacific Cocoa Derivatives Market
7.3.1 Asia Pacific Cocoa Derivatives Market by Application
7.3.1.1 Asia Pacific Food & Beverage Market by Country
7.3.1.2 Asia Pacific Personal Care & Cosmetics Market by Country
7.3.1.3 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Cocoa Derivatives Market by Distribution Channel
7.3.2.1 Asia Pacific B2B Market by Country
7.3.2.2 Asia Pacific B2C Market by Country
7.3.2.3 Asia Pacific Cocoa Derivatives Market by B2C Type
7.3.2.3.1 Asia Pacific Hypermarkets/Supermarkets Market by Country
7.3.2.3.2 Asia Pacific Wholesale Stores Market by Country
7.3.2.3.3 Asia Pacific Online sales Market by Country
7.3.2.3.4 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Cocoa Derivatives Market by Product
7.3.3.1 Asia Pacific Cocoa Powder Market by Country
7.3.3.2 Asia Pacific Cocoa Butter Market by Country
7.3.3.3 Asia Pacific Cocoa Mass/Liquor Market by Country
7.3.3.4 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Cocoa Derivatives Market by Country
7.3.4.1 China Cocoa Derivatives Market
7.3.4.1.1 China Cocoa Derivatives Market by Application
7.3.4.1.2 China Cocoa Derivatives Market by Distribution Channel
7.3.4.1.3 China Cocoa Derivatives Market by Product
7.3.4.2 Japan Cocoa Derivatives Market
7.3.4.2.1 Japan Cocoa Derivatives Market by Application
7.3.4.2.2 Japan Cocoa Derivatives Market by Distribution Channel
7.3.4.2.3 Japan Cocoa Derivatives Market by Product
7.3.4.3 India Cocoa Derivatives Market
7.3.4.3.1 India Cocoa Derivatives Market by Application
7.3.4.3.2 India Cocoa Derivatives Market by Distribution Channel
7.3.4.3.3 India Cocoa Derivatives Market by Product
7.3.4.4 South Korea Cocoa Derivatives Market
7.3.4.4.1 South Korea Cocoa Derivatives Market by Application
7.3.4.4.2 South Korea Cocoa Derivatives Market by Distribution Channel
7.3.4.4.3 South Korea Cocoa Derivatives Market by Product
7.3.4.5 Singapore Cocoa Derivatives Market
7.3.4.5.1 Singapore Cocoa Derivatives Market by Application
7.3.4.5.2 Singapore Cocoa Derivatives Market by Distribution Channel
7.3.4.5.3 Singapore Cocoa Derivatives Market by Product
7.3.4.6 Malaysia Cocoa Derivatives Market
7.3.4.6.1 Malaysia Cocoa Derivatives Market by Application
7.3.4.6.2 Malaysia Cocoa Derivatives Market by Distribution Channel
7.3.4.6.3 Malaysia Cocoa Derivatives Market by Product
7.3.4.7 Rest of Asia Pacific Cocoa Derivatives Market
7.3.4.7.1 Rest of Asia Pacific Cocoa Derivatives Market by Application
7.3.4.7.2 Rest of Asia Pacific Cocoa Derivatives Market by Distribution Channel
7.3.4.7.3 Rest of Asia Pacific Cocoa Derivatives Market by Product
7.4 LAMEA Cocoa Derivatives Market
7.4.1 LAMEA Cocoa Derivatives Market by Application
7.4.1.1 LAMEA Food & Beverage Market by Country
7.4.1.2 LAMEA Personal Care & Cosmetics Market by Country
7.4.1.3 LAMEA Others Market by Country
7.4.2 LAMEA Cocoa Derivatives Market by Distribution Channel
7.4.2.1 LAMEA B2B Market by Country
7.4.2.2 LAMEA B2C Market by Country
7.4.2.3 LAMEA Cocoa Derivatives Market by B2C Type
7.4.2.3.1 LAMEA Hypermarkets/Supermarkets Market by Country
7.4.2.3.2 LAMEA Wholesale Stores Market by Country
7.4.2.3.3 LAMEA Online sales Market by Country
7.4.2.3.4 LAMEA Others Market by Country
7.4.3 LAMEA Cocoa Derivatives Market by Product
7.4.3.1 LAMEA Cocoa Powder Market by Country
7.4.3.2 LAMEA Cocoa Butter Market by Country
7.4.3.3 LAMEA Cocoa Mass/Liquor Market by Country
7.4.3.4 LAMEA Others Market by Country
7.4.4 LAMEA Cocoa Derivatives Market by Country
7.4.4.1 Brazil Cocoa Derivatives Market
7.4.4.1.1 Brazil Cocoa Derivatives Market by Application
7.4.4.1.2 Brazil Cocoa Derivatives Market by Distribution Channel
7.4.4.1.3 Brazil Cocoa Derivatives Market by Product
7.4.4.2 Argentina Cocoa Derivatives Market
7.4.4.2.1 Argentina Cocoa Derivatives Market by Application
7.4.4.2.2 Argentina Cocoa Derivatives Market by Distribution Channel
7.4.4.2.3 Argentina Cocoa Derivatives Market by Product
7.4.4.3 UAE Cocoa Derivatives Market
7.4.4.3.1 UAE Cocoa Derivatives Market by Application
7.4.4.3.2 UAE Cocoa Derivatives Market by Distribution Channel
7.4.4.3.3 UAE Cocoa Derivatives Market by Product
7.4.4.4 Saudi Arabia Cocoa Derivatives Market
7.4.4.4.1 Saudi Arabia Cocoa Derivatives Market by Application
7.4.4.4.2 Saudi Arabia Cocoa Derivatives Market by Distribution Channel
7.4.4.4.3 Saudi Arabia Cocoa Derivatives Market by Product
7.4.4.5 South Africa Cocoa Derivatives Market
7.4.4.5.1 South Africa Cocoa Derivatives Market by Application
7.4.4.5.2 South Africa Cocoa Derivatives Market by Distribution Channel
7.4.4.5.3 South Africa Cocoa Derivatives Market by Product
7.4.4.6 Nigeria Cocoa Derivatives Market
7.4.4.6.1 Nigeria Cocoa Derivatives Market by Application
7.4.4.6.2 Nigeria Cocoa Derivatives Market by Distribution Channel
7.4.4.6.3 Nigeria Cocoa Derivatives Market by Product
7.4.4.7 Rest of LAMEA Cocoa Derivatives Market
7.4.4.7.1 Rest of LAMEA Cocoa Derivatives Market by Application
7.4.4.7.2 Rest of LAMEA Cocoa Derivatives Market by Distribution Channel
7.4.4.7.3 Rest of LAMEA Cocoa Derivatives Market by Product
Chapter 8. Company Profiles
8.1 Olam Group Limited (Temasek Capital)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 SWOT Analysis
8.2 Cargill, Incorporated
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Acquisition and Mergers:
8.2.2.2 Geographical Expansions:
8.2.3 SWOT Analysis
8.3 JB Foods Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 SWOT Analysis
8.4 The Barry Callebaut Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Indcre, S.A.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Moner Cocoa, S.A.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 BASF SE
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Buhler Group
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.9 Mondelez International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 SWOT Analysis
8.10. Nestle S.A
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
Chapter 9. Winning imperatives of Cocoa Derivatives Market

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