North America Cocoa Market Size, Share & Trends Analysis Report By Application, By Product Type (Cocoa Beans, Cocoa Powder & Cake, Cocoa Butter, Chocolate, and Others), By Country and Growth Forecast, 2023 - 2030

North America Cocoa Market Size, Share & Trends Analysis Report By Application, By Product Type (Cocoa Beans, Cocoa Powder & Cake, Cocoa Butter, Chocolate, and Others), By Country and Growth Forecast, 2023 - 2030


The North America Cocoa Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 843.7 Kilo Tonnes, showcasing a growth of 4.6% (2019-2022).

The confectionery industry remains the primary adopter of cocoa, utilizing it as a fundamental ingredient in producing various chocolate products. The timeless appeal of chocolate and innovative product offerings has sustained the demand for this product within this sector. The adoption of this in confectionery extends from mass-produced chocolate bars to artisanal, premium creations catering to diverse consumer tastes and preferences. It's adoption in the beverage industry has seen a remarkable expansion.

The growing demand for premium and specialty beverages has further fuelled the adoption of high-quality cocoa in producing chocolate-based drinks. The adoption of this in the cosmetics and personal care industry is marked using its butter. It is recognized for its moisturizing and emollient properties, so this butter is widely adopted in skincare products, lip balms, hair conditioners, and other beauty formulations. Consumer preferences for natural ingredients and a desire for products that provide sensory pleasure and skin benefits promote its growth in this industry.

The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. E-commerce platforms allow the businesses to implement effective digital marketing strategies in Mexico. Social media campaigns, influencer collaborations, and online advertising increase brand visibility, attracting a wider audience and driving sales in Mexico. Hence, the factors mentioned above will drive the regional market growth.

The US market dominated the North America Cocoa Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,475.4 Million by 2030. The Canada market is experiencing a CAGR of 6.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6% during (2023 - 2030).

Based on Application, the market is segmented into Confectionery, Food & Beverages, Cosmetics, and Pharmaceutical. Based on Product Type, the market is segmented into Cocoa Beans, Cocoa Powder & Cake, Cocoa Butter, Chocolate, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • The Barry Callebaut Group
  • JB Foods Limited
  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ciranda, Inc.
  • Nestle S.A
  • Mars, Inc.(Kind LLC)
  • Meiji Holdings Co., Ltd.
  • Olam International Limited
  • The Hershey Company (Hershey Trust Company)
North America Cocoa Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Confectionery
  • Food & Beverages
  • Cosmetics
  • Pharmaceutical
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Cocoa Beans
  • Cocoa Powder & Cake
  • Cocoa Butter
  • Chocolate
  • Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cocoa Market, by Application
1.4.2 North America Cocoa Market, by Product Type
1.4.3 North America Cocoa Market, by Country
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 Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Cocoa Market.
Chapter 5. North America Cocoa Market, by Application
5.1 North America Confectionery Market, by Country
5.2 North America Food & Beverages Market, by Country
5.3 North America Cosmetics Market, by Country
5.4 North America Pharmaceutical Market, by Country
Chapter 6. North America Cocoa Market, by Product Type
6.1 North America Cocoa Beans Market, by Country
6.2 North America Cocoa Powder & Cake Market, by Country
6.3 North America Cocoa Butter Market, by Country
6.4 North America Chocolate Market, by Country
6.5 North America Others Market, by Country
Chapter 7. North America Cocoa Market, by Country
7.1 US Cocoa Market
7.1.1 US Cocoa Market, by Application
7.1.2 US Cocoa Market, by Product Type
7.2 Canada Cocoa Market
7.2.1 Canada Cocoa Market, by Application
7.2.2 Canada Cocoa Market, by Product Type
7.3 Mexico Cocoa Market
7.3.1 Mexico Cocoa Market, by Application
7.3.2 Mexico Cocoa Market, by Product Type
7.4 Rest of North America Cocoa Market
7.4.1 Rest of North America Cocoa Market, by Application
7.4.2 Rest of North America Cocoa Market, by Product Type
Chapter 8. Company Profiles
8.1 The Barry Callebaut Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 JB Foods Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 SWOT Analysis
8.3 Archer Daniels Midland Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Cargill, Incorporated
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Acquisition and Mergers:
8.4.3 SWOT Analysis
8.5 Ciranda, Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Nestle S.A
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Mars, Inc. (Kind LLC)
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Meiji Holdings Co., Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Olam International Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 SWOT Analysis
8.10. The Hershey Company (Hershey Trust Company)
8.10.1 Company overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 SWOT Analysis

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