Global Organic Cocoa Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Organic Cocoa Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The cocoa bean is a dried and fully fermented seed, from which cocoa solids and cocoa butter can be extracted. Cocoa beans are the basis of chocolate, and are used in some other foods as well such as Mesoamerican foods. It is the heated form of cacao which undergoes a high temperature of heat during the processing. It still retains a large amount of antioxidants and is good for heart, skin, blood pressure, and stress levels. Organic cocoa is a bit more acidic and bitter than the normal cocoa. Organic cocoa is majorly used by premium chocolate brands to make chocolates. It is also used in personal care products as organic cocoa contains nutrients such as minerals, vitamins, antioxidants, and others which are beneficial for maintaining a healthy skin.

Market Overview:

The latest research study on the global Organic Cocoa market finds that the global Organic Cocoa market reached a value of USD 652.8 million in 2022. It’s expected that the market will achieve USD 950.01 million by 2028, exhibiting a CAGR of 6.45% during the forecast period.

Consistently growing organic chocolate market fuels the market growth of the Organic Cocoa industry accordingly

Organic chocolates are certified with concerned regulatory bodies such as USDA Certified Organic, and do not contain any type of preservatives, artificial colors or GMOs during manufacturing process. The cocoa used in the process is also devoid of any synthetic fertilizers and pesticides. Higher nutritional and health benefits of organic chocolate has resulted in large scale demand worldwide. In addition, celebrity endorsements and promotions activities are also playing a significant role in the increasing sales of organic chocolate.
Organic cocoa is an essential ingredient for making organic chocolate. Additionally, for the production of organic chocolates, the use of artificial chemical preservatives is also restricted. Advancement in technology and increased health consciousness among consumers, and rising consciousness about the demerits of consumption of chemical-containing products will continuously propel the demand for organic products.

Political instability in organic cocoa producing countries

In those regions producing organic cocoa such as Dominican Republic, Côte d'Ivoire and Venezuela. Political uncertainty associated with the high-stakes presidential election in October 2020 in Côte d'Ivoire plus possible international prices fall may lend the organic cocoa industry with further difficulties in terms of supply potential of cocoa. As for Dominican Republic, the country has a shaky political and economic outlook and a relatively volatile business environment which may also affect cocoa production and export of its products.

Increasing demand for cocoa from the food and beverage industry, bakery

Innovations and new product development are increasingly observed in bakery products, like cakes, pastries, and cookies. The traditional morning goods in developed markets such as Europe are witnessing the rise of gluten-free, whole grain, GMOs-free and additive-free products, which have the potential of higher sales, with the growing demand for instant and nutritious baked products. The organic cocoa powder is a must for any bakery, the strong and stable demand for organic cocoa in these regions is expected to support the market growth.

Region Overview:

Europe is projected to account for a considerable share of the Organic Cocoa market and is expected to become the largest region by 2028.

Company Overview:

Barry Callebaut is one of the major players operating in the Organic Cocoa market, holding a share of 28.67% in 2023.

Barry Callebaut

The Barry Callebaut Group is the world’s leading manufacturer of high-quality chocolate and cocoa. They are the heart and engine of the cocoa and chocolate industry. The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these Gourmet customers are Callebaut® and Cacao Barry®.

Olam

Olam is an international integrated supplier of both raw and processed agricultural commodities. The Group sources, processes, stores, transports, ships, distributes, trades and markets agricultural products. Olam International also provides insurance related services.

Segmentation Overview:

As for product types, the Cocoa Powder segment held the largest market share in 2022.

Application Overview:

In the Organic Cocoa market, 49.23% of the total value was generated through the Confectionery segment by application in 2022.

Key Companies in the global Organic Cocoa market covered in Chapter 3:

SunOpta
Olam
Cargill
Ciranda
Carlyle Cocoa
Barry Callebaut
Blommer

In Chapter 4 and Chapter 14.2, on the basis of types, the Organic Cocoa market from 2018 to 2029 is primarily split into:

Cocoa Liquor
Cocoa Powder
Cocoa Butter

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Organic Cocoa market from 2018 to 2029 covers:

Confectionery
Food and Beverage

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)