Organic Cocoa Market Forecasts to 2030 – Global Analysis By Product Type (Liquor, Powder, Butter, Beans, Bars, Spreads and Other Product Types), Type, Distribution Channel, Application and By Geography

Organic Cocoa Market Forecasts to 2030 – Global Analysis By Product Type (Liquor, Powder, Butter, Beans, Bars, Spreads and Other Product Types), Type, Distribution Channel, Application and By Geography

According to Stratistics MRC, the Global Organic Cocoa Market is accounted for $8.7 billion in 2023 and is expected to reach $12.5 billion by 2030 growing at a CAGR of 5.3% during the forecast period. Organic chocolate is made from ingredients that are organically farmed on a certified organic farm. In the food and beverage business, cocoa is one of the most commonly utilized raw ingredients. It contains a lot of polyphenol, a type of antioxidant that lowers blood pressure and fights inflammation. The only ingredient used to make dark chocolate is cocoa. Chocolate lowers the risk of heart disease and offers some nourishment essential to the body's growth and development. It must be produced or farmed without the use of synthetic fertilizers, pesticides, herbicides, or genetically engineered organisms.

According to ITC Trade Map, EU-28 imported an estimated 2.0 million tonnes of cocoa beans in 2020. European Commission data show that total EU-28 imports of organic cocoa beans amounted to 76,000 tonnes that year, representing 3.9% of total cocoa bean imports.

Market Dynamics:

Driver:

Consumer preference towards speciality and premium chocolates

Organic cocoa is widely used in the manufacturing of chocolate confections. Consumer spending patterns have fast changed as disposable income has expanded in both developed and emerging countries. Specialty and premium confectioneries have grown in popularity as consumers have more money to spend on high-end goods during the past few years. The millennial generation's preference for high-end products is expected to continue to fuel market growth.

Restraint:

Effects of excessive cocoa consumption

Caffeine side effects, such as anxiousness, increased urination, insomnia, and a rapid heartbeat, may be brought on by excessive consumption. Because it includes heavy metals and caffeine, consuming chocolate in excessive quantities may be dangerous. Both allergic skin responses and migraines may be brought on by cocoa. Additionally, it may result in gas, constipation, nausea, and stomach discomfort. These are the things preventing the market from expanding.

Opportunity:

Increasing demand for organic cocoa products

A variety of desserts, beverages, and savory foods that feature cocoa are being offered by restaurants, cafes, and bakeries. To improve the whole dining experience, chefs and other culinary experts are experimenting with organic cocoa's adaptability and developing new flavor combinations. The growing use of organic cocoa products in culinary and food service applications offers manufacturers and suppliers the chance to grow their clientele and forge alliances with significant players in the food service sector.

Threat:

High Product Cost

The cost of organically produced cocoa is a significant issue for the chocolate confectionery, dessert, and bread industries, and the high price is expected to impede market expansion. Farmers' lack of knowledge about organic farming techniques typically results in limited production, raising the final price of chocolate grown organically. However, it is anticipated that further attempts to increase organic production by promoting modern agricultural techniques will aid in addressing the industry's price concerns.

Covid-19 Impact:

The decrease in consumer demands for retail goods such cocoa powder, beverages, and chocolates made it difficult for producers to schedule production and distribution. Therefore, it is evident that demand increased during COVID-19. Due to an increase in illnesses and decreased economic activity, the market need will expand more than expected in the near future. However, it cannot be denied that the pandemic's spread resulted in lockdowns, supply chain interruptions, and issues with product availability.

The butter services segment is expected to be the largest during the forecast period

The butter services segment is expected to be the largest during the forecast period. Because it is used so extensively in the creation of numerous chocolate confectioneries, cocoa butter is the most widely used type of organically produced cocoa and accounts for the largest portion of market growth. The use of organic cocoa butter gives a chocolate confection a delectable flavor and texture. The main driver of the growth of organic cocoa liquor is the rising demand for upscale chocolate confections.

The confectionery segment is expected to have the highest CAGR during the forecast period

The confectionery segment is expected to have the highest CAGR during the forecast period. Organic cocoa is included in bars, chocolate tablets, pralines, candy, and spreads. Additionally, the market's fastest growth rate was in the pharmaceuticals sector. Only a few of the therapeutic benefits of organic cocoa butter bulk include treating skin irritations, hair loss, and other health difficulties. In addition to monounsaturated oleic acid, organic cocoa butter also contains unsaturated fats that are beneficial for the skin and hair.

Region with largest share:

North America is projected to hold the largest market share during the forecast period, owing to the growing population size of individuals consuming cocoa products. Consumers are looking for healthier alternatives across all food aisles. The market's expansion is also considerably fuelled by the rising appeal of specialty and artisanal chocolates. In addition, the demand for cocoa in cosmetics and personal care items is predicted to drive the growth of the organic cocoa market.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the the rise in demand for cocoa from the food and beverage industry. The demand for cocoa that is produced organically has expanded across the dairy, confectionery, beverage, bakery, and baking industries due to customers' increasing willingness to spend money on healthy products. Additionally, it is anticipated that consumer lifestyle changes and growing knowledge of the health advantages of cocoa will boost market demand.

Key players in the market

Some of the key players in Organic Cocoa market include Guan Chong Berhad, Jindal Cocoa, Conacado AgroIndustrial S.A., Olam International Limited, The Hershey Company, Artisan Confections Company, Blommer Chocolate Co., Pascha Chocolate Co., Kraft Foods Inc., Cargill, Inc., Barry Callebaut AG, Blommer Chocolate Company, Tradin Organic Agriculture B.V. and Internatural Foods Llc.

Key Developments:

In March 2023, the new brand from the founders of Pascha makes almond, oat, coconut and hazelnut milk the star ingredients, leaning into what consumers love about the popular alternatives. LOVO, Swiss-made chocolate has launched four varieties of plant-based milks.

In February 2023, Hershey India Pvt. Ltd., a subsidiary of The Hershey Company, a leading global snacking and confectionery company, announced its first foray into the chocolatey coated-wafer market. The launch of HERSHEY’S Choco Tubes marks its entry into the Rs 2,000 crore coated-wafer biscuit chocolate segment in India.

In January 2022, Cargill’s ExtraVeganZa launched taps sunflower kernel powder for “truly indulgent” vegan chocolate. Cargill is targeting Europe’s growing flexitarian appetite with a new range of vegan chocolate and couverture chocolates.

Product Types Covered:
• Liquor
• Powder
• Butter
• Beans
• Bars
• Spreads
• Other Product Types

Types Covered:
• Cheddar
• Parmesan
• Mozzarella
• Other Types

Forms Covered:
• Cubes
• Spreads
• Blocks
• Slice
• Other Forms

Distribution Channels Covered:
• Specialty Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Online Retail

Applications Covered:
• Beverages
• Confectionery
• Bakery Products
• Cosmetics
• Pharmaceuticals
• Personal Care
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Companies Mentioned
Guan Chong Berhad
Jindal Cocoa
Conacado AgroIndustrial S.A.
Olam International Limited
The Hershey Company
Artisan Confections Company
Blommer Chocolate Co.
Pascha Chocolate Co.
Kraft Foods Inc.
Cargill, Inc.
Barry Callebaut AG
Blommer Chocolate Company
Tradin Organic Agriculture B.V.
Internatural Foods Llc