Future Market Insights, Dubai: Valued at US$ 10 Bn in 2019, cacao beans market will grow at a robust CAGR during the forecast
period (2019 – 2029). Increasing demand for organic ingredients in modern
households and foodservice companies present an emerging source of continuous
revenues. According to a new study by Future Market Insights (FMI), sales of cacao
beans have surpassed traditional offline channels, witnessing a measurable
uptick via online channels.
Key Research Findings of FMI’s Cacao Beans Market Study
- Owing to high
availability, forastero cacao beans will maintain share-wide dominance.
- On the back of
rarity, criollo beans will register significant sales growth during the
industry will generate highest demand for cacao beans.
- Europe continues to
lead the market, with over 47% revenue share.
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Key Growth Drivers – Cacao Beans Market
demand from the foodservice sector is driving market growth.
health-conscious consumer population assists the growth of market.
- String presence
of leading cacao grinders and processors in Netherlands, Germany, Belgium,
France, and UK will drive growth in the European Union.
application in bakery & confectionary will bolster demand through the end
Key Impediments – Cacao Beans Market
- Low yield of criollo
beans continues to pose a restraint for cacao beans market.
- Growing interest
in artificial cacao flavor production in lab is challenging traditional
manufacturers in the market.
Explore the complete cacao beans
market report with detailed market segmentation, 152 illustrative figures, and
128 data tables spread across 250 pages on https://www.futuremarketinsights.com/askus/rep-gb-11089
Competitive Analysis – Cacao Beans Market
players are consolidating the cacao supply chain through mergers and
acquisitions. For instance, Barry Callebaut acquired Russian chocolate producer
Inforum in February, 2019. Few prominent producers in the cacao beans market
are Cargill Inc., Theobroma
B.V., Olam International Limited, Ciranda Inc., Edna Group, Barry Callebaut AG,
Dutch Cocoa B.V., Kakao Berlin, Niche Cocoa Industry Ltd., PT. Danora Agro
Prima, Nederland SA, Cocoa Processing Company, India Cocoa Pvt Ltd., United
Cocoa Processors Inc., BT Cocoa among others.
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About the Report
This report offers global, regional,
and national level analysis on the latest trends in the industry influencing
the overarching performance of cacao beans market. The study provides
actionable insights on the cacao beans market on the basis of product type
(Forastero, Criollo, Trinitario), end-use applications (food & beverages,
pharmaceuticals, cosmetic & personal care, pet food, household/retail, and
HoReCa/Foodservices), distribution channel (B2B and B2C), and across seven key
regions (North America, Latin America, Europe, Middle East & Africa, East
Asia, South Asia, and Oceania).
About Future Market Insights (FMI)
Future Market Insights (FMI) is a
leading market intelligence and consulting services firm, serving clients in
over 150 countries. FMI is headquartered in London,
the global financial capital, and has delivery centres in the U.S. and India.
FMI’s latest market research reports and industry
analysis help businesses navigate challenges and take critical decisions with confidence
and clarity amidst breakneck competition.
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