Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "LAMEA 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 Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global market for cocoa derivatives is experiencing a significant upward trajectory, as underlined by the latest comprehensive analysis focusing on the Latin America, Middle East, and Africa (LAMEA) region. With an anticipated 7.8% CAGR from 2023 to 2030, the sector is seeing a marked increase in demand influenced by shifts in consumer preferences and the rising popularity of premium chocolate products.
The surge in market growth corresponds with evolving trends such as an interest in finer, artisanal chocolates and a higher consumption of cocoa-rich dark chocolate, recognized for its health benefits. Notably, sustainability and ethical sourcing have become pivotal, with certification programs ensuring environmentally friendly cultivation, thereby underscoring ethical consumerism within the cocoa industry.
Bringing to the forefront the data-driven insights, the comprehensive market study explores the burgeoning demand for cocoa derivatives across diverse applications, including food & beverage, personal care & cosmetics, and more. The report delves into the significant factors that are fueling the market dynamics, such as the incorporation of exotic flavor profiles and the growing inclination toward westernized dietary habits in the LAMEA region.
Rise of B2C Channels
Distribution channels such as hypermarkets, supermarkets, and online sales are emerging as key facilitators in the accessibility of cocoa derivative products. With a structured segmentation between B2B and B2C distribution models, the report provides an extensive analysis of current market trends and future growth prospects.
Product-Based Insights
The investigation extends to an in-depth look at various products in the cocoa derivatives market. From cocoa powder and cocoa butter to cocoa mass/liquor, the study assesses individual contributions to market expansion and highlights the regions within LAMEA that demonstrate substantial growth.
Country-Wise Analysis
With Brazil leading the cocoa derivatives market in LAMEA by a considerable margin, the report forecasts continuous dominance till 2030. This is closely paralleled by promising growth exhibited by Argentina and the UAE, among other countries in the region.
In line with these insights, the analysis enlists major stakeholders that are influencing the cocoa derivatives market's trajectory. These key companies underline the competitive landscape and are pivotal in driving innovation and sustainable business practices within the market.
Comprehensive Coverage
The study ensures an exhaustive understanding of the LAMEA Cocoa Derivatives market by incorporating a vast expanse of data and insights into market size, share, and trends. It provides stakeholders, businesses, and investors with crucial data needed to make informed decisions in this evolving market space.
This insightful report is a testament to the meticulous and robust research methodologies employed in evaluating market trends and opportunities in the LAMEA Cocoa Derivatives sector. It stands as a valuable resource for anyone keen on understanding the nuances and future potential of this burgeoning market.
Companies Mentioned
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/jtqyqv
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