The Organic Cocoa Market share is expected to grow USD 15.80 Billion in 2030, with a compound annual growth rate of 8.10% during the forecast 2030.
According to estimates, the Organic Cocoa Market size will grow at a CAGR of 8.10% from 2022 to 2030. The primary drivers driving the market growth are rising personal disposable income and rising consumer awareness of the many health advantages of chocolate consumption, particularly in emerging nations. The Organic Cocoa Market size is predicted to reach approximately USD 15.80 billion by 2030. The market benefits include the increasing use of coca in the beverage and food industry and the increasing use of organic cocoa powder in pharmaceutical medications due to its antibacterial and anti-enzymatic capabilities. The market value of organic cocoa powder will increase due to increasing e-commerce platform use, the development and expansion of the e-commerce sector, particularly in developing economies, and westernization. The market for organic cocoa powder will face significant obstacles from negative effects brought on by heavy cocoa consumption.
COVID-19 Impact Analysis
When it swept the globe in 2019, the COVID-19 epidemic impacted almost every business. Lockdowns imposed by the government caused further issues, including employee loss and decreased revenue. The main companies experienced a labor shortage, which significantly impacted production efficiency. Additionally, the slump in demand for retail goods such as cocoa powder, beverages, and chocolates made it difficult for companies to plan their production and delivery. However, the growing security concerns increased the demand for organic products to ensure safe and wholesome use. Future expansion of the organic cocoa sector is predicted to be aided by the positive trend in consumer preferences for organic products.
Organic Cocoa Market Dynamics
The primary factor driving the expansion of the market globally is the growing consumer awareness of the health advantages of eating chocolate. The population of customers is significantly expanding, which is driving demand for organic cocoa. Consumption of cocoa products worldwide is expected to increase as disposable income rises in developing nations with expanding economies, including Korea, India, China, and Japan. A key driver of rising cocoa sales is customers' preference for high-quality products with high nutritional content.
The hectic modern lifestyles of customers worldwide have quickly changed how they acquire food. Customers tend to favor products that support overall health because they are safer and healthier. Since organic food is grown without pesticides, they are secure. The growing interest in natural, pesticide-free food items positively impacts the demand for organically cultivated chocolate in the food and beverage industries. Consumer demand for organic chocolate confections, sweets, bakery goods, and beverages has driven the market's expansion over the past few years.
The key issue for the chocolate confectionery, dessert, and bakery industries is the expense of organically grown cocoa, and the high price is expected to impede market expansion. Organic cocoa production is typically limited due to farmers' ignorance of organic growing techniques, which raises the ultimate price. With its high price and consumers' lesser disposable budgets, organically cultivated chocolate is less popular in South and Asia Pacific's developing markets. However, it is anticipated that increased attempts to increase organic production by raising awareness of modern farming techniques will aid in addressing the industry's price difficulties.
Chocolate confectioneries frequently use organic cocoa in their production. Consumer purchasing habits have quickly changed as consumer discretionary income has increased in established and developing nations. Nowadays, shoppers are looking for wholesome indulgences in all food categories. Since consumers' ability to spend more money on high-end goods has expanded over the past several years, specialty and premium confectioneries have become more popular. In Asian nations like Japan, China, and India, specialty and luxury chocolates are increasingly popular as gifts at festivals and other occasions. The millennial generation's fondness for high-end goods is predicted to continue to fuel the expansion of the market.
Product Type Insights
The Organic Cocoa Market segmentation, based on product type, is cocoa butter, cocoa liquor, and cocoa powder. Cocoa butter is the most popular variety of organically produced cocoa and has the biggest share in the Organic Cocoa Market growth due to its extensive use in producing various chocolate confectioneries. A confectionary made with chocolate has a delicious flavor and texture thanks to the addition of organic cocoa butter. In 2021, cocoa liquor witnessed considerable growth. The increased demand for high-end chocolate confections is the main factor driving the expansion of organic cocoa liquor.
The Organic Cocoa Market segmented based on application, is food & beverages, pharmaceuticals, and personal care. Food and beverage are predicted to represent a major market share in the application sector in 2021. The food and confectionery industries have a significant demand for organic cocoa products. Bars, chocolate tablets, pralines, confectionery items, and spreads all contain organic cocoa. Additionally, the pharmaceuticals sector showed the fastest growth rate in the market. Treating skin irritations, hair loss, and other health issues are only a few medicinal advantages of organic cocoa butter bulk. Unsaturated fats, which are good for the skin and hair, in addition to monounsaturated oleic acid, are also included in organic cocoa butter.
Organic Cocoa Market share by region, 2021 (%)
Organic Cocoa Market Overview by Region
By region, the Organic Cocoa Market has been divided into Europe, Asia-Pacific, North America, and the Rest of the World. Europe accounted for the most extensive market share. The fastest CAGR is anticipated for Asia Pacific during the review period.
Europe continues to be the largest market for the best organic cocoa due to growing knowledge of the superior safety of organic products over conventional ones. The demand for organic cocoa products has surged as European nations like Germany, France, and Italy are becoming more concerned with maintaining a healthy lifestyle. The organic cocoa supply and consistency must be sustainable and have the quality characteristics to satisfy a range of end uses. The market growth in the area is positively impacted by the chocolate market rapid rise in countries like Belgium, Switzerland, and Germany.
Asia Pacific is experiencing strong market growth due to the region's customers' rising levels of discretionary money. 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. Demand for organic cocoa in the area is anticipated to increase as consumers become more accustomed to eating foods with chocolate and cocoa flavors. Furthermore, the popularity of natural and organic products is rising all over South Korea. To keep up with current market trends, chocolate producers purchase raw materials with specific labels, such as organic and kosher cocoa.
Organic Cocoa Market Competitive Landscape
The market includes tier-1, tier-2, and local players. The market for organic cocoa that has been grown organically around the world is moderately consolidated, with a few multinational corporations controlling most of the market. For instance, in March 2022, Barry Callebaut announced the development of its Australian factories in Campbellfield and Melbourne. This move by the corporation is anticipated to increase the company's geographical footprints in Asia Pacific while producing high-quality and safe products. Furthermore, the facility will most likely serve the Australian chocolate industry, from local and global manufacturers to professional and artisanal chocolate customers. Furthermore, in January 2022, Blommer Chocolate Company, North America's leading cocoa processor and ingredient chocolate supplier, announced the launch of a new R&D Applications Lab in The Merchandise Mart in downtown Chicago, IL. This space represents an expansion of R&D capabilities, full of new and enhanced ways to serve both business and R&D.
Prominent players in the Organic Cocoa Market research include Kraft Foods Inc. (US), Cargill Incorporated (US), Tradin Organic Agriculture B.V. (Netherlands), Ciranda (US), Blommer Chocolate Company (US), Artisan Confections Company (US), Pascha Company (Canada), Internatural Foods Llc (US), Wilmor Publishing Corp. (US), Barry Callebaut (Switzerland), Olam International (Singapore), Sunopta (Canada), Jindal Cocoa (India), Moner Cocoa S.A. (Spain), And Carlyle Cocoa Co Llc (US).
Scope of the Organic Cocoa Market Report
Product Type Outlook
Rest of the World
Objectives of the Study
The study's goals are outlined in five stages. They are listed below:
Organic Cocoa Market Forecast and Size:
To identify and estimate the market size for the Market report segmented by product type and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Organic Cocoa Market forecast between 2022 and 2030
Market Landscape and Trends:
To identify the Organic Cocoa Market growth and infer the drivers, restraints, opportunities, and challenges.
Market Influencing Factors:
To find out the factors which are affecting the Organic Cocoa Market size
Impact of COVID-19:
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 15.80 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kraft Foods Inc. (US), Cargill Incorporated (US), Tradin Organic Agriculture B.V. (Netherlands), Ciranda (US), Blommer Chocolate Company (US), Artisan Confections Company (US), Pascha Company (Canada), Internatural Foods Llc (US)|
|Key Market Opportunities||Consumer demand for specialty and premium chocolates is growing, driving market growth|
|Key Market Drivers||Increasing demand for organic food products to fuel market growth|
The Organic Cocoa Market forecast period is 2022 - 2030
The market is expected to register a CAGR of ~8.1% over the next 10 years.
The greatest CAGR is anticipated to be seen in Asia Pacific during 2022 - 2030
Europe held the largest share in 2021
The market size is expected to be USD 15.84 billion by 2030.
Wilmor Publishing Corp. (US), Ciranda (US), Jindal Cocoa (India), and Kraft Foods Inc. (US) are the major companies operating in the market.