
South & Central America Cocoa Derivatives Market
No. of Pages: 119 | Report Code: BMIRE00028719 | Category: Food and Beverages
No. of Pages: 119 | Report Code: BMIRE00028719 | Category: Food and Beverages
Cocoa is one of the most beneficial beauty ingredients promoting healthy skin and, thus, is commonly employed in the cosmetic industry. It is rich in omega-6 fatty acids, polyphenols, flavonoids, and antioxidants, and can be used to make a variety of skincare and cosmetic products. For instance, cocoa butter is widely used in moisturizers, lip balm, and body butter due to its high fatty acid content. It helps reduce wrinkles, scars, and other marks on human skin. Cocoa butter helps to protect against sunburn. Moreover, cocoa butter exhibits therapeutic benefits against skin irritations, hair loss, and other health concerns. Its unsaturated fat and monounsaturated oleic acid content contributes to hair and skin health. Similarly, cocoa powder can be used to make many do-it-yourself (DIY) natural beauty recipes, including dry shampoo and eye shadow. Cocoa is also used significantly as a coloring and flavoring agent in cosmetics. With the increasing consumer demand for cocoa-based cosmetics due to their beneficial properties, manufacturers are utilizing this substance as a sustainable beauty ingredient. Such product innovation by manufacturers boosts the demand for cocoa derivatives, thereby bolstering the market growth.
The South & Central America cocoa derivatives market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil stands as the seventh-largest cocoa producer and fifth-largest chocolate consumer in the world. According to the National Association of the Cocoa Processing Industry (AIPC), total grinding in 2021 reached 224,168 tons, 4.4% more than in 2020. According to Nasdaq—Cargill, Incorporated, Olam International, and Barry Callebaut are the major processors in the country, with the cumulative capacity to grind cocoa beans 275,000 tons per year. With such an increase in cocoa grinding by the processors across the region, the adoption of cocoa powder, cocoa butter, cocoa liquor, and cocoa beans is growing in South & Central American countries. According to the Observatory of Economic Complexity (OEC), Argentina exported chocolate worth US$ 74.3 million in 2020. The leading destinations of chocolate exports for Argentina are Brazil, Uruguay, Chile, and Paraguay, with exports worth US$ 35.1 million, US$ 8.48, US$ 4.94M, and US$ 4.61M, respectively. This increased in export and increased demand for cocoa and cocoa products is backed by the factors such as the cocoa consumers in the South & Central America are not generally price sensitive. The consumers in the region are highly aware of the benefits of consuming cocoa and its derivatives, which propels the demand for cocoa derivatives in the food & beverages industry. Also, the demand for cosmetics infused with plant-based ingredients is fueling the cocoa derivatives sales in the cosmetics and personal care industry in the region, in turn, bolstering the South & Central America cocoa derivatives market growth.
Strategic insights for the South & Central America Cocoa Derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the South & Central America Cocoa Derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.South & Central America Cocoa Derivatives Strategic Insights
South & Central America Cocoa Derivatives Report Scope
Report Attribute
Details
Market size in 2022
US$ 2,285.25 Million
Market Size by 2028
US$ 3,125.16 Million
Global CAGR (2022 - 2028)
5.4%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Category
By Application
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South & Central America Cocoa Derivatives Regional Insights
South & Central America Cocoa Derivatives Market Segmentation
The South & Central America Cocoa Derivatives Market is segmented into type, category, application, and country.
Based on type, the South & Central America Cocoa Derivatives Market is segmented into cocoa butter, cocoa beans, cocoa powder, and others. In 2022, the cocoa beans segment registered a largest share in the South & Central America cocoa derivatives market.
Based on category, the South & Central America Cocoa Derivatives Market is bifurcated into organic and conventional. In 2022, the conventional segment registered a larger share in the South & Central America cocoa derivatives market.
Based on application, the South & Central America Cocoa Derivatives Market is segmented into food and beverages, personal care, and other. In 2022, the food and beverages segment registered a largest share in the South & Central America cocoa derivatives market. The food and beverages segment is further segmented into bakery and confectionery, dairy and frozen desserts, beverages, and other food and beverages.
Based on country, the South & Central America Cocoa Derivatives Market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered a largest share in the South & Central America cocoa derivatives market.
Barry Callebaut AG, Cargill, Inc, Ecuakao Group Ltd, Indcre SA, JB Foods Ltd, MONERA COCOA SA, Natra SA, and Olam Groupe Ltd are the leading companies operating in the South & Central America cocoa derivatives market.
The South & Central America Cocoa Derivatives Market is valued at US$ 2,285.25 Million in 2022, it is projected to reach US$ 3,125.16 Million by 2028.
As per our report South & Central America Cocoa Derivatives Market, the market size is valued at US$ 2,285.25 Million in 2022, projecting it to reach US$ 3,125.16 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The South & Central America Cocoa Derivatives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Cocoa Derivatives Market report:
The South & Central America Cocoa Derivatives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Cocoa Derivatives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Cocoa Derivatives Market value chain can benefit from the information contained in a comprehensive market report.