North America Cocoa Derivatives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cocoa Butter, Cocoa Beans, Cocoa Powder, and Others), Category (Organic and Conventional), and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, and Other Food and Beverages), Personal Care, and Other]

BMIRE00028224 | Pages: 110 | Food and Beverages | Mar 2023 | Type: Regional | Status: Published

The North America cocoa derivatives market is expected to grow from US$ 7,557.52 million in 2022 to US$ 9,791.06 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

Utilization of Cocoa as Sustainable Beauty Ingredient in Cosmetics Industry

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 North America cocoa derivatives market growth.

 

North America Cocoa Derivatives Market Overview

 

The cocoa derivatives market in North America is further segmented into the US, Canada, and Mexico. Chocolate is the favorite flavor for desserts and confections of a large number of people in the US and Canada. Historically, they have demonstrated a clear preference for milk chocolate, although appreciation for dark chocolate appears to be increasing. Barry Callebaut stated that North America is the second largest market for chocolate confectioneries globally, as it gathered ~US$ 23 billion of turnover from the region in 2021, and the US accounted for ~90% of those sales. Thus, the increasing demand for cocoa-based products and indulgence in chocolate flavor are the two major factors benefitting the cocoa derivatives market growth in North America. According to the Procurement Resource report, in 2020–2021, sales of cocoa butter increased by 3.6%. The demand for cocoa butter is attributed to the rising preference for premium and handmade chocolate products with an enticing shiny appearance, smooth texture, and melting behavior. The growing consumer demand for cocoa derivatives in the food & beverages industry is mainly attributed to the significant increase in the availability of organic & plant-based products, coupled with consumer awareness of the sustainability of these products, in the region. Companies offering products made from organic cocoa have majorly profited from this trend. Furthermore, purchasing decisions were increasingly influenced by the sense of responsibility among North American consumers to fight climate change and preserve biodiversity. 

 

North America Cocoa Derivatives Market Revenue and Forecast to 2028 (US$ Million)

North America Cocoa Derivatives Market Revenue and Forecast to 2028 (US$ Million)

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North America Cocoa Derivatives Market Segmentation

 

The North America cocoa derivatives market is segmented based on type, category, application, and country. Based on type, the North America cocoa derivatives market is segmented into cocoa butter, cocoa beans, cocoa powder, and others. The cocoa beans segment held the largest market share in 2022.

 

Based on category, the North America cocoa derivatives market is bifurcated into organic and conventional. The conventional segment held a larger market share in 2022.

 

Based on application, the North America cocoa derivatives market is segmented into food and beverages, personal care, and other. The food and beverages segment held the largest market share in 2022. Further, food and beverages are segmented into bakery and confectionery, dairy and frozen desserts, beverages, and others.

 

Based on country, the North America cocoa derivatives market is segmented into the US, Canada, and Mexico. The US dominated the North America cocoa derivatives market share in 2022.

 

Olam Group Ltd; Indcre SA; Cargill Inc; Natra SA; JB Foods Ltd; United Cocoa Processor Inc.; Barry Callebaut AG; and Moner Cocoa SA are the leading companies operating in the North America cocoa derivatives market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Cocoa Derivatives Market, by Type

1.3.2        North America Cocoa Derivatives Market, by Category

1.3.3        North America Cocoa Derivatives Market, by Application

1.3.4        North America Cocoa Derivatives Market, by Country

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           North America Cocoa Derivatives Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of New Entrants

4.2.4        Intensity of Competitive Rivalry

4.2.5        Threat of Substitutes

4.3         Ecosystem Analysis

4.3.1        Raw Material Suppliers:

4.3.2        Manufacturers:

4.3.3        Distributors or Suppliers:

4.3.4        End Use Industry:

4.4         Expert Opinion

5.           North America Cocoa Derivatives Market — Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Demand for Cocoa-Based Confectioneries

5.1.2        Utilization of Cocoa as Sustainable Beauty Ingredient in Cosmetics Industry

5.2         Market Restraints

5.2.1        Fluctuations in Prices of Cocoa

5.3         Opportunities

5.3.1        Demand for Organic and Fairtrade Cocoa Derivatives

5.4         Future Trends

5.4.1        Clean-Label Products

5.5         Impact Analysis

6.           Cocoa Derivatives – North America Market Analysis

6.1         North America Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Cocoa Derivatives Market Analysis – By Type

7.1         Overview

7.2         Cocoa Derivatives Market, By Type (2021 and 2028)

7.3         Cocoa Butter

7.3.1        Overview

7.3.2        Cocoa Butter: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Cocoa Beans

7.4.1        Overview

7.4.2        Cocoa Beans: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Cocoa Powder

7.5.1        Overview

7.5.2        Cocoa Powder: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Cocoa Derivatives Market Analysis – By Category

8.1         Overview

8.2         Cocoa Derivatives Market, By Category (2021 and 2028)

8.3         Organic

8.3.1        Overview

8.3.2        Organic: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Conventional

8.4.1        Overview

8.4.2        Conventional: North America Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Cocoa Derivatives Market Analysis – By Application

9.1         Overview

9.2         Cocoa Derivatives Market, By Application (2021 and 2028)

9.3         Food and Beverages

9.3.1        Overview

9.3.2        Food and Beverages: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

9.3.3        Bakery & Confectionery

9.3.3.1          Overview

9.3.4        Dairy & Frozen Desserts

9.3.4.1          Overview

9.3.5        Beverages

9.3.5.1          Overview

9.3.6        Others

9.3.6.1          Overview

9.4         Personal Care

9.4.1        Overview

9.4.2        Personal Care: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Others

9.5.1        Overview

9.5.2        Others: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Cocoa Derivatives Market – by Country Analysis

10.1      North America: Cocoa Derivatives Market

10.1.1     North America: Cocoa Derivatives Market, by Key Country

10.1.1.1       US: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       US: Cocoa Derivatives Market, By Type

10.1.1.1.2       US: Cocoa Derivatives Market, by Category

10.1.1.1.3       US: Cocoa Derivatives Market, by Application

10.1.1.2       Canada: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Cocoa Derivatives Market, By Type

10.1.1.2.2       Canada: Cocoa Derivatives Market, by Category

10.1.1.2.3       Canada: Cocoa Derivatives Market, by Application

10.1.1.3       Mexico: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Cocoa Derivatives Market, By Type

10.1.1.3.2       Mexico: Cocoa Derivatives Market, by Category

10.1.1.3.3       Mexico: Cocoa Derivatives Market, by Application

11.        Industry Landscape

11.1      Product launch

11.2      Expansion

12.        Company Profiles

12.1      Olam Group Ltd

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Indcre SA

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Cargill Inc

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Natra SA

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      JB Foods Ltd

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      United Cocoa Processor Inc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Barry Callebaut AG

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Moner Cocoa SA

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Cocoa Derivatives Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Cocoa Derivatives Market, Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             United States Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)

Table 6.             Canada Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)

Table 10.          Mexico Cocoa Derivatives Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico Cocoa Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Mexico Cocoa Derivatives Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico Cocoa Derivatives market, by Food and Beverages – Revenue and Forecast to 2028 (USD Million)

Table 14.          Glossary of Terms, Cocoa Derivatives Market

LIST OF FIGURES

Figure 1.           North America Cocoa Derivatives Market Segmentation

Figure 2.           North America Cocoa Derivatives Market Segmentation: By Country

Figure 3.           North America Cocoa Derivatives Market Overview

Figure 4.           North America Cocoa Derivatives Market, By Category

Figure 5.           North America Cocoa Derivatives Market, by Country

Figure 6.           North America Porter's Five Forces Analysis

Figure 7.           North America Ecosystem: Cocoa Derivatives Market

Figure 8.           North America Expert Opinion

Figure 9.           North America Cocoa Derivatives Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Cocoa Derivatives Market Revenue Share, By Type (2021 and 2028)

Figure 12.        Cocoa Butter: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13.        Cocoa Beans: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        Cocoa Powder: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        Others: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16.        North America Cocoa Derivatives Market Revenue Share, By Category (2021 and 2028)

Figure 17.        Organic: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18.        Conventional: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19.        North America Cocoa Derivatives Market Revenue Share, By Application (2021 and 2028)

Figure 20.        Food and Beverages: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21.        Personal Care: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22.        Others: North America Cocoa Derivatives Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23.        North America: Cocoa Derivatives Market, by Key Country – Revenue (2021) (US$ Million)

Figure 24.        North America: Cocoa Derivatives Market Revenue Share, by Key Country (2021 and 2028)

Figure 25.        US: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Canada: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Mexico: Cocoa Derivatives Market – Revenue and Forecast to 2028 (US$ Million) 

  1. Olam Group Ltd
  2. Indcre SA
  3. Cargill Inc
  4. Natra SA
  5. JB Foods Ltd
  6. United Cocoa Processor Inc.
  7. Barry Callebaut AG
  8. Moner Cocoa SA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America cocoa derivatives market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America cocoa derivatives market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America cocoa derivatives market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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