LATIN AMERICA COCOA MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

LATIN AMERICA COCOA MARKET 2021-2028

Market by Process, Quality, Product, Type, End-user, and Country | Forecast 2021-2028

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Triton’s report denotes that the Latin American Cocoa market is possible to propel at a CAGR of 4.30% during the anticipated period 2021-2028.


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The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

Multinational companies and local brands mainly dominate Latin America’s cocoa market. The cocoa products are traditionally rooted in the region’s culture, which supports the demand for cocoa products. Additionally, companies are striving to become the cocoa leader in terms of quality and quantity. Other than this, International Cocoa Organizations are partnering with governments to ramp up the production of sustainable cocoa. Such factors are estimated to augment the growth of the cocoa market across the region over the next few years.

Brazil, for instance, holds a significant market for cocoa, being the largest producer and consumer of chocolate. This growth is owing to the rising recognition of chocolate as a food type. As per the Brazilian Association of the Chocolate Peanut and Sweets Industry, a significant percentage of the population consume chocolate. Furthermore, there are a large number of cocoa farmers in the country, which adds to the growth of the cocoa market. Besides this, there is a high demand for gourmet chocolate in the country, which uses fine cocoa. Therefore, this rise in chocolate trends is estimated to widen the scope and growth of the cocoa market in Brazil over the upcoming years.

Puratos Group is involved in manufacturing and supplying ingredients to bakers, patisseries, and chocolatiers. Its bakery products include sourdoughs, chocolate, creamy fillings, sponge mixes, non-dairy toppings, glazes, egg wash alternatives, and others. Additionally, it offers customer-driven studies, technological analysis, and other services to its business partners in terms of texture, shelf-life, and nutrition. Puratos serves various clients, such as industrial manufacturers, food service companies, and supermarkets. It has operations in multiple regions, including Latin America. 

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Table of Content

1. LATIN AMERICA COCOA MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON COCOA MARKET

2.2. KEY INSIGHTS

2.2.1. INFLUENCE OF WESTERN FLAVORS

2.2.2. COCOA POWDER COLOR TRENDS

2.2.3. SINGLE-ORIGIN COCOA AND CHOCOLATES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. ACQUISITIONS

2.6.2. PRODUCT DEVELOPMENTS

2.6.3. CONTRACTS & AGREEMENTS

2.6.4. INVESTMENT & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. RISE IN DEMAND FOR CHOCOLATE

2.7.2. HEALTH BENEFITS OF COCOA

2.8. MARKET CHALLENGES

2.8.1. LOW PRODUCTIVITY

2.8.2. PRICE FLUCTUATIONS OF COCOA

2.9. MARKET OPPORTUNITIES

2.9.1. RUBY COCOA BEANS

2.9.2. BEAN-TO-BAR CHOCOLATE

3. LATIN AMERICA COCOA MARKET OUTLOOK - BY PROCESS

3.1. DUTCH-PROCESS

3.2. NATURAL PROCESS

4. LATIN AMERICA COCOA MARKET OUTLOOK – BY QUALITY

4.1. BULK

4.2. SPECIALTY

4.3. FINE FLAVOR

5. LATIN AMERICA COCOA MARKET OUTLOOK – BY PRODUCT

5.1. COCOA LIQUOR

5.2. COCOA POWDER

5.3. COCOA BUTTER

6. LATIN AMERICA COCOA MARKET OUTLOOK – BY TYPE

6.1. CONVENTIONAL

6.2. ORGANIC

7. LATIN AMERICA COCOA MARKET OUTLOOK – BY END-USER

7.1. CONFECTIONERY

7.2. FOOD & BEVERAGES

7.3. BAKERY

7.4. OTHER END-USERS

8. LATIN AMERICA COCOA MARKET – REGIONAL OUTLOOK

8.1. BRAZIL

8.2. MEXICO

8.3. REST OF LATIN AMERICA

9. COMPETITIVE LANDSCAPE

9.1. CARGILL INCORPORATED

9.2. MEIJI HOLDINGS CO LTD

9.3. NESTLE SA

9.4. PURATOS GROUP

9.5. OLAM INTERNATIONAL LIMITED

9.6. GUAN CHONG BERHAD

9.7. BARRY CALLEBAUT AG

9.8. NATRA SA

9.9. BLOMMER CHOCOLATE COMPANY

9.10. THE HERSHEY COMPANY

9.11. MONDELEZ INTERNATIONAL

9.12. FERRERO GROUP

9.13. LINDT AND SPRÜNGLI AG      

9.14. ARCHER DANIELS MIDLAND

9.15. TOUTON SA

10. RESEARCH METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.2. SOURCES OF DATA

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA COCOA MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT DEVELOPMENTS

TABLE 5: LIST OF CONTRACTS & AGREEMENTS

TABLE 6: LIST OF INVESTMENT & EXPANSIONS

TABLE 7: THE TOP 10 COCOA PRODUCING COUNTRIES IN 2021

TABLE 8: LATIN AMERICA COCOA MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA COCOA MARKET, BY QUALITY, 2021-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA COCOA MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA COCOA MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 12: LATIN AMERICA COCOA MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 13: LATIN AMERICA COCOA MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: LATIN AMERICA COCOA MARKET, BY PROCESS, 2020 & 2028 (IN %)

FIGURE 3: LATIN AMERICA COCOA MARKET, BY DUTCH-PROCESS, 2021-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA COCOA MARKET, BY NATURAL PROCESS, 2021-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA COCOA MARKET, BY QUALITY, 2020 & 2028 (IN %)

FIGURE 6: LATIN AMERICA COCOA MARKET, BY BULK, 2021-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA COCOA MARKET, BY SPECIALTY, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA COCOA MARKET, BY FINE FLAVOR, 2021-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA COCOA MARKET, BY PRODUCT, 2020 & 2028 (IN %)

FIGURE 10: LATIN AMERICA COCOA MARKET, BY COCOA LIQUOR, 2021-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA COCOA MARKET, BY COCOA POWDER, 2021-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA COCOA MARKET, BY COCOA BUTTER, 2021-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA COCOA MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 14: LATIN AMERICA COCOA MARKET, BY CONVENTIONAL, 2021-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA COCOA MARKET, BY ORGANIC, 2021-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA COCOA MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 17: LATIN AMERICA COCOA MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA COCOA MARKET, BY FOOD & BEVERAGES, 2021-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA COCOA MARKET, BY BAKERY, 2021-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA COCOA MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA COCOA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 22: BRAZIL COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 23: MEXICO COCOA MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: REST OF LATIN AMERICA COCOA MARKET 2021-2028 (IN $ MILLION)

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