NORTH AMERICA COCOA MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

NORTH AMERICA COCOA MARKET 2021-2028

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

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Triton’s research report has ascertained that the North American cocoa market is predicted to develop at a compound annual growth rate of 3.97%through the calculated years 2021-2028.


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The countries discussed in this market are:

•        United States

•        Canada

North America has a rich history of consumption of cocoa beans-produced products, especially chocolate. Over the years, the culture of buying chocolates during festivities and occasions has grown significantly in the region. Moreover, impulse buying is another factor increasing the demand for cocoa products. Furthermore, the presence of key companies such as Cargill Incorporated, Blommer Chocolate Company, and others has contributed to the growth of the cocoa market in terms of innovation, production, and consumption. Thus, as stated above, these factors are propelling the North American cocoa market on a growth path.

In the United States, for instance, chocolates are widely consumed during holidays, such as Halloween, Christmas, Easter, and others. Presently, people are spending significantly on chocolate products. As a result, the country is one of the major importers of cocoa beans globally. Furthermore, as per the US Census Bureau, Pennsylvania produces the most chocolate, with its production being half of the country’s total output. The food industry is one of the big industries in the US, contributing to the major demand for cocoa. Hence, these factors are widening the overall scope and growth of the cocoa market.

Cargill Incorporated offers food, agriculture, financial, and industrial products and services. The company buys crops and distributes them globally. It is involved in the distribution of food products to retail stores and restaurants. Additionally, the company produces value-added commodities for feed and fuel and handles and processes animals for protein products for consumer goods companies and distributors. Cargill has operations across various regions, with headquarters located in Minnesota, the United States. 

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Table of Content

1. NORTH 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. NORTH AMERICA COCOA MARKET OUTLOOK - BY PROCESS

3.1. DUTCH-PROCESS

3.2. NATURAL PROCESS

4. NORTH AMERICA COCOA MARKET OUTLOOK – BY QUALITY

4.1. BULK

4.2. SPECIALTY

4.3. FINE FLAVOR

5. NORTH AMERICA COCOA MARKET OUTLOOK – BY PRODUCT

5.1. COCOA LIQUOR

5.2. COCOA POWDER

5.3. COCOA BUTTER

6. NORTH AMERICA COCOA MARKET OUTLOOK – BY TYPE

6.1. CONVENTIONAL

6.2. ORGANIC

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

7.1. CONFECTIONERY

7.2. FOOD & BEVERAGES

7.3. BAKERY

7.4. OTHER END-USERS

8. NORTH AMERICA COCOA MARKET – REGIONAL OUTLOOK

8.1. UNITED STATES

8.2. CANADA

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: NORTH 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: NORTH AMERICA COCOA MARKET, BY PROCESS, 2021-2028 (IN $ MILLION)

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

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

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

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

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

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

FIGURE 6: NORTH AMERICACOCOA MARKET, BY BULK, 2021-2028 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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