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Latin America Cocoa Market Report 2021: CAGR of 4.3% Forecast During 2021 to 2028 - ResearchAndMarkets.com

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DUBLIN, September 24, 2021--(BUSINESS WIRE)--The "Latin America Cocoa Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The cocoa market in Latin America is forecast to grow at a CAGR of 4.3% during the assessed years of 2021-2028. Brazil, Mexico, and Rest of Latin America shape the overall market in this region.

The cocoa market's growth in Mexico is mainly owing to the rising governmental push and sustainability program by international companies. For instance, the Hershey Company has set up the Mexico Cocoa Project, a 10-year plan, to re-establish cocoa growing in Southern Mexico.

Mexico is among the few countries having conditions conducive to growing cocoa, which will help revive the cocoa sector in the country. Additionally, the country has the potential to produce a variety of cocoa having good genetic quality. Hence, organic cocoa and fine flavor cocoa have huge opportunities to gain traction in the country. Therefore, such developments are likely to open new avenues for the Mexican cocoa market.

Colombia cocoa, for instance, is known for its flavor and aroma, classified in the special cocoa category. As per the International Cocoa Organization, a majority of the cocoa exported by Colombia is Fino de Aroma, a distinction given to only a few beans. The government has given precedence to the cocoa sector to enhance productivity and yields. Thus, such steps undertaken by the government are likely to fuel the growth of the cocoa market across Columbia.

Cargill Incorporated, Olam International Limited, Puratos Group, Touton SA, Natra SA, Ferrero Group, and Nestle SA are some of the distinguished companies in the cocoa market.

Key Topics Covered:

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

2.4. 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

4. Latin America Cocoa Market Outlook - by Quality

5. Latin America Cocoa Market Outlook - by Product

6. Latin America Cocoa Market Outlook - by Type

7. Latin America Cocoa Market Outlook - by End-User

8. Latin America Cocoa Market - Regional Outlook

9. Competitive Landscape

  • Cargill Incorporated

  • Meiji Holdings Co Ltd

  • Nestle Sa

  • Puratos Group

  • Olam International Limited

  • Guan Chong Berhad

  • Barry Callebaut AG

  • Natra Sa

  • Blommer Chocolate Company

  • The Hershey Company

  • Mondelez International

  • Ferrero Group

  • Lindt and Sprungli AG

  • Archer Daniels Midland

  • Touton Sa

For more information about this report visit https://www.researchandmarkets.com/r/6hk4we

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005123/en/

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