Global Organic Cocoa Market Overview
According to the global market monitor, the 2023 global organic cocoa industry market size is $709.87 million and it is expected to grow to $950.01 million by 2028.
Dominican Republic, Ivory Coast, and Venezuela Organic and other regions produce organic cocoa. If the political and economic prospects and business environment of raw material production regions are unstable, it may affect the production and export of cocoa, resulting short supply of raw materials from the upstream and the production of downstream application fields, causing a high price of organic cocoa.
Organic Cocoa Introduction and Application
Organic cocoa is mainly used in premium brands of chocolate and is also used in personal care products because it contains minerals, vitamins, antioxidants, and other nutrients that are good for keeping skin healthy. It also contains antioxidants that help protect the skin. Organic cocoa also helps improve blood flow and lower blood pressure.
Organic chocolate has been certified by relevant regulatory bodies such as USDA Organic Certification, and its higher nutritional and health benefits have spurred massive demand worldwide. In addition, celebrity endorsements and promotions have also played an important role in the growth of organic chocolate sales, and organic cocoa demand has also risen.
The Increasing Demand for Organic Cocoa in Food and Beverage
Organic cocoa is an important ingredient in making organic chocolate and is also increasingly applied in baked products such as cakes, pastries, and biscuits. Gluten-free, whole grain, GMO-free and addition-free products are emerging from traditional morning foods in developed markets such as Europe, with higher sales potential as demand for ready-to-eat and nutritious bakery products grows. Organic cocoa powder is a must-have for bakeries and strong and steady demand for organic cocoa in these regions is expected to drive the market growth.
In the Organic Cocoa market, 49.23% of the total value was generated through the confectionery segment by application in 2022. As for product types, the cocoa powder segment held the largest market share in 2022.
By Types |
Cocoa Liquor |
Cocoa Powder |
|
Cocoa Butter |
|
The cocoa powder segment held the largest market share in 2022 |
|
By Applications |
Confectionery |
Food and Beverage |
|
Other |
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The confectionery is the largest application segment, with a market share of 49.23% in 2022 |
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