Report Update: Apr 1, 2024

World - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

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Cocoa Bean Growing

Cocoa bean growing is the process of cultivating and harvesting cocoa beans, which are the seeds of the cocoa tree (Theobroma cacao). This agricultural practice is predominantly carried out in tropical regions within 20 degrees of the equator.

The cocoa tree is a small evergreen tree that requires specific climatic conditions to thrive. It grows best in regions with temperatures between 21-32°C and an average annual rainfall of 1250-3000mm. Additionally, it requires well-distributed rainfall and a relative humidity of 80-85%. These conditions are typically found in countries such as Ivory Coast, Ghana, Indonesia, and Brazil, which are the largest cocoa bean producers globally.

The process of cocoa bean growing begins with the cultivation of cocoa tree saplings in nurseries. The saplings are usually grown from cocoa seeds, which are extracted from mature cocoa pods. These seeds are carefully selected from high-quality cocoa trees to ensure the offspring inherit desirable characteristics.

Once the saplings reach the appropriate size, they are transplanted to prepared cocoa farms. The farms are usually located in shaded areas to protect the young saplings from direct sunlight, which can be harmful. The spacing between the trees is crucial to allow sufficient light and airflow for healthy growth. Proper shade management and pruning techniques are also employed to optimize productivity.

After transplanting, the cocoa trees require regular maintenance, including watering, weeding, and pest control. Farmers also need to monitor the trees for diseases such as black pod disease and various pests like cocoa pod borer and capsid bugs. Integrated pest management strategies are often implemented to minimize the impact of pests and diseases while reducing reliance on chemical pesticides. Some farmers may choose organic methods of pest and disease control for a more sustainable and environmentally friendly approach.

The cocoa trees begin to bear fruit after approximately three to four years. The fruits, known as cocoa pods, are large and football-shaped. They mature within five to six months and change color from green to yellow, orange, or red when ripe. It is essential for farmers to identify the optimal time for harvesting to ensure the beans achieve maximum flavor and quality.

Harvesting cocoa pods is usually a manual process. Farmers carefully cut the ripe pods from the trees using a machete or similar tool, making sure not to damage the adjacent buds and flowers. The harvested pods are then collected in baskets or sacks and taken to a central collection point.

Once the cocoa pods are gathered, they undergo a series of post-harvest processes to extract the cocoa beans. This typically involves opening the pods and scooping out the beans, which are encased in a sweet white pulp known as mucilage. The beans and mucilage are then fermented together in wooden boxes or heaps covered with banana leaves for several days. Fermentation is a crucial step in cocoa bean production as it helps develop the flavor and aroma of the beans.

After fermentation, the beans are spread out to dry in the sun, either on mats or concrete drying platforms. Drying can take up to a week, and during this time, the beans must be regularly turned to ensure even drying and prevent mold growth. Once dried, the cocoa beans are ready for further processing, which typically involves roasting, grinding, and refining to produce cocoa powder, cocoa butter, or chocolate.

Cocoa bean growing is a labor-intensive process that requires careful attention to detail at each stage. It often involves small-scale farmers who rely on cocoa as their main source of income. Sustainable cocoa bean production practices, including fair trade, support the livelihoods of these farmers and help protect the environment for future generations.

This report provides an in-depth analysis of the global cocoa bean market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 661 - Cocoa beans

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023