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Cocoa Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24188
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Cocoa Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Cocoa | Agriculture | Ecuador | 3224 USD/MT |
| Cocoa | Agriculture | Netherlands | 2858 USD/MT |
| Cocoa | Agriculture | Belgium | 3139 USD/MT |
In the fourth quarter of 2023, the price of cocoa in Ecuador reached 3224 USD/MT. The price of cocoa reached 2858 USD/MT during Q4 2023 in Netherlands. Meanwhile, during the fourth quarter of 2023, Belgium recorded the cocoa prices at 3139 USD/MT.
Cocoa Price Trend, Market Analysis, and News
IMARC's latest publication, “Cocoa Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the cocoa market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of cocoa at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed cocoa price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting cocoa pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Cocoa Market Analysis
The global cocoa market size reached US$ 16.04 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 25.32 Billion, at a projected CAGR of 5.2% during 2023-2032.
- Cocoa is essential in various snack products like chocolate bars, cocoa-coated nuts, and energy bites. The growing demand for healthier snacks among health-conscious individuals is driving the need for dark chocolate, which is seen as a better option because of its higher cocoa content and reduced sugar levels. Furthermore, the rising popularity of on-the-go snacking is catalyzing the need for convenient, single-serve cocoa products. Additionally, there is an emphasis on creating novel snack formulations and packaging, such as the introduction of organic and artisanal chocolate snacks, to cater to a broader audience. In addition, in December 2023, Mars China launched a new SNICKERS® bar with dark chocolate cereal and low-glycemic index cocoa, packaged in recyclable mono-material flexible packaging. This introduction represented progress in eco-friendly packaging, offering consumers a healthier snack with reduced sugar content.
- There is a heightened focus on sustainable and ethical sourcing practices as consumers and companies are becoming more conscious about the environmental and social impacts of cocoa production. In 2024, Johnvents Industries declared its participation in the Federation of Cocoa Commerce (FCC) as a voting member, highlighting its dedication to sustainable cocoa production and ethical marketing strategies. This achievement showed the company's commitment to advancing transparency and high quality in Nigeria's cocoa industry, benefiting all parties involved. Moreover, the rise of certifications guaranteeing eco-friendly and socially responsible production is further driving the demand for sustainably sourced cocoa. Leading chocolate manufacturers are responding by using certified cocoa to improve their brand reputation. For example, Nestlé introduced its new sustainably sourced chocolate line, which featured dark chocolate with high cocoa content and various nut options, at the 2023 TFWA World Exhibition in Cannes. The exclusive range available only in travel retail showcases Nestlé's dedication to environment-friendly practices and helping cocoa farmers.
- Cocoa butter, derived from cocoa beans, is a commonly used component in the beauty and personal care sector. Its hydrating and antioxidant properties are highly appreciated, which is why it is frequently included in lotions, creams, lip balms, and hair care products.
Cocoa News
The report covers the latest developments, updates, and trends impacting the price of cocoa, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cocoa price trend.
Latest developments in the cocoa industry:
- March 2024: Cargill introduced its NatureFresh Professional line of block chocolates, chocolate chips, and cocoa powder designed specifically for the Indian bakery and confectionery sector. The company displayed its cutting-edge food solutions at the AAHAR 2024, emphasizing its dedication to providing secure, top-notch products and forming connections in the Indian market.
- February 2024: California Cultured teamed up with the Japanese chocolate company Meiji in a decade-long agreement to provide cell-based Flavanol Cocoa Powder for use in Meiji's goods. This partnership aimed to launch lab-grown chocolate in the market, tackling sustainability and supply issues in the cocoa sector.
- February 2023: Mars Wrigley India introduced GALAXY FUSIONS dark chocolate with 70% cocoa, entering the dark chocolate category. This initiative increased the manufacturing of GALAXY brand in India, with the goal of boosting its presence in the molded chocolates segment.
Product Description
Cocoa, which comes from the seeds of the Theobroma cacao tree, is known for its role in making chocolate. It comes in different types, such as Criollo, Forastero, and Trinitario, distinguished by the cacao bean variety and processing level.
Cocoa contains flavonoids that possess powerful antioxidant qualities, aiding in the reduction of oxidative stress by neutralizing harmful free radicals. It includes theobromine and phenylethylamine, which can trigger the brain to release serotonin and endorphins, enhancing mood and decreasing stress. It has inflammation-reducing qualities, which lower the chances of developing chronic illnesses by decreasing inflammation in the body. It consists of flavonoids that are associated with enhanced cognitive function and reduced chances of neurodegenerative ailments.
Cocoa is the primary component in chocolate products, including dark chocolate, milk chocolate, and white chocolate. Cocoa is used to make cocoa butter, which is commonly utilized in skincare items for its hydrating and antioxidant qualities, aiding in enhancing skin flexibility and diminishing the visibility of scars and stretch marks.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the cocoa price trend.
Global Cocoa Price
The report offers a holistic view of the global cocoa pricing trends in the form of cocoa price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of cocoa, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cocoa demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Cocoa Price
European cocoa prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for cocoa can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Cocoa Price
The analysis of cocoa prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific cocoa historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Cocoa Price
The report explores the cocoa pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Cocoa Price
The cocoa pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This cocoa price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Cocoa Price
The analysis of cocoa prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Cocoa |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Cocoa Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of cocoa pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting cocoa price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cocoa price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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