Cocoa Beans Market Expected to Reach over Us$ 16.0 Bn by 2022: Credence Research

Cocoa Beans Market Expected to Reach Over US$ 16.0 Bn by

2022: Credence Research

According to a new market report published by Credence Research “Cocoa Beans Market - Growth, Future

Prospects, Competitive Analysis, and Forecast 2016 - 2022,” the cocoa beans market is expected to reach

over US$ 16.0 Bn by 2022, expanding at a CAGR of more than 3.0% from 2016 to 2022.

Browse the Cocoa Beans (By Type- Criollo, Forastero, Trinitario) (By Products- Cocoa Butter, Cocoa Powder

and Cocoa Liquor) Market, for Chocolate, Confectionary, Food & Beverages, Pharmaceuticals and

Cosmetics Applications - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022

report at http://www.credenceresearch.com/report/cocoa-beans-market

Market Insights:

Theobroma, which is the Latin name for cocoa means “food of gods”. This was known as food of gods as

it was a valuable crop to many South American cultures. In the early days, the Mayans made use of cocoa

to create a ritual beverage which was shared among each other during marriage ceremonies and

betrothal.

Due to technological advancements and change in lifestyles and cultures, cocoa beans are used for wide

range of applications. This valuable crop is used in various industries such as cosmetics, food & beverage,

pharmaceuticals and chocolate among others. It is basic raw material in the manufacturing of chocolate.

Three types of cocoa beans exists which include criollo, forestero and trintario. Among these, Criollo

accounted for major share of global cocoa beans market as it is known to be the most expensive beans

and are used for various application in the market. The other two types of beans are also used in wide

range of end-user industries and are projected to boost growth of cocoa beans in the market. Cocoa

beans, based on product type are segmented into cocoa butter, cocoa powder and cocoa liquor. Among

these cocoa butter accounted as the largest product segment in 2015 and is...