African Cocoa Market: By Cocoa Bean; BY Cocoa Powder, Unsweetened Cocoa Powder, Ducted Cocoa Powder - Forecast 2018 to 2023

Cocoa beans are the fully dried and fermented seed of theobrama cacao where cocoa beans are cocoa solids and because of the seed’s fat, cocoa butter will be extracted. Cocoa beans are used to prepare the drink whereas cocoa powders are used for baking process. The net market of the African cocoa market estimated to $XX billion in 2018 and forecasts to $XX billion in 2028 with a CAGR of $XX% between 2018 and 2028.

Innovation of new cocoa processing is increasing in the demand for cocoa market in Africa. Raising in demand for beans is one of the key factors driving the cocoa market. Cocoa market can be categorized into cocoa bean, cocoa powder, and country. The market for cocoa in various regions through its cocoa beans like criollo, orastero and others had been mentioned in the report.

The market for “African Cocoa” can be segmented on countries into Ivory Coast, Ghana, Cameroon, Nigeria, and Others. Competitive landscape for industry and market players are profiled with attributes of company overview, business strategies, and product portfolio.

With the growing demand for organic and fair trade agricultural practices in this region, a number of companies have started shifting to this new model. This has resulted in increased cocoa prices in this region.