Market Forecast By Product Type (Butter, Powder, Liquor), By Application (Confectionery, Functional Food & Beverage, Pharmaceuticals, Cosmetics), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC015404 | Publication Date: Aug 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Cocoa Beans market currently, in 2023, has witnessed an HHI of 2545, Which has decreased slightly as compared to the HHI of 2788 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Cocoa Beans Marketย |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Confectionery |
The India Cocoa Beans Market Report thoroughly covers the market by product type, application, and distribution channel. The India Cocoa Beans Market Outlook report provides an unbiased and detailed analysis of the ongoing India Cocoa Beans Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Cocoa Beans Market has become one of the most prominent markets and the market has been attaining significant growth. Cocoa beans are the primary ingredient in producing one of our favourite treats, chocolate. India is one of the world's largest consumers of cocoa beans. The market is estimated to grow driven by the increasing demand for chocolate products and the rising popularity of natural and organic cocoa beans among health-conscious consumers.
According to 6Wresearch, India Cocoa Beans Market size is projected to rise at a CAGR of 6% during 2025-2031. One of the key drivers of this market is the growing awareness about the health benefits of consuming dark chocolate, which is made from cocoa beans. Dark chocolate contains antioxidants that can help improve heart health and reduce stress levels. As people become more conscious about their health and wellness, the demand for dark chocolate is expected to increase, which will in turn drive the India Cocoa Beans Market growth.
However, there are a few challenges that could potentially hinder the growth of the Indian cocoa bean market. One of them is the increasing price of cocoa beans due to supply shortages and labor issues in major producing countries such as Ivory Coast and Ghana. This could result in higher production costs for chocolate manufacturers, which may lead to an increase in the price of chocolate products.
Some of the key players operating in the India cocoa beans market include Mondelez International, Hershey Company, Nestle SA, and Cargill. These companies are constantly investing in research and development to innovate and improve the quality of cocoa beans produced in India. In addition, strategic partnerships and collaborations with local farmers have also helped these companies in expanding their presence in the market.
The Indian government has also taken initiatives to boost the production of cocoa beans in the country. The Department of Agriculture and Cooperation under the Ministry of Agriculture is implementing various schemes and programs such as National Horticulture Mission (NHM) and National Bamboo Mission (NBM) to support the cultivation of cocoa beans and other horticulture crops. These initiatives aim to increase the productivity of cocoa beans and improve the livelihoods of farmers.
According to Suryakant, Senior Research Analyst, 6Wresearch, the cocoa powder segment is expected to witness significant growth in the Indian market. This can be attributed to the rising demand for cocoa powder from various industries such as food and beverage, pharmaceuticals, and cosmetics.
The confectionery segment has been the largest application for cocoa beans in India. This is due to the high demand for chocolate and other cocoa-based sweets in the country. However, there has been a shift towards healthier options in recent years, leading to an increase in demand for functional food and beverage products containing cocoa beans.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cocoa Beans Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cocoa Beans Market Revenues & Volume, 2021 & 2031F |
3.3 India Cocoa Beans Market - Industry Life Cycle |
3.4 India Cocoa Beans Market - Porter's Five Forces |
3.5 India Cocoa Beans Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Cocoa Beans Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Cocoa Beans Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Cocoa Beans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cocoa Beans Market Trends |
6 India Cocoa Beans Market, By Types |
6.1 India Cocoa Beans Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Cocoa Beans Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Cocoa Beans Market Revenues & Volume, By Butter, 2021-2031F |
6.1.4 India Cocoa Beans Market Revenues & Volume, By Powder, 2021-2031F |
6.1.5 India Cocoa Beans Market Revenues & Volume, By Liquor, 2021-2031F |
6.2 India Cocoa Beans Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cocoa Beans Market Revenues & Volume, By Confectionery, 2021-2031F |
6.2.3 India Cocoa Beans Market Revenues & Volume, By Functional Food & Beverage, 2021-2031F |
6.2.4 India Cocoa Beans Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 India Cocoa Beans Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3 India Cocoa Beans Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Cocoa Beans Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 India Cocoa Beans Market Revenues & Volume, By Offline, 2021-2031F |
7 India Cocoa Beans Market Import-Export Trade Statistics |
7.1 India Cocoa Beans Market Export to Major Countries |
7.2 India Cocoa Beans Market Imports from Major Countries |
8 India Cocoa Beans Market Key Performance Indicators |
9 India Cocoa Beans Market - Opportunity Assessment |
9.1 India Cocoa Beans Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Cocoa Beans Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Cocoa Beans Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Cocoa Beans Market - Competitive Landscape |
10.1 India Cocoa Beans Market Revenue Share, By Companies, 2024 |
10.2 India Cocoa Beans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |