Cocoa prices rose rapidly in 2010 and 2011, inducing rapid industry growth, before plummeting in 2012 and forcing heavy losses on operators. Fortunately for operators, cocoa prices have rebounded since 2013, driven by strong global demand coupled with weak harvest conditions. The Industrial Chocolate Production industry is expected to face a more steady and favorable environment in the five years to 2019. Improving disposable incomes and a persistent sweet tooth for chocolate candy will keep demand from downstream markets high. Meanwhile, the price of cocoa is expected to remain high as harvest conditions in West Africa ease and expand supply.
This industry includes companies that press cocoa beans to manufacture cocoa ingredients used in other food processing. This industry's products include cocoa powder, cocoa butter and cocoa liquor.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.