global cocoa production 2021

Cocoa is a major cash crop of the tropical region extensively used for its beans to manufacture chocolate. The cocoa market is further expected to grow at a CAGR of 3.4% between 2021 and 2026 to attain a value of USD 13.52 billion. Africa, particularly West Africa is the largest producer of cocoa, accounting for ≤ 75% of global cocoa production (Shahbandeh, 2020; Etaware, 2021), Ironically, Europe and America jointly account for consumption of over 60% of the world's cocoa produce (Etaware, 2021). Global cocoa production was exceptionally strong in 2018/19, reaching record levels of more than 4.7m tonnes, and despite an estimated fall of 2.9% to 4.6m tonnes, remained high in 2019/20. The cocoa sector is projected to grow, driven primarily Improved growing conditions in West Africa's cocoa growing regions could push the global cocoa crop to record highs in 2021/22, following last year's bumper crop, pressuring prices further. Cocoa is the essential ingredient for our chocolate. Global Cocoa Market 2021-2028 Organic Cocoa Market 2021: Top Manufacturers, Developments ... The median forecast for the global cocoa supply balance in 2021/22 is for a deficit of 150,000 tonnes, compared to a shortfall of 125,000 tonnes seen in the previous poll in September. Cocoa prices can experience wide swings as a result of news from this region. ABIDJAN: Ghana's graded and sealed (G&S) cocoa arrivals reached 10,951 tonnes as of Oct, 14 since the start of this year's harvest on Oct. 1, down from 14,168 tonnes the previous season, figures from marketing board COCOBOD showed on Monday. Nov 07, 2021 (The Expresswire) -- Global " Cocoa and Chocolate Market " research report Survey By Type, Application, Region, Global marketing research, Market Size, Share, Growth, Trends, And. Cocoa Outlook 2021: Time for a Choco-late Bull Run? The International Cocoa Organisation (ICCO) forecasts a 10% increase in the world cocoa production and a 25% increase in the cocoa price in the next decade. These human rights violations have no place in the global cocoa industry, and . Ghana may surpassed the anticipated 1.1 million tonnes of cocoa production for the 2020/2021 crop season which closes next month. Global Forecasting Service - Cocoa Pune, INDIA. The global cocoa market size was valued at $12,874.0 million in 2019, and is estimated to reach $15,501.1 million by 2027, registering a CAGR of 4.3% from 2021 to 2027. Global cocoa supply balance to shift to deficit in 2021/22 ... A comparative analysis of cocoa production in Ghana and Nigeria was carried out to determine the importance of government policy. Natural Cocoa Powder 2021 Global Market Share, Growth ... The research report on Cocoa Fillings market intends to offer a comprehensive assessment of the historic data and major development trends of this business space. Cocoa Butter Market 2016-2020 Outlook in Comparison to 2021-2031 Growth Forecast. The global cocoa market will have a small deficit of 8,000 tonnes in the 2021/22 season, instead of an estimated 123,000 tonne surplus in the previous season, due to stronger consumption and drier . Global Cocoa Butter Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 - The Global Cocoa Butter Consumption Market size is forecast to reach $3.1 billion by 2026, growing at a CAGR of 5.9% during the forecast period 2021-2026. This study serves as an exceptional tool to understand the market trends, regional markets, growth, key . I believe cocoa bean usage in the EU during Q1 of 2021 will be lower due to the rise in new infections, death rates, and sluggish COVID-19 vaccine rollouts. According to our latest research, the global Cocoa & Chocolate size is estimated to be XX million in 2021 from USD 57590 million in 2020, with a change of XX% between 2020 and 2021. Based on the forecast, the total cocoa production will be approximately 4,700,000 tonnes in 2022-2023. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Throughout the cocoa bean history, most of these beans have been exported to Europe (in particular Germany and the Netherlands) and the USA for grinding processing. Fri 12 Feb 2021 17.31 EST. The International Cocoa Organisation (ICCO) has unveiled its latest forecast for the 2021/22 global crop production year, which has revealed that bean supplies are expected to drop 5% to 4.955 million tonnes, reports Neill Barston. The Leading Global Event on Cocoa Sustainability Thank You to Our Sponsors Introduction Dear Colleagues, I am pleased to present the 2021 Partnership Meeting summary, that looks back on our latest online conference. The global Cocoa Liquor market size is expected to grow at a CAGR of xx% for the next five years. The International Cocoa Organization has said in a statement that purchases and arrivals of cocoa beans from the two top producers of the commodity went down. In the early 1970s the foremost cocoa producing countries were Ghana . • The global cocoa supply balance is seen shifting from a surplus of 250 thousand tonnes in 2020/21 to a deficit of 125 thousand tonnes in 2021/22, due mainly to expected smaller production in Ghana, according to a Reuters' poll of eight analysts and brokers. A global record production of 5.024 million tonnes is forecast for the 2020/21 season. Cocoa Crop on Track for Another Strong Year. Portland, OR, Dec. 13, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cocoa market generated $12.8 billion in 2019, and is projected to reach $15.5. Cocoa prices are already forecast to drop 4.3% in 2021 to average $2,286/ton, as global demand struggles to return after the COVID-19 pandemic and changes in consumer health priorities during the lockdown. The publisher has been monitoring the cocoa market and it is poised to grow by 504.96 thousand MT during 2021-2025, progressing at a CAGR of 2.24% during the forecast period. In 2019/2020, Ghana is estimated to have produced about 800,000 tons of cocoa beans, a decrease from approximately 812,000 tons in 2018/2019. The major region producing cocoa is Cote d' Ivorie, which produces around 30% of the total global cocoa output. The global cocoa processing market reached a volume of 4.86 million tons in 2020, and it's expected to exhibit moderate growth during the next five years. "Foreign corn production is forecast modestly higher with increases for India […] Consumption of goods like chocolate and coffee is set to decrease as the geopolitical crisis connected with Russian invasion of Ukraine is set to put some curbs on travel and in turn airports, at which most of the sales occur. , Mar 16, 2021 This statistic shows the global cocoa production distribution in 2020/2021, broken down by region. In this report, the global Cocoa Bean Extract market is valued at USD XX million in 2021 and is projected to reach USD XX million by the end of 2027, growing at a CAGR of XX% during the period 2021 to 2027. Côte d'Ivoire and Ghana are the world's primary producers of cocoa. The report firstly introduced the Cocoa Bean Extract basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures . GSJ: Volume 9, Issue 1, January 2021 ISSN 2320-9186 2020 GSJ© 2021 www.globalscientificjournal.com. Cocoa cultivation in Indonesia is a relatively new industry. DUBLIN, April 27, 2021 /PRNewswire/ -- The "Cocoa Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to. Global Chocolate, Cocoa and Sugar Confectionery Market to 2021 The report package Global Chocolate, Cocoa and Sugar Confectionery Market to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for chocolate, cocoa and sugar confectionery in the world. This projection was a 5.8 percent increase over the projection for the 2019/20 season. This will be about 45% increase over the previous year production . The global cocoa processing market is further expected to grow at a CAGR of about 1.3% between 2021 and 2026 to reach a volume of . Global coarse grain production for 2021/22 is forecast 1.5 million tons higher to 1,498.9 million, the USDA said in its latest forecast, adding that this month's foreign coarse grain outlook is for larger production, lower trade, and greater ending stocks relative to last month. According to the report, approximately 3.97 million tons of. Sadly, the contributions of some major producers like Nigeria, Brazil, Ghana, to the global cocoa market is dwindling (while others are appreciating). 3.1 Global Cocoa Market by Type 3.1.1 Cocoa Liquor 3.1.2 Cocoa Butter 3.1.3 Cocoa Powder 3.2 Global Cocoa Sales and Market Share by Type (2015-2020) 3.3 Global Cocoa Revenue and Market Share by Type (2015-2020) 3.4 Global Cocoa Average Price by Type (2015-2020) 3.5 Leading Players of Cocoa by Type in 2020 3.6 Conclusion of Segment by Type Over 60% of global production comes from a few countries in Western Africa with the Ivory Coast being the largest grower. According to our latest research, the global Cocoa Liquor size is estimated to be xx million in 2021 from USD xx million in 2020, with a change of XX% between 2020 and 2021. The increasing human population is indeed responsible for the upsurge in the demand for cocoa products and the saddling pressure on the global cocoa market. In the 2010s, however, production declined significantly, falling to just 400,000 tons in 2015. The market size will reach USD 5685.3 million by the end of 2026, growing at a CAGR of 2.4% during 2021-2026. Chocolate's continuous phase is formed by cocoa butter, which is a key element. That disappointing return cast a pall over COCOBOD's reform efforts encouraging its critics to doubt the production . Accra, GHANA (26 November 2021) — Cargill has completed a US$13 million expansion of its cocoa processing facility in Tema, expanding the company's cocoa-grinding capability to match growing consumer demands for cocoa powder. 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