Cocoa Processing Industry Report Trends and Outlook 2017-2022 | Page 2

REPORT DESCRIPTION
Global Cocoa Processing Market to Reach 4.6 Million Tons by 2022
Cocoa bean is derived from the cocoa tree which belongs to the species Theobroma cacao. Being
native to the Amazon region, it grows well in hot, rainy and tropical climates. Earlier considered a very
important crop in Central and South America, the popularity of cocoa has today spread all around the
world. Cocoa bean contains a number of healthful compounds which include phenylethylamine,
theobromine, polyphenols, essential vitamins, minerals, potassium and copper. It also provides
various health benefits such as improved cardiovascular and brain health, and relief from high blood
pressure, cholesterol, obesity, constipation, diabetes, bronchial asthma, cancer, chronic fatigue
syndrome and various neurodegenerative diseases.
Cocoa bean serves as a key feedstock for cocoa processing plants which process it into different forms
such as cocoa liquor, cocoa butter, cocoa cakes and cocoa powder. These processed cocoa products
currently find numerous applications in a number of industries. Cocoa powder with its unique flavour,
is widely used as a colouring agent as well as in the preparation of chocolate milk, biscuits, syrups, ice
cream, cakes and other confectionery products. On the other hand, cocoa butter is used in the
production of soaps, cosmetics and pharmaceutical products. These wide-ranging applications of
processed cocoa have facilitated the growth of the global cocoa processing market. According to a
new report by Expert Market Research, the market reached a volume of 4.2 Million Tons in 2016 and
is further expected to reach 4.6 Million Tons by 2022.