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Exploring the World’s Best Import Markets for Chocolate and Cocoa Food Preparations

global trade cocoa
Global Trade Daily, Imports/Exports

Exploring the World’s Best Import Markets for Chocolate and Cocoa Food Preparations

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Chocolate and other food preparations containing cocoa are some of the most beloved and indulgent treats enjoyed by people all over the world. The global market for these delicious products is thriving, with a growing demand for high-quality chocolates driving import markets around the world. In this article, we will explore the top import markets for chocolate and other food preparations containing cocoa, as well as provide key statistics and insights into the industry.

Read also: Supply Chain Logistics For Chocolate

1. United States – $955.0 Million USD in 2023

The United States is the world’s largest import market for chocolate and other food preparations containing cocoa, with an import value of $955.0 million USD in 2023. The country’s love for chocolate is evident in its high import numbers, as consumers clamor for a wide range of chocolate products from around the globe.

2. France – $772.5 Million USD in 2023

France is another major player in the global chocolate market, with an import value of $772.5 million USD in 2023. Known for its sophisticated palate and culinary expertise, France imports a diverse array of chocolate products to satisfy the tastes of its discerning consumers.

3. Germany – $680.2 Million USD in 2023

Germany boasts an import value of $680.2 million USD in 2023, making it one of the top import markets for chocolate and other food preparations containing cocoa. With a strong economy and a high standard of living, Germans have a penchant for gourmet chocolates and premium confections.

4. Belgium – $376.4 Million USD in 2023

Belgium is renowned for its fine chocolates and artisanal confections, making it a key player in the global chocolate market. With an import value of $376.4 million USD in 2023, Belgium has a thriving chocolate industry that caters to both domestic and international markets.

5. Poland – $336.4 Million USD in 2023

Poland is emerging as a significant import market for chocolate and other food preparations containing cocoa, with an import value of $336.4 million USD in 2023. The country’s growing economy and increasing consumer demand for gourmet chocolates are driving its rise in the global chocolate market.

6. Canada – $288.2 Million USD in 2023

Canada is another major importer of chocolate and other cocoa-based products, with an import value of $288.2 million USD in 2023. As a country with a diverse population and a strong food culture, Canada offers a lucrative market for chocolate producers looking to expand their reach.

7. United Kingdom – $275.3 Million USD in 2023

The United Kingdom has a strong affinity for chocolate, with an import value of $275.3 million USD in 2023. British consumers enjoy a wide variety of chocolate products, from traditional bars and truffles to innovative and exotic flavors imported from around the world.

8. Netherlands – $270.6 Million USD in 2023

The Netherlands is a key player in the global chocolate market, with an import value of $270.6 million USD in 2023. Famous for its rich cocoa heritage and expertise in chocolate making, the Netherlands imports a wide range of chocolate products to satisfy the cravings of its chocolate-loving consumers.

9. Japan – $269.4 Million USD in 2023

Japan is a major import market for chocolate and other food preparations containing cocoa, with an import value of $269.4 million USD in 2023. As a country with a strong tradition of gift-giving and culinary excellence, Japan offers a lucrative market for high-quality chocolates and premium confections.

10. Italy – $173.0 Million USD in 2023

Italy rounds out the top 10 import markets for chocolate and other food preparations containing cocoa, with an import value of $173.0 million USD in 2023. Known for its rich culinary heritage and passion for indulgent treats, Italy imports a diverse range of chocolate products to satisfy the cravings of its discerning consumers.

Source: IndexBox Market Intelligence Platform 

chocolate
Global Trade Daily, Imports/Exports

Top 10 Import Markets for Cocoa Bean in the World

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When it comes to the global trade of cocoa beans, there are several countries that stand out as major import markets. These countries play a crucial role in the supply chain of cocoa beans, which are the key ingredient in chocolate production. In this article, we will take a closer look at the top 10 countries by import value of cocoa beans, as well as key statistics and market trends.

1. Netherlands – $2.2 Billion USD in 2023

The Netherlands tops the list as the world’s largest importer of cocoa beans, with an import value of $2.2 billion USD in 2023. The country has a strong reputation for its chocolate and confectionery industry, making it a key player in the global cocoa bean market.

2. Malaysia – $1.5 Billion USD in 2023

Malaysia takes the second spot on the list, with an import value of $1.5 billion USD in 2023. The country’s growing demand for cocoa beans is driven by its expanding chocolate market, as well as its use in other food and beverage products.

3. Germany – $1.3 Billion USD in 2023

Germany is another major player in the global cocoa bean market, with an import value of $1.3 billion USD in 2023. The country’s strong economy and large chocolate industry make it a significant importer of cocoa beans.

4. Belgium – $996.9 Million USD in 2023

Belgium ranks fourth on the list, with an import value of $996.9 million USD in 2023. The country is known for its high-quality chocolate and confectionery products, making it a key destination for cocoa bean imports.

5. United States – $769.3 Million USD in 2023

The United States is the fifth largest importer of cocoa beans, with an import value of $769.3 million USD in 2023. The country’s chocolate industry is one of the largest in the world, driving its demand for cocoa beans.

6. Indonesia – $582.1 Million USD in 2023

Indonesia is another significant player in the global cocoa bean market, with an import value of $582.1 million USD in 2023. The country’s growing chocolate industry and increasing consumer demand for chocolate products are driving its imports of cocoa beans.

7. France – $459.0 Million USD in 2023

France ranks seventh on the list, with an import value of $459.0 million USD in 2023. The country is known for its high-quality chocolate and pastry products, making it a key importer of cocoa beans.

8. Canada – $359.2 Million USD in 2023

Canada is the eighth largest importer of cocoa beans, with an import value of $359.2 million USD in 2023. The country’s chocolate market is growing, driving its demand for cocoa beans in recent years.

9. Italy – $325.8 Million USD in 2023

Italy ranks ninth on the list, with an import value of $325.8 million USD in 2023. The country’s chocolate and confectionery industry is a significant driver of its cocoa bean imports.

10. Turkey – $315.1 Million USD in 2023

Turkey rounds out the top 10 list of the world’s best import markets for cocoa beans, with an import value of $315.1 million USD in 2023. The country’s growing chocolate market and increasing consumer demand for chocolate products are fueling its imports of cocoa beans.

Overall, these top 10 countries play a critical role in the global cocoa bean market, driving demand and shaping market trends. As the chocolate industry continues to expand worldwide, these countries will likely remain key import markets for cocoa beans in the coming years.

Source: IndexBox Market Intelligence Platform 

cocoa industry
Archives, Global Trade Daily, Market insight

Cocoa Industry is Anticipated to Reach a Valuation of US$ 79 Billion by 2032

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The value of the global cocoa market is US$ 48.3 billion in 2022, which is projected to reach US$ 79 billion by 2032-end, increasing at a CAGR of 5% between 2022 and 2032.

Cocoa is also used at a significant rate in the nutraceutical, pharmaceutical, healthcare, and cosmetics industries as a coloring and flavoring agent. Furthermore, cocoa is utilized for the manufacturing of toiletries due to its excellent flavor and aroma. Thus, increasing use of cocoa across various industry verticals is likely to serve as a noticeable factor propelling the sales opportunities in the cocoa market.

The industry of cocoa is showcasing noticeable growth because of the robust growth trajectory of the industry of chocolate confectionery. There is a noteworthy increase in the share of global grindings that has bolstered the consumption of ingredients that are based on cocoa. The development of new products in various food industry sectors is also likely to facilitate growth opportunities for cocoa suppliers.

Which Type of Cocoa Accounts for High Revenue Generation?

“Cocoa Powder Highly Demanded Due to Huge Popularity of Chocolates”

Owing to the rising popularity of chocolate goods across bakery and confectionery industries, cocoa powder is becoming more popular across the globe. Besides hot chocolate mix and chocolate milk, cocoa powder is used in a lot of food and beverage products. Various eateries use them including new startup establishments, big restaurants, and even home bakers at an increased rate.

The consumption of cocoa powder is gaining popularity because of the various health benefits that are associated with it. Further, cocoa powder contains some antioxidants and its benefits to the brain and heart have been proven.

The cosmetic industry is adopting cocoa as the natural ingredient as it helps in the improvement of skin hydration and microcirculation. In the past few years, the increasing demand for industry products across different regions throughout the world is likely to fuel growth opportunities in the market.

Gas Separation Membranes Market – Important Takeaways

  • The cocoa market is anticipated to reach a valuation of US$ 79 billion by the end of 2032.
  • Worldwide demand for cocoa is expected to increase at a CAGR of 5% through 2032.
  • The North American market for cocoa is likely to expand at a CAGR of 6.7% through 2032.
  • The global cocoa market is valued at US$ 48.3 billion in 2022.
  • The revenue share of this type of cocoa reached US$ 11.9 billion in the year 2021.

Competitive Landscape

To win in the cut-throat competition, emerging as well as existing market players are leveraging different business strategies. Some of the key strategies include acquisition, collaboration, novel product launches, portfolio expansion, agreements, partnerships, and some others that are adopted by these players to gain a competitive edge in the global cocoa market.

Some key manufacturers of cocoa include Barry Callebaut AG, Blommer Chocolate Company, Cargill Inc., Olam International Ltd., Dutch Cocoa BV, and JB Foods.

Some of the prominent initiatives that are taking place in the industry include:

  • Barry Callebaut, in March 2022, announced the expansion of its factory in Australia, Melbourne, and Campbell field. This initiative by the company is likely to expand the geographical footprints of the company in the Asia Pacific while creating high-quality and safe products. Further, the facility is likely to serve the entire sector in Australia, from local and global manufacturers to professional and artisanal chocolate users.
  • Blommer Chocolate Company is a subsidiary of Fuji Oil Co., Ltd. in January 2022, it announced the opening of an R&D application lab in downtown Chicago. With improved and new ways to support the business, the newly developed space represents the expansion of the company’s R&D capabilities.