CATEGORY

Cocoa

Cocoa is a bean which is dried and fermented to produce chocolate. There are derivatives such as cocoa butter, powder, liquers that are produced from cocoa beans which are used in different proportions to be made into chocolate.

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Cocoa Market Monitoring Dashboard


Price Trend
2410.00
Feb-2023
USD/MT
History Forecast
Supply Demand

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Cocoa Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Cocoa category is 8.00%

Payment Terms

(in days)

The industry average payment terms in Cocoa category for the current quarter is 60.0 days

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    Cocoa Suppliers


    5,536
    Total Suppliers
    282
    Diverse Suppliers
    89
    Normalized Supplier Rating
    Cocoa Supplier

    Find the right-fit cocoa supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

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    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    29

    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82

    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
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    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
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    A
    97
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    93
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    A
    100
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    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Cocoa market report transcript


    Global Cocoa Market Outlook

    The global cocoa market was valued at $24.5 billion in 2019 and is projected to grow at a CAGR of 3 percent until 2026•Western Europe and Asia are driving the demand for cocoa but farm risks may affect supply in the long-term

    .

    Contract Structures

    Direct Buying from Farmers >2-–3 years

    • Direct buying from farmers is usually carried over in long contracts for efficient procurement
    • This type of contract has a constraint of reaching the farmers regularly and supplying them technical management, which companies perform as a sustainability action
    • Buying from intermediates may be an easier option of spot buying at a cheaper price

    Buying from Intermediates (6–12 months) Short Term/Spot buying
    Farmers do not get fair pay, and hence, the sustainability of cocoa market prices, in the future, would be questionable 

    Buying through Co-operatives >2 years

    • Presence of co-operatives, who liaise between the farmer and the buyer, usually take care of a fair price at both the ends
    • Usually, this type of contract is long term for more than 1–2 years
    • The active participation of co-operatives is directly correlated to the country's political influence and unification of the farmers, which is a drawback of this contract

    Cocoa Market Overview - Cocoa, Cocoa Butter, Liquor, and Powder Material Process Flow

    Cocoa undergoes extensive processing from the bean to the various end products and by-products of the processes. This section of the report illustrates the process and the product at each stage. 

    Cocoa Harvesting Season in Major Producing Belts

    Cocoa is a seasonal crop and the harvesting periods differ geographically. This section gives an at-a-glance report on the global harvesting seasons with differentiation between the main crop and the mid crop. It also lists the important takeaways on cocoa harvesting.

    Cocoa Beans - Market Snapshot 

    This section gives the market information such as total global production growth, export information, average price, and price drivers for the cocoa beans market.

    Cocoa - Supply Analysis 

    • The International Cocoa Organization (ICCO) estimated 2018–2019 (which ended Sept. 30, 2019) global cocoa bean production at a record 4,834,000 tons, up 3.9 by percent from 4,651,000 tons during 2017–2018 and up 10 percent from the prior five-year average. The cocoa grinding sector in Ivory Coast, despite an increase in bean output, is facing a challenge. This is due to the current military and social unrest in the country, hindering investment opportunities.

    • West African countries (Ivory Coast, Ghana, Nigeria) continue to dominate the cocoa bean production over the years because of favorable climatic conditions prevailing in these regions. Apart from West Africa, Indonesia is the major producer of cocoa beans
    • There are concerns about the crop from West African nations –Ivory Coast and Ghana, due to poor bean quality. Ghana is expected to partly offset the decline in production from Ivory Coast
    • Emerging markets, like Jamaica, are receiving government support and aid to develop their cocoa farming and processing capabilities
    • In 2017, grindings are estimated at 4.03 MMT, which is a rise of nearly 10 percent from 2015 grindings (3.8 MMT)

    The report also illustrates the top cocoa bean producing and cocoa bean grinding regions.

    Cocoa Beans - Supply Analysis

    • The prospects of an improved harvest from West Africa (70 percent of World's cocoa) is looking up, mainly attributed to the less severity of the Harmattan winds (than anticipated)
    • Post the 2015 supply crunch, owing to adverse growing conditions, the La Nina brought favorable rainfall in the second half of 2016, leading to a commensurate surplus overall in 2016
    • If good weather conditions prevail, a second surplus in 2017 can be anticipated. However, the El Nino in 2017 may limit prospects of the crop output, with the production estimates needing emendation
    • This supply surge is viewed as a temporary glut, and supply crunch may resume by the second half of 2017, as most of the crops are stuck in logistics and rotting on the plant
    • With increased supply anticipated, if the current unprofitable situation for farmers does not improve, it may cause them to shift to alternate crops, which could consequently resume a firm market situation

    Cocoa - Trade Dynamics 

    The trade dynamics of the cocoa bean market such as global trade volume, exports by country, and imports by country are illustrated with key takeaway points.

    Cocoa - Pricing And Cost Structure Analysis  

    The various factors of the pricing of cocoa beans are studied in this section of the report. The key drivers that affect the price are listed. The price trends are illustrated along with future price outlook. The share of the different cost inputs to the final cost is illustrated. 

    Cocoa Derivatives - Cocoa Butter and Powder Market Snapshot

    • This cocoa market report lists the important market and price driver information for the cocoa derivatives individually.

    Cocoa Butter - Trade Dynamics

    • This section offers information about the global trade volume, exports by country, and imports by country for cocoa butter. It also gives insights about the factors that affect the trade dynamics of the cocoa butter market.

    Cocoa Powder - Trade Dynamics

    • Some countries are the top consumers of cocoa powder. This report analyses the trade dynamics of the global cocoa powder market and the factors that affect it. The individual components that impact the price of cocoa butter are listed with the price trends and forecast. The price outlook for the next 3-6, 6-9 and 9-12 months are given.

    Cocoa Butter & Powder - Cost Structure Analysis

    • The raw material, processing, and other costs that add to the final cost of cocoa butter and powder are illustrated. 

    Cocoa - End-use Demand Analysis

    • The end-use applications of cocoa determine the demand in the market. The report details the end-use demand for cocoa butter, powder, and liquor. The top 10 chocolate companies are also listed with their market sales values.

    Industry Analysis

    • The different factors that affect the supplier, buyer and other market factors are studied alongside the challenges that are faced in the cocoa bean market.

    Challenges in Cocoa Supply Chain 

    • The cocoa bean supply chain is spread worldwide and the levels of supply chain structure and efficiency vary regionally. This report lists the constraints and challenges that are faced by the cocoa bean industry from the farm level to market access.

    Trends and Innovations

    • The trends and innovations in the market are directly in response to consumer demands and the increased shift to sustainability. This report also has details of the cocoa futures market, cocoa futures market news, cocoa futures market analysis, cocoa futures market size, cocoa futures market trends, and the cocoa futures market outlook.