Middle East & Africa Cocoa Beans Market Size & Outlook
The cocoa beans market in Middle East & Africa is expected to reach a projected revenue of US$ 3,083.7 million by 2030. A compound annual growth rate of 7.5% is expected of Middle East & Africa cocoa beans market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,859.1
Forecast, 2030 (US$M)
$3,083.7
CAGR, 2024 - 2030
7.5%
Report Coverage
Middle East & Africa
MEA cocoa beans market highlights
- The MEA cocoa beans market generated a revenue of USD 1,859.1 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, cocoa butter was the largest revenue generating product in 2023.
- Cocoa Butter is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,859.1 million |
| Market revenue in 2030 | USD 3,083.7 million |
| Growth rate | 7.5% (CAGR from 2024 to 2030) |
| Largest segment | Cocoa butter |
| Fastest growing segment | Cocoa Butter |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cocoa Butter |
| Key market players worldwide | Nestle SA, Mars Group Holdings Corp, The Hershey Company, Cargill, Barry Callebaut AG, Fuji Oil Co Ltd, Valrhona |
Other key industry trends
- In terms of revenue, MEA region accounted for 13.7% of the global cocoa beans market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,555.4 million by 2030.
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Cocoa Beans Market Scope
Cocoa beans market segmentation & scope
Application
Cosmetics
Functional Foods & Beverages
Pharmaceuticals
Confectionery
Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
South Africa
Brazil
Cocoa Beans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuji Oil Co Ltd | View profile | 702 | Tennozu Parkside Building, 5-8, Higashishinagawa 2-chome, Shinagawa-ku, Tokyo, Japan, 140-0002 | http://www.foc.co.jp |
| Valrhona | View profile | 501-1000 | Tain-l'hermitage, Rhone-Alpes, France, Europe | https://www.valrhona.com |
| The Hershey Company | View profile | 10001+ | Hershey, Pennsylvania, United States, North America | http://thehersheycompany.com |
| Mars Group Holdings Corp | View profile | 755 | 1-10-7 Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-0022 | http://www.mars-ghd.co.jp |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Barry Callebaut AG | View profile | 13615 | Hardturmstrasse 181, Zurich, Switzerland, 8005 | https://www.barry-callebaut.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
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