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The cocoa beans market size is forecast to increase by USD 3.33 billion at a CAGR of 4.36% between 2023 and 2028. The market is witnessing significant growth due to the increasing popularity of value-added services such as free home delivery and cash-on-delivery options. The confectionery industry's expansion, particularly in the dark chocolate segment, is driving market demand. The purchasing power of consumers in developing economies is increasing, leading to higher demand for cocoa beans. In addition, the pharmacological properties of cocoa, including its role in improving cell membranes and reducing cholesterol levels, are contributing to its use in the production of functional foods and beverages, further boosting market growth. However, the volatility in prices of cocoa beans due to supply and demand imbalances poses a significant challenge to market participants.
Furthermore, the rising trend of coupon benefits and discounts in the confectionery industry is also impacting the market dynamics. The potential for cocoa beans in the treatment of cardiovascular diseases is a significant trend, with ongoing research in this area expected to fuel market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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