Market for Cocoa Market in the United Kingdom is projected to grow at a robust CAGR of around 6.4% during 2023 to 2033. Online Sales Channel to Generate Maximum Revenues Through 2033. With a market valuation of around US$ 687.9 million, the USA holds a 32.4% value share of the global market
NEWARK, Del: The global cocoa maker market is anticipated to poise stable growth by exhibiting a CAGR of 3.3% between 2023 to 2033. The global market size reached US$ 2,055.4 million in 2022 and it is expected to touch a valuation of US$ 2,123.2 million in 2023. By the end of the valuation period, the market is expected to surpass a valuation of US$ 2,937.6 million by 2033. According to the Future Market Insights, historical analysis the global cocoa maker market registered a CAGR of 4.8% from 2018 to 2022.
The growth of the market is attributed to the surging usage of cocoa products across numerous industries globally. Similarly, the surging popularity of homemade chocolates and the propelling adoption of cocoa makers in numerous industries like confectionery and food & beverages are expected to boost sales in the market during the assessment period.
Cocoa makers are known as a specific kind of chocolate-making equipment that is employed to produce various chocolate-based goods from cocoa beans. These machines have rapidly become one of the ideal solutions for producing high-quality chocolate products at surging speeds.
Furthermore, a significant surge in the adoption of cocoa makers has been witnessed across various sectors including food & beverage, confectionery, cosmetics, and households to make various chocolate-based products is a key factor driving the global market. The stovetop is known as the most common type of cocoa maker. Since it is simple to operate and does not require any particular equipment, the market is propelling over the forecast period. The microwave cocoa maker is faster than the stovetop one, but it requires a microwave-safe container.
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Cocoa makers are often used to create a huge variety of different chocolate products, such as candy bars, cookies, cakes, and ice cream. Generally, there are three major types of cocoa makers such as electric cocoa makers, microwave cocoa makers, and stovetop cocoa makers, available in the market which enables end users to choose any specific type based on their requirements. However, with fast and enhanced ways to make cocoa, the electric cocoa maker is anticipated to become one of the top-selling products in the market right now. It has been increasingly used in households and other commercial setups to quickly produce cocoa products. Growth in the market is fueled by the rising consumption of chocolates owing to lifestyle changes, increasing disposable incomes, and rising awareness about the health benefits associated with cocoa.
Key Takeaways
- The increasing adoption of cocoa makers in numerous industries including food & beverages and confectionery is anticipated to propel the global cocoa maker industry forward. Furthermore, the rising consumption of chocolate and cocoa fillings in various desserts is likely to augment its growth.
- A significant surge in the popularity of electric cocoa makers will exceed the demand in the market. In addition to that, the growing popularity of electric cocoa makers will elevate demand within the market.
- The growing interest in making chocolate and chocolate shakes at home will bolster sales of cocoa makers throughout the assessment period. Furthermore, the development of cost-effective products is expected to help the market thrive during the next ten years.
- The propelling awareness about the health benefits of cocoa will further assist in the expansion of the global market. Exceeding demand for cocoa products such as injectable cocoa fillings which are excessively being utilized in the preparation of a variety of bakery items such as muffins, cakes, pralines, brownies, doughnuts, croissants, macaroons, etc. will boost the global cocoa maker industry during the forecast period.
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Competitive Landscape
Leading players in the market are persistently striving to develop cost-effective cocoa makers in order to expand their customer base within various countries like China, Japan, and India. Since chocolate lovers are showcasing a high preference for preparing various chocolate varieties in their homes, a price reduction could be a game-changing strategy for manufacturers.
More Insights into the Cocoa Maker Market
As per Future Market Insights, the U.S. is anticipated to dominate the global market as it is expected to account for a massive share of around 32.4% in 2023. Growing adoption of cocoa makers across USA households, the strong presence of leading cocoa maker manufacturers, and the booming confectionery industry are some of the key factors driving the US market.
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Segmentation of Cocoa Maker Industry
By Type:
- Electric Cocoa Makers
- Microwave Cocoa Makers
- Stovetop Cocoa Makers
By Application:
- Pharmaceuticals
- Cosmetics
- Food & Beverage
- Confectionary
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
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Table of Content
1. Executive Summary | Cocoa Maker Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.6. Global Market – Pricing Analysis
3.7. Forecast Factors – Relevance & Impact
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
3.13. Consumers Survey Analysis
3.14. Macro-Economic Factors
3.15. Product Claims & Nutritional Information scanned by Buyers
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
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