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Home / Opportunities / Cocoa

Cocoa

opportunity

With Africa dominating the global cocoa market, particularly in countries like Ivory Coast and Ghana, investors stand to benefit from a combination of factors. These include Africa's strategic location, conducive farming conditions, robust infrastructure, and government support. The steady growth in global cocoa consumption and the rising demand for chocolate and cocoa-based products also ensure a promising market outlook.

$11.3 Bn

Market Size

CAGR

$14 Bn

Forecast

Cocoa by-product markets

Chocolate Bars

Cocoa Butter

Cocoa Powder

Cocoa Shell Mulch

Cocoa Liquor

Nutraceutical Extracts

COCOA BUSINESS IN AFRICA: KEY ADVANTAGES FOR INVESTORS

Dominant Global Position: Africa, particularly countries like Ivory Coast, Ghana, and Nigeria, holds a dominant position in the global cocoa market, accounting for approximately 70% of global cocoa production. Ivory Coast alone produces over 40% of the world's cocoa beans annually.
Steady Growth and Demand: The global cocoa market size was valued at approximately USD 11.3 billion in 2020, with a projected CAGR of around 3% from 2021 to 2026.
Strategic Location and Infrastructure: African countries offer strategic locations for cocoa production, with favorable climates and well-established infrastructure for farming and export.
Value Addition Opportunities: Investors can capitalize on value addition by establishing cocoa processing plants, producing cocoa butter, cocoa powder, and chocolate products for both domestic and international markets.