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Cocoa Market 2020 Growing Factors, Status and Future Projection 2027

Cocoa Market 2020 Growing Factors, Status and Future Projection 2027

Submitted by • October 7, 2020 www.coherentmarketinsights.com

Cocoa beans is extracted from Theobroma cocoa, it is dried and fermented and further processed for producing cocoa powder, oil, liquor, butter, and other cocoa products. Cocoa is widely used in the manufacturing of chocolates. They have various health benefits due to the high content of flavonoids that reduce the risk of cardiovascular disease. The global cocoa market is projected to reach around US$ 15,065.0 million by the end of 2027, in terms of revenue, growing at CAGR of 3.4% during the forecast period (2020-2027).

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