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Monday, 29 May 2017
In-Depth Review on Malaysia's Cocoa Industry
A Study of Malaysia's Cocoa Industry is a new market research publication announced by Reportstack. Africa is globally the largest cocoa producing region, accounting for 73% of total world cocoa production in the 2015-16 season. While Côte d'Ivoire alone contributes 40% to the world production, Ghana is the next largest contributor within Africa. Global market shares of the Americas, and of the Asia & Oceania regions rested at 16% and 11% respectively in the same period. Globally, the demand for cocoa is expected to be driven by the rising demand for premium quality cocoa powder based packaged foods.
Post the cocoa deficit of approximately 220,000 tonnes in the 2015-16 season, a surplus is projected for the world cocoa market in the 2016-17 season, which started in October 2016. The surplus is due to an expectation of a good main crops in West Africa and milder harmattan winds.
Malaysia is the largest cocoa grinder in Asia and the fifth largest globally, behind Netherlands, Cote d’Ivoire, Germany and the United States. The country currently has 15,000 hectares cocoa trees, with about 5,500 hectares in Sabah, 5,000 hectares in Sarawak and the remaining in rest of the peninsula. The total size of cocoa plantations in Malaysia is approximately 18,000 hectares and there are 15,045 small holders throughout the country. The largest plantation is Sabah, which has a total area of 7,072 hectares. The second largest plantation is Sarawak at 6,949 hectares, which has a total area of 4,101 hectares.
Our analysts believe that the outlook of the cocoa industry is medium and not bleak due to the government’s interest in the sector and rising demand from developing economies. However, the low production, falling motivation of cocoa farmers and the fragile nature of cocoa crop need to be kept in mind.
Why should the report be purchased?
This report highlights key drivers of and trends emerging in Malaysia’s cocoa sector. The performance of the sector along with government initiatives have been examined in detail. The current market scenario and future prospects of the sector has also been studied.The report contains latest industry leader's verbatim. Research methodology and delivery time
This report has conducted in depth secondary research to arrive at key insights. Data collected from key industry sources has been analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
1. Barry Callebaut 2. Nestle SA 3. Ferrero SpA 4. Hershey Company 5. Kraft Foods