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Ghana Seeks Investment from China to Improve Cocoa Production

Business Nov 16, 2018 at 10:11

Ghana Seeks Investment from China to Improve Cocoa Production

“Our latest research report entitled Coco-Beans Market (by product type (cocoa butter, cocoa beverages, cocoa paste and beauty products), end-use (chocolate & confectionery industry, food and beverage industry and cosmetics industry)) provides complete and deep insights into the market dynamics and growth of Coco-Beans. Latest information on market risks, industry chain structure Coco-Beans cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Coco-Beans growth factors.

The forecast Coco-Beans Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Coco-Beans on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.”

In May 2018- Ghana, Cocoa Board (Cocobod) has secured $35m from the China Eximbank to build a cocoa processing plant, and now is seeking an additional $1.5bn to further aid its cocoa production.

The plant, estimated to cost $60m (the Ghanaian government pays the rest), is expected to process 40,000 tons of cocoa beans annually, and it will be located in the country’s western region of Sefwi Wiawso, said Joseph Boahen Aidoo, CEO of Cocobod.

A group of Chinese experts will collaborate with Cocobod’s management team to carry out a feasibility study on the project, according to Chinese Economic and Commercial Counsellor Chai Zhejiang.

Increased Demand for Coco to Promote Growth in the Coco-Beans Market

A wide range of products and the rising popularity of cocoa-based products such as cocoa powder, cocoa butter, cocoa beverages, and beauty products are driving the growth of the global cocoa beans market. Moreover, increased demand for coco and chocolate-based products to drive the demand for the coco-beans market. Increased insulin sensitivity, from cocoa beans, for example, may support weight loss efforts. This, in turn, is boosting the growth of the coco-beans market. However, coco –beans are highly dependent on seasons and environmental conditions and fluctuation in the prices of the commodity are the factors likely to restrain the growth of the coco-beans market during the forecast period. Several Governments are taking initiatives to educate the farmers about modern techniques that will contribute to the production of cocoa beans. Furthermore, the demand for the consumption of organic coco-beans is anticipated to provide several growth opportunities for the key players in the coco-bean market over the years to come.

Europe to Dominate the Global Coco-Beans Market

Europe dominated the coco-beans market. The growth in the European region is more as Europe is the largest producer and consumer of coco beans. Moreover, Netherlands is considered as one of the largest importers of coco-beans as it, the home to the most important cocoa trade port. On the other hand, around 60% of the coco beans from West Africa is imported by the Netherlands. Furthermore, increasing population and rising disposable income have led to an increase in the saturation of the coco-market in Asia Pacific regions. Moreover, huge demand for coco and chocolate-based products are growing rapidly in the North American regions.