[Report] Cocoa TOC

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definition and Scope of Study

II. EXECUTIVE SUMMARY

1. Market Overview

Table 1: Cocoa Market (2003-2007): Worldwide CocoaProduction by Country - Ivory Coast, Ghana, Indonesia,Brazil and Others (In Thousand Metric Tons)(includes corresponding Graph/Chart)
Market Composition
Table 2: Leading Cocoa Processing Companies Worldwide(2005) - Percentage Share Breakdown by Milling Capacitiesfor Archer Daniels Midland, Cargill, Barry-Callebaut,Nestle and Others (includes corresponding Graph/Chart)
Beans Crossing Borders
Price Volatility

2. Trends & Issues

Developing Markets to Attract Huge Investments
Organic Cocoa: The Cynosure of All Eyes
May We Call It…A Chocolate Therapy?
Premium Chocolate Being Made with Fine orFlavor Cocoa
Effluence of Heavy Metals in Cocoa
Cocoa Agroforestry
Child Labor &Cocoa

3. Product Overview

Over 500 Years of Invigorating Trip
Nutritional Benefits of Cocoa
Tropical Regions Propitious for Cocoa Cultivation
Fermentation, Cleaning and Shipment
Extraction of Cocoa Liquor
Cocoa Butter, Powder, Oil and Other By-products
Theobroma Cacao - Flavors and Traits
Regional Flavors
Threat of Pests and Diseases
Chocolate - A Sweet Treat
Types of Chocolates
Dark Sweet Chocolate
Milk Chocolate
White Chocolate
Table 3: Nutritional Value from a Bar of MilkChocolate and Dark Chocolate(includes corresponding Graph/Chart)
Threats for Cocoa Industry

4. Product Introductions

Hershey Stretches Goodness Chocolate Line
Dagoba Introduces Apothecary Chocolate Bars & Elixirs
CAMPCO Introduces A Bitter Chocolate
Mars Launches CocoaVia
Diva Chocolates Launches Cranberry Cocoa Bean
Belcolade Launches Cocoa Butter Dropsand Cocoa Powder
Hershey to Introduce Cacao Reserve
Ghirardelli Releases New Range of DarkChocolate Bars
Toms Confectionary Group Introduces Unique“Chocolate Origins”
Belcolade Unveils Cocoa Butter in Easy-to-dose Drop Format
Wilbur Introduces Premium Quality Fountain Chocolates
More Cocoa in the Ghirardelli’s Chocolate Baking Bar
Mastertaste Unveils Cocoa Flavors
ADM Introduces Cocoa Powder with Unique Traits
Green Mountain Coffee Launches New Cocoa Mix
David Michael Introduces New Range ofCocoa Enhancers

5. Recent Industry Activity

Treatt Acquires Stake in Earthoil
Kinnerton Acquires Salamanda
Armajaro and Petra Foods to Form A Joint Venture
Barry Callebaut Mulls an Agreement with Nestlé
Hershey and Godrej to Form a Joint Venture
Altria Group Spins Off Kraft Foods
DEXIA Signs an Agreement and MOU withJHB International
Campco Grabs a Cocoa Butter Export Order
Cadbury Schweppes to Develop CocoaProduction in Australia
Barry Callebaut Enhances Bean Processing Capacity
Buhler Strengthens Ghana’s Cocoa Production
Hershey Acquires Dagoba
Olam and Archer Acquire Usicam
ADM Acquires Cook Cocoa Powders
ADM Acquires Classic Couverture
WFC Acquires Queen Anne® Candy
Blommer Acquires WFC’s Chocolate Producing Plant
Petra Foods Sets Up Delfi Marketing Company
Hershey Forms Alliance with Lotte
Aprocane Signs An Agreement
Campco Inks Pact with Amul
Petra Foods Inks an In-Principle Agreement withNestle Philippines
Barry Callebaut Builds Chocolate Factory
Hershey Establishes Health and Nutrition Center
ADM to Set up Cocoa Facility in Pennsylvania
Nestle Purchases Jenny Craig for $600M
Cargill Set to Establish Cocoa Processing Unit in Ghana
Guan Chong Cocoa Inks a Purchase Agreement
LCC to Set Up Cocoa Processing Plant
Cadbury Purchases Green & Black' s
Barry Callebaut Starts New Manufacturing Unitin California
Barry Callebaut Works Out Innovative Procedurefor Protecting Polyphenols in Cocoa
Barry Callebaut Augments Production Capacity
Barry Callebaut Purchases AM Foods
Cargill Acquires OCG Cacao SA

6. Focus on Select Players

Archer Daniels Midland Company (USA)
Armajaro GMBH (Germany)
AH Cacao Real Chocolate, SA DE CV (Mexico)
Barry Callebaut AG (Switzerland)
Belcolade Nv/Sa., (Belgium)
Blommer Chocolate Company (USA)
Cadbury Schweppes Plc (UK)
Dutch Cocoa B.V (The Netherlands)
Dagoba Organic Chocolate (USA)
Ferrero S.P.A. (Italy)
Gerkens Cacao B.V. (The Netherlands)
Group Cemoi (France)
Ghirardelli Chocolate Company (USA)
The Hershey Company (USA)
Kraft Foods Inc (USA)
Masterfoods USA (USA)
Organic Commodity Products Inc (USA)
Petra Foods Limited (Singapore)
PT. Cacao Wangi Murni (Indonesia)
PT. Davomas Abadi (Indonesia)
Schokinag-Schokolade-Industrie Herrmann Gmbh &Co. Kg (Germany)
Toms Confectionery Group (Denmark)
Transmar Commodity Group Ltd (USA)
Wilbur Chocolate Company Inc (USA)
World' s Finest® Chocolate Inc (USA)

7. Global Market Perspective

Table 4: World Recent Past, Current & Future Market Analysisfor Cocoa by Geographic Region - US, Canada, Japan, Europe,Asia-Pacific (excluding Japan), Latin America and AfricanMarkets Independently Analyzed with Annual Sales Figures inThousand Metric Tons for Years 2000 through 2010(includes corresponding Graph/Chart)
Table 5: World Long Term Projections for Cocoa by GeographicRegion - US, Canada, Japan, Europe, Asia-Pacific (excludingJapan), Latin America and African Markets Independently Analyzedwith Annual Sales Figures in Thousand Metric Tons for Years2011 through 2015 (includes corresponding Graph/Chart)
Table 6: World 10-Year Perspective for Cocoa by GeographicRegion - Percentage Breakdown of Volume Sales for US,Canada, Japan, Europe, Asia-Pacific (excluding Japan),Latin America and Africa for Years 2000, 2006 & 2010(includes corresponding Graph/Chart)
Table 7: World Market for Cocoa by Geographic Region -Africa,Asia-Pacific and Latin American MarketsIndependently Analyzed with Annual Production Figuresin Thousand Metric Tons for Years 2003 through 2007(includes corresponding Graph/Chart)
Table 8: World 5-Year Perspective for Cocoa by GeographicRegion - Percentage Breakdown of Production for Africa,Asia-Pacific and Latin America for Years 2003 & 2007(includes corresponding Graph/Chart)

III. MARKET

1. The United States

A. Market Analysis
- Outlook
- Product Launches
- Strategic Corporate Developments
- Focus on Select US Players
B. Market Analytics
- Table 9: US Recent Past, Current & Future MarketAnalysis for Cocoa with Annual Sales Figures inThousand Metric Tons for Years 2000 through2010 (includes corresponding Graph/Chart)
- Table 10: US Long Term Projections for Cocoa with AnnualSales Figures in Thousand Metric Tons for Years 2011through 2015 (includes corresponding Graph/Chart)

2. Canada

Market Analysis
Table 11: Canadian Recent Past, Current & FutureMarket Analysis for Cocoa with Annual Sales Figuresin Thousand Metric Tons for Years 2000 through2010 (includes corresponding Graph/Chart)
Table 12: Canadian Long Term Projections for Cocoawith Annual Sales Figures in Thousand Metric Tons forYears 2011 through 2015 (includes correspondingGraph/Chart)

3. Japan

Market Analysis
Table 13: Japanese Recent Past, Current & FutureMarket Analysis for Cocoa with Annual Sales Figuresin Thousand Metric Tons for Years 2000 through2010 (includes corresponding Graph/Chart)
Table 14: Japanese Long Term Projections for Cocoa withAnnual Sales Figures in Thousand Metric Tons for Years 2011through 2015 (includes corresponding Graph/Chart)

4. Europe

A. Market Analysis
- Outlook
- Product Launches
- Strategic Corporate Developments
- Focus on Select European Players
B. Market Analytics
- Table 15: European Recent Past, Current & FutureMarket Analysis for Cocoa by Geographic Region -The Netherlands, Germany, France, UK, Italy, Russiaand Rest of Europe Markets Independently Analyzedwith Annual Sales Figures in Thousand MetricTons for Years 2000 through 2010 (includescorresponding Graph/Chart)
- Table 16: European Long Term Projections for Cocoa byGeographic Region - The Netherlands, Germany, France,UK, Italy, Russia and Rest of Europe Markets IndependentlyAnalyzed with Annual Sales Figures in Thousand MetricTons for Years 2011 through 2015 (includes correspondingGraph/Chart)
- Table 17: European 10-Year Perspective for Cocoa byGeographic Region - Percentage Breakdown of VolumeSales for The Netherlands, Germany, France, UK, Italy,Russia and Rest of Europe for Years 2000, 2006 &2010 (includes corresponding Graph/Chart)

5. Asia-Pacific

A. Market Analysis
- Outlook
- Indonesia
- Measures to Ensure Supply for Domestic Grinders
- Malaysia
- Table 18: Leading Players in Malaysian CocoaProcessing Market (2004) - Percentage Share Breakdownby Value Sales for Guan Chong Bhd, KL-Kepong CocoaProducts Sdn Bhd, Malaysia Cocoa Manufacturing SdnBhd, Delfi Cocoa (Malaysia) Sdn Bhd, Majulah KokoTawau Sdn Bhd,and Others (includescorresponding Graph/Chart)
- Leading Companies in Malaysia
- Guan Chong Cocoa Manufacturer Sdn. Bhd.
- KL-Kepong Cocoa Products Sdn. Bhd.
- MAJULAH Koko Tawau Sdn Bhd
- Vietnam to Focus More on Cocoa Production
- China
- India
- Strategic Corporate Developments
- Select Asian Players
B. Market Analytics
- Table 19: Asia-Pacific Recent Past, Current & FutureAnalysis for Cocoa by Geographic Region - Malaysia,Indonesia and Rest of Asia-Pacific Markets IndependentlyAnalyzed with Annual Sales Figures in Thousand MetricTons for Years 2000 through 2010 (includescorresponding Graph/Chart)
- Table 20: Asia-Pacific Long Term Projections for Cocoa byGeographic Region - Malaysia, Indonesia and Rest of Asia-Pacific Markets Independently Analyzed with Annual SalesFigures in Thousand Metric Tons for Years 2011 through2015 (includes corresponding Graph/Chart)
- Table 21: Asia-Pacific 10-Year Perspective for Cocoa byGeographic Region - Percentage Breakdown of VolumeSales for Malaysia, Indonesia and Rest of Asia PacificMarkets for Years 2000, 2006 & 2010 (includescorresponding Graph/Chart)
- Table 22: Asia-Pacific Market for Cocoa by GeographicRegion - Malaysia, Indonesia, and Rest of Asia PacificMarkets Independently Analyzed with Annual ProductionFigures in Thousand Metric Tons for Years 2003 through2007 (includes corresponding Graph/Chart)
- Table 23: Asia-Pacific 5-Year Perspective for Cocoaby Geographic Region - Percentage Breakdown ofProduction Figures for Malaysia, Indonesia, andRest of Asia Pacific for Years 2003 & 2007(includes corresponding Graph/Chart)

6. Latin America

A. Market Analysis
- Outlook
- Brazil
- Venezuela
- AH Cacao Real Chocolate, SA DE CV -A Major Player
B. Market Analytics
- Table 24: Latin American Recent Past, Current &Future Analysis for Cocoa by Geographic Region -Brazil and Rest of Latin America Markets IndependentlyAnalyzed with Annual Sales Figures in Thousand MetricTons for Years 2000 through 2010 (includescorresponding Graph/Chart)
- Table 25: Latin American Long Term Projections for Cocoaby Geographic Region - Brazil and Rest of Latin AmericaMarkets Independently Analyzed with Annual SalesFigures in Thousand Metric Tons for Years 2011through 2015 (includes corresponding Graph/Chart)
- Table 26: Latin America 10-Year Perspective forCocoa by Geographic Region - Percentage Breakdownof Volume Sales for Brazil and Rest of LatinAmerica for Years 2000, 2006 & 2010
- Table 27: Latin American Market for Cocoa by GeographicRegion - Brazil and Rest of Latin America MarketsIndependently Analyzed with Annual Production Figuresin Thousand Metric Tons for Years 2003 through 2007(includes corresponding Graph/Chart)
- Table 28: Latin America 5-Year Perspective forCocoa by Geographic Region - PercentageBreakdown of Production Figures for Brazil andRest of Latin America for Years 2003 & 2007

7. Africa

A. Market Analysis
- Outlook
- Market Overview
- Deforestation Beyond Control
- Ghana
- Table 29: Cocoa Market in Ghana: Exports forthe Period 2003-2005 (In Thousand Metric Tons)(includes corresponding Graph/Chart)
- A Glance at the Regulatory Side
- Ivory Coast
- Cameroon
- Nigeria
- Uganda
- Strategic Corporate Developments
B. Market Analytics
- Table 30: African Recent Past, Current & Future Analysisfor Cocoa by Geographic Region - Ivory Coast and Rest ofAfrica Markets Independently Analyzed with Annual SalesFigures in Thousand Metric Tons for Years 2000 through2010 (includes corresponding Graph/Chart)
- Table 31: African Long Term Projections for Cocoa byGeographic Region - Ivory Coast and Rest of AfricaMarkets Independently Analyzed with AnnualSales Figures in Thousand Metric Tons forYears 2011 through 2015 (includes correspondingGraph/Chart)
- Table 32: Africa 10-Year Perspective for Cocoa byGeographic Region - Percentage Breakdown ofVolume Sales for Ivory Coast and Rest of Africafor the Years 2000, 2006 & 2010
- Table 33: African Market for Cocoa by GeographicRegion - Ivory Coast, Ghana, Nigeria, Cameroon andRest of Africa Markets Independently Analyzed withAnnual Production Figures in Thousand MetricTons for Years 2003 through 2007 (includescorresponding Graph/Chart)
- Table 34: Africa 5-Year Perspective for Cocoa byGeographic Region - Percentage Breakdown ofProduction Figures for Ivory Coast and Rest of Africafor Years 2003 & 2007 (includes correspondingGraph/Chart)

IV. COMPETITION

1. Agmark Pacific Limited (Papua New Guinea)
- Agmark Cocoa Division (Papua New Guinea)
2. Agrarian Industrial Cooperative Naranjillo (Peru)
3. AH Cacao Real Chocolate SA de CV (Mexico)
4. Archer Daniels Midland Company (USA)
- Table 35: Half Yearly Sales Analysis:2007 Vs. 2006 (H1) (In US$ million)
- Table 36: Half Yearly Sales Analysis by Segment:2007 Vs. 2006 (H1) (In US$ million)
- Table 37: Annual Sales Analysis: 2006 Vs. 2005(In US$ million)
- Table 38: Annual Sales Analysis by Quarter:2006 Vs. 2005 (In US$ million)
- Table 39: Annual Sales Analysis by Segment:2006 Vs. 2005 (In US$ million)
- Table 40: Annual Sales Analysis by GeographicRegion: 2006 Vs. 2005 (In US$ million)
5. Arecanut And Cocoa Marketing And ProcessingCooperative Ltd. (India)
6. Armajaro Holding Limited (UK)
- Armajaro GmbH (Germany)
7. Barry Callebaut AG (Switzerland)
- Table 41: Nine Months Sales Analysis: 2006 Vs. 2005(Nine Months Ended, May) (In SwF million)
- Table 42: Annual Sales Analysis: 2005 Vs. 2004(In SwF million)
- Table 43: Annual Sales Analysis by Segment:2005 Vs. 2004 (In SwF million)
- Table 44: Annual Sales Analysis by GeographicRegion: 2005 Vs. 2004 (In SwF million)
8. Bauermeister, Inc. (USA)
9. Belcolade NV/SA (Belgium)
10. Blommer Chocolate Company (USA)
11. Bridgehead (Canada)
12. Buhler AG (Switzerland)
13. Cadbury Schweppes PLC (UK)
- Table 45: Annual Sales Analysis: 2005 Vs. 2004(In £ million)
- Table 46: Annual Sales Analysis by Segment:2005 Vs. 2004 (In £ million)
- Table 47: Annual Sales Analysis by GeographicRegion: 2005 Vs. 2004 (In £ million)
14. Cargill, Inc. (USA)
- Table 48: Annual Sales Analysis: 2004-2006(In US$ million)
- Wilbur Chocolate Company, Inc. (USA)
- Gerkens Cacao BV (The Netherlands)
15. Ciranda®, Inc. (USA)
16. Dagoba Organic Chocolate (USA)
17. David Michael & Company (USA)
18. DEXIA (Commonwealth of Dominica)
19. Diva Chocolates (USA)
20. Ecom Agroindustrial Corporation (Switzerland)
- Dutch Cocoa BV (The Netherlands)
21. ED And F Man Cocoa Ltd. (UK)
22. Esco Uganda Ltd (Uganda)
23. Ferrero SpA (Italy)
24. Ghirardelli Chocolate Company (USA)
25. Goodwill Food Marketing Sdn. Bhd. (Malaysia)
26. Green Mountain Coffee Roasters, Inc (USA)
- Table 49: Half Yearly Sales Analysis: 2007 Vs. 2006 (H1)(In US$ million)
- Table 50: Annual Sales Analysis: 2006 Vs. 2005(In US$ million)
- Table 51: Annual Sales Analysis by Segment:2006 Vs. 2005 (In US$ million)
- Table 52: Quarterly Sales Analysis: 2006 Vs. 2005(In US$ million)
27. Group Cemoi (France)
28. Guan Chong Cocoa Manufacturer Sdn. Bhd. (Malaysia)
29. Hawaiian Vintage Chocolate (USA)
30. Hershey Company (USA)
- Table 53: First Quarter Sales Analysis:2007 Vs. 2006 (In US$ million)
- Table 54: Annual Sales Analysis: 2006 Vs. 2005(In US$ million)
- Table 55: Annual Sales Analysis by Quarter:2006 Vs. 2005 (In US$ million)
31. Indcresa, Productos De Cacao (Spain)
32. J.F. Braun & Sons, Inc. (USA)
33. JB Cocoa Sdn. Bhd. (Malaysia)
34. Jiangsu Linzhi Shanyang Group Co., Ltd. (China)
35. K.L. Kris Food Industries Sdn Bhd (Malaysia)
36. Kinnerton (Confectionery) Company Ltd. (UK)
37. KL-Kepong Cocoa Products SDN BHD (Malaysia)
38. Kraft Foods, Inc. (USA)
- Table 56: Nine Months Sales Analysis: 2006 Vs. 2005(Nine Months Ended, September)(In US$ million)
- Table 57: Nine Months Sales Analysis by Segment:2006 Vs. 2005 (Nine Months Ended,September)(In US$ million)
- Table 58: Nine Months Sales Analysis by ConsumerSector: 2006 Vs. 2005 (Nine Months Ended,September) (In US$ million)
- Table 59: Annual Sales Analysis: 2005 Vs. 2004(In US$ million)
- Table 60: Annual Sales Analysis by Segment:2005 Vs. 2004 (In US$ million)
- Table 61: Annual Sales Analysis by Quarter:2005 Vs. 2004 (In US$ million)
- Table 62: Annual Sales Analysis by GeographicRegion: 2005 Vs. 2004 (In US$ million)
39. Kuapa Kokoo (Ghana)
40. Lotus Chocolate Company (USA)
41. Luki Cocoa (Ghana)
42. Majulah Koko Tawau Sdn Bhd (Malaysia)
43. Malaysia Cocoa Manufacturing Sdn Bhd (Malaysia)
44. Mars, Inc. (USA)
45. Masterfoods USA (USA)
46. Mastertaste (USA)
47. Nestle SA (Switzerland)
- Table 63: Annual Sales Analysis: 2006 Vs. 2005(In CHF million)
48. OCG Cacao U.S., Inc. (USA)
49. Olam International (Singapore)
- Table 64: Market Share by Geographic Region:2006 (% Breakdown of Value Sales)
- Table 65: Half Yearly Sales Analysis: 2007 Vs. 2006(H1) (In S$ million))
- Table 66: Half Yearly Sales Analysis by Quarter:2007 Vs. 2006 (H1) (In S$ million)
- Table 67: Half Yearly Sales Analysis by BusinessSegment: 2007 Vs. 2006 (H1) (In S$ million)
- Table 68: Annual Sales Analysis: 2006 Vs. 2005(In S$ million)
- Table 69: Annual Sales Analysis by BusinessSegment: 2006 Vs. 2005 (In S$ million)
- Table 70: Annual Sales Analysis by GeographicRegion: 2006 Vs. 2005 (In S$ million)
50. Organic Commodity Products, Inc. (USA)
51. Parsons Trading Ltd. (UK)
52. Pembangunan Asahan (Indonesia)
53. Petra Foods Limited (Singapore)
- Table 71: Half Yearly Sales Analysis: 2006 Vs. 2005(H1)(In US$ million)
- Table 72: Half Yearly Sales Analysis by Segment:2006 Vs. 2005 (H1) (In US$ million)
- Table 73: Annual Sales Analysis: 2005 Vs. 2004(In US$ million)
- Table 74: Annual Sales Analysis by Quarter:2005 Vs. 2004 (In US$ million)
- Table 75: Annual Sales Analysis by GeographicRegion: 2005 Vs. 2004 (In US$ million)
- Delfi Cocoa (Malaysia) Sdn Bhd (Malaysia)
54. PT. Cacao Wangi Murni (Indonesia)
55. PT. Davomas Abadi (Indonesia)
56. PT. Permatagriya Asri (Indonesia)
57. Schokinag-Schokolade-Industrie HerrmannGmbH & Co., KG. (Germany)
58. The Omanhene Cocoa Bean Company (USA)
59. The Original Hawaiian Chocolate Factory (USA)
60. Theobroma (The Netherlands)
61. Thuan Kieu Ltd. (Vietnam)
62. Toms Confectionery Group (Denmark)
63. Transmar Commodity Group Limited (USA)
64. Treatt, PLC (United Kingdom)
65. Trilini International Ltd. (USA)
66. United Cocoa Processor-UCP (USA)
67. World' s Finest® Chocolate, Inc. (USA)
68. Z International NY, Inc. (USA)