The Cocoa Powder Market size is forecast to reach USD 3.06 Billion from USD 2.54 Billion in 2019, delivering a CAGR of 2.3% through 2027, according to a new report by Reports and Data. Growing awareness regarding the health benefits of cocoa, along with increasing product application in cosmetics and the F&B industry, is poised to drive industry growth through 2027.
Cocoa
powder comprises several minerals, including magnesium, calcium, copper, zinc,
sodium, phosphorous, potassium, and several other vital vitamins that are
beneficial for the human body—the consumption of the product aids in lowering
bad cholesterol, blood pressure, and preventing stroke. Cocoa powder is also
considered an antidepressant as it contains compounds that boost serotonin and
endorphin levels. It also contains a high amount of antioxidants that may
combat cancer in some cases. Additionally, the consumption of cocoa powder
strengthens the immune system and offers the potential to combat conditions
like dementia.
A
significant rise in the adoption of sustainable cocoa cultivation due to
surging product demand from the food & beverage sector is likely to
supplement the cocoa powder market share. Increasing preferences for cocoa
enriched foods has compelled manufacturers of food and beverages to increase
the uptake of cocoa powder than ever before.
According
to the International Cocoa Organization, the prices of cocoa powder in January
2020 had a 20% year-on-year increase. A rise in the disposable income of
masses, particularly in emerging economies like India and China, along with
growing awareness regarding the health benefits of the product, will foster
cocoa powder revenue share through 2027.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/2691
Competitive
Landscape:
The research
report offers details about leading companies in the global Cocoa Powder market
along with global position, financial standing, license agreement, products and
services portfolio and revenue contribution of each market player. Key players
in the market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2028.
Some of the Leading Market Players Are Listed Below:
· Cargill
Incorporated,
· Nestle,
· Barry
Callebaut,
· Jindal
Cocoa,
· Carlyle
Cocoa,
· Ghirardelli,
· Mars
Incorporated,
· Puratos
Group,
· Swiss
Chalet Fine Products,
· Cocoa
Processing Company
Get more Information about this Report: https://www.reportsanddata.com/report-detail/cocoa-powder-market
Market Segmentation:
Cocoa Powder Market Segmentation based on Type Outlook:
- Natural Cocoa
Powder
- Dutch Process
Cocoa Powder
- Others
Cocoa Powder Market Segmentation based on Distribution Channel Outlook:
- Online
- Offline
Cocoa Powder Market Segmentation based on Application Outlook:
- Chocolate
& Confectionery
- Bakery
- Beverage
- Functional
Food
- Pharmaceutical
- Cosmetics
Cocoa Powder Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Cocoa Powder Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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a customization of the report: https://www.reportsanddata.com/request-customization-form/2691
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reading our research report. We also offer report customization as per client
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