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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.
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.
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.
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.
The
Cocoa Powder market has been segmented into key regions of the world and offers
an analysis of growth rate, market share, market size, current and emerging
trends, production and consumption ratio, industrial chain analysis, demand and
supply, import and export, revenue contribution, and presence of key players in
each region. A country-wise analysis of the market is offered in the report to
gain a better understanding of the regional spread and progress of the Cocoa
Powder market.
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 2027.
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:
The
Global Cocoa Powder industries are also studied based on leading segments, and
examines dominant product and application segments in detail. The report aims
to help reader’s benefits from the growth prospects existing in the market in
the global Cocoa Powder industries. It offers key information on drivers and
restraints influencing the leading segments in the global Cocoa Powder
industries.
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
For comprehensive
coverage, the report discusses growth prospects, opportunities, and challenges.
The market report considers various key factors across the leading regions.
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
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2691
Thank
you for reading our research report. We also offer report customization as per
client requirement. Kindly contact us to know more about the customization plan
and our team will offer you the best suited report at the earliest.
Key questions addressed in the Report:
· Which
key players are operating in the global Cocoa Powder market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Cocoa Powder market expected to reach throughout the
forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2028?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Cocoa Powder market expected to register during the
forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Cocoa Powder
market?
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