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Cocoa Powder Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Cargill, Plot Ghana, Indcresa, Blommer

13 Jun, 2022 | 91 Pages
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The Cocoa Powder market size is estimated to reach USD 2.9 billion by 2027 and it is expected to increase at a CAGR of 2.9% between 2022 and 2027.



Cocoa Powder Market Overview



Cocoa powder is a highly concentrated powder made from a paste made from the cacao tree's cocoa beans, and it's used in drinks and as a flavoring ingredient. It's dried and fermented. Cocoa is used to add flavor, texture, and color to foods. Natural cocoa (an acid) coupled with baking soda (an alkali) in a recipe function as a leavening agent, causing the batter to rise in the oven, so aiding the Global Cocoa Powder Industry. Flavonoids, predominantly flavanols in the form of epicatechin and catechin, have been identified as a significant source of flavonoids in cocoa beans, particularly Criollo and forastero. Antioxidant, anti-inflammatory, and anti-depressant properties are also present. Increased demand for chocolate and associated products such as sweet chocolate and dark chocolate, as well as manufacturer brand awareness advertising, are the primary drivers of the Cocoa Powder Industry during the projected period 2022-2027.



The global market for Cocoa Powder is expected to grow due to rising demand for sugar-free foods, such as obese and diabetic sweets, as well as increased industrialization and purchasing power per capita. A major driver of the sector is consumer knowledge of the nutritional benefits of cocoa flavoring components due to the presence of flavonoids. The demand for cocoa powder is rising as the demand for bakery products rises, owing to its widespread use in the bakery industry. Because of rising disposable incomes, increased consumption of ready-to-eat food due to busy lives, and additional wage-earning women, demand for bakery items is expanding.





Industry News and Updates



November 2, 2021: Cargill completes US$100M cocoa processing expansion in Côte d’Ivoire, meeting growing customer demand for dark brown cocoa powders --

Cargill has completed a $100 million expansion of its cocoa processing facilities in Yopougon, Côte d’Ivoire, a move that adds significant volumes to the company’s cocoa-grinding capacity. With this investment, the Yopougon facility is now the single largest cocoa-grinding plant in Africa.



What are the major Applications, Types and Regions for Cocoa Powder Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Natural Cocoa Powder

  • Alkalized/Dutch-process Cocoa Powder



By Application, it is segmented into




  • Chocolate

  • Beverage & Dairy

  • Desserts, Baking and Biscuit

  • Others



Cocoa Powder Market Segments Analysis




  • The alkalized/Dutch-process cocoa powder sector is expected to account for the highest revenue share during the projection period, accounting for 57.25% of total revenue in 2019. During the projected period, the natural cocoa powder category will increase at the fastest rate.

  • Chocolate was anticipated to have the greatest revenue share of 54.95% in 2019 and is expected to achieve a significant market share by the end of 2025.



Cocoa Powder Market Regional Analysis



Europe held a dominant market share of 32% in the year 2021. This is due to factors such as the presence of major market participants as well as their product advancements. The Netherlands is the world's largest importer of cocoa beans and home to one of the world's largest cocoa grinding plants. In 2020, the Netherlands imported 91 percent of its cocoa beans, largely in bulk, from West Africa. The growing popularity of high-quality chocolate has resulted in a significant increase in the number of bean-to-bar makers in the Netherlands in recent years.



Asia-Pacific is expected to develop at the quickest rate, with a CAGR of 6.2% between 2022 and 2027. The frozen bakery and confectionery sector have benefited from customers' shifting preferences and proclivity for ready-to-eat and bite-sized goods. This shift is largely due to rising consumer disposable incomes, urbanization, and the adoption of western-style eating habits. India, after the United States and China, is the third-largest producer of biscuits, according to the Agricultural & Processed Food Products Export Development Authority (APEDA).




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Cocoa Powder Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Cocoa Powder Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Cocoa Powder Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 2.9% over the forecast period (2022-2027)



By Type




  • Natural Cocoa Powder

  • Alkalized/Dutch-process Cocoa Powder



By Application




  • Chocolate

  • Beverage & Dairy

  • Desserts, Baking and Biscuit

  • Others



By Companies



Cargill, Plot Ghana, Indcresa, Blommer, JB Foods Limited, Hershey’s, Ghirardelli, Nestle, Mars Inc, Cocoa Processing Company, Olam International, Barry Callebaut, Swiss Chalet Fine Foods, Touton, Dutch Cocoa



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



 91



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Frequently Asked Questions



What is the growth rate of Cocoa Powder Market?



The Cocoa Powder Market is growing at a CAGR of 2.9% over the next 5 years.



Who are the key players in Cocoa Powder Market?



Cargill, Plot Ghana, Indcresa, Blommer, JB Foods Limited, Hershey’s, Ghirardelli, Nestle, Mars Inc, Cocoa Processing Company, Olam International, Barry Callebaut, Swiss Chalet Fine Foods, Touton, Dutch Cocoa



What are the significant types of Cocoa Powder Market?



Natural Cocoa Powder, Alkalized/Dutch-process Cocoa Powder



What are the major end-use applications of Cocoa Powder Market?



Chocolate, Beverage & Dairy, Desserts, Baking and Biscuit, Others



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL COCOA POWDER MARKET BY TYPE

    3. GLOBAL COCOA POWDER MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR COCOA POWDER



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. COCOA POWDER GROWTH

      2. APPLICATION OF COCOA POWDER



    4. IMPACT OF COVID 19



  5. GLOBAL COCOA POWDER MARKET, BY TYPE

    1. INTRODUCTION

    2. NATURAL COCOA POWDER

    3. ALKALIZED/DUTCH-PROCESS COCOA POWDER



  6. GLOBAL COCOA POWDER MARKET, BY APPLICATION

    1. INTRODUCTION

    2. CHOCOLATE

    3. BEVERAGE & DAIRY

    4. DESSERTS, BAKING AND BISCUIT

    5. OTHERS



  7. GLOBAL COCOA POWDER MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. CARGILL

      2. PLOT GHANA

      3. INDCRESA

      4. BLOMMER

      5. JB FOODS LIMITED

      6. HERSHEY’S

      7. GHIRARDELLI

      8. NESTLE

      9. MARS INC

      10. COCOA PROCESSING COMPANY

      11. OLAM INTERNATIONAL

      12. BARRY CALLEBAUT

      13. SWISS CHALET FINE FOODS

      14. TOUTON

      15. DUTCH COCOA





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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