Cocoa Powder Market Report has newly added to its massive repository. Different industry-specific methods have been used for analyzing the market carefully. The informative data has been inspected through primary and secondary research techniques. The global Cocoa Powder market has been analyzed by focusing on different verticals of the businesses such as market trends, regional outlook, competitive landscape, key players, business approaches, technologies, and standard operating procedures.
The global cocoa beans market size was estimated at USD 9.94 billion in 2018 and is projected to expand at a CAGR of 7.3% from 2019 to 2025.
The major key players covered in this report: Hershey’s, Ghirardelli, Nestle, Mars, Inc., Cocoa Processing Company, Olam International, Cargill, Inc., Barry Callebaut, Swiss Chalet Fine Foods, Touton, Dutch Cocoa., ADM.
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Cocoa butter was the largest product segment and accounted for more than 50% of global share. This product is used as a lubricant in pharmaceutical industry. It is also used as anti-oxidant, flavor enhancer, and preservative in food & beverage industry. This product form acts as emulsifier to prolong the shelf life and enhance the mouth feel of chocolates. Furthermore, it is used as aroma enhancer and humectant in the formulation of cosmetic goods.
Powder product segment is expected to witness the fastest growth at a CAGR of 8.0% from 2019 to 2025. Cocoa powder is used as an additive in formulations of chocolate syrups, cakes, chocolate confectioneries, and biscuits.
Offline distribution channel led the market in 2018 and accounted for more than 80% of global market share. The product is majorly sold through offline channels including supermarkets & hypermarkets, convenience stores, brand outlets, and direct selling. However, online segment is expected to witness the fastest CAGR of 8.3% from 2019 to 2025.
Confectionery accounted for more than 35% of global share in 2018. Significant gains in dark chocolate segment in emerging economies including China and India on account of increasing purchasing power is projected to remain a key driving force. Pharmaceuticals are expected to witness the fastest growth at a CAGR of 8.1% from 2019 to 2025. The product plays a significant role in pharmacology as it helps protect cell membranes, maintain cholesterol levels, and reduce the occurrences of Cardiovascular Diseases (CVDs).
Functional food & beverage is projected to exceed USD 3.90 billion by the end of 2025.
The Cocoa Powder market can be divided based on product types and It’s sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Cocoa Powder Market on the basis of Types are:
Double-Dutch Cocoa Blend
Triple Cocoa Blend
Bensdorp Dutch-Process Cocoa
On The basis Of Application, the Global Cocoa Powder Market is Segmented into:
Chocolate & Confectionery
North America dominated the market in 2018 and accounting for 30% of the global share. Growing demand from confectionery, cosmetics, and pharmaceuticals sectors of U.S. and Canada is projected to remain a favorable factor. Furthermore, urbanization and rising disposable income levels in Mexico is expected to open new avenues over the next eight years.
Asia Pacific is expected to witness the fastest growth at a CAGR of 8.5% from 2019 to 2025. Prominent markets of this region include China and India. Growing target population base coupled with increased health consciousness and shift in consumer preferences is expected to have a positive impact on the regional market.
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Regions covered By Cocoa Powder Market Report 2019 to 2025.
North America (United States, Canada)
South America (Brazil, Argentina, Rest of South America)
Asia (China, Japan, India, Korea, RoA)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Rest of Europe)
Others (Middle East, Africa)
The report has 150 tables and figures browse the report description and TOC:
At last, the report gives the inside and out examination of the Growing Medium Market took after by the above components, which are useful for organizations or individuals for the development of their present business or the individuals who are hoping to enter in Growing Medium industry.
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