Globally Global Cocoa Powder Market Overview:
Cocoa powder is the final product after fermentation, roasting, and pressing of cacao beans to extract most of the cocoa butter. All flavors, but part of the fat, cocoa powder is essentially a concentrated form of cocoa beans, with a strong bitter taste. Cocoa powder is widely used for making confectionery, flavoring beverages, toppings in different foods, and filings in bakeries. Cocoa is also used as a flavoring and coloring agent in the cosmetic, health care, pharmaceutical, and nutraceutical industries. The widespread and increasing application of cocoa in various industries is one of the factors propelling the global cocoa market during the forecast period.
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Growing Trend towards Organic Cocoa Production
Market Growth Drivers:
Growing Demand for Chocolates and High Usage of Cocoa Powder in Food Service Restaurants as an Ingredient in Varieties of Foods and Beverages
Staggering Demand from Millennials for High Quality Chocolates
Climate Change and Poor Farm Management Affect the Production of Cocoa Powder
Improving Knowledge of Healthcare Well-Being Offering Lucrative Growth., Rising Food and Supplements Industry and Growing Preference for Clean-Label Products
Cocoa powder is a fragmented market due to the presence of a large number of established competitors. Key players focus on innovating and developing new strategies to maintain their market position and customer base. The company is also planning strategic activities such as partnerships, collaborations, mergers, and acquisitions that help it maintain its position in the market and maintain its competitive edge.
Some of the key players profiled in the report are Cadbury (United Kingdom), Hershey’s (United States), Sorich Organics (India), Barry Callebaut AG (Switzerland), Cargill (United States), Olam International Limited (Singapore), Blommer Chocolate Company (United States), Mondelez International, Inc. (United States), Guan Chong Berhad (Malaysia), ECOM Cocoa (Switzerland), Nestlé SA (Switzerland) and BT Cocoa (Indonesia). Additionally, following companies can also be profiled that are part of our coverage like Nuru (Africa), Nutri Desire (India), HealthyHive (United States) and Nature Vit (Canada). Considering Market by End Users, the sub-segment i.e. Commercial will boost the Global Cocoa Powder market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Global Cocoa Powder market. Considering Market by Generations, the sub-segment i.e. Generation X will boost the Global Cocoa Powder market.
Latest Market Insights:
In June 2021, US chocolate maker The Hershey Co. announced the completion of the acquisition of Lily's, a low-sugar, health confectionery manufacturer. Lily's adds this high-growth, leading BFY brand to Hershey's growing portfolio of healthy snack brands and partners with a talented and innovative team,” said Chuck Raup, President. Hershey Americas, at Release. “Lily's popular low-sugar products fit very strategically into our diversified Better Snacks strategy and will perfectly complement our existing iconic Hershey's BFY products.
In January 2023, Mondelez India, India's premier snack maker, and baker unveiled a delicious and decadent Chocobakes Chocochip Cookie infused with the iconic Cadbury flavor. After the successful launch of Cadbury Chocobakes Choc-filled Cookies and Choc Layered Cakes, the new launch is another effort to solidify the company's growing position in the bakery sector by introducing a carefully curated take on traditional chocolate chip cookies.
What Can be Explored with the Global Cocoa Powder Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Globally Global Cocoa Powder Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Global Cocoa Powder
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Globally Global Cocoa Powder market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Global Cocoa Powder market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.