Increasing production of confectionery syrups and chocolate will continue to drive the demand for cocoa powder worldwide. Demand for cocoa powder in various food productions is expected to remain high as increasing consumption of cocoa powder benefits cardiovascular health.
However, concerns about the adverse effects of cocoa consumption are likely to lead to a decrease in sales over the forecast period. According to the report, food and beverages will remain a major segment of the global cocoa powder market . . Fact.MR says the global cocoa powder market is expected to grow at a CAGR of 2.2% from 2017 to 2026 over the assessment period.
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market drivers
- Increasing Demand for Chocolate Products: Cocoa powder is an essential ingredient in various chocolate products such as chocolate bars, syrups, hot chocolate, and pastries. Demand for cocoa powder is expected to increase as demand for chocolate-based products continues to increase due to changing consumer preferences.
- Growing health awareness: Cocoa powder is rich in antioxidants and other nutrients, making it an attractive ingredient for health-conscious consumers. This is expected to drive the cocoa powder market growth over the coming years.
- Expansion of the food and beverage industry: The expansion of the food and beverage industry is expected to propel the growth of the cocoa powder market. Cocoa powder is used as an ingredient in a wide range of food and beverage products and the demand for cocoa powder is likely to increase during the forecast period.
- Increased Pharmaceutical Applications: Cocoa powder is increasingly used in pharmaceutical applications due to its anti-inflammatory, antibacterial and antioxidant properties. This is expected to boost the cocoa powder market in the coming years.
huge market
- Hush
- Ghirardelli
- nestle
- Hwaseong Co., Ltd.
- cocoa processing company
- Oram International
- Cargill Corporation
- Barry Callebaut
- Swiss Chalet Fine Food
- headache
- dutch cocoa
Key takeaways from the Cocoa Powder Market Insights Report
- Comparison of the prominent players operating in the Cocoa Powder Market Insights.
- Recent developments and key strategies adopted by market players.
- A study of micro- and macroeconomic growth indicators.
- The impact of various factors on the value chain of the cocoa powder market insights.
- Growth opportunities for emerging market players in a variety of regional markets.
- Current trends affecting the scenario of Cocoa Powder Market Insights.
Detailed assessment of key sectors
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| end-use industry |
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| cacao variety |
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Important queries pertaining to the Cocoa Powder market insights covered in the report :
- Who are the most prominent players in the cocoa powder market insight?
- What factors might hamper the growth of Cocoa Powder Market Insights during the forecast period (2021-2031)?
- Why are Tier 1 companies more concentrated in certain regions?
- How will rising raw material prices affect keyword demand?
- Why are market participants looking for opportunities in certain geographies?
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