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Cocoa Bean Derivatives Market Trends

Report ID: GMI6918
Published Date: Oct 2023
Report Format: PDF

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Cocoa Bean Derivatives Market Trends

There is an increasing consumer demand for premium and sustainable chocolate products. As consumers become more discerning, they are seeking high-quality chocolates with unique flavors, single-origin cocoa, and ethical sourcing practices. This trend has led to the proliferation of artisanal and craft chocolate brands, stimulating innovation and diversification in the cocoa derivatives industry. With the changing consumer lifestyles and dietary preferences, the market is witnessing the development of innovative cocoa derivatives for various applications. These include dairy-free and vegan chocolate alternatives, as well as cocoa-infused products in the health and wellness sector, such as cocoa-based supplements and beverages.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of cocoa bean derivatives reached USD 47.7 billion in 2022 and is set to be valued at USD 68.6 billion by 2032, attributed to high application across various industries, including food, beverages, cosmetics, and pharmaceuticals.

The cocoa beans segment accounted for USD 16.6 billion in revenue in 2022, due to the surging popularity of cocoa butter in the cosmetics and personal care industry.

North America market generated USD 14.2 billion in revenue in 2022, owing to the robust presence of well-established chocolate sector.

Some leading companies engaged in the market are Barry Callebaut, Cargill, Mondelez International, Nestl