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Cocoa Powder Market Trends

  • Report ID: GMI9378
  • Published Date: May 2024
  • Report Format: PDF

Cocoa Powder Market Trends

The cocoa powder industry is witnessing notable trends, notably a surge in the desire for organic and high-end chocolate products, fueled by health-conscious consumers prioritizing natural and superior choices. Moreover, there's an increasing emphasis on ethically and sustainably sourced cocoa, prompting enhanced transparency in the supply chain and certification initiatives. In response to shifting consumer preferences, cocoa product offerings are expanding to include sugar-free and flavored options. Additionally, the proliferation of e-commerce platforms and online stores is broadening access to cocoa powder products, fostering market expansion and enhancing customer interaction.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cocoa powder reached USD 21.2 billion in 2023 and is set to witness 4.8% CAGR between 2024 and 2032, owing to rising demand for natural and organic ingredients.

Natural cocoa powder segment was valued at USD 8.3 billion in 2023 and will generate USD 12.3 billion by 2032, driven by minimally processed cocoa beans, maintaining their innate flavour and nutritional content.

Europe market size generated USD 8.6 billion in 2023 and is anticipated to register USD 13.6 billion by 2032, propelled by advancements in product compositions and packaging methods.

Belcolade NV, Blommer, Barry Callebaut, Cargill, Cocoacraft, Cocoa Processing Company limited, Indcresa, JB Foods Limited, Newtown Foods USA, Olam Cocoa, Organic Commodity products Inc, and Plot Ghana.

Cocoa Powder Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 530
  • Countries covered: 22
  • Pages: 350
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