Global Alkalized Cocoa Powder Market, By Type (Organic Alkalized Cocoa Powder, Conventional Alkalized Cocoa Powder), Application (Beverages, Bakery Products, Others) - Industry Trends and Forecast to 2024 to 2031.
Alkalized Cocoa Powder Market Analysis and Size
The essential factors contributing to the growth of the alkalized cocoa powder market in the forecast period of 2024 to 2031 include the rising preference for chocolate-based products, including confectioneries and baked goods, it has led to a strong rise in the demand for alkalized cocoa powder.
Data Bridge Market Research analyzes that the global alkalized cocoa powder market which was USD 2,621.30 million in 2023, is expected to reach USD 3,449.50 million by 2031, growing at a CAGR of 3.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Organic Alkalized Cocoa Powder, and Conventional Alkalized Cocoa Powder), Application (Beverages, Bakery Products, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Barry Callebaut (Switzerland), Cargill, Incorporated (U.S.), Olam International (Singapore), Blommer Chocolate Company (U.S.), Jindal Cocoa (India), JB Foods Limited (Malaysia), Indcresa (Spain), Cemoi (France), ADM (U.S.), Fuji Oil Holdings (Japan), BC Foods (Belgium), Ciranda, Inc. (U.S.), Cocoa Processing Company Limited (Ghana), Plot Enterprise Ghana Limited (Ghana), Cocoa Processing Company of Nigeria Limited (Nigeria), EBI Food Safety (U.S.), Puratos Group (Belgium), Cémoi Group (France), Kanegrade Ltd. (U.K.)
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Market Opportunities
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Market Definition
Alkalized cocoa powder, also known as Dutch-processed cocoa powder, is cocoa powder that has undergone an alkalization process. This process involves treating cocoa beans with an alkaline solution (usually potassium carbonate) before they are roasted. The cocoa beans are then ground into a fine powder. Alkalization alters the pH level of the cocoa, making it less acidic.
Global Alkalized Cocoa Powder Market Dynamics
Drivers
- Improved flavor and taste
Alkalization alters the pH level of cocoa powder, reducing its acidity. This process results in a milder, smoother, and less bitter taste compared to natural cocoa powder. Consumers often prefer the more palatable flavor profile of alkalized cocoa powder in various culinary applications. This is a major driver for growth of the market.
- Enhanced solubility and mixability
Alkalized cocoa powder dissolves more easily in liquids compared to natural cocoa powder. This property makes it a preferred choice for use in beverages, bakery items, and confectionery products, as it blends smoothly without clumping. Moreover, alkalized cocoa powder has a neutral pH level, allowing it to be used in recipes that require specific pH levels for optimal results. This versatility expands its potential applications in the food industry.
Opportunity
- Growing demand for processed foods
With the increasing demand for processed and convenience foods globally, alkalized cocoa powder finds extensive use in a wide range of food products, including beverages, chocolates, ice creams, desserts, and savory dishes. This can act as a huge opportunity for the market.
Restraint/Challenge
- Higher Processing Costs
The alkalization process involves additional steps and specialized equipment, leading to increased production costs compared to natural cocoa powder. This elevated cost might limit its adoption by manufacturers seeking more economical ingredients. It can be restraining for growth of the market.
This alkalized cocoa powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alkalized cocoa powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In February 2022, Olam Food Ingredients launched a line of premium deZaan cocoa powders in the U.S. These deZaan cocoa powders are developed with a focus on four essential elements: color, fat content, flavor, and alkalization level, all of which significantly influence recipe outcomes. The flavor spectrum ranges from delicate and fruity citrus notes to velvety chocolate and caramel undertones, while the color options encompass vivid shades like crimson red and terracotta, as well as the deep intensity of carbon black
Global Alkalized Cocoa Powder Market Scope
The alkalized cocoa powder market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Organic Alkalized Cocoa Powder
- Conventional Alkalized Cocoa Powder
Application
- Beverages
- Bakery Products
- Others
Global Alkalized Cocoa Powder Market Regional Analysis/Insights
The alkalized cocoa powder market is analyzed and market size insights and trends are provided by country, type, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
Europe is expected to dominate the market due to mature cocoa processing industry and a higher consumer preference for cocoa-based products in the region.
North America is expected to show significant growth in the market due to rising middle-class population and evolving consumer tastes, that have led to increased consumption of cocoa-based products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Alkalized Cocoa Powder Market Share Analysis
The alkalized cocoa powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alkalized cocoa powder market.
Some of the major players operating in the alkalized cocoa powder market are:
- Barry Callebaut (Switzerland)
- Cargill, Incorporated (U.S.)
- Olam International (Singapore)
- Blommer Chocolate Company (U.S.)
- Jindal Cocoa (India)
- JB Foods Limited (Malaysia)
- Indcresa (Spain)
- Cemoi (France)
- ADM (U.S.)
- Fuji Oil Holdings (Japan)
- BC Foods (Belgium)
- Ciranda, Inc. (U.S.)
- Cocoa Processing Company Limited (Ghana)
- Plot Enterprise Ghana Limited (Ghana)
- Cocoa Processing Company of Nigeria Limited (Nigeria)
- EBI Food Safety (U.S.)
- Puratos Group (Belgium)
- Cémoi Group (France)
- Kanegrade Ltd. (U.K.)
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