Global Cocoa Powder Market Segmentation, By Product Type (Black Cocoa, Double-Dutch Cocoa Blend, Triple Cocoa Blend, Bensdorp Dutch-Process Cocoa, Cocoa Rouge, Natural Cocoa), Cocoa Variety (Forastero, Criollo, Trinitario, Others), Distribution Channel (Modern Trade, Specialty Stores, Convenience Stores, Traditional Grocery Stores, Online Stores, Other), End User (Chocolate & Confectionary, Beverages, Bakery, Functional Food, Cosmetics, Pharmaceuticals) - Industry Trends and Forecast to 2031.
Global Cocoa Powder Market Size
Global cocoa powder market size was valued at USD 11.60 billion in 2023 and is projected to reach USD 17.14 billion by 2031, with a CAGR of 5.00% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Cocoa Powder Key Market Insights
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Segmentation
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By Product Type: Black Cocoa, Double-Dutch Cocoa Blend, Triple Cocoa Blend, Bensdorp Dutch-Process Cocoa, Cocoa Rouge, Natural Cocoa
By Cocoa Variety: Forastero, Criollo, Trinitario, Others
By Distribution Channel: Modern Trade, Specialty Stores, Convenience Stores, Traditional Grocery Stores, Online Stores, Other
By End User: Chocolate & Confectionary, Beverages, Bakery, Functional Food, Cosmetics, Pharmaceuticals
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Key Market Players
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The Hershey Company, Ghirardelli Chocolate Company, Nestle, Mars, Incorporated, Ecom Dutch Cocoa, Cocoa Processing Company Limited (CPC), Ferrero, Cargill Cocoa & Chocolate, Guan Chong Berhad, Organic Commodity Products Inc., Newtown Foods USA, The Kraft Heinz Company, Petra Foods Limited, Touton S.A., Blommer Chocolate Company, Belcolade NV, Olam International, Cargill, Incorporated, Barry Callebaut, Swiss Chalet Fine Foods, and Dutched Cocoa
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Global Cocoa Powder Market Dynamics
High adoption of sustainable cocoa cultivation along with rising usage of processed products in the food and beverage sector are the factor for the cocoa powder market in the forecast period of 2024-2031.
The shifting inclination of consumers have bound manufacturers of food items and beverages to amplify the uptake of cocoa powder and make things chocolaty than earlier which will accelerate the demand for cocoa powder market. Rising focus on innovation with cocoa powder to create new food & beverage products, rising e-commerce channels and various health benefits couple with cocoa powder such as better lood rate, reduced risk of heart attack and others, will also enhance the market growth. On the other hand, increasing demand from chocolate manufacturers to create different chocolate and confectionary products will further create new opportunities for the cocoa powder market in the forecast period of 2024-2031.
Stringent government regulations in the consumption of cocoa powder due to the presences of cadmium, which is a toxic heavy metal, will restrict the growth of cocoa powder market in the above mentioned forecast period.
This 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 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.
Global Cocoa Powder Market Scope
Cocoa powder market is segmented on the basis of product type, cocoa variety, distribution channel and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product Type
- Black Cocoa
- Double-dutch Cocoa Blend
- Triple Cocoa Blend
- Bensdorp Dutch-Process Cocoa
- Cocoa Rouge
- Natural Cocoa
Cocoa Variety
- Forastero
- Criollo
- Trinitario
- Others
Distribution Channel
- Modern Trade
- Specialty Stores
- Convenience Stores
- Traditional Grocery Stores
- Online Stores
- Others
End user
Cocoa Powder Market Regional Analysis
Cocoa powder market is analyzed and market size, volume information is provided by country by product type, cocoa variety, distribution channel and end user as referenced above.
The countries covered in the cocoa powder market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA).
North America dominates the cocoa powder market in the forecast period 2020 to 2027 because of growing demand for the product for use in cookies, different types of chocolate & cookies and rising demand for cocoa in functional food & beverages along with pharmaceutical industry in the region.
The country section of the cocoa powder market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Cocoa Powder Market Share Analysis
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 market.
Cocoa Powder Market Leaders Operating in the Market Are:
- The Hershey Company
- Ghirardelli Chocolate Company
- Nestle
- Mars Incorporated
- Ecom Dutch Cocoa
- Cocoa Processing Company Limited (CPC)
- Ferrero
- Cargill Cocoa & Chocolate
- Guan Chong Berhad
- Organic Commodity Products Inc.
- Newtown Foods USA
- The Kraft Heinz Company
- Petra Foods Limited
- Touton S.A.
- Blommer Chocolate Company
- Belcolade NV
- Olam International
- Cargill Incorporated
- Barry Callebaut
- Swiss Chalet Fine Foods
- Dutched Cocoa
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