The global Cocoa Processing Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are the increase in use of cocoa butter skin care products and confectionary products like dark chocolates, milk chocolates and packeted cocoa powder for bakery purpose. Flavonoids, proanthocyanidins, and theobromine, which are recognized for their antioxidant, anti-inflammatory, and anti-aging qualities, are abundant in cocoa beans. Flavonoids are also linked to a lower risk of cardiac disease, including arrhythmia, heart attack, cardiomyopathy, and heart failure. As a result, demand for cocoa-based goods has increased among health-conscious customers.
Cocoa is cultivated primarily in countries located in around the equatorial belt and rainforests owing to favorable climatic conditions. The dried and completely fermented fatty seed of the cocoa tree is known as the cocoa bean (Theobroma cacao). Forastero, criollo, and trinitario are three common plants from which cocoa is produced. Due to highest quality of chocolate, Forastero is the most popular plant. Natural cocoa and Dutch cocoa are the two types of cocoa. Natural cocoa is an acidic and bitter powder made from roasted cocoa beans with a rich and intense chocolate flavor. When opposed to raw cocoa, Dutch process cocoa powder is processed with an alkalizing chemical to change its color and give it a softer flavor. Cocoa beans are processed into a variety of products, including cocoa liquor, cocoa butter, cocoa cakes, and cocoa powder. Currently, the chocolate industry is the largest end user of cocoa. Processed cocoa products, on the other hand, have uses in a variety of different sectors. Cocoa powder, for example, is used in chocolate milk, cookies, ice cream, cakes, and a variety of other foods and beverages. Cocoa butter is also commonly utilized in manufacture of soaps, cosmetics, and pharmaceuticals.
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The global Cocoa Processing Market is expected to account for robust revenue growth throughout the forecast period. The food and beverage industry is significantly flourishing primarily because people have become more health conscious. Consumer awareness about consumption of healthy food due to sudden changes in routine and switch to sedentary lifestyle has resulted in demand for organic and nutrition rich food and drinks. Owing to the rapidly expanding population, there has been a constant demand for good quality food and food products. Technological advancements and rising funds by public and private sectors is further fueling market growth. Growing inclination towards healthier options like probiotic drinks, meat-free products, gluten free and sustainable food is boosting global market growth. Moreover, due to fast moving life, consumers offer prefer doorstep delivery of food. This in turn has encouraged manufactures to produce packaged food.
Major companies are focusing on developing new strategies like mergers and acquisitions, partnerships, collaborations and new product launches to maintain their market position as well as enhance their product base. These players are focusing on developing new products like eco-friendly packings considering the environmental concerns, protein rich foods among others. Top companies profiled in the report include: Barry Callebaut, Cargill, Olam, Blommer, Mondelez, Guan Chong & Others.
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The report also gives details about segments covered in the Cocoa Processing Market along with details of industry status in 5 major regions; North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Cocoa Processing Market Segmentation based on Product Types:
- Cocoa Powder
- Cocoa Liquor
- Cocoa Butter
- Cocoa Beans
- Specialty Fats
Cocoa Processing Market Segmentation based on Application:
- Confectionary
- Bakery
- Beverages
- Pharmaceuticals
Cocoa Processing Market Segmentation Based on Regions:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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