Cocoa Bean Extract Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2028

Cocoa bean extract is a bitter mixture produced from cocoa beans. It is a concentrated form of cocoa beans. Cocoa bean extract is rich in flavanols, procyanidines, etc. and is used to enhance the flavour of food formulations that contain chocolate.

Cocoa bean extract is available in two forms – liquid and powder. Cocoa bean extract can easily mix with various products such as chocolates, cakes, baby food, etc., without leaving any precipitate. Cocoa bean extract has applications in several industries, which include food, beverages, pharmaceuticals, cosmetics, etc., and can be easily used without emulsifiers, suspension agents, etc.

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Cocoa bean extract is gaining traction in the food & beverages and pharmaceutical industries

Consumers are focusing on the usage of nutritional food products that are organic and have a higher shelf-life, because of which the manufacturers of food and beverages are seeking food ingredients that fulfil the requirements of consumers and help develop innovative products. Cocoa bean extract meets the requirements of consumers as it is organic and has a higher shelf-life, due to which the demand for cocoa bean extract from the food and beverages industry is likely to increase.

The scientific data on cocoa bean extract has boosted its usage in the pharmaceutical industry as it provides several health benefits. Companies are focusing on the development of pharmaceutical products that use cocoa bean extracts in capsules, tablets, etc., to provide health benefits along the classic flavour of cocoa.

However, unfavourable weather conditions which affects the quality as well as the yield of cocoa beans is one of the major factors restraining the cocoa bean extract market. In 2017, the cocoa production in Ghana was affected due to mixed weather conditions. Unpredictable climate can decrease the production of cocoa beans, which is likely to increase its cost price. Increase in the price of cocoa bean extract is likely to hamper its demand from the manufacturers of various products, and this is expected to restrain the growth of the cocoa bean extract market.

Global Cocoa Bean Extract Market: Some key market players operating in the cocoa bean extract market are Bioriginal Food & Science Corporation, The Green Labs, John Aromas, Kerry Inc., Cyvex Nutrition, Inc., Ambe Phytoextracts Pvt Ltd., PROVA SAS, Panacea Phytoextracts Pvt. Ltd., Haldin, CPC Ingredients, Indo-World, Tharakan and Company and Van Aroma.