The cocoa powder market is predicted to grow at a moderate CAGR of 2.9% during the forecast period of 2022 to 2032.
Being a tropical crop, cocoa is observed as one of the world’s most profitable cash crop. Consumers from all parts of the world have been introduced to cocoa in the form of beans or powders. Later it got inducted in the dietary habit of consumers all over the world as a favourite chocolate variety.
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What are the Key Demand Drivers for the Cocoa Powder Market?
The growing presence of cocoa powder in our dietary lifestylesand foodservice operations continues to drive the growth of the global cocoa powder market. This study analyses a slew of factors influencing the global sales of cocoa powder for the forecast period, 2022-2032.
The global market for cocoa powder is characterized by the non-uniformity in the supply of raw cocoa, increasing adoption of sustainable cocoa cultivation, and growing use of processed products in the food & beverage sector. Consumer preferences have compelled manufacturers of food items and beverages to increase the uptake of cocoa powder and make things chocolatier than before.
The study delivers an overview of the parent markets – global cocoa market and global chocolate industry – to create a comparative analysis on how the cocoa powder sales contribute to their overall growth. In the report, the global cocoa powder market has been segmented on the basis of nature of the cocoa powder, their end-use, sales channels and region.
Which are the Leading Players in the Cocoa Powder Market?
According to the taxonomy provided in the report, the aforementioned primary segments in the global cocoa powder market have been broken down further. On the basis of the nature of cocoa powder, the market is further segmented into Dutch processed and natural cocoa powder.
The key end-uses of cocoa powder analysed in the report include commercial, household and industrial. On the basis of sales channels, cocoa powder is being sold in the global market through either, direct or indirect sales.
Key regions analysed in the report include, North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa. The report also provides additional information on cross-segmental analysis and country-wise market forecast across different parameters.
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