According to a new report published by K D Market Insights, “Cocoa Powder Market Insights, Trends, Opportunity & Forecast, 2020-2025,” the global cocoa powder market size is anticipated to witness moderate growth during the forecast period i.e. 2020-2025. Factors such as the rising chocolate consumption across the globe, the high usage of cocoa powder by manufacturers to produced different chocolate and confectionary products, the rising innovations in cocoa powder in order to develop new food & beverage products and the increasing preference for better flavor, color and texture are the primary factors driving the growth of the global cocoa powder market.

Additionally, the increasing consumption of cocoa powder due to its remarkable health benefits, the advancements in distribution channels and the rising e-commerce sector are projected to further create ample growth opportunities for the global cocoa powder market during the forecast period.

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The European region held the largest share in the global cocoa powder market in 2020 followed by North America. The region is estimated to further retain its dominance in the market during the period of forecast i.e. 2020-2025. This can be attributed to the very high consumption and production of chocolate in the region. The Asia Pacific region is anticipated to register the highest CAGR during the forecast period.

According to distribution channel, the specialty stores segment accounted for the largest share in the cocoa powder market in 2020 and is expected to further continue to dominate in the market during the forecast period of 2020-2025. According to application, the beverages segment accounted for the largest share in the cocoa powder market in 2020 and is expected to continue with the trend during the forecast period.

The global cocoa powder market is segmented into process, distribution channel, application and region. Based on process, the market is bifurcated into natural cocoa powder and Dutch process cocoa powder. Based on distribution channel, it is classified into specialty stores, convenience stores, online stores and other distribution channels. Based on application, it is classified into chocolate & confectionery, beverages, bakery, functional food, cosmetic and pharmaceuticals.

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The global cocoa powder market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Cocoa Powder Market

  • On the basis of distribution channel, the specialty stores segment accounted for the largest share in the cocoa powder market in 2020 and is expected to further continue to dominate in the market during the forecast period of 2020-2025.
  • On the basis of application, the beverages segment accounted for the largest share in the cocoa powder market in 2020 and is expected to continue with the trend during the forecast period.
  • On the basis of region, Europe held the largest share in the global cocoa powder market in 2020 followed by North America.
  • On the basis of region, Asia Pacific is anticipated to register the highest CAGR during the forecast period.

Some of the major cocoa powder companies profiled in the report include Ghirardelli, Nestle, Mars Inc., Cocoa Processing Company, Olam International, Cargill Inc., Barry Callebaut, Swiss Chalet Fine Foods, Jindal Cocoa and Carlyle Cocoa.

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KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.

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