Overview of Cocoa Powder Market: Size, Trends, Share and Growth Forecast till 2026

Posted on 2018-06-19 by Mark Hub in Food & Beverage // 0 Comments

ROCKVILLE, US, 2018-Jun-19 — /EPR Network/ — With the increasing production of chocolate and confectionery products, demand for cocoa powder will continue to increase among the leading food and beverage industry. Consumption of cocoa powder is likely to remain high with the shift in preferences of various health conscious customers. Individuals prefer spending on food products rich in health-benefiting ingredients such as cocoa powder. In order to expand their customer base, leading firms are focusing on incorporating innovative flavors and ingredients in the food products.

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As consumption of cocoa powder benefits the health of customers, leading food manufacturers are looking to opt for cocoa powder as an important ingredient. Demand for cocoa powder continues to remain pervasive in the food and beverage industry with the prevalence of cardiovascular diseases. Besides food and beverage industry, leading cosmetic and personal care industries are also focusing on utilizing cocoa powder as an important ingredient for skin care products. Through product innovation and differentiation, leading firms are focusing on attaining a competitive edge in the global market.

Global Cocoa Powder Market to Account for Over 1,315 ‘000 Tonnes in Terms of Volume By 2026-End

Fact.MR states that the global cocoa powder market is projected to account for more than 1,315 ‘000 tonnes in terms of volume by 2026-end. Increasing production of chocolates and confectioneries has led to a surge in demand for the cocoa powder in the food and beverage industry. As cocoa powder is rich in vitamins and minerals, leading manufacturers are utilizing it as an important ingredient for enhanced flavor in food products. Also, consumption of cocoa powder food products benefits the cardiovascular health of customers. In order to offer enhanced customer experience, leading firms are focusing on utilizing cocoa powder for food innovation. Food manufacturers are utilizing cocoa powder to produce confectionery syrup and chocolates. These products are further used as an important ingredient during the production of bakery products. In addition, demand for the cocoa products will continue to remain high in the cosmetic industry. Leading manufacturers in the cosmetic industry are focusing on utilizing cocoa powder for the production of various cosmetics and soaps. Attributed to various health benefitting features, demand for the cocoa powder will also continue to remain high for the production of various creams, scrubs, ointment, lotions, face masks, and facial toners. Also, increase in production of other skin care products such as massage oils, bath bomb products, and lip balms has led to an upsurge in demand for cocoa powder as an important ingredient in the cosmetic industry. To remain on the forefront of the global market, leading companies are focusing on incorporating innovative flavors in the food products.

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With the growing production of hot beverages such as hot chocolate and hot coffee, demand for cocoa products will continue to remain high in the beverage industry. In terms of volume, beverage will account for a major share in the global market by the end of 2026. In addition, beverage is expected to register the fastest growth in the global market throughout 2026.

Sales of the confectionery products will continue to remain high through distribution channels globally. In terms of volume, distribution channel is expected to record for a significant share in the global market by the end of 2026.

Leading players in the global market are Dutch Cocoa, Touton, Swiss Chalet Fine Foods, Barry Callebaut, Cargill, Inc., Olam International, Cocoa Processing Company, Mars, Inc., Nestle, Ghirardelli, and Hershey’s.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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