The global cocoa processing market reached US$ 15.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2028.
Cocoa processing represents the methods used to process raw cocoa beans into several semi-finished products, such as cocoa powders, butter, liquor, etc. They involve fermentation, drying, aging, roasting, winnowing, and other steps. The products obtained from cocoa processing are rich in magnesium and copper, which aid in improving protein synthesis, energy production, glucose metabolism, brain development, etc. They even form the main ingredient in the preparation of several food products, including chocolate biscuits, flavored milk, ice cream, etc. Consequently, cocoa processing techniques find extensive applications across numerous sectors, such as food and beverage (F&B), pharmaceuticals, cosmetics, etc.
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Cocoa Processing Industry Trends and Drivers:
The elevating awareness among the masses about the health benefits of cocoa beans is primarily driving the cocoa processing market. In addition to this, the escalating usage of cocoa flour in processed meat items to prevent them from drying out while cooking and the shifting preferences toward packaged goods, owing to the hectic lifestyles of the people, are also positively influencing the market growth.
Besides this, the increasing prevalence of obesity, diabetes, and other lifestyle diseases and the growing need for adequate food products that will enhance the overall health of blood vessels and help reduce weight while delivering essential nutrients are acting as significant growth-inducing factors.
Moreover, the rising product adoption as a flavoring agents and coatings in medicines and supplements, on account of their antioxidant, anti-inflammatory, and anti-aging properties, is further stimulating the global market. Apart from this, the expanding utilization of cocoa butter in the production of soaps and other cosmetic products is expected to propel the cocoa processing market over the forecasted period.
Global Cocoa Processing Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being: Cocoa Touton Processing Company Limited, Transmar Group, Guan Chong Bhd., Ecom Agroindustrial Corp. Limited, Nestlé SA, Barry Callebaut Group, Blommer Chocolate Company, Mondelez International, Inc., Cargill Incorporated, and Olam International.coa Touton Processing Company Limited and Groupe CEMOI.
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The global Cocoa Processing market is segmented by type, material, price, end user, distribution channel, and region.
Breakup by Bean Type:
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- Forastero
- Criollo
- Trinitario
Breakup by Product Type:
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- Cocoa Butter
- Cocoa Liquor
- Cocoa Powder
Breakup by Application:
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- Confectionary
- Bakery
- Beverages
- Pharmaceuticals
- Others
Regional Insights
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- North America
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