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The cocoa tree (Theobroma cacao), grows in the tropics about 20 degrees north and south of the Equator. It can be found in areas of West Africa, Latin America, South Korea and Southeast Asia. You can use the cocoa cake as a raw material to grind and alkalize into various types of cocoa powder. Cocoa powders range from the natural type, and from the light, medium and strongly alkalized types, to ultimately different kinds of red and black colours.
Due to the COVID-19 pandemic, the global Cocoa Powder market size is estimated to be worth US$ 4362.1 million in 2021 and is forecast to a readjusted size of US$ 5452.5 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Cocoa Powder market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Cocoa Powder landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Cocoa powder industry is highly mature. Currently, there are many producing companies in the Cocoa powder industry. Of the manufactures, Olam Cocoa, Barry Callebaut and JB Foods Limited captured the top three market share spots in the Cocoa powder market in 2019. Among them, Olam Cocoa dominated the market, which occupied 24.66% global revenue market share in 2019.
This report focuses on Cocoa Powder volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Cocoa Powder market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, Southeast Asia, Africa and Central & South America, etc.
Global Cocoa Powder Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Natural Cocoa Powder
Alkalized/Dutch-process Cocoa Powder
Segment by Application
Chocolate
Beverage & Dairy
Desserts, Baking and Biscuit
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Olam Cocoa
Cargill
Barry Callebaut
Plot Ghana
Dutch Cocoa
Cocoa Processing Company Limited
Indcresa
Blommer
JB Foods Limited
Due to the COVID-19 pandemic, the global Cocoa Powder market size is estimated to be worth US$ 4362.1 million in 2021 and is forecast to a readjusted size of US$ 5452.5 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Cocoa Powder market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Cocoa Powder landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Cocoa powder industry is highly mature. Currently, there are many producing companies in the Cocoa powder industry. Of the manufactures, Olam Cocoa, Barry Callebaut and JB Foods Limited captured the top three market share spots in the Cocoa powder market in 2019. Among them, Olam Cocoa dominated the market, which occupied 24.66% global revenue market share in 2019.
This report focuses on Cocoa Powder volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Cocoa Powder market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, Southeast Asia, Africa and Central & South America, etc.
Global Cocoa Powder Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Natural Cocoa Powder
Alkalized/Dutch-process Cocoa Powder
Segment by Application
Chocolate
Beverage & Dairy
Desserts, Baking and Biscuit
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Olam Cocoa
Cargill
Barry Callebaut
Plot Ghana
Dutch Cocoa
Cocoa Processing Company Limited
Indcresa
Blommer
JB Foods Limited
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
