Market Overview:
Cocoa Ingredients is a vital and foremost important component of chocolate. We all love chocolate, that is said to be useful in lightening our moods but we hardly ever knew its benefits to good health and life style. Or we have probably heard of some health benefits associated with the dark chocolate. Chocolate is good, but Cocoa Ingredients and its derivatives are good for health. Cocoa Ingredients are the beneficial phytonutrients also known as plant-based nutrients found naturally in cocoa, and no other food on Earth can match cocoa’s unique blend of Ingredients. That’s why experts refer to the cocoa bean as nature’s most surprising superfruit. Numerous scientific studies have demonstrated that cocoa Ingredient contains antioxidants, lowers the risk of heart disease, improves blood flow & lowers blood pressure, and decreases oxidised LDL cholesterol levels, especially in men. Cocoa Ingredients work with human body to promote healthy blood flow from head to toe, help maintain the smooth flow of oxygen and nutrients to organs and tissues. The good blood flow helps you look, perform, and feel your best every day.
Cocoa Ingredients is the primary factor of chocolate and the percentage of it used depends upon whether the chocolate is white, milk or dark. Dark chocolate has the maximum amount. The cocoa ingredient market can broadly be classified on the basis of type, form and application. Criollo, Forastero and Trinitario are the three main types of cocoa beans. It can be in the form of cocoa beans, cocoa paste, cocoa butter, cocoa fat & oil, cocoa shells and cocoa powder without any added sugar or other ingredients. It is widely used in the confectionary, dairy, bakery, beverages, pharmaceutical and personal care industry. However, today the primary customer for the cocoa ingredients market would almost certainly be the chocolate bar and confectionery one.
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The demand for Cocoa Ingredients rises as the global demand for chocolate. Driven by health, wealth and time, consumers’ eating habits change, there are now greater opportunities for cocoa growth outside confectionery. At the same time, the industry is facing pressure to produce cocoa sustainably, to maintain production levels and preserve the environment.
Globally, the market for Cocoa ingredients has witnessed increasing demand from the food and beverages industries. There has been also demand from the personal care products with growing health-awareness. However, enormous upsurge chocolate sales across the globe are projected to be the key growth driver for Cocoa Ingredients market. Additionally, increased disposable income along with thriving economic growth especially in the APAC region, Latin America and Southeast Asia will provide impetus to the chocolate demand.
Besides the upsurge awareness towards health benefits of dark chocolate that has maximum amount of cocoa will contribute to the hike up demand of chocolate and eventually of Cocoa Ingredients. Moreover, especially, in developed countries, Cocoa seeds are used as a medicine to help treat infectious intestinal diseases, asthma, diarrhea, bronchitis. The seed coat is used for bladder, liver and kidney trouble, as a tonic, treating diabetes, and even as a general remedy. The Cocoa butter is helpful in cases of high cholesterol, to treat wrinkles and even to prevent pregnancy stretch marks. However rising production cost along with the sharp drop in sugar production is expected to pose as a challenge restricting the market growth of Cocoa Ingredients market.
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Market Key Players:
Well-established players having regional and global presence adorn the global market of Cocoa Ingredients as highly competitive. Marketers are competing on the basis of price, quality, innovation, reputation, and distribution. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Cocoa Ingredients market. These strategies are expected to improve product portfolio and increase production capacity to meet the rapidly growing demand, particularly from the emerging regions.
The key players profiled in Global Cocoa ingredients Market report include- Archer Daniels Midland Company, Blommer Chocolate, Cargill Incorporated, Barry Callebaut, Cocoa Processing Company Ltd., Mars Inc, Agostonichocolate, Hershey, United Cocoa and Olam International Limited.
Segments:
The Cocoa Ingredients Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Type : Comprises types of Cocoa Ingredients Criollo, Forastero, Trinitario.
- Segmentation by Form : Comprises cocoa beans, cocoa shells, cocoa paste, cocoa butter, fat and oil, cocoa powder not containing added sugar, and others.
- Segmentation by Application: Comprises its usage in confectionery, dairy products, beverages, bakery, personal care products, pharmaceuticals, and others.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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