The Cocoa Powder Market size is forecast to reach USD 3.06 Billion from USD 2.54 Billion in 2019, delivering a CAGR of 2.3% through 2027, according to a new report by Reports and Data. Growing awareness regarding the health benefits of cocoa, along with increasing product application in cosmetics and the F&B industry, is poised to drive industry growth through 2027.

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Competitive Landscape:

The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.

Key Players Profiled in the Report are:

Cargill Incorporated, Nestle, Jindal Cocoa, Barry Callebaut, Carlyle Cocoa, Mars Incorporated, Ghirardelli, Puratos Group, Cocoa Processing Company, and Swiss Chalet Fine Products

Further key findings from the report suggest:

• On the basis of application, the chocolate & confectionery segment contributed major revenue to the cocoa powder market share in 2019 and is estimated to witness a growth rate of 2% through 2027.
• The cosmetics segment is anticipated to exhibit a CAGR of 3.3% during the forecast period on account of increasing consumer spending on beauty and skincare products. Moreover, various benefits of the product, such as renewed skin cells, repairing damaged skin, absorption of UV light, increased blood flow to the skin, and others will further boost segmental growth.
• Based on distribution channel, the online distribution channel is expected register a CAGR of 4.8% through 2027 due to a plethora of factors, including lower marketing costs as compared to offline sales channel, the rapid proliferation of smart devices & internet connectivity, along with a variety of options, price ranges, discounts, and product insights, which is driving consumers to buy products online.
• In the regional landscape, the Asia Pacific market is estimated to hold a major chunk of the industry share, delivering the fastest growth rate of 3.5% through 2027 on account of the growing demand for cocoa powder from the food & beverage industry in the region. Also, rapid urbanization and changing the food habits of the people in the region will also boost market revenue share over the analysis period.
• Europe is forecast to witness a growth rate of 2.2% over the projected timeframe. In 2018, Germany and Spain together accounted for 41 % of the global consumption of cocoa powder.

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Segments covered in the report:

Type Outlook (Revenue, USD Million; 2017-2027)

• Natural Cocoa Powder
• Dutch Process Cocoa Powder
• Others

Distribution Channel Outlook (Revenue, USD Million; 2017-2027)

• Online
• Offline

Application Outlook (Revenue, USD Million; 2017-2027)

• Chocolate & Confectionery
• Bakery
• Beverage
• Functional Food
• Pharmaceutical
• Cosmetics

Regional Analysis:

The report offers clear insights into the regional bifurcation of the market with regards to the regions where the market has already established its prominence. Furthermore, it analyzes the key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and the presence of prominent players in each region. The regional analysis segments also offer a country-wise analysis to offer a panoramic view of the market.

The regional analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The Cocoa Powder Market Report Offers:

• Deep insights into the Cocoa Powder market landscape
• Key details about the regional segmentation of the Cocoa Powder market
• Analysis of the crucial market trends with regards to both current and emerging trends
• Comprehensive impact analysis of COVID-19 pandemic on the Cocoa Powder industry
• Extensive overview of the key manufacturers and prominent players of the industry
• Comprehensive study of the market segmentation and recent developments

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