Market Overview:
The global natural cocoa powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for chocolate, increasing awareness about the health benefits of cocoa powder, and growing demand for premium products. Based on type, the natural cocoa powder market can be segmented into 95% purty and 98% purty. The 95% purty segment is expected to account for a larger share of the market than the 98% purty segment during the forecast period. This can be attributed to its lower price point and widespread availability. Based on application, the natural cocoa powder market can be divided into chocolate, beverage & dairy, desserts, baking and biscuit, and others segments.
Product Definition:
Natural cocoa powder is a type of unsweetened cocoa powder that is made from natural, unrefined cocoa beans. It has a more intense chocolate flavor than other types of cocoa powders and is often used in baking recipes.
95% Purty:
95% Purty is a new term in the Natural Cocoa Powder market. It means that the product has been tested to contain less than 5% impurities by volume. 95% Purty NCPs are considered to be of high quality and purity, which makes them ideal for use in premium products such as chocolates, confectioneries & baked goods.
98% Purty:
98% Purty is a natural flavoring agent derived from plant materials. It has no color and taste of its own but it can enhance the flavor of any food product by blending with other flavors.
It is also used as an ingredient in many functional foods, dietary supplements, nutraceuticals and pharmaceuticals due to its health benefits which include improved digestion, weight loss control and lowered blood pressure levels among others.
Application Insights:
Beverage and dairy was the largest application segment in 2017, accounting for over 50.0% share of the global demand. Beverages such as smoothies and milkshakes made with natural cocoa powder are becoming popular among health-conscious consumers around the world. Furthermore, rising demand for functional beverages is expected to augment market growth during the forecast period.
Desserts were another key application segment owing to growing consumer preference for home baking due to increasing awareness about healthy lifestyle practices coupled with a rise in disposable income levels across developing countries including China, India and Brazil is expected to boost product consumption over the next eight years.
Regional Analysis:
North America was the largest market for natural cocoa powder, accounting for a share of more than 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing health consciousness and awareness about purty products among consumers in U.S., Canada, and Mexico. Moreover, growing demand for chocolate with low levels of sugar is projected to be a key factor driving the market over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 on account of rising product consumption in countries such as India, China, Japan, Malaysia & Singapore and Indonesia due to its nutritional benefits coupled with lower calorie level compared with other conventional foods offering same nutritional value.
Growth Factors:
- Increasing demand for dark chocolate: The growing demand for dark chocolate is one of the key growth drivers for the natural cocoa powder market. Dark chocolate contains a high percentage of cocoa solids, which makes it healthier than other types of chocolate. This has led to an increase in its demand over the past few years, thereby driving the growth of the natural cocoa powder market.
- Rising awareness about health benefits of cocoa: There is a growing awareness among consumers about the health benefits offered by cocoa products such as natural cocoa powder. This has led to an increase in their demand, thereby propelling the growth of the global natural cocoa powder market.
- Growing popularity of artisanal chocolates: The increasing popularity of artisanal chocolates is another major factor that is aidingthegrowthof thenaturalcocoa powdeemarket . Artisanalchocolates are made with high-quality ingredients and offer unique flavors, which have made them popular among consumers worldwide. This is resulting in an increase in consumptionofnaturalcocoa powdersuch as those usedinartisanalchocolatemakingprocessesandis thus boostingthegrowthoftheglobalnaturalcocoapowdermarket .
- .Rising disposable income levels: A rise in disposable income levels across emerging economies has resulted in an increasein consumer spending on premium food items such as chocolates and confectioneriescontainingnatural cocoapowder .Thisishelpingtogrowthel
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Cocoa Powder Market Research Report
By Type
95% Purty, 98% Purty
By Application
Chocolate, Beverage & Dairy, Desserts, Baking and Biscuit, Others
By Companies
Olam Cocoa, Cargill, Barry Callebaut, Plot Ghana, Dutch Cocoa, Cocoa Processing Company Limited, Indcresa, Blommer, JB Foods Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Natural Cocoa Powder Market Report Segments:
The global Natural Cocoa Powder market is segmented on the basis of:
Types
95% Purty, 98% Purty
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chocolate, Beverage & Dairy, Desserts, Baking and Biscuit, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Olam Cocoa
- Cargill
- Barry Callebaut
- Plot Ghana
- Dutch Cocoa
- Cocoa Processing Company Limited
- Indcresa
- Blommer
- JB Foods Limited
Highlights of The Natural Cocoa Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 95% Purty
- 98% Purty
- By Application:
- Chocolate
- Beverage & Dairy
- Desserts, Baking and Biscuit
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Cocoa Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural cocoa powder is made from the ground beans of cacao trees. It has a slightly different flavor than processed cocoa powder, and it's often used in baking recipes because of its chocolatey taste.
Some of the key players operating in the natural cocoa powder market are Olam Cocoa, Cargill, Barry Callebaut, Plot Ghana, Dutch Cocoa, Cocoa Processing Company Limited, Indcresa, Blommer, JB Foods Limited.
The natural cocoa powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Cocoa Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Natural Cocoa Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Cocoa Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Natural Cocoa Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Natural Cocoa Powder Market Size & Forecast, 2020-2028
4.5.1 Natural Cocoa Powder Market Size and Y-o-Y Growth
4.5.2 Natural Cocoa Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 95% Purty
5.2.2 98% Purty
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chocolate
6.2.2 Beverage & Dairy
6.2.3 Desserts
6.2.4 Baking and Biscuit
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Cocoa Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Cocoa Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 95% Purty
9.6.2 98% Purty
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chocolate
9.10.2 Beverage & Dairy
9.10.3 Desserts
9.10.4 Baking and Biscuit
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 95% Purty
10.6.2 98% Purty
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chocolate
10.10.2 Beverage & Dairy
10.10.3 Desserts
10.10.4 Baking and Biscuit
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 95% Purty
11.6.2 98% Purty
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chocolate
11.10.2 Beverage & Dairy
11.10.3 Desserts
11.10.4 Baking and Biscuit
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 95% Purty
12.6.2 98% Purty
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chocolate
12.10.2 Beverage & Dairy
12.10.3 Desserts
12.10.4 Baking and Biscuit
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 95% Purty
13.6.2 98% Purty
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chocolate
13.10.2 Beverage & Dairy
13.10.3 Desserts
13.10.4 Baking and Biscuit
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Cocoa Powder Market: Competitive Dashboard
14.2 Global Natural Cocoa Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olam Cocoa
14.3.2 Cargill
14.3.3 Barry Callebaut
14.3.4 Plot Ghana
14.3.5 Dutch Cocoa
14.3.6 Cocoa Processing Company Limited
14.3.7 Indcresa
14.3.8 Blommer
14.3.9 JB Foods Limited
