Global Cocoa Powder Market Growth 2023-2029

Global Cocoa Powder Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Cocoa Powder Industry Forecast” looks at past sales and reviews total world Cocoa Powder sales in 2022, providing a comprehensive analysis by region and market sector of projected Cocoa Powder sales for 2023 through 2029. With Cocoa Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cocoa Powder industry.
This Insight Report provides a comprehensive analysis of the global Cocoa Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cocoa Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cocoa Powder market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cocoa Powder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cocoa Powder.
The global Cocoa Powder market size is projected to grow from US$ 4267.2 million in 2022 to US$ 5363.2 million in 2029; it is expected to grow at a CAGR of 5363.2 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Cocoa Powder market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Natural Cocoa Powder
Alkalized/Dutch-process Cocoa Powder
Segmentation by application
Chocolate
Beverage & Dairy
Desserts, Baking and Biscuit
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Olam Cocoa
Cargill
Barry Callebaut
Plot Ghana
Dutch Cocoa
Cocoa Processing Company Limited
Indcresa
Blommer
JB Foods Limited
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cocoa Powder market?
What factors are driving Cocoa Powder market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cocoa Powder market opportunities vary by end market size?
How does Cocoa Powder break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.