Cocoa Powder Market Estimated to Grow at 2.2% Volume CAGR through 2026

May 15, 2024 - 19:15
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Cocoa Powder Market Estimated to Grow at 2.2% Volume CAGR through 2026

According to the latest report from Fact.MR, the global cocoa powder market is expected to experience a compound annual growth rate (CAGR) of approximately 2.2% in terms of volume until 2026. By the end of 2026, the market is forecasted to exceed 1,315,000 tonnes.

The growing production of confectionery syrups and chocolates will continue to drive global demand for cocoa powder. The cardiovascular health benefits associated with cocoa powder consumption are expected to sustain high demand for its use in various food products. However, concerns about potential side effects from consuming cocoa could negatively impact sales during the forecast period. According to the report, the food and beverage sector will remain the leading segment in the global cocoa powder market.

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Demand for Cocoa Powder Continues to be Driven by Increasing Consumption of Chocolate

The growth of the global cocoa powder market is influenced by a range of macro-economic and micro-economic factors. The continued consumption of chocolate products and related items, such as cocoa butter, paste, and powder, highlights cocoa powder’s essential role in the production of baked goods, sweet dishes, and beverages. Due to its rich mineral and vitamin content, there is a growing demand for cocoa powder in the manufacturing of soaps and cosmetic products.

The health benefits associated with cocoa powder are driving its demand for use in scrubs, ointments, creams, facial masks, face toners, and lotions. Additionally, the increasing production of personal care items such as bath bombs, lip balms, and massage oils is expected to significantly boost the demand for cocoa powder in both the food and beverage and cosmetic industries.

Given the cardiovascular health benefits of chocolate products, sales of cocoa powder are expected to remain robust among leading food and beverage companies. The consumption of cocoa aids in reducing the risks of blood clots, lowering LDL cholesterol levels, and managing high blood pressure. Additionally, the demand for food products with high cocoa powder content is projected to stay strong due to its ability to enhance cognitive performance and improve blood flow in the arteries.

However, several factors are expected to negatively impact the growth of the global cocoa powder market during the forecast period. The consumption of food products with high cocoa content has been linked to increasing instances of insomnia. Additionally, caffeine-sensitive consumers tend to avoid products with high cocoa content. These factors are likely to significantly inhibit the demand for cocoa powder in the food and beverage industry.

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The report offers detailed insights and analysis on the market, and has segmented the market on the basis of product type, end-use industry, cocoa variety, and distribution channel. The detailed segment-wise analysis offers readers information on the lucrative and sluggish avenues in the global cocoa powder market. On the basis of product type, double-dutch cocoa is currently a lucrative segment in the market, whereas speciality stores remain one of the formidable distribution channels globally.

Major players in the global market of cocoa powder are Hershey’s, Ghirardelli, Nestle, Mars, Inc., Cocoa Processing Company, Olam International, Cargill, Inc., Barry Callebaut, Swiss Chalet Fine Foods, Touton, and Dutch Cocoa.

Market Segmentations:
Product Type
Black Cocoa
Double-Dutch Cocoa Blend
Triple Cocoa Blend
Bensdorp Dutch-Process Cocoa
Cocoa Rouge
Natural Cocoa

End Use Industry
Chocolate & Confectionery
Beverages
Bakery
Functional Food
Cosmetics
Pharmaceuticals

Cocoa Variety
Forastero
Criollo
Trinitario
Other Cocoa Varieties

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