Growing Demand for Natural Ingredients in Food and Beverages Drives Cocoa Extract Market: Fact.MR Study
The global cocoa extract market is predicted to be worth US$ 7.91 billion in 2022 and US$ 11.24 billion by 2032, growing at a CAGR of 3.5% between 2022 and 2032.
Because chemical pesticides and fertilisers are not used in the cultivation of organic cocoa, the use of organic cocoa extract is predicted to expand steadily in the future years as more people become more health conscious.
Cocoa extract, predominantly used in chocolate formulations, provides several health benefits such as better blood flow, improved insulin sensitivity, and antioxidant effects. With the increasing demand for food products with high nutritional profiles on account of the growing prevalence of lifestyle diseases such as obesity and diabetes, the cocoa market is expected to witness significant growth over the coming years.
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With the rise of speciality and premium chocolate products, demand for cocoa extract is expanding. Consumers are demanding higher quality and higher cocoa content in chocolate, which is expected to drive up demand for cocoa extract.
Growing consumer interest in healthy living, as well as worries about the influence of food consumption on health and wellness, has driven demand for higher-quality cocoa, which is likely to drive the expansion of the cocoa extract market. Because of its potential benefits, cocoa extract is also used in various industries such as cosmetics, personal care, and pharmaceuticals.
This is one of the key reasons contributing to the growth of the cocoa extract market. Furthermore, an increase in the number of individuals consuming cocoa beans across countries, together with a decline in the price of these beans, is expected to influence the future rise of the cocoa extract market.
Key Segments Covered in Cocoa Extract Industry Research
- by Product Form :
- Cocoa Extract Powder
- Liquid Cocoa Extract
- by Nature :
- Organic Cocoa Extract
- Conventional Cocoa Extract
- by End Use :
- Food & Beverages
- Compounds
- Bakery
- Confectionery
- Breakfast Cereals
- Dairy
- Infant Formulas
- Dietary Supplements
- Cosmetics & Personal Care
- Pharmaceuticals
- by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Competitive Landscape
Product launches have dominated the cocoa extract market as there has been increasing focus on the antioxidant and nutrition-rich profile of cocoa extract, which is being supported by new scientific research publications.
For instance :
- Prova launched a new range of cocoa extract and flavors. This variety of cocoa extract claims to be eight times stronger than cocoa powder and also has longer shelf-life stability.
Key Companies Profiled
- ETChem
- Haldin
- Kerry Inc.
- Van Aroma
- Indo-World
- Merck KGaA
- CPC Ingredients
- Tharakan and Company
- PROVA SAS
- The Green Labs
- Cyvex Nutrition, Inc.
- Bioriginal Food & Science Corporation
- John Aromas
- Phytoextract Pvt. Ltd.
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How the market for Cocoa Extract has grown?
- What is the present and future outlook of the global Cocoa Extract on the basis of region?
- What are the challenges and opportunities for the Cocoa Extract?
- Why the consumption of Cocoa Extract highest in region?
- In which year segment is expected to overtake segment?
- What makes Fact.MR report stand out from others?
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