The Asia Pacific Alkalized Cocoa Powder Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,85,546.5 Tonnes, showcasing a growth of 4.4% (2019-2022).
The growing awareness of the health advantages of cocoa powder plays a pivotal role in propelling the demand for alkalized cocoa powder. Renowned for its richness in antioxidants and other essential nutrients, cocoa powder is gaining recognition as a wholesome ingredient. Research has linked its consumption to a reduced risk of heart disease and stroke, further bolstering its reputation as a health-conscious choice. This growing awareness has spurred a surge in demand for this as consumers seek to incorporate this nutritious ingredient into their daily diets.
The confectionery industry is one of the largest consumers. It is used to produce chocolate bars, truffles, pralines, and various cocoa-based sweets. The smooth, mellow flavour enhances the taste of confectionery products. The beverage industry benefits from its ability to dissolve easily in hot and cold liquids. It produces hot cocoa, chocolate milk, coffee flavourings, and various cocoa-infused beverages. It is used in the dairy industry to create cocoa-flavoured yogurts, ice creams, and milkshakes. It adds a desirable chocolatey taste to these products, making them more appealing to consumers.
The Asia-Pacific region has witnessed a rise in customer awareness about the health benefits of cocoa, particularly its potential antioxidant properties. This is known for its milder flavour, has been increasingly sought after by health-conscious consumers. As the standard of living and disposable income increases in many Asian countries, chocolate consumption has risen. It is a fundamental ingredient in chocolate production, contributing to its market expansion. The factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Alkalized Cocoa Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $229.3 million by 2030. The Japan market is registering a CAGR of 3.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 4.9% during (2023 - 2030).
Based on Source, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Food & Beverages (Bakery & Confectionery, Beverages, Spreads, Dairy Products, Syrup, and Others), Cosmetics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Alkalized Cocoa Powder Market is Predict to reach $3 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Barry Callebaut Group, Olam Group Limited (Temasek Capital), INDCRE, S.A., ECOM Agroindustrial Corp. Limited, JB Foods Limited, Cargill, Incorporated, Ciranda, Inc., Moner Cocoa, S.A., Bunge Limited, and Archer Daniels Midland Company.
By Source (Volume, Tonnes, USD Billion, 2019 to 2030)
By Application (Volume, Tonnes, USD Billion, 2019 to 2030)
By Country(Volume, Tonnes, USD Billion, 2019 to 2030)
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