The Europe Alkalized Cocoa Powder Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,67,629.3 Tonnes, showcasing a growth of 3.6% (2019-2022).
Cocoa, often called the "food of the gods," has been cherished for centuries due to its delightful flavour and unique properties. Cocoa beans are the primary source of cocoa products, and one of the most popular and versatile derivatives is cocoa powder. Cocoa powder, in its various forms, plays a crucial role in the food and beverage industry. The rising preference for chocolate-based products, including confectioneries and baked goods, has led to its strong demand. This type of cocoa powder is highly soluble, making it suitable for various beverages, including hot chocolate and chocolate-flavoured beverages.
Continuous advancements in cocoa processing technologies, aided by effective branding and marketing efforts, foster greater consumer trust and awareness. Alkalization is a process that involves the treatment of cocoa beans with an alkaline solution, and it substantially improves the solubility of cocoa powder in liquids. This attribute is precious in the beverage sector, where this can be incorporated easily into hot cocoa, chocolate milk, and other beverages. Its superior solubility ensures a consistent and smooth texture, enhancing the drinking experience.
The European ice cream industry is significant, and this is a key ingredient in chocolate ice cream and gelato products. The rich flavour and colour it provide are essential for creating popular frozen desserts. Europe has a rich tradition of hot chocolate consumption, especially during the winter months. It is used to prepare hot chocolate, as well as in various other beverages, such as chocolate milk, coffee drinks, and smoothies. The bakery and pastry industry in Europe is robust and diverse, offering a broad range of products that utilize it. The aforementioned factors will drive the market growth in this region.
The Germany market dominated the Europe Alkalized Cocoa Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $245.9 million by 2030. The UK market is exhibiting a CAGR of 2.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Alkalized Cocoa Powder Market will Hit $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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