The Alkalized Cocoa Powder Market is Predict to reach $3 Billion by 2030, at a CAGR of 3.7%
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Alkalized Cocoa Powder Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Alkalized Cocoa Powder Market size is expected to reach $3.0 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,88,411.5 Tonnes, experiencing a growth of 4.0% (2019-2022).
The Conventional segment is registering maximum revenue in the Global Alkalized Cocoa Powder Market by Source in 2022; thereby, achieving a market value of $2.5 billion by 2030. Conventionally sourced cocoa beans are often more cost-efficient to cultivate and harvest than their organic counterparts, leading to lower production costs for conventional cocoa powder. Moreover, conventionally grown cocoa beans are more widely available globally, ensuring a reliable and consistent supply for manufacturers.
The Cosmetics segment is anticipated to grow at a CAGR of 5.4% during (2023 - 2030). Alkalized cocoa powder is used in cosmetics and skin care products due to its antioxidant effects and potential skin health benefits. It is known to contain polyphenols, compounds that have anti-aging and anti-inflammatory properties, making it a valuable ingredient in several skincare formulations. Furthermore, consumer preferences for natural and organic ingredients in cosmetics have driven the demand for organic alkalized cocoa powder.
The Europe region is generating highest revenue in the Global Alkalized Cocoa Powder Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The North America region is experiencing a CAGR of 3.3% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 4.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/alkalized-cocoa-powder-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Global Alkalized Cocoa Powder Market Segmentation
By Source (Volume, Tonnes, USD Billion, 2019 to 2030)
- Conventional
- Organic
By Application (Volume, Tonnes, USD Billion, 2019 to 2030)
- Food & Beverages
- Bakery & Confectionery
- Beverages
- Spreads
- Dairy Products
- Syrup
- Others
- Cosmetics
- Others
By Geography(Volume, Tonnes, USD Billion, 2019 to 2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- 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
- Archer Daniels Midland Company
Related Reports:
North America Alkalized Cocoa Powder Market Size, Share, 2030
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- 127 Pages
LAMEA Alkalized Cocoa Powder Market Size, Projection by 2030
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Europe Alkalized Cocoa Powder Market Size & Share by 2030
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Asia Pacific Alkalized Cocoa Powder Market Size & Share, 2030
- November-2023
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