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Global Alkalized Cocoa Powder Market Size, Share & Industry Trends Analysis Report By Source (Conventional, and Organic), By Application, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 364 Pages
  • November 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5916859
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).

Alkalized cocoa powder is the base for chocolate syrups and sauces in various beverages. These syrups can be added to coffee, milkshakes, and ice cream to create chocolate-flavored beverages and treats. Therefore, the beverages segment will capture 21.8% share in the market by 2030. This is a versatile ingredient in the beverage industry, enabling the creation of a wide array of chocolate-infused drinks. Its rich, smooth, and consistent chocolate flavor, along with its easy solubility, makes it a top choice for both non-alcoholic and alcoholic beverages. Both consumers and professionals commonly use them in the food service industry. Some of the factors impacting the market are growing trend of healthy products, rising consumer demand for chocolate products, and complexity with quality control and traceability.

Cocoa, in its natural form, is known to contain antioxidants, such as flavonoids, that may have potential health benefits. This retains these antioxidants, making it an attractive choice for consumers seeking food and beverage products with antioxidant properties. Antioxidants are associated with various health benefits, including potential heart health advantages. This characteristic can be gentler on the stomach for some individuals, which is particularly appealing to those sensitive to acidic foods. Health-conscious consumers appreciate food options that are easy on the digestive system. Additionally, chocolate production is a significant industry that relies heavily on these. As the global demand for chocolate products continues to rise, manufacturers require a consistent and high-quality supply of these to meet this demand. The popularity of chocolate snacks and desserts is on the rise. Consumers are looking for convenient, indulgent, and readily available chocolate options, and this has led to the increased use of alkalized cocoa powder in chocolate-flavored snacks, like chocolate-covered pretzels, and desserts such as chocolate mousses and puddings. The rising consumer demand for chocolate products is a pivotal driver in expanding the market.

However, cocoa beans can vary significantly in quality, flavor, and aroma depending on their origin, climate, and processing. Managing this variability and achieving a consistent flavor profile in the final alkalized cocoa powder can be challenging. Maintaining product consistency across different batches is essential for customer satisfaction. Any variations in flavor, color, or texture can result in customer dissatisfaction. Achieving this consistency can be particularly challenging when sourcing cocoa beans from multiple regions. The above factors will decline market growth in the coming years.

Source Outlook

On the basis of source, the market is segmented into organic and conventional. The organic segment acquired a substantial revenue share in the market in 2022. Owing to evolving consumer preferences and growing awareness of health and sustainability. Recently, there has been a prominent shift towards healthier and more environmentally conscious food choices. Organic cocoa powder is considered a cleaner and safer option as it is produced without synthetic fertilizers or pesticides, aligning with the rising demand for natural and organic products.

Application Outlook

Based on application, the market is food & beverages, cosmetics, and others. In 2022, the food & beverages segment held the highest revenue share in the market. This is aided by the extensive use of this in several culinary applications. It is a key ingredient in producing bakery products, chocolates, desserts, and various beverages, including chocolate milk and hot cocoa. Its ability to impart a rich and deep chocolate flavor, as well as its versatility in different recipes, makes it a sought-after ingredient in the food and beverage sector.

Food & Beverages Outlook

Under food & beverages type, the market is further divided into bakery & confectionery, beverages, syrup, spreads, dairy products, and others. In 2022, the bakery & confectionery segment witnessed the largest revenue share in the market. This is widely used to enhance the flavor of baked goods and confectionery products. It adds a rich, deep, and complex chocolate flavor that can vary from mild to severe, depending on the cocoa powder's level of alkalization. This flavor enhancement is essential for creating various chocolate-based recipes, such as cakes, cookies, brownies, and pastries.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe region generated the highest revenue share in the market. The region boasts a mature cocoa processing industry and an increased consumer preference for cocoa-based products, driving the demand for premium alkalized cocoa powder. Furthermore, the region's focus on food quality and safety drives the availability of certified organic and sustainably sourced products. Europe's thriving food and beverage industry, particularly its chocolate and bakery segments, relies on this for texture and flavor enhancement.

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.

Scope of the Study

Market Segments Covered in the Report:

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

Key Market Players

List of Companies Profiled in the Report:

  • 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

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Alkalized Cocoa Powder Market, by Source
1.4.2 Global Alkalized Cocoa Powder Market, by Application
1.4.3 Global Alkalized Cocoa Powder Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Alkalized Cocoa Powder Market by Source
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Alkalized Cocoa Powder Market by Application
5.1 Global Food & Beverages Market by Region
5.2 Global Alkalized Cocoa Powder Market by Food & Beverages Type
5.2.1 Global Bakery & Confectionery Market by Region
5.2.2 Global Beverages Market by Region
5.2.3 Global Spreads Market by Region
5.2.4 Global Dairy Products Market by Region
5.2.5 Global Syrup Market by Region
5.2.6 Global Others Market by Region
5.3 Global Cosmetics Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Alkalized Cocoa Powder Market by Region
6.1 North America Alkalized Cocoa Powder Market
6.1.1 North America Alkalized Cocoa Powder Market by Source
6.1.1.1 North America Conventional Market by Country
6.1.1.2 North America Organic Market by Country
6.1.2 North America Alkalized Cocoa Powder Market by Application
6.1.2.1 North America Food & Beverages Market by Country
6.1.2.2 North America Alkalized Cocoa Powder Market by Food & Beverages Type
6.1.2.2.1 North America Bakery & Confectionery Market by Country
6.1.2.2.2 North America Beverages Market by Country
6.1.2.2.3 North America Spreads Market by Country
6.1.2.2.4 North America Dairy Products Market by Country
6.1.2.2.5 North America Syrup Market by Country
6.1.2.2.6 North America Others Market by Country
6.1.2.3 North America Cosmetics Market by Country
6.1.2.4 North America Others Market by Country
6.1.3 North America Alkalized Cocoa Powder Market by Country
6.1.3.1 US Alkalized Cocoa Powder Market
6.1.3.1.1 US Alkalized Cocoa Powder Market by Source
6.1.3.1.2 US Alkalized Cocoa Powder Market by Application
6.1.3.2 Canada Alkalized Cocoa Powder Market
6.1.3.2.1 Canada Alkalized Cocoa Powder Market by Source
6.1.3.2.2 Canada Alkalized Cocoa Powder Market by Application
6.1.3.3 Mexico Alkalized Cocoa Powder Market
6.1.3.3.1 Mexico Alkalized Cocoa Powder Market by Source
6.1.3.3.2 Mexico Alkalized Cocoa Powder Market by Application
6.1.3.4 Rest of North America Alkalized Cocoa Powder Market
6.1.3.4.1 Rest of North America Alkalized Cocoa Powder Market by Source
6.1.3.4.2 Rest of North America Alkalized Cocoa Powder Market by Application
6.2 Europe Alkalized Cocoa Powder Market
6.2.1 Europe Alkalized Cocoa Powder Market by Source
6.2.1.1 Europe Conventional Market by Country
6.2.1.2 Europe Organic Market by Country
6.2.2 Europe Alkalized Cocoa Powder Market by Application
6.2.2.1 Europe Food & Beverages Market by Country
6.2.2.2 Europe Alkalized Cocoa Powder Market by Food & Beverages Type
6.2.2.2.1 Europe Bakery & Confectionery Market by Country
6.2.2.2.2 Europe Beverages Market by Country
6.2.2.2.3 Europe Spreads Market by Country
6.2.2.2.4 Europe Dairy Products Market by Country
6.2.2.2.5 Europe Syrup Market by Country
6.2.2.2.6 Europe Others Market by Country
6.2.2.3 Europe Cosmetics Market by Country
6.2.2.4 Europe Others Market by Country
6.2.3 Europe Alkalized Cocoa Powder Market by Country
6.2.3.1 Germany Alkalized Cocoa Powder Market
6.2.3.1.1 Germany Alkalized Cocoa Powder Market by Source
6.2.3.1.2 Germany Alkalized Cocoa Powder Market by Application
6.2.3.2 UK Alkalized Cocoa Powder Market
6.2.3.2.1 UK Alkalized Cocoa Powder Market by Source
6.2.3.2.2 UK Alkalized Cocoa Powder Market by Application
6.2.3.3 France Alkalized Cocoa Powder Market
6.2.3.3.1 France Alkalized Cocoa Powder Market by Source
6.2.3.3.2 France Alkalized Cocoa Powder Market by Application
6.2.3.4 Russia Alkalized Cocoa Powder Market
6.2.3.4.1 Russia Alkalized Cocoa Powder Market by Source
6.2.3.4.2 Russia Alkalized Cocoa Powder Market by Application
6.2.3.5 Spain Alkalized Cocoa Powder Market
6.2.3.5.1 Spain Alkalized Cocoa Powder Market by Source
6.2.3.5.2 Spain Alkalized Cocoa Powder Market by Application
6.2.3.6 Italy Alkalized Cocoa Powder Market
6.2.3.6.1 Italy Alkalized Cocoa Powder Market by Source
6.2.3.6.2 Italy Alkalized Cocoa Powder Market by Application
6.2.3.7 Rest of Europe Alkalized Cocoa Powder Market
6.2.3.7.1 Rest of Europe Alkalized Cocoa Powder Market by Source
6.2.3.7.2 Rest of Europe Alkalized Cocoa Powder Market by Application
6.3 Asia Pacific Alkalized Cocoa Powder Market
6.3.1 Asia Pacific Alkalized Cocoa Powder Market by Source
6.3.1.1 Asia Pacific Conventional Market by Country
6.3.1.2 Asia Pacific Organic Market by Country
6.3.2 Asia Pacific Alkalized Cocoa Powder Market by Application
6.3.2.1 Asia Pacific Food & Beverages Market by Country
6.3.2.2 Asia Pacific Alkalized Cocoa Powder Market by Food & Beverages Type
6.3.2.2.1 Asia Pacific Bakery & Confectionery Market by Country
6.3.2.2.2 Asia Pacific Beverages Market by Country
6.3.2.2.3 Asia Pacific Spreads Market by Country
6.3.2.2.4 Asia Pacific Dairy Products Market by Country
6.3.2.2.5 Asia Pacific Syrup Market by Country
6.3.2.2.6 Asia Pacific Others Market by Country
6.3.2.3 Asia Pacific Cosmetics Market by Country
6.3.2.4 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Alkalized Cocoa Powder Market by Country
6.3.3.1 China Alkalized Cocoa Powder Market
6.3.3.1.1 China Alkalized Cocoa Powder Market by Source
6.3.3.1.2 China Alkalized Cocoa Powder Market by Application
6.3.3.2 Japan Alkalized Cocoa Powder Market
6.3.3.2.1 Japan Alkalized Cocoa Powder Market by Source
6.3.3.2.2 Japan Alkalized Cocoa Powder Market by Application
6.3.3.3 India Alkalized Cocoa Powder Market
6.3.3.3.1 India Alkalized Cocoa Powder Market by Source
6.3.3.3.2 India Alkalized Cocoa Powder Market by Application
6.3.3.4 South Korea Alkalized Cocoa Powder Market
6.3.3.4.1 South Korea Alkalized Cocoa Powder Market by Source
6.3.3.4.2 South Korea Alkalized Cocoa Powder Market by Application
6.3.3.5 Singapore Alkalized Cocoa Powder Market
6.3.3.5.1 Singapore Alkalized Cocoa Powder Market by Source
6.3.3.5.2 Singapore Alkalized Cocoa Powder Market by Application
6.3.3.6 Malaysia Alkalized Cocoa Powder Market
6.3.3.6.1 Malaysia Alkalized Cocoa Powder Market by Source
6.3.3.6.2 Malaysia Alkalized Cocoa Powder Market by Application
6.3.3.7 Rest of Asia Pacific Alkalized Cocoa Powder Market
6.3.3.7.1 Rest of Asia Pacific Alkalized Cocoa Powder Market by Source
6.3.3.7.2 Rest of Asia Pacific Alkalized Cocoa Powder Market by Application
6.4 LAMEA Alkalized Cocoa Powder Market
6.4.1 LAMEA Alkalized Cocoa Powder Market by Source
6.4.1.1 LAMEA Conventional Market by Country
6.4.1.2 LAMEA Organic Market by Country
6.4.2 LAMEA Alkalized Cocoa Powder Market by Application
6.4.2.1 LAMEA Food & Beverages Market by Country
6.4.2.2 LAMEA Alkalized Cocoa Powder Market by Food & Beverages Type
6.4.2.2.1 LAMEA Bakery & Confectionery Market by Country
6.4.2.2.2 LAMEA Beverages Market by Country
6.4.2.2.3 LAMEA Spreads Market by Country
6.4.2.2.4 LAMEA Dairy Products Market by Country
6.4.2.2.5 LAMEA Syrup Market by Country
6.4.2.2.6 LAMEA Others Market by Country
6.4.2.3 LAMEA Cosmetics Market by Country
6.4.2.4 LAMEA Others Market by Country
6.4.3 LAMEA Alkalized Cocoa Powder Market by Country
6.4.3.1 Brazil Alkalized Cocoa Powder Market
6.4.3.1.1 Brazil Alkalized Cocoa Powder Market by Source
6.4.3.1.2 Brazil Alkalized Cocoa Powder Market by Application
6.4.3.2 Argentina Alkalized Cocoa Powder Market
6.4.3.2.1 Argentina Alkalized Cocoa Powder Market by Source
6.4.3.2.2 Argentina Alkalized Cocoa Powder Market by Application
6.4.3.3 UAE Alkalized Cocoa Powder Market
6.4.3.3.1 UAE Alkalized Cocoa Powder Market by Source
6.4.3.3.2 UAE Alkalized Cocoa Powder Market by Application
6.4.3.4 Saudi Arabia Alkalized Cocoa Powder Market
6.4.3.4.1 Saudi Arabia Alkalized Cocoa Powder Market by Source
6.4.3.4.2 Saudi Arabia Alkalized Cocoa Powder Market by Application
6.4.3.5 South Africa Alkalized Cocoa Powder Market
6.4.3.5.1 South Africa Alkalized Cocoa Powder Market by Source
6.4.3.5.2 South Africa Alkalized Cocoa Powder Market by Application
6.4.3.6 Nigeria Alkalized Cocoa Powder Market
6.4.3.6.1 Nigeria Alkalized Cocoa Powder Market by Source
6.4.3.6.2 Nigeria Alkalized Cocoa Powder Market by Application
6.4.3.7 Rest of LAMEA Alkalized Cocoa Powder Market
6.4.3.7.1 Rest of LAMEA Alkalized Cocoa Powder Market by Source
6.4.3.7.2 Rest of LAMEA Alkalized Cocoa Powder Market by Application
Chapter 7. Company Profiles
7.1 The Barry Callebaut Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Olam Group Limited (Temasek Capital)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 INDCRE, S.A.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 ECOM Agroindustrial Corp. Limited
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 JB Foods Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 SWOT Analysis
7.7 Ciranda, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Moner Cocoa, S.A.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Bunge Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 SWOT Analysis
7.10. Archer Daniels Midland Company
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives of Alkalized Cocoa Powder Market

Companies Mentioned

  • 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

Methodology

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