The organic cocoa powder market is valued at US$82.673 million in the year 2019 and is projected to reach a market worth US$300.753 million by 2026, growing at a CAGR of 20.26% during the forecast period. Rising healthcare concerns and increasing adoption of organic products owing to their numerous healthcare benefits is the prime reason which is expected to drive the market demand for organic cocoa powder. Cargill and Barry Callebaut are two major players who are operating in the organic cocoa powder industry.
Chocolate as a market driver
It has been observed that Chocolate Consumption is growing since 2019. Among all the chocolates, the preference for Dark Chocolate is increasing as it is rich in iron, zinc, and magnesium.
Awareness regarding Organic Food Products in recent years
Scientific research spread awareness regarding the adverse effect of pesticides in recent years.
These studies in a way promoted the consumption of food products. This lead to the high demand for organic products. Therefore, when counting on Dark Chocolate, its essential nutritive value with the organic content is viewed as the healthiest combination for consumption.
Many chocolate companies also promoted the preparation of chocolates from the organic procedure.
Europe to have a major share
The market is expected to be a surge in the coming years, due to the rise in the demand for organic cocoa powder in regions, such as Europe. The region's chocolate production and processing sector had been growing at a significant rate and required a substantial amount of cocoa beans. Moreover, with the increasing health concerns and certain regulations, there has been a rise in the demand for organic cocoa products. Moreover, the rise in chocolate consumption has also been playing an imperative role in the market growth. According to the data given by the CBI, the region's chocolate market had been valued at EUR46 billion in the year 2020. Some of the key companies, such as Mars, Nestle, Ferrero, and others are expected to make significant investments to surge the market growth, in the coming years. The rise in cocoa grinding activity in the region has also boosted the overall demand. The data from CBI had stated that Europe had been accounting for around 36% of grinding activities in the year 2019/2020. The increase in cocoa bean imports to develop powder and other related products is projected to boost and enhance the market growth. Apart from Europe, the market is expected to surge in the North American region, due to the rise in the demand for key and organic powders and products among its population.
|Market size value in 2019||US$82.673 million|
|Market size value in 2026||US$300.753 million|
|Growth Rate||CAGR of 20.26% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Distribution Channel, End-Users Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Barry Callebaut, BATA FOOD, Royal Forest, Plant Pantry, Neotea, Navitas, Forest, Naturevibe Botanicals, Cargill|
|Customization scope||Free report customization with purchase|
KEY MARKET SEGMENTS
Frequently Asked Questions (FAQs)
Q1. What will be the organic cocoa powder market size by 2026?
A1. The global organic cocoa powder market is projected to reach a market size of US$300.753 million by 2026.
Q2. What is the size of the global organic cocoa powder market?
A2. Organic Cocoa Powder Market was valued at US$82.673 million in 2019.
Q3. What are the growth prospects for the organic cocoa powder market?
A3. The organic cocoa powder market is projected to grow at a CAGR of 20.26% over the forecast period.
Q4. What factors are anticipated to drive the organic cocoa powder market growth?
A4. Rising healthcare concerns and increasing adoption of organic products owing to their numerous healthcare benefits is the prime reason which is expected to drive the market demand for organic cocoa powder.
Q5. Which region holds the largest market share in the organic cocoa powder market?
A5. Geographically, Europe is expected to hold a significant share in the organic cocoa powder market due to the rise in the demand for organic cocoa powder.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. ORGANIC COCOA POWDER MARKET BY DISTRIBUTION CHANNEL
6. ORGANIC COCOA POWDER MARKET BY END-USERS INDUSTRY
7. ORGANIC COCOA POWDER MARKET BY GEOGRAPHY
7.3. Europe Middle East and Africa
7.3.3. United Kingdom
7.4. Asia Pacific
7.4.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Barry Callebaut
9.2. BATA FOOD
9.3. Royal Forest
9.4. Plant Pantry
9.8. Naturevibe Botanicals
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