Cocoa Extract Market to Garner Brimming Revenues by 2028

Cocoa extract is manufactured from cocoa beans and have been historically used to enhance the flavor in chocolate formulations. Cocoa extract is a highly concentrated form of cocoa and also contains high amount of flavanols while the undesirable soluble such as the fat content are removed to distill out only the pure and concentrated flavoring portion of the cocoa beans. The cocoa extract is sold in two forms- spray dried powder and liquid extract. The use of cocoa extract is more preferred over cocoa powder by the manufacturers because cocoa powder may leave unwanted precipitates in the finished product apart from flavoring it.

The use of cocoa extract has also proven to be cost effective to the manufacturers because it eliminates the use of stabilizing, masking and suspension agents in chocolate formulations. Currently, key players in the cocoa extract market are focusing on harnessing the nutritive aspects of cocoa extract. For instance, in 2014, the company Cyvex Nutrition, Inc., which is a manufacturer and supplier of nutritional ingredients, developed an organic cocoa extract under the brand name CocoaNol, which is being marketed for its high antioxidant profile and targeted to meet the evolving needs of the health conscious consumers.

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Reasons for Covering this Title

In the food & beverage industry, manufacturers are focusing on using ingredients which have a high nutritional profile and which also enable the manufacturers to make their production techniques more effective. Cocoa extract is aligned with both these trends in the food industry as it is being increasingly supported by scientific data regarding its health claims and has also proven to be more shelf life stable as compared to cocoa powder. The cocoa powder market is being increasingly overshadowed by the cocoa extract market and the critical factors which highlight its market growth are essential to be investigated. Also, cut throat competition in the confection vertical has led manufacturers to focus on offering better quality products and in terms of quality as well cocoa extract outshines its competitor cocoa powder, being able to provide richer aromas and flavors to the finished product. Also, many ingredient manufacturers and suppliers are strengthening their business relationships with the finished food product manufacturers in order to understand their production goals and develop customized products according to their needs.

Global Cocoa Extract Market: Segmentation

The cocoa extract market is segmented on the basis of product form, nature and end use.

On the basis of product form, the cocoa extract market is segmented as-

Powder
Liquid

On the basis of nature, the cocoa extract market is segmented as-

Organic
Conventional

On the basis of end use, the cocoa extract market is segmented as-

Food & beverage industry
Compounds
Bakery
Confectionery
Breakfast cereals
Dairy
Functional food & beverages
Infant Formula
Dietary supplements
Cosmetics & Personal Care
Pharmaceutical Industry

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Global Cocoa Extract Market: Key Players

Some of the key players operating in the global cocoa extract market are Bioriginal Food & Science Corporation, John Aromas, Phytoextract Pvt. Ltd, ETChem, Merck KGaA, CPC Ingredients, Tharakan and Company, PROVA SAS, Van Aroma, Indo-World, Haldin, Kerry Inc., The Green Labs and Cyvex Nutrition, Inc.

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This release was published on openPR.