Cocoa Derivatives Market to exceed US$ US$ 27,807.13 million by 2028, says Premium Market Insights

Cocoa Derivatives Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Cocoa Butter, Cocoa Beans, Cocoa Powder, and Others), Category (Organic and Conventional), and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, and Others), Personal Care, and Others] The cocoa derivatives market size is expected to grow from US$ 27,807.13 million in 2022 to US$ 37,799.86 million by 2028; it is estimated to register a CAGR of 5.3% from 2022 to 2028.

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Competitive Landscape: Cocoa Derivatives Market:
Cocoa derivatives are cocoa products derived from the processing of cocoa. The types of cocoa derivatives include cocoa beans, cocoa butter, and cocoa powder. Cocoa is increasingly being used in formulating a different variety of beverages and confectionery products, such as milkshakes, cakes, croissants, and hot cocoa. The influx of cocoa-based confectioneries has increased tremendously in developed and developing economies in the last several years due to growing consumer spending on various indulgent confectioneries, particularly chocolate-based products, and the surging popularity of molded and countline chocolates. Moreover, key manufacturers are adding new chocolate types, such as dark chocolate and ruby chocolate, to their portfolio. In February 2022, Hershey's created the limited-edition "Celebrate SHE" cocoa-based bars to commemorate all women and girls. The brand highlighted "SHE" in the center of the milk cocoa-based bar. The launch of such innovative cocoa-based confectioneries would further accelerate the cocoa derivatives market growth.Clean-label products and growing attention toward clear labeling are the two major trends across the world. For example, companies' claim of natural fruit/vegetable content in the product on the front side of the packaging may attract a large number of consumers. Further, manufacturers are reducing the use of chemical additives such as emulsifiers and preservatives in cocoa products. Many companies use sunflower lecithin, a healthier and cleaner ingredient in their products, which helps them meet clean-label criteria. According to the Global Clean Label Consumer Study 2019 by Ingredion, 78% of 600 consumers admitted that it is important for them to know the ingredients before purchasing a product. According to the Institute of Food Technologists Organization, in 2018, more than 50% of product launches across the world had clean labels.

Olam Group Ltd
Indcre SA
Cargill Inc
Natra SA
JB Foods Ltd
Ecuakao Group Ltd
United Cocoa Processor Inc
Barry Callebaut AG
Moner Cocoa SA
Altnmarka Gda San ve Tic AS
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Chapter Details of Cocoa Derivatives Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Cocoa Derivatives Market Landscape
Part 04: Cocoa Derivatives Market Sizing
Part 05: Cocoa Derivatives Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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This release was published on openPR.