Global Cocoa Nibs Market Research Report—Forecast till 2025

SKU ID : MRF- 15864863

Publishing Date : 30-Jun-2020

No. of pages : 111

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  • Global Cocoa Nibs Market Research Report—Forecast till 2025

    Market

    Snapshot


    Global Cocoa Nibs Market is anticipated to exhibit a CAGR of 4.67% and reach USD 1,306.3 Million during the forecast period. Cocoa nibs are extracted from the Theobroma cacao tree; they are crushed cocoa beans with bitter, chocolatey taste. Cocoa nibs are a good source of fiber, protein, and healthy fats with low sugar content and have many more health benefits. They are also used in all kinds of baked goods, along with candidates, added into the smoothies, as a sweet and savory ingredient with meals. Cocoa nibs are enriched with antioxidants and offer several health benefits like antioxidants help in increasing immunity, controlling blood sugar levels, and improving heart health.
    The global cocoa nibs market is evaluated to register substantial raise during the review period owing to the increasing consumption of cocoa nibs in numerous applications and the health benefits associated with cocoa. The major market players are stepping towards business expansion and market development, expanding their customer base. The growing demand for cocoa nibs in developing economies is anticipated to produce new opportunities in the global market. None the less, fluctuating raw material prices are expected to lower the growth of the market.
    Market Segmentation
    The global cocoa nibs market has been segmented based on Category and distribution channel. Based on the category segment, the global cocoa nibs market has been bifurcated into conventional and organic. In 2018, the conventional segment was accounted for a major market share of 77.51% of the global cocoa nibs market and expected to reach a CAGR of 4.58% during the assessment period. The demand for the conventional segment is anticipated to be driven by many factors. Easy availability and economical pricing are the key factors fueling the high consumption of conventional cocoa nibs.
    Based on the distribution channel, the global market has been classified into store-based and non-store based segments. The store-based segment has been further divided into Supermarkets & Hypermarkets, Convenience Stores, Others. Easy availability and economical pricing are the key factors to the high consumption of conventional cocoa nibs.
    Regional Analysis
    The region-specific analysis of the global cocoa nibs market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Europe exhibits the highest market growth during the forecast period and is expected to register moderate growth rate during the review period. The regional cocoa nibs market is driven by the high consumption of chocolate and chocolate flavors in the food & beverages.
    In 2018, North America was evaluated to exhibit the second-largest market proportion of 34.24%. Asia-Pacific is one of the fastest-growing markets for cocoa nibs manufacturers. China is dominating the regional market and it is expected to command the market during the forecast period.

    Major Players
    The Key Players in the Global Cocoa Nibs Market include Barry Callebaut AG (Switzerland), Cocoa Family Farms (US), Santa Barbara Chocolate (US), NOW Health Group, Inc. (US), Fine Cocoa Products Corporation (US), Sunfood Corporation (US), Viva Naturals (Canada), Navitas LLC (US), Nutrisure Ltd (UK), and United Cocoa Processor, Inc. (US).

    COVID 19 Impacts
    We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.



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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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