Global Cocoa Nibs Market Statistics, Development and Growth 2025
Summary
A new market study, titled “Global Cocoa Nibs Market Research Report—Forecast till 2025” has been featured on WiseGuyReports.
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).
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