GVR Report cover碱性可可粉Powder Market Size, Share & Trends Report

碱性可可粉Powder Market Size, Share & Trends Analysis Report By Source (Organic, Conventional), By Application (Food & Beverages, Cosmetics), By Region, And Segment Forecasts, 2023 - 2030

  • 代表ort ID: GVR-4-68040-141-9
  • Number of Pages: 80
  • Format: Electronic (PDF)

碱性可可粉Powder Market Trends

The globalalkalized cocoa powder market size was estimated at USD 2.43 billion in 2022and is projected to expand at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2030. The rising preference for chocolate-based products, includingconfectioneriesand baked goods, has led to a strong rise in the demand for alkalized cocoa powder. This type of cocoa powder is highly soluble, making it suitable for various beverages, including hot chocolate and chocolate-flavored beverages. Its extended shelf life appeals to both manufacturers and consumers, while its adaptable flavor and color profiles make it a versatile ingredient. Moreover, continuous advancements in cocoa processing technologies, aided by effective branding and marketing efforts, are fostering greater consumer trust and awareness. Furthermore, the perceived health advantages of cocoa and the globalization of food supply chains collectively propel the market's expansion.

U.S. Alkalized Cocoa Powder market size and growth rate, 2023 - 2030

Alkalization is a process that involves treatment of cocoa beans with an alkaline solution, and it substantially improves the solubility of cocoa powder in liquids. This attribute is especially valuable in the beverage sector, where alkalized cocoa powder can be incorporated easily into hot cocoa, chocolate milk, and other beverages. Its superior solubility ensures a consistent and smooth texture, enhancing the drinking experience.

A major driver of market growth is the rising demand for chocolate and cocoa-based products globally.Chocolateremains a highly popular ingredient and treat in the food industry, driving the need for high-quality cocoa powder. Alkalized cocoa powder is favored by manufacturers because it offers a consistent flavor profile and improves the color of chocolate products, ultimately enhancing their consumer appeal.

Alkalized cocoa powder has a longer shelf life in comparison to its natural counterpart. Alkalization effectively reduces moisture content and microbial activity in cocoa powder, leading to increased product stability and less waste. This makes it a preferred choice for manufacturers wanting to extend the shelf life of their cocoa-infused items.

Alkalized cocoa powder offers the advantage of customization to manufacturers. By adjusting alkalization levels, they can achieve specific flavor and color profiles in their products. This enables them to cater to diverse consumer preferences and create unique offerings. For instance, a lighter alkalization level may yield a fruitier, citrus-like flavor, while a deeper alkalization level can lead to velvety chocolate and caramel notes.

The continuous expansion of the global food and beverage industry plays a significant role in driving the demand for cocoa powder, including alkalized varieties. As the industry diversifies and consumers seek new culinary experiences, cocoa powder remains a crucial ingredient in an array of products, ranging from baked goods to savory dishes.

Source Insights

Based on source, the conventional segment dominated the market with a revenue share of 82.0% in 2022. Conventionally-sourced cocoa beans are often more cost-efficient to cultivate and harvest in comparison to their organic counterparts, leading to lower production costs for conventional cocoa powder. Moreover, conventionally grown cocoa beans are more widely available globally, ensuring a reliable and consistent supply for manufacturers. Additionally, many consumers, while increasingly health-conscious and eco-conscious, still prioritize affordability, driving the preference for conventionally sourced alkalized cocoa powder due to its lower pricing.

Global Alkalized Cocoa Powder market share and size, 2022

The organic alkalized cocoa powder segment is anticipated to register the fastest CAGR of 4.1% over the forecast period, owing to evolving consumer preferences and growing awareness of health and sustainability. Recently, there has been a noticeable shift towards healthier and more environmentally conscious food choices. Organic cocoa powder is considered a cleaner and safer option as it is produced without synthetic fertilizers or pesticides, aligning with the rising demand for natural and organic products. Moreover, consumers are growingly concerned about the impact of their choices on the environment, leading to the rising preference for organic cocoa powder due to its eco-friendly and sustainable cultivation practices. As these trends gain momentum, the organic segment is expected to experience robust market growth.

Application Insights

In terms of application, the food and beverages segment dominated with a revenue share of 93.4% in 2022, aided by the extensive use of alkalized cocoa powder in several culinary applications. It is a key ingredient in the production of bakery products, chocolates, desserts, and various beverages, including chocolate milk and hot cocoa. Its ability to impart a rich and deep chocolate flavor, as well as its versatility in different recipes, makes it a sought-after ingredient in the food and beverage sector.

Moreover, the growing global demand for confectionery andbakery products,加上不断上涨的消费偏好chocolate-flavored goods, has further fueled the prominence of alkalized cocoa powder in this application segment. As consumers continue to indulge in chocolate-based treats and explore new culinary experiences, the food and beverages sector is expected to maintain its dominance in the market.

The cosmetics segment is expected to advance at a CAGR of 2.9% during the projection period. Alkalized cocoa powder is used in cosmetics and skin care products owing to its antioxidant properties and potential skin health benefits. It is known to containpolyphenols, compounds that have anti-aging and anti-inflammatory properties, making it a valuable ingredient in several skincare formulations.

Furthermore, consumer preferences for natural and organic ingredients in cosmetics have driven the demand for organic alkalized cocoa powder. This trend aligns with the broader movement toward clean and sustainable beauty products, where organic and naturally derived ingredients are favored.

Regional Insights

In terms of region, Europe accounted for the largest revenue share of around 38.3% in 2022. The region boasts a mature cocoa processing industry and a high consumer preference for cocoa-based products, driving the demand for premium alkalized cocoa powder. Furthermore, the region's focus on food quality and safety drives the availability of certified organic and sustainably-sourced alkalized cocoa powder. Europe's thriving food and beverage industry, particularly its chocolate and bakery segments, relies on alkalized cocoa powder for texture and flavor enhancement. The increasing awareness regarding health benefits linked to cocoa has driven its use in functional food and beverage items. The German market held the largest revenue share of 23.1% in Europe in 2022. The UK market is expected to expand at a CAGR of 3.8% through 2030.

碱性可可粉Powder Market Trends, by Region, 2023 - 2030

The Asia Pacific market is poised to advance at the fastest CAGR of 4.5% during the projection period. The region's rising middle-class population and evolving consumer tastes have led to increased consumption of cocoa-based products, including baked goods, chocolates, and beverages, driving the demand for alkalized cocoa powder. Moroever, the expansion of the food processing and confectionery sectors in economies such as China and India has created a substantial market for cocoa ingredients. China held the largest revenue share in the region, accounting for 26.1% of the market in 2022. India, on the other hand, is expected to expand at a CAGR of 4.9% through 2030.

North America is poised to progress at a steady CAGR of 3.2% during the forecast period. This can be attributed to the region's well-established food and beverage business, where alkalized cocoa powder is widely used as a key ingredient in various products like chocolates, confectioneries, and baked goods. In addition, the increasing consumer demand for premium and gourmet chocolate items is driving the demand for high-quality cocoa powder, further fueling market growth in the region. The U.S. dominated the North American market with a revenue share of 82.25% in 2022.

Key Companies & Market Share Insights

The market includes both international and domestic participants. Brand market share analysis indicates that key market players are focusing on strategies such as new product launches, partnerships, mergers & acquisitions, global expansion, and others. Some of the initiatives include:

  • In February 2022, Olam Food Ingredients launched a line of premium deZaan cocoa powders in the U.S. These deZaan cocoa powders are developed with a focus on four essential elements: color, fat content, flavor, and alkalization level, all of which significantly influence recipe outcomes. The flavor spectrum ranges from delicate and fruity citrus notes to velvety chocolate and caramel undertones, while the color options encompass vivid shades like crimson red and terracotta, as well as the deep intensity of carbon black.

  • In September 2020, Olam Cocoa introduced "Olam Cocoa for Professionals," a new business line offering its premium deZaan cocoa powders (alkalized cocoa powders) to restaurants, patisseries, and caterers. deZaan cocoa powders boast a diverse range of flavors, colors, and textures suitable for culinary professionals. Olam Cocoa is making them accessible in 1kg and 5kg bags, allowing chefs and bakers easier access to these specialized cocoa ingredients that were previously reserved for large manufacturers.

Key Alkalized Cocoa Powder Companies:

  • Barry Callebaut
  • Olam International Limited
  • ECOM Agroindustrial Corp. Limited
  • Indcresa
  • Bloomer
  • JB Cocoa
  • CCBOL Group
  • Carlyle Cocoa
  • Dutch Cocoa
  • Cargill, Incorporated.

碱性可可粉Powder Market代表ort Scope

代表ort Attribute

Details

Market size value in 2023

USD 2.51 billion

Revenue forecast in 2030

USD 3.22 billion

Growth rate

CAGR of 3.6% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million, volume in Metric Tons, and CAGR from 2023 to 2030

代表ort coverage

Revenue & volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Source, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; Japan; India; Australia & New Zealand; Brazil; South Africa; UAE

Key companies profiled

Barry Callebaut; Olam International Limited; ECOM Agroindustrial Corp. Limited; Indcresa; Bloomer; JB Cocoa; CCBOL Group; Carlyle Cocoa; Dutch Cocoa; Cargill, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global碱性可可粉Powder Market代表ort Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global alkalized cocoa powder market report based on source, application, and region:

Global Alkalized Cocoa Powder Market Report Segmentation

    • Source Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

      • Organic

      • Conventional

    • Application Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

      • Food & Beverages

        • Bakery & Confectionery

        • Beverages

        • Syrup

        • Spreads

        • Dairy Products

        • Others

      • Cosmetics

      • Others

    • Regional Outlook (Volume, Metric Tons; Revenue, USD Million, 2017 - 2030)

      • North America

        • U.S.

        • Canada

        • Mexico

      • Europe

        • Germany

        • U.K.

        • France

        • Italy

        • Spain

      • Asia Pacific

        • China

        • India

        • Japan

        • Australia & New Zealand

      • Central & South America

        • Brazil

      • Middle East & Africa

        • UAE

        • South Africa

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