About Cocoa Fiber
Cocoa Fiber is a preparation obtained from roasted cocoa husks by cleaning, macerating, and sterilization. It is a natural, dietary fiber, and has a strong cocoa flavor and color, contains low quantities of fat, and high content of fiber. It can be used to replace sugar in chocolate products up to 45% if used as a bulking agent and it provides the same sensory properties as in a reference product. It also binds water and fat, so stabilizers and emulsifiers can be reduced from the recipe. It could be used as an ingredient in fiber-rich functional foods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Cocoa Fiber market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for organic Cocoa Fiber Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), Carlyle Cocoa (United States), Archer Daniels Midland Company (United States), Natural Fiber Solutions (United States), United Cocoa Processor, Inc. (United States), InterFiber (Poland), Greenfield (Poland), OstroVit (Poland), Moner Cocoa SA (Spain) and Healy Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Barry Callebaud (Switzerland) and Jindal Cocoa (India).
Segmentation Overview
AMA Research has segmented the market of Global Cocoa Fiber market by Type (Organic and Conventional), Application (Cookies & Bakery Products, Confectionary, Nutritional Supplements & Bars, Beverages, Pharmaceuticals and Others (Extruded Snacks, Cocoa Coatings)) and Region.
On the basis of geography, the market of Cocoa Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Cocoa Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Health Awareness among Population and Growing Health Benefits Associated With Cocoa Fiber and High Presence of Nutrient Content, and Beneficial Compounds Found in Cocoa
Restraints:
Volatility in the Raw Material Prices Owing To Uncertain Weather Conditions, Pests, and Political Instability
Opportunities:
Growing Popularity of Chocolates among the Young Generation and Increasing Use of Cocoa in Beverages and Functional Foods
Market Leaders and their expansionary development strategies
In February 2019, Olam announced acquisition of Indonesia’s largest cocoa processor, BT Cocoa, to capitalise on Asia’s trajectory to become the largest global consumer of cocoa powder.
In January 2020, Ireland-based Healy Group launched PrimaFi Cocoa, a micronized cocoa fiber specifically developed for use in chocolate manufacture. PrimaFi Cocoa is a natural, dietary fiber that, when used as a bulking agent, can replace sugar in chocolate by up to 45 percent with no negative sensory impact.
The FDA updates the list of recognized dietary fibers which includes the fiber found in whole grains, fruits, vegetables, nuts and seeds along with fibers in food ingredients that have been mechanically processed, chopped or ground for instance, but not chemically derived or isolated. and The American Heart Association (AHA) recommends less than 6 teaspoons (25 grams) of added sugar per day for women and 9 teaspoons (38 grams) for men. This is where cocoa fiber comes in handy if used as a bulking agent, it replaces sugar in chocolate food and beverage products up to 45%.
Key Target Audience
Cocoa Fiber Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Research Institutes, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.