Cocoa Extracts Market Scope
Cocoa extract, used in chocolate formulations, provides several health benefits such as better blood flow, improved insulin sensitivity, and antioxidant effects. With the increasing demand for food products of high nutritional profile on the account of the growing prevalence of lifestyle diseases such as obesity and diabetes, the cocoa extract market is expected to witness significant growth in the near future. Cocoa extract is gaining increasing demand with the expansion of specialty or premium chocolate products. Consumers are seeking higher quality and higher cocoa content in chocolates which is likely to accelerate the growth of the cocoa extract market.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Cocoa Extracts market throughout the predicted period.
Ambe Phytoextracts Pvt. Ltd. (India), Bioriginal Food & Science Corporation (Canada), CPC Ingredients (United States), Tharakan and Company (India), Van Aroma (Indonesia), Cyvex Nutrition (United States), John Aromas (India), Merck KGaA (Germany), Haldin (Indonesia) and Kerry Inc. (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are PROVA SAS (France), ETChem (China) and Healy Group (Ireland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cocoa Extracts market by Type (Cocoa Butter, Cocoa Powder, Cocoa Beans and Others), by Application (Pharmaceutical Industry, Food and beverage, Cosmetics and personal care and Others) and Region with country level break-up.
On the basis of geography, the market of Cocoa Extracts 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).
On January 30, 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 which, 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.
Market Drivers
- Increasing Health Awareness among Population and Growing Health Benefits Associated With Cocoa Extracts
- High Presence of Nutrient Content, and Beneficial Compounds Found in Cacoa
Opportunities
- Growing Popularity of Chocolates among the Young Generation
- Increasing Use of Cocoa in Beverages and Functional Foods
Restraints
- Volatility in the Raw Material Prices Owing To Uncertain Weather Conditions, Pests, and Political Instability
Key Target Audience
Cocoa Extracts Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Research Institutes, End-Use Industry and Others