About Cocoa Nibs
The cocoa bean or simply cocoa also called cacao bean or cacao is the dried and fully fermented seed of Theobroma cacao. From these seeds cocoa solids which is a mixture of nonfat substances, and cocoa butter can be extracted. The beans are the basis of chocolate, and Mesoamerican foods that includes tejate which is an indigenous Mexican drink that also includes maize. Yearly, people consume more than 3 million tons of cocoa beans and they enjoy cocoa in many different forms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cocoa Nibs market throughout the forecasted period. 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.
Navitas Organics (United States), Adam Vacon (Canada), Edica Naturals Ltd (Canada), Viva Naturals (Canada), Sunfood Corporation (United States), The Hershey Company (United States), Cargill, Inc. (United States), The Barry Callebaut Group (Switzerland), Puratos Group (Denmark) and Blommer Chocolate Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cemoi (France), Meiji Holdings Company (Japan) and Jindal Cocoa (India).
Segmentation Overview
AMA Research has segmented the market of Global Cocoa Nibs market by , Application (Breakfast Food, Baked Food, Frozen Desserts, Trail Mix and Others) and Region.
On the basis of geography, the market of Cocoa Nibs 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 End use , the sub-segment i.e. Food Processing Industry will boost the Cocoa Nibs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel , the sub-segment i.e. Online will boost the Cocoa Nibs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature , the sub-segment i.e. Organic will boost the Cocoa Nibs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness about the Cocoa Nibs
Market Growth Drivers:
Health Benefits of Cocoa Beans is Fuelling the Market and Increasing Demand of Cocoa Incorporated Products
Challenges:
Higher Consumption May Lead to Health Issues and Challenges Related to Yield and Profitability
Restraints:
Fluctuating Raw Material Prices is Hampering the Market
Opportunities:
Increasing Application of Cocoa Nibs is Boosting the Market Growth
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations 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.