Speciality Stores Account for 22% Volume Share of Organic Cocoa Powder Market

Increasing production of confectionery syrup and chocolates will continue to drive demand of cocoa powder globally. As increasing consumption of the cocoa powder benefits the cardiovascular health, demand for cocoa powder for the production of various food products is expected to remain high. However, concerns about the side effects of consuming cocoa can lead to a decline in sales during the forecast period. According to the report, food & beverage will continue to be a leading segment in the global organic cocoa powder market. Fact.MR states that the global cocoa powder market is expected to reflect a CAGR of 2.2% in terms of volume during the assessment period 2017-2026.

Demand for Organic Cocoa Powder Significant in Beverage Industry

On the basis of end-use industry, the key segments include chocolate & confectionary, beverages, bakery, functional food, cosmetics, and pharmaceuticals. Among these, beverages segment accounts for nearly 17.3% volume share of the market, and is likely to grow at a CAGR of 1.2% in terms of volume during the assessment period.

The demand for organic cocoa powder from the beverages sector is likely to remain steady during the assessment period.

Demand for Organic Cocoa Powder Continues to be Driven by Increasing Consumption of Chocolate

Growth of the global cocoa powder market is mainly bound by various macro-economic and micro-economic factors. Consumption of chocolate products and related food products such as cocoa butter, paste and powder continues to simmer as an important ingredient for production of baked products, sweet dishes and beverages. As it is rich in minerals and vitamins, manufacturers are increasingly witnessing demand for cocoa powder for the production of soaps and cosmetic products. Attributed to various health benefits, demand for cocoa powder is expected to remain high for production of scrubs, ointments, creams, facial masks, face toner and lotions. In addition, increasing production of personal care products such as bath bomb products, lip balms and massage oils is further expected to derive demand for the cocoa powder in the food and beverage, and cosmetic industry significantly.

Double-Dutch Cocoa Segment Accounts for 26% Volume Share

The report offers detailed analysis and insights on the basis of product type. The key segments covered on the basis of product type include black cocoa, Double-Dutch Cocoa blend, triple cocoa blend, Bensdorp Dutch-Process Cocoa, Cocoa Rouge, and Natural Cocoa.

Among these, Double-Dutch cocoa powder segment currently accounts for nearly 26% volume share of the market. This segment is likely to expand at a CAGR of 3% in terms of volume through 2026, and reach nearly 367 ‘000 tonnes.

Speciality Stores Account for 22% Volume Share

The distribution channel segmentation analysis includes modern trade, speciality stores, convenience stores, traditional grocery stores, online stores, and other distribution channels.

Sales through distribution channel remain significant, and this segment currently accounts for 22% volume share of the market.

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