USD 90.19 million
Cocoa Based Polyphenols Market Size, Share, Growth Analysis, By Source(Cocoa beans and cocoa husks), By Application(Food and beverage, dietary supplements, pharmaceuticals, personal care), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2101 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
63
|Figures:
75
Cocoa Based Polyphenols Market Insights
Cocoa Based Polyphenols Market size was valued at USD 90.19 million in 2022 and is poised to grow from USD 95.70 million in 2023 to USD 153.80 million by 2031, growing at a CAGR of 6.11% during the forecast period (2024-2031).
Cocoa based polyphenols are natural compounds found in cocoa beans, which are known for their antioxidant properties and potential health benefits. These polyphenols are used in a wide range of applications, including food and beverage, dietary supplements, and cosmetics. The global market has been growing steadily in recent years, driven by increasing consumer demand for natural and healthy ingredients. The purpose of the global market is to provide high-quality and healthy ingredients to consumers in various industries. The market offers various products such as cocoa extracts, cocoa powder, cocoa flavanols, and others, which are used in several applications. The main purpose is to cater to the growing demand for natural and healthy ingredients by providing innovative and high-quality products.
The global cocoa based polyphenols market is expected to witness significant growth in the coming years, driven by increasing consumer awareness of the health benefits of cocoa polyphenols. The market is also being driven by the growing demand for natural and healthy ingredients in the food and beverage industry. The dietary supplement and cosmetics industries are also expected to drive growth in the market, as cocoa polyphenols are known for their potential health benefits, such as reducing inflammation, improving cognitive function, and reducing the risk of heart disease. The market is expected to be driven by the increasing adoption of cocoa based polyphenols in various applications, such as functional foods, dietary supplements, and personal care products. The food and beverage industry is expected to be the largest consumer of cocoa based polyphenols, driven by the growing demand for natural and healthy ingredients in food products. The dietary supplement industry is also expected to witness significant growth, driven by the growing consumer interest in preventive healthcare.
US Cocoa Based Polyphenols Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cocoa beans
Fastest Growth
Cocoa beans
Growth Rate
6.11% CAGR
Global Cocoa Based Polyphenols Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)
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Cocoa Based Polyphenols Market Segmental Analysis
Global Cocoa Based Polyphenols Market is segmented on the basis of source, application, and region. By source, the market is segmented into cocoa beans and cocoa husks. By application, market is segmented into food and beverage, dietary supplements, pharmaceuticals, personal care, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Source
The largest segment of the global cocoa based polyphenols market by the source is cocoa beans. Cocoa beans are the primary source of cocoa based polyphenols and are widely used in the production of cocoa powder and chocolate products. The demand for cocoa beans has been increasing due to the growing demand for chocolate and confectionery products worldwide. The cocoa beans segment is expected to continue dominating the market due to the high demand for cocoa-based products and the availability of cocoa beans as a raw material.
The fastest growing segment of the global cocoa based polyphenols market by the source is cocoa husks. Cocoa husks are a byproduct of cocoa processing and are a rich source of polyphenols. The increasing demand for sustainable and organic food products has led to a growing demand for cocoa husk-based polyphenols. Additionally, cocoa husks are being used as a functional food ingredient due to their antioxidant and anti-inflammatory properties. The cocoa husks segment is expected to grow at a faster rate compared to cocoa beans due to the increasing demand for sustainable and organic food products and the versatility of cocoa husks as a functional food ingredient.
Analysis by Application
The largest segment of the global cocoa based polyphenols market by application is the food and beverage segment with 41% of market share. Cocoa based polyphenols are widely used as functional ingredients in food and beverage products due to their antioxidant properties and health benefits. They are used in the production of chocolate, confectionery products, and baked goods. The demand for cocoa based polyphenols in the food and beverage segment is expected to continue to grow due to the increasing awareness of the health benefits of polyphenols and the growing demand for functional food products.
The fastest growing segment of the global cocoa based polyphenols market by application is the dietary supplements segment. The demand for dietary supplements containing cocoa based polyphenols is increasing due to their antioxidant and anti-inflammatory properties, which are believed to provide various health benefits. Additionally, the rising trend of preventive healthcare and the growing awareness of the health benefits of natural ingredients are driving the growth of the dietary supplements segment. The dietary supplements segment is expected to grow at a faster rate compared to other application segments due to the increasing demand for natural and functional ingredients in dietary supplements.
Global Cocoa Based Polyphenols Market Size By Source 2022(%)
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Cocoa Based Polyphenols Market Regional Insights
Europe is the dominating region in the global cocoa based polyphenols market, owing to the presence of major cocoa processing companies in the region, as well as the high consumption of chocolate and other cocoa-based products by consumers. The region is also known for its strict regulations regarding food safety and quality, which has led to an increased demand for natural and organic cocoa based polyphenols. Additionally, there is a growing trend among European consumers towards healthier food and beverage options, which has resulted in increased demand for cocoa based polyphenols as a functional food ingredient.
The Asia Pacific region is expected to be the fastest growing region in the global cocoa based polyphenols market, owing to the growing consumer awareness about the health benefits of cocoa based polyphenols and the increasing demand for natural and organic food products. The region is also experiencing rapid urbanization and a rise in disposable income, leading to an increased demand for premium food and beverage products. In addition, the increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases in the region has led to an increased focus on preventative healthcare and nutrition, driving the demand for functional food ingredients such as cocoa based polyphenols.
Global Cocoa Based Polyphenols Market Size By Geography, 2022-2030
- Largest
- Fastest
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Cocoa Based Polyphenols Market Dynamics
Drivers
Rising prevalence of chronic diseases
- There has been a significant increase in the prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer, which has led to a greater focus on preventative healthcare and nutrition. Cocoa based polyphenols are known to have antioxidant properties and can help to prevent or reduce the risk of chronic diseases. This has led to increased interest in cocoa based polyphenols as a functional food ingredient, driving market growth in the food and beverage industry.
Restraints
Limited availability of high-quality cocoa beans
- The production of high-quality cocoa beans requires specific climatic conditions and farming techniques, and not all regions are suitable for cocoa bean cultivation. The limited availability of high-quality cocoa beans can impact the quality and quantity of cocoa based polyphenols produced, leading to a potential supply shortage and high prices for premium quality products. This limitation can also lead to the use of lower quality cocoa beans, which can impact the quality and effectiveness of cocoa based polyphenols and negatively affect consumer perception of the product.
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Cocoa Based Polyphenols Market Competitive Landscape
The global cocoa based polyphenols market is moderately fragmented with the presence of several players. Some of the major players operating in the market are focusing on product innovation, research and development, and partnerships and collaborations to strengthen their market position. They are also investing in marketing and promotional activities to increase brand awareness and reach a wider customer base. Some of the key strategies adopted by these companies include;
New product launches: Companies are launching new and innovative products to cater to changing customer preferences and demands. For instance, in March 2021, Naturex launched a new line of cocoa extracts called CocoaPro, which is rich in polyphenols.
Partnerships and collaborations: Companies are entering into partnerships and collaborations to expand their product portfolio and reach new customers. For instance, in June 2021, Barry Callebaut announced a partnership with FlavaNaturals to produce high-flavanol chocolate products.
Research and development: Companies are investing in research and development activities to improve the quality and efficacy of their products. For instance, in June 2021, Barry Callebaut announced the development of a new technology called ACTICOA to produce cocoa extracts that are high in flavanols.
Mergers and acquisitions: Companies are also engaging in mergers and acquisitions to strengthen their market position and expand their geographical reach. For instance, in January 2021, Symrise AG acquired Sensient Technologies Corporation’s fragrance and flavor business to expand its offerings in the natural ingredients market.
Top Player’s Company Profiles
- Barry Callebaut AG
- Cargill, Incorporated
- Nestle SA
- Olam International Limited
- Touton SA
- Guan Chong Berhad
- The Hershey Company
- Mars, Incorporated
- Ferrero S.p.A
- Lindt & Sprüngli AG
- Mondelēz International
- Blommer Chocolate Company
- ECOM Agroindustrial Corp. Ltd.
- Petra Foods Limited
- Transmar Group Limited
- Dutch Cocoa B.V.
- BT Cocoa
- JB Cocoa Sdn Bhd
- Meiji Holdings Co. Ltd.
- Puratos Group NV.
Recent Developments
- In June 2022, Kemin Food Technologies Asia introduced antimicrobial disinfectant solutions KEEPER and OXINE, which help to control the spread of harmful pathogens and bacteria in food processing environments. These products provide an effective and environmentally friendly solution to food safety concerns, ensuring that food products are safe and healthy for consumers.
- In June 2022, Archer Daniels Midland (ADM), Marathon Petroleum Corp., and the state of North Dakota celebrated the groundbreaking of the Green Bison Production Facility. The facility will produce renewable diesel from agricultural and other feedstocks, providing a significant boost to the renewable energy industry in North Dakota and the wider United States.
- In May 2022, Barry Callebaut, the world's leading manufacturer of high-quality chocolate and cocoa products, opened a new CHOCOLATE ACADEMY™ Center in Casablanca, Morocco. The facility provides training and education for chefs, chocolatiers, and other professionals in the chocolate and pastry industry, helping them to develop their skills and knowledge of chocolate.
- In May 2022, Barry Callebaut announced the establishment of a "Farm of the Future" program to power cocoa farming research and innovation. This initiative aims to promote sustainable cocoa farming practices and improve the livelihoods of cocoa farmers, while also ensuring a sustainable supply of cocoa for the chocolate industry.
Cocoa Based Polyphenols Key Market Trends
- One of the key market trends in the global cocoa based polyphenols market is the growing demand for natural and organic ingredients in the food and beverage industry. Cocoa based polyphenols are natural antioxidants found in cocoa beans, which have been linked to various health benefits such as reducing inflammation, improving heart health, and boosting brain function. As consumers become more health-conscious and interested in natural and functional foods, the demand for products containing cocoa based polyphenols is expected to increase.
Cocoa Based Polyphenols Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cocoa Based Polyphenols Market analysis, global market is expected to experience significant growth during the forecast period. Cocoa based polyphenols are natural antioxidants that have numerous health benefits and are used as functional ingredients in various industries, including food and beverage, dietary supplements, pharmaceuticals, and personal care. One of the key drivers of the market is the growing demand for natural and organic ingredients in the food and beverage industry. Cocoa based polyphenols are a natural source of antioxidants and are used to enhance the nutritional value and functional properties of food and beverages. The rising trend of preventive healthcare is also driving the demand for cocoa based polyphenols, as they are believed to have anti-inflammatory, anti-cancer, and anti-diabetic properties. In terms of regional analysis, Europe is expected to dominate the market due to the high consumption of chocolate and cocoa-based products in the region. However, the market growth may be hindered by certain factors such as the high cost of production and the limited availability of cocoa beans. Additionally, the fluctuation in the price of cocoa beans may also impact the growth of the market. Moreover, stringent regulations and quality standards imposed by various regulatory bodies may also pose a challenge to market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 90.19 million |
| Market size value in 2031 | USD 153.80 million |
| Growth Rate | 6.11% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cocoa Based Polyphenols Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cocoa Based Polyphenols Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cocoa Based Polyphenols Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cocoa Based Polyphenols Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cocoa Based Polyphenols Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cocoa Based Polyphenols Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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