What is the global market size of Cocoa Based Polyphenols Market?

Cocoa Based Polyphenols Market size was valued at USD 85 million in 2021 and is poised to grow from USD 90.19 million in 2022 to USD 144.95 million by 2030, growing at a CAGR of 6.11% in the forecast period (2023-2030).

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

Q: Who are the key vendors in the Global Cocoa Based Polyphenols Market?

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; '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', 'MondelÄz 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.'

Q: What is the key market trend for Global Cocoa Based Polyphenols Market?

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.

Q: Which region accounted for the largest share in Global Cocoa Based Polyphenols Market?

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.

Report ID: SQMIG30I2101 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 75

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.

Cocoa Based Polyphenols Market Report Snapshots

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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).

The 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; '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', 'MondelÄz 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.'

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.

One of the key market trends in the 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.

Europe is the dominating region in the 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.

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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

Cocoa Based Polyphenols Market Dynamics

Cocoa Based Polyphenols Market Report Snapshots

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What is the market size of Cocoa Based Polyphenols Market?

Who are the key vendors in the Cocoa Based Polyphenols Market?

What is the key driver of Cocoa Based Polyphenols Market?

What is the key market trend for Cocoa Based Polyphenols Market?

Which region accounted for the largest share in Cocoa Based Polyphenols Market?

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