Report ID: UCMIG30I2269
Report ID:
UCMIG30I2269 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Commencing with a notable value of USD 1.08 billion in 2019, the global cocoa nibs market is poised for robust growth, projecting a substantial compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. The market's expansion is driven by the escalating adoption of cocoa nibs in the food and beverage industry, attributed to their distinctive raw, nutty, and decadently chocolatey flavor. Their versatile applications have not only found a home in premium chocolate production but also in the bakery and beverage sectors. Beyond taste, cocoa nibs offer an added advantage with their nutrient-rich composition. Laden with minerals, fiber, proteins, and healthy fats, they contribute to reducing the risk of chronic disorders like diabetes and cardiovascular diseases. This health-conscious consumer awareness is anticipated to further propel the market, positioning cocoa nibs as an enticing and functional ingredient that aligns both taste and well-being.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for Cocoa Nibs was estimated to be valued at US$ XX Mn in 2021.
The Cocoa Nibs Market is estimated to grow at a CAGR of XX% by 2028.
The Cocoa Nibs Market is segmented on the basis of Product (Revenue, USD Million, 2016 - 2027), Application (Revenue, USD Million, 2016 - 2027), Regional (Revenue, USD Million, 2016 - 2027).
Based on region, the Cocoa Nibs Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Cocoa Nibs Market are , Barry Callebaut AG , Cocoa Family Farms , United Cocoa Processor, Inc. , Navitas Organics , Fine Cocoa Products Corporation , Sunfood , Viva Naturals , NOW Foods , Urban Platter , BMV International , ".
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Report ID: UCMIG30I2269