Cocoa Nibs Market Demand, Growth Factors, Industry Size, Share, Regions, Current Trends, Top Player Analysis and Global Forecast 2030

Research Reports

Jan 10, 2023

Cocoa Nibs Market Research Future Insights

The Global Cocoa Nibs Market is estimated to be worth USD 2.05 Billion by 2030, registering a 7.8% CAGR during the forecast period (2022- 2030).

Cocoa nibs are dried, roasted, fermented, and crushed cocoa beans utilized in the production of high-end chocolates in the baking and beverage sectors. These nibs are fermented, dried, roasted, and crushed cocoa beans applied in the production of premium chocolates and bread and beverage products. Cocoa beans, both roasted and crushed, are a high source of fiber, minerals, healthy fats, and protein, which help in preventing chronic diseases like cardiovascular disease and diabetes. Cocoa beans are also utilized to make cocoa powder, cocoa butter, and cocoa liquor. The raw cocoa beans arrive from traditional farms, which are run by families. Production of cocoa beans is a complicated process that includes many people to fulfill the global demand.

One of the substantial market drivers of the cocoa nibs industry is the huge demand for natural ingredients. The market is expected to have significant growth during the forecast period due to its numerous benefits. The growing demand for natural cocoa nibs is awaited to provide new opportunities for the growth of the cocoa nibs industry. It is extensively used to enhance the aroma of food products and cosmetic and personal care products. The Cocoa nibs industry is estimated to register high growth in the coming years due to the huge demand for premium products. Especially, the consumption of ruby and dark chocolates is anticipated to felicitate the market growth.

The Global Cocoa Nibs Market report provides an integrated evaluation of the market. The report tenders to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.

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Regional Analysis
The Global Cocoa Nibs Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

In the past recent years, the European region has held the biggest share of the global cocoa nibs industry. Growing demand and consumption of chocolates in this region are the main reasons for significant growth.

North America held the second-largest regional market for cocoa nibs. The United States is among the largest chocolate consumers in North America.

Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 8.6% from 2022 to 2030. The consumption of several types of chocolate is continuously boosting in the region owing to shifting consumers’ food preferences, improving lifestyles, and increasing disposable income in the region.

Cocoa Nibs Market

Market Segmentation

The Global Cocoa Nibs Market is segmented into the following types;

By Distribution

  • Non-Store Based
  • Store-based
  • Convenience Stores
  • Hypermarkets and Supermarket
  • Others

By Category

  • Organic
  • Conventional

By Application

  • Commercial
  • Household

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Key Players
The Global Cocoa Nibs Market’s prominent key players are Cocoa Products Corporation (US), Barry Callebout AG Switzerland, NOW Health Group Inc. (US), Nutrisure Ltd. (UK), Cocoa Family Farms (US), Sunfood Corporation (US), Viva Naturals (Canada), Navitas LLC (US), Santa Barbara Chocolate (US).

Discover more research Reports on Food, Beverages & Nutrition industry, by Market Research Future:

Cocoa Ingredients Market Research Report: Information by Product Type (Cocoa Butter, Cocoa Liquor, and Cocoa Powder), Category (Organic and Conventional), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Sweet & Savory Snacks, Dips, Sauces, & Dressings, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World) —Forecast till 2028

Cocoa Fillings Market Information by Ingredients (Cocoa Beans, Unsweetened Cocoa Powder, Cocoa Butter, Cocoa Paste, Cocoa Liquid others), Application (Bakery & Confectionery, Dairy Products, Beverages, Personal Care, Pharmaceuticals and others), Distribution Channel (Store Based and Non-Store Based) and Region (North America, Europe, Asia Pacific and Rest of the World) – Forecast to 2030

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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