The Global Cocoa Nibs Market size is expected to reach an estimated value of over USD 4 billion by 2028. The trend of population growth in emerging economies and rapid urbanization is leading to an increase in demand for cocoa nibs as a substitute for coffee. Technological innovation is also spurring the growth of this market due to increased usage of cocoa nibs in the food processing industry owing to its natural antioxidant properties which help preserve food products without adding color or flavor.
Cocoa nibs are the end product of chocolate production. They come from cocoa beans that have been roasted and then ground into a paste called chocolate liquor. This is further processed to make cocoa powder, which is what we typically think of when we see this ingredient on food labels. The remaining remains after processing all go through one final step to become cocoa nibs - an unprocessed form of dark chocolate with no sugar added or milk solids removed; it's simply pure cacao in its most natural state. The demand for Cocoa Nibs has increased significantly over the recent past due to increasing health awareness among consumers across the globe leading them towards products containing antioxidant properties such as Coco Nuts which helps preserve food without any artificial flavors.
On the basis of Type, the market is segmented into Organic and Conventional.
Organic Cocoa Nibs are derived from cocoa beans that have been grown without the use of pesticides, herbicides, or chemical fertilizers. They're also processed without any additives such as preservatives, stabilizers, artificial flavors, etc., which make it a healthy option for consumers who prefer to avoid synthetic ingredients in their diet. The organic market is expected to grow significantly over the forecast period owing to its increasing demand across various end-user industries including the food processing industry and the retail sector among others.
Conventional Cocoa Nibs refer to those that come with all sorts of additions like sugar, milk solids, and flavorings - so they can't be called pure chocolate. This category is expected to witness significant gains over the forecast period owing to its increasing usage in various end-user industries such as the food processing industry and retail sector among others.
On the basis of Application, the market is segmented into Retail, Food Processing Industry, and others. The retail segment is expected to witness significant growth owing to the increasing demand for cocoa nibs in various food applications such as chocolate, desserts, biscuits, etc., among other things. On the other hand, the Food Processing industry segment is set to grow at a rapid pace over the forecast period due to its usage of cocoas nibs for different purposes including baking mixes, snack bars, and high-protein foods among others.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The European market is expected to grow at a faster pace in the future owing to high demand for cocoa nibs from various end-user industries such as Food Processing Industry and the Retail industry.
North America is expected to contribute significantly over the forecast period due to its large population, an increase in chocolate products usage, and substantial growth of the retail sector. In addition, it offers potential opportunities with the presence of advanced production facilities. Latin American market also holds significant growth prospects on account of increased income levels that have led consumers to indulge more in processed snacks than natural ones which have resulted in a higher requirement for Cocoa Nibs across all segments including organic and conventional cocoas nibs. Asia Pacific region presents a lucrative opportunity as countries like India are witnessing rapid economic expansion coupled with a rising preference for chocolate consumption.
Up Market Research published a new report titled “Cocoa Nibs Market research report which is segmented by Types (Organic, Conventional), By Applications (Retail, Food Processing Industry, Others), By Players/Companies Navitas Organics, Adam Vacon, Edica Naturals, Viva Naturals, Sunfood”.
|Report Attributes||Report Details|
|Report Title||Cocoa Nibs Market Research Report|
|By Type||Organic, Conventional|
|By Application||Retail, Food Processing Industry, Others|
|By Companies||Navitas Organics, Adam Vacon, Edica Naturals, Viva Naturals, Sunfood|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||212|
|Number of Tables & Figures||149|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Organic, Conventional and By Application Retail, Food Processing Industry, Others.
Some of the companies that are profiled in this report are:
Cocoa Nibs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cocoa Nibs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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