Cocoa Nibs Market Expected Highest Growth of USD 1.99 Billion By 2027 | Grand View Research, Inc.

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Cocoa Nibs Market Expected Highest Growth of USD 1.99 Billion By 2027 | Grand View Research, Inc.

October 01
13:34 2020
Cocoa Nibs Market Expected Highest Growth of  USD 1.99 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Growing application of cocoa nibs in the food and beverages industry on account of its nutty and chocolatey flavor, coupled with exceptional nutritional properties, is expected to remain a key factor for the cocoa nibs market growth.

According to a report, “Cocoa Nibs Market Size, Share & Trends Analysis Report By Product (Conventional, Organic), By Application (Commercial, Household), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc., The global cocoa nibs market is expected to reach at USD 1.99 billion by 2027 at a CAGR of 7.9%, according to a new report by Grand View Research, Inc. The rise in application of cocoa nibs in the food and beverages industry is likely to impel a high market growth in the coming years.

Rise in use of cocoa nibs for frozen desserts and beverages is witnessed all across the globe since bakeries and confectioneries are expected to play a substantial role in enhancing the market demand for bakery products. Growing adoption of bakery products is another major factor driving the market growth.

Increase in diabetic and health conscious population can have specific demands for bakery food products that are rich in fiber and highly nutritious. These are associated with health benefits that promote the nutritional properties of cocoa nibs. In addition, these products also impart nutritional properties for cardiovascular patients wherein roasted cocoa is used in the making of bakery products.

Covid-19 Effect:

Amid the covid-19 effect on the bakery food and confectionery products, the cocoa nibs market is expected to witness specific demand owing to the home makers preferring home made confectionery products. Moreover, availability of raw ingredients is a major factor boosting home made cocoa products. In fact, the unlocking of markets in the pandemic time is attracting new opportunities in relevance to supply chain wherein home made products are preferred for end-use.

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U.S. cocoa nibs market size

Further Findings From the Report Suggest:

Conventional cocoa nibs accounted for a significant share and is expected to maintain a high dominance throughout the forecast period

Household application is anticipated to expand at a high CAGR owing to the shift in consumer preference for healthy lifestyle and rich flavored products

Organic product segment is anticipated to witness a fast growth attributing to the high adoption of organic and natural products among global consumers

Conventional products are likely to gain a huge traction owing to high consumerism and presence of bakery and beverage industries in the developed countries

North America is one of the large regional markets for cocoa nibs owing to the high revenue share and high consumption of chocolate and confectionery products. High demand among consumers is one of the major factors triggering the growth of regional market

Major Players:

l  Barry Callebaut AG

l  Cocoa Family Farms

l  Sunfood

l  Viva Naturals

l  NOW Foods

l  Urban Platter

l  United Cocoa Processor,Inc

l  BMV International

l  Fine Cocoa Products Corporation

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Application Insights

The commercial application segment held the largest share of more than 65.0% in 2019 and is expected to maintain the lead over the forecast period. The confectionery sector is the largest consumer of cocoa nibs while the bakery and beverage industries are among the fastest-growing segments in terms of usage. Manufacturers are actively introducing these nibs in various bakery products, including muffins, cookies, cupcakes, and bread, in order to enhance the flavor as well as bring out the rich chocolate flavor.

Global cocoa nibs market share 

The household application segment is expected to register the fastest CAGR of 8.1% from 2020 to 2027. With the shifting consumers’ preference for a healthy lifestyle, nutritious and rich flavored products are increasingly adopted by the consumers. Over the past few years, people are using cocoa nibs for making smoothies, flavored milk, cakes, cookies, and they are also simply consumed as snacks. It adds a nutty and chocolatey note in food. Moreover, it is loaded with nutritional properties, which is opening a new scope in the household segment.

Cocoa Nibs Market Segmentation

Grand View Research has segmented the global cocoa nibs market on the basis of product, application, and region:

Cocoa Nibs Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Conventional

  • Organic

Cocoa Nibs Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Commercial

  • Household

Cocoa Nibs Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • The U.S.

  • Europe

    • The U.K.

    • Germany

    • France

  • Asia Pacific
    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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