Cocoa Products Market Trends Estimates High Demand by 2025
Posted by kailas waghmare on April 12th, 2019
Cocoa products are derived from the cocoa seed of the cocoa tree. There are different types of products obtained from cocoa seeds such as cocoa powder, cocoa paste, cocoa butter, and cocoa liquor, which commonly found globally. Cocoa powder is mostly used to produce chocolate & chocolate confectionaries and cocoa paste is used to manufacture ice cream and sweet desserts. Cocoa butter has been widely used in the pharmaceuticals industry to reduce or prevent stretch marks. Furthermore, cocoa liquor is used in bakeries, drinks, desserts, ice creams, and coatings.
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Increase in the demand for chocolate & chocolate related products such as sweet chocolate, dark chocolate, drinking chocolate, and milk chocolate has been the key driver for the cocoa products market. Cocoa products have various benefits on the human body such as relief from high blood pressure and various neurodegenerative diseases, owning to a surge in the demand for cocoa products in the market. However, the high sugar-content in most cocoa-based products has hindered the growth of the cocoa product market. Application of cocoa products in pharmaceuticals and cosmetics has created new opportunities for market growth.
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The cocoa products market is segmented on the basis of type, application, and geography. By type the market is segmented into cocoa powder, cocoa paste, cocoa butter, cocoa beans, and others. By application, the market is divided into bakery, drinks & beverages, confectionaries, functional food, and others. By geography it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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About the Authorkailas waghmare
Joined: March 5th, 2019
Articles Posted: 161
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