Cocoa fiber Global Market

Cocoa fiber is a dietary fiber that is used as an additive in the food industry. Dietary fiber has a wide variety of effective health uses, such as reducing the risk of heart disease, cancer of the colon and diabetes, treatment of colonic disorders, enhancement of gastrointestinal function and others. It is produced from roasted cocoa husks by washing, micronizing and heat steaming (sterilization). It is used as a supplement for cocoa powder to enhance nutritional value, shelf life and texture with limited effects on taste. In addition, cocoa-based fiber is used in a wide variety of end-use applications, including bakery, drinks, cosmetics, pharmaceuticals, and others. It is also used for board and paper processing to create personalized solutions for many industries. Manufacturers are introducing variants of cocoa-based fiber to meet the emerging needs of customers linked to various health issues and the growing demand for safe and creative goods. For example, in 2017, Praim Group announced its plans to produce bakery-inspired chocolate bars with flavors such as dark chocolate raspberry burst and dark chocolate mint crunch. With the increasing demand for dark chocolates in the country, it is expected that more manufacturers will launch different varieties within this chocolate category to attract new consumers. Companies also seek to increase production capacity and to evolve rapidly in order to deliver goods that are nutritious and that also come from different varieties. Global customer awareness of the many health benefits associated with chocolate has seen a major increase in the recent past and is projected to continue to raise sales from the global demand for cocoa fiber over the forecast period. Over the years, the production and consumption of bakery items with a lower calorie count have increased. The increase in obesity, cardiovascular disease and other diet-related illnesses has contributed to a greater understanding of lower-calorie food ingredients. Moreover, lower consumption of fruits, pulses, vegetables results in inadequate fiber intake. As a result, the fat part of the bakery products has been replaced by the cocoa fiber content, which is expected to increase the market demand. The growing popularity of chocolates among the young generation increases the desire for and consumption of cocoa powder. Various market players have started introducing products with various health benefits. For instance, In January 2020, Healy Group– an Ireland-based company has launched a cocoa fiber-based product PrimaFi Cocoa. This product contains natural and dietary cocoa fiber that replaces 40% sugar without hindering the mouthfeel.

Global Cocoa Fiber Market is valued approximately at USD 322.13 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2020-2027.

The regional analysis of the global Cocoa Fiber Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is expected to remain the most prominent area for the production and consumption of cocoa fiber during the forecast period. Knowledge of the related health benefits of cocoa fiber and increased consumption of dietary supplements on the North American market has resulted in an increase in demand for cocoa fiber over the years.
Major market players included in this report are Healy Group., Archer Daniels Midland Company, Barry Callebaut, GreenField, Interfiber, Jindal Cocoa, United Cocoa Processor, Carlyle Cocoa, Euroduna Food Ingredients., Cargill Inc., Cemoi, Moner Cocoa

The detailed segments and sub-segment of the market are explained below:
By Product Type: Conventional, Organic
By Application: Confectionery, Functional Food, Bakery Items, Beverages, Cosmetics, Pharmaceuticals, Packaging industry
By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Cocoa Fiber Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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