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Low-Fat Cocoa Powder Market

Low-Fat Cocoa Powder Market

Low-Fat Cocoa Powder Market Analysis by Product Type (Natural, Alkalized), by Application (Confectionary, Beverage), by Buyer Type, by Sales Channel, by Region - Global Forecast 2022-2032

Low-Fat Cocoa Powder Market
FACT3530MR

Global Low-Fat Cocoa Powder Market Outlook

The global low-fat cocoa powder market is estimated at USD 433.8 Million in 2022 and is forecast to surpass USD 651.4 Million by 2032, growing at a CAGR of 4.1% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 418.7 Million

Estimated Year Value (2022E)

USD 433.8 Million

Projected Year Value (2032F)

USD 651.4 Million

Global Growth Rate (2022-2032)

 CAGR 4.1%

North America Market Share in 2021

~31%

North America Growth Rate (2022-2032)

CAGR ~4.3%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~42%

Top 5 Companies Market Share in 2021

~19%

Key Companies Profiled

  • Dr. Oetkar
  • DeZaan
  • Nestle
  • Kaoka
  • ITB Holdings, LLC
  • Bensdrop
  • Hershey’s
  • ICAM
  • Barry Callebaut
  • Moner Cocoa
  • JS Cocoa
  • Naturata
  • Chocolates Valor
  • Other Market Players

The global low-fat cocoa powder market is likely to create an absolute dollar opportunity of USD 217.6 Million by the end of 2032. The global low-fat cocoa powder market holds ~10% of the global cocoa powder market.

2017-2021 Global Low-Fat Cocoa Powder Market Outlook in Comparison to 2022-2032 Growth Forecast

Low-fat cocoa powder is produced by extracting butterfat from chocolate liquor at earlier stages of cocoa processing. The low-fat cocoa powder serves many applications but is majorly used as a vital ingredient in chocolate cakes during the baking process, to add more flavor to regular cakes. The global market for low-fat cocoa powder has attained an enormous growth in both developed, as well as developing economies, over the period owing to changing consumption patterns of the people. Multiple benefits served by low-fat cocoa powder is likely to infuse the market in coming years.

The global low-fat cocoa powder market is gaining massive traction from the digital platforms. The global low-fat cocoa powder market includes numerous local manufacturers, and some players have a global reach as well. The low-fat cocoa powder market is creating lucrative opportunities for the low-fat cocoa powder manufacturers and distributors to expand their business footprint worldwide.

Fact.MR projects the low-fat cocoa powder market is expected to witness exhibiting growth at 4.1% CAGR during 2022 and 2032 in comparison to a CAGR of 2.7% with which it grew from 2017 and 2021.

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Growing Enthusiasm for Physical Fitness Leads to an Increase in Demand for Low-Fat Cocoa Powder

The rising awareness about the health benefits offered by low-fat cocoa powder is likely to drive the overall market for low-fat cocoa powder. The products made from low-fat cocoa powder are considered as one of the healthiest snacks in the market.

The primary reason for considering low-fat cocoa powder as a healthy snack is its ability to boost metabolism, which in turn helps in weight loss. Low-Fat cocoa powder serves many health benefits as the low-fat cocoa powder is one of the richest sources of polyphenols. Low-Fat cocoa powder is widely accepted due to its antioxidant and anti-inflammatory effects. Therefore, the rising awareness concerning health is estimated to amplify the overall demand for low-fat cocoa powder.

Growing Demand for Healthy Chocolates is expected to create lucrative opportunities in the Low-Fat Cocoa Powder Market

Owing to the increasing awareness among the consumers regarding the health benefits served by low-fat cocoa powder, the overall market for low-fat cocoa powder is likely to grow remarkably.

The rising demand for low-fat cocoa powder for several applications is expected to drive the global low-fat cocoa powder market. With the entrance of local players in the low-fat cocoa powder market, the consumers are widely accepting the low-fat cocoa powder due to its availability at economical prices.

Among regions, North America is likely to hold the leading position in terms of market share in the low-fat cocoa powder market during 2021. Also, the Asia Pacific region is estimated to witness a considerable demand for low-fat cocoa powder during the forecast period owing to increasing awareness about the benefits of low-fat cocoa powder.

The low-fat cocoa powder manufacturers are primarily focusing on emerging countries with higher consumption rate to gain substantial revenue across the regions. Key producers in the low-fat cocoa powder market are mainly targeting on expanding their customer base and sales footprint.

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Competitive Landscape: Top Companies in Low-Fat Cocoa Powder Market

The global low-fat cocoa powder market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of low-fat cocoa powder market.

Fact.MR has provided detailed information about price points of key manufacturers in low-fat cocoa powder market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Nestle in 2021 announced the acquisition of core brands of Bountiful Company. This acquisition will aid in the provision of new products to the consumers via multiple sales channel
  • Dr. Oetkar in 2020 announced the acquisition of Flaschenpost, the German drinks delivery startup, as an alternative to their own version of service offering and thereby delivering drinks to customers within 2 hours

Global Low-Fat Cocoa Powder Market by Category

  • By Product Type, Global Low-Fat Cocoa Powder Market is segmented as:

    • Natural
    • Alkalized
  • By Application, Global Low-Fat Cocoa Powder Market is segmented as:

    • Confectionary
    • Beverage
    • Others
  • By Buyer Type, Global Low-Fat Cocoa Powder Market is segmented as:

    • HoReCa Sector
    • Household & Residential Buyers
    • Food Processors & Manufacturers
  • By Sales Channel, Global Low-Fat Cocoa Powder Market is segmented as:

    • Online Sales Channel
    • Offline Sales Channel
      • B2B
      • B2C
      • Modern Trade
      • Convenience Stores
      • Departmental Stores
      • Confectionary Stores
      • Other Sales Channel
  • By Region, Global Low-Fat Cocoa Powder Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of low-fat cocoa powder market is estimated to be worth over USD 433.8 Million in 2022.
The demand is anticipated to surpass USD 651.4 Million by 2032 end.
During 2017-2021, global low-fat cocoa powder market grew at 2.7% CAGR.
Some of the prominent players in low-fat cocoa powder market are Dr. Oetkar, ICAM S.p.A, Barry Callebaut, Moner Cocoa, etc.
North America tops the global low-fat cocoa powder market accounting for 31.4% of global market share in 2022.
HoReCa sector segment under the buyer type segment contributes 41.3% of market share in global consumption of low-fat cocoa powder.

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