Cocoa Nibs Market | Global Overview, Size, Share, COVID – 19 Outbreak and Forecast to 2025

Cocoa Nibs Market Research Report - Global Forecast till 2025

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Copyright Š 2017 Market Research Future.

Cocoa Nibs Market Research Report - Global Forecast till 2025

Global Cocoa Nibs Market: Information by Category (Conventional and Organic), Distribution Channel (Store-Based and Non-StoreBased) and Region (Europe, North America, Asia-Pacific, South America and the Middle East & Africa) - Forecast till 2025

Key Players

The Prominent Players in the Global Cocoa Nibs Market include Barry Callebaut AG (Switzerland), Cocoa Family Farms (US), Santa Barbara Chocolate (US), NOW Health Group, Inc. (US), Fine Cocoa Products Corporation (US), Sunfood Corporation (US), Viva Naturals (Canada), Navitas LLC (US), Nutrisure Ltd (UK), and United Cocoa Processor, Inc. (US).

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Cocoa Nibs Market Research Report - Global Forecast till 2025

Global Cocoa Nibs Market is estimated to be valued at USD 1,306.3 Million by 2025, registering a CAGR of 4.67% during the forecast period. The global cocoa nibs market is expected to register a notable growth rate during the forecast period. The demand for cocoa nibs is projected to be driven by rising use as a topping. Moreover, cocoa offers several health benefits, which is expected to drive the growth of the cocoa nibs market at the global level. However, the fluctuating prices of cocoa beans are projected to restrict the growth of the global cocoa nibs market during the forecast period of 2019 to 2025.

Regional Analysis Geographically, the global cocoa nibs market has been categorized into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the global market holding the largest share in 2020. The market in Asia-Pacific is expected to record the highest CAGR of 5.25% during the forecast period. Europe held the second-largest market share in 2020.

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Cocoa Nibs Market Research Report - Global Forecast till 2025

Segmentation Global Cocoa Nibs Market has been segmented on the basis of Category, Distribution Channel, and Region. By category, the market has been divided into conventional and organic. The conventional segment accounted for a significant market share in 2020 and expected to retain its dominance throughout the forecast period. The growth of the conventional segment is attributed to the high antioxidant content in the conventional cocoa nibs helps reduce the damage caused by free radicals, which has been linked to premature aging. The high demand for conventional cocoa nibs can also be attributed to the easy availability and economical pricing. However, the organic segment is estimated to register a higher CAGR of 4.98% during the forecast period.

By distribution channel, the global market has been bifurcated into store-based and non-store-based. The store-based distribution channel is estimated to retain its dominance throughout the forecast period. However, the non-store-based segment is projected to witness higher growth rate during the forecast period. E-commerce channels help expedite this process so manufacturers may reach a wide consumer base. The various discounts and offers available on online shopping sites and services such as free delivery make non-store-based distribution channels the preferred choice among customers. The store-based segment has been further categorized into supermarkets & hypermarkets, convenience stores, and others.

Intended Audience • • • • • • •

Cocoa nibs manufacturers Cocoa manufacturers Organic cocoa nibs manufacturers Cocoa bean manufacturers Cocoa processors Governments, associations, and industrial bodies Investors and trade experts

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Copyright © 2017 Market Research Future.

Cocoa Nibs Market Research Report - Global Forecast till 2025

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Copyright Š 2017 Market Research Future.