{"id":11144,"date":"2023-03-01T13:41:46","date_gmt":"2023-03-01T12:41:46","guid":{"rendered":"https:\/\/fei-online.com\/?p=11144"},"modified":"2023-03-03T11:06:16","modified_gmt":"2023-03-03T10:06:16","slug":"cocoa-industry-is-anticipated-to-reach-a-valuation-of-us-79-billion-by-2032","status":"publish","type":"post","link":"https:\/\/fei-online.com\/cocoa-industry-is-anticipated-to-reach-a-valuation-of-us-79-billion-by-2032\/","title":{"rendered":"Cocoa industry is anticipated to reach a valuation of US$ 79 billion by 2032"},"content":{"rendered":"
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Cocoa industry is anticipated to reach a valuation of US$ 79 billion by 2032<\/h1>\/ in E-News<\/a> <\/span><\/span><\/header>\n<\/div><\/section>
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The value of the global cocoa market is\u00a0US$ 48.3 billion<\/strong>\u00a0in 2022, which is projected to reach\u00a0US$ 79 billion<\/strong>\u00a0by 2032-end, increasing at a\u00a0CAGR of 5%<\/strong>\u00a0between 2022 and 2032.<\/h3>\n

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Cocoa is also used at a significant rate in the nutraceutical, pharmaceutical, healthcare, and cosmetics industries as a coloring and flavoring agent. Furthermore, cocoa is utilized for the manufacturing of toiletries due to its excellent flavor and aroma. Thus, increasing use of cocoa across various industry verticals is likely to serve as a noticeable factor propelling the sales opportunities in the cocoa market.<\/p>\n<\/div><\/section>
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The industry of cocoa is showcasing noticeable growth because of the robust growth trajectory of the industry of chocolate confectionery. There is a noteworthy increase in the share of global grindings that has bolstered the consumption of ingredients that are based on cocoa. The development of new products in various food industry sectors is also likely to facilitate growth opportunities for cocoa suppliers.<\/p>\n

Which Type of Cocoa Accounts for High Revenue Generation?<\/strong><\/h4>\n

\u201cCocoa Powder Highly Demanded Due to Huge Popularity of Chocolates\u201d<\/em><\/strong><\/h4>\n

Owing to the rising popularity of chocolate<\/a><\/strong> goods across bakery and confectionery industries, cocoa powder is becoming more popular across the globe. Besides hot chocolate mix and chocolate milk, cocoa powder is used in a lot of food and beverage products. Various eateries use them including new startup establishments, big restaurants, and even home bakers at an increased rate.<\/p>\n

The consumption of cocoa powder is gaining popularity because of the various health benefits that are associated with it. Further, cocoa powder contains some antioxidants and its benefits to the brain and heart have been proven.<\/p>\n

The cosmetic industry is adopting cocoa as the natural ingredient as it helps in the improvement of skin hydration and microcirculation. In the past few years, the increasing demand for industry products across different regions throughout the world is likely to fuel growth opportunities in the market.<\/p>\n

Cocoa Market \u2013 Important Takeaways<\/span><\/b><\/h4>\n