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Download Free sampleThe global Cocoa Powder market was valued at 3741.22 Million USD in 2021 and will grow with a CAGR of 2.95% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of Cocoa Powder Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Cocoa Powder Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The cocoa tree (Theobroma cacao), grows in the tropics about 20 degrees north and south of the Equator. It can be found in areas of West Africa, Latin America, South Korea and Southeast Asia. You can use the cocoa cake as a raw material to grind and alkalize into various types of cocoa powder. Cocoa powders range from the natural type, and from the light, medium and strongly alkalized types, to ultimately different kinds of red and black colours.Cocoa powder industry is highly mature. Currently, there are many producing companies in the Cocoa powder industry. Of the manufactures, Olam Cocoa, Barry Callebaut and JB Foods Limited captured the top three market share spots in the Cocoa powder market in 2019. Among them, Olam Cocoa dominated the market, which occupied 24.66% global revenue market share in 2019.
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