Cocoa grindings are raw cocoa that are grind into cocoa powder and butter for further use by food & beverages and other industries. The process of extracting cocoa power from cocoa beans is called grinding. This grinding process involves fermentation, drying of beans, roasting, crushing, and grinding the cocoa seeds. Cocoa grinding is used by the food & beverage industry as a flavoring agent in bakeries, biscuit factories, soft drinks and other beverages. In addition, cocoa grindings are further used as raw materials in cometic and pharma industry. Cocoa contains flavanol, which can enhance skin beauty and prevent cardio vascular diseases.
Companies covered:
Barry Callebaut, Cocoa Processing Company Limited, Guan Chong, Nestle, Puratos, Indcresa, FUJI OIL, Cémoi, Blommer, ECOM Agroindustrial, Cargill, Hershey, Dutch Cocoa, Olam, Mondelez, JB Foods Limited, Touton, Plot Ghana and Mars.
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COVID-19 Scenario Analysis:
- The pandemic has made limitations in the transport of raw materials from African and other cocoa-producing countries to the factories.
- The demand was high initially as people piled up consumer goods and demanded more products in the value chain of cocoa grindings.
- There will be a rise in demand for cocoa beans after the pandemic as it’s a natural ingredient in many food & beverages and also has health benefits.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The cocoa grinding market has high demand due to the demand for chocolate rising around in every country. The chocolate market has grown considerably in the past few years which has made chocolate manufacturers demand more cocoa grinding products than before. In addition, the rise of the food and beverage industry to new levels of manufacturing different biscuits, cakes, chocolates and beverage drink using cocoa as an ingredient, health benefits from cocoa such as improved blood circulation and reduction in heart diseases are the driving factors of the global cocoa grinding market. Also, the new distribution channel introduced worldwide has made it easier for cocoa-growing countries to export their products without any difficulties. However, cocoa contains cadmium a heavy toxic metal that has made many government regulations for cocoa manufacturing companies to maintain a limit on the content of cadmium which restraints the market growth. Innovations in the industry are related to the new use of cocoa as a raw material in various industries such as pharma, cosmetics, etc.
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The global Cocoa Grindings Market trends are as follows:
New product launches to flourish the market
Manufacturers have been focusing on finding out new and innovative uses of cocoa powder and cocoa butter to widen the industry vertical from food & beverages to other industries like cosmetics and pharmaceuticals. Leading market players have already collaborated with the research team to find out different fermentation processes of cocoa which will give better flavors because of the alteration in yeast that ferments the cocoa beans. Mars Inc. has sought a heath claim from the Food and Drug Administration (FDA) that cocoa in chocolate products reduces cardiovascular diseases their research conducted by a team of experts.
Surge in usage in food, pharma, and cosmetic industry
The new uses of cocoa powder and butter by the food & beverage industry has surged in demand of cocoa grinding market. Food manufacturers have started using cocoa in biscuits, confectionery items, and other functional food items. In addition, the cosmetic industry has started using cocoa butter for skincare products, face creams, lip balms, soaps bars, and lotions which has made cocoa butter an important ingredient for the cosmetic industry. Pharma industry has found cocoa seed can be used to cure infectious intestinal diseases, asthma, bronchitis, and other lung congestion making extended use of cocoa grinding products.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global cocoa grindings industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cocoa grindings market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cocoa grindings market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global cocoa grindings market analysis based on competitive intensity and how the competition will take shape in the coming years.
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