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Global Cocoa Fiber Market By Nature (Organic and Conventional), By Product Type (Natural and Dutch), By End-Use (Pharmaceuticals, Food & Beverages Industry, Animal Feed, Nutraceuticals, Retail, Cosmetics & Personal Care, and Foodservice), By Sales Channel (Indirect Sales/B2C and Direct Sales/B2B) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 10045
Pages: 175
Formats: report pdf report excel report power bi report ppt

Cocoa Fiber Market Size, Growth, Forecast (2023-2028)

The Global Cocoa Fiber Market size was worth US$ 345 million in 2022, and it is estimated that it will reach US$ 747 million by 2028 with an annual development rate (CAGR) of 7.6% between 2023 and 2028.

Cocoa Fiber Market

Market Overview:

Cocoa fiber is a dietary fiber that is used as an additive in the food industry. Dietary fiber has a wide range of effective health applications, such as reducing the risk of colon cancer, heart disease, and diabetes, treating colon diseases, improving gastrointestinal function, and more. Cocoa fibers are obtained from roasted cocoa shells by micronisation, washing and thermal steam. It is also a cocoa fiber that is used in a variety of end uses including bakery, beverage, cosmetic, and pharmaceuticals. Used as a substitute for cocoa powder, cocoa fiber has a miniature effect on flavor and improves nutritional value, shelf life and texture. Cocoa fibers are also used in cardboard and paper manufacturing to create custom solution applications for multiple industries. Manufacturers are launching cocoa-based fiber variants to meet the changing needs of customers in relation to a variety of health concerns and the growing demand for healthy and innovative products. Companies are also focused on rapidly innovating to improve production capacity and provide a healthy and diverse product range.

Recent Developments in Cocoa Fiber Industry:

  • In January 2020, the Irish-based Healy Group launched PrimaFi Cocoa, a cocoa fiber-based product. This product contains natural and dietary cocoa fiber that replaces 40% of the sugar without disturbing the appetite.

Cocoa Fiber Market Growth:

The global cocoa fiber market is driven by increasing applications for production in the confectionery, bakery, cosmetic, nutraceutical, pharmaceutical and animal feed sectors.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

7.6%

Segments Covered

By Nature, Product Type, End-Use, Sales Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Healy Group, Cargill, United Cocoa Processor, Archer Daniels Midland Company, Barry Callebaud, Euroduna Food Ingredients, GreenField Natural Ingredients, Interfiber, Jindal Cocoa, Carlyle Cocoa, Cemoi, Moner Cocoa and Others.

Drivers:

Consumers are very aware of the foods they eat, so they frequently check the ingredient list of foods before making a purchase. This has led to an increase in the use of natural ingredients in food and beverages. Consumers' awareness around the world of the many health benefits associated with chocolate has seen a significant increase in recent years and it is expected to continue to generate revenue in the global cocoa fiber market during the forecast period. Antioxidants prevent aging, keep skin fresh, activate fat burning and have a stimulating effect. Due to this factor, the demand for cocoa fiber will increase in the future. Recent studies proved that cocoa fiber, along with high polyphenols, is also an excellent source for antioxidants compared to others. Different initiatives by local governments in various countries are acting as a growth promoter for the manufacturing of this cocoa fiber. As a result, the fat part of bakery products is expected to be replaced by the cocoa fiber content, increasing the market demand for cocoa fiber. The rise in obesity, cardiovascular disease, and other diet-related illnesses has led to increased awareness of low-calorie food ingredients. The production and consumption of low-calorie bakery products have increased over the years. The high fiber content of chocolate beverages and bakery products is creating a revenue stream for manufacturers in the cocoa fiber market. Therefore, producers are increasing the availability of low-fat cocoa fibers. Cocoa butter, milk chocolate, cocoa powder, cocoa fiber, and dark chocolate are currently in high demand due to their availability, especially in a variety of flavors such as mint, vanilla, and coffee. Additionally, major manufacturers are introducing new varieties of chocolate such as nuts, fruits and cereals, especially in developed countries where consumers are looking for healthier chocolate options. This strategy adopted by leading companies will be a good sign for the global market.

Manufacturers meet consumer demand for dietary fiber that provides their products with excellent moisture and fat retention. This trend eliminates the need for stabilizers and emulsifiers in recipes. The applicability of cocoa fibers is increasing in chocolate bases, cocoa toppings, extruded snacks, fitness bars and fiber-rich spreads. Also, low intake of fruits, legumes, and vegetables results in insufficient fiber intake. Manufacturers are developing and launching new and innovative varieties such as fruits, battered vegetables, nuts, cereals, etc., and the popularity of these varieties is gradually increasing, especially in developed countries. With the growing popularity of chocolate among the younger generation, the demand and consumption of cocoa powder is increasing. The price of cocoa fiber is growing rapidly around the world. Thus, companies in the global cocoa fiber market are taking advantage of this trend to promote cocoa fiber as an affordable and healthy option to enhance the flavor of baked goods. Because cocoa fibers are not chemically processed, consumers are increasing the demand for natural fibers. To achieve the right balance between health and pleasure, bakers are regaining confidence in cocoa fiber and are replacing up to 100% cocoa powder in their confectionery. Thus, the growing popularity of textiles is encouraging companies in the global cocoa fiber market to increase their production capacity. Therefore, the use of fiber requires additional water to maintain the consistency of the final product.

Restraints:

Cocoa fiber prices fluctuate strongly due to factors such as uncertain weather conditions, pests, and political instability. The factors mentioned above are expected to affect growers' cocoa production and eventually hamper the supply of cocoa fiber to manufacturers.

Impact of COVID 19 on the Cocoa Fiber Market:

The global crisis caused by COVID-19 has significantly changed the dynamics of the cocoa fiber market. As a result, governments around the world have put in place lockdowns to prevent the spread of the new coronavirus. This factor has had an important impact on the demand for cocoa fiber. The consumption of cocoa fiber-based products has decreased significantly due to quarantine notices in several countries, including France, Italy, Spain and the United Kingdom, and is expected to affect the demand for cocoa fiber in the processing industry. The closures imposed to reduce the spread of COVID-19 have also worsened the multiplayer network (supply chain). The uncertainty stemming from the COVID-19 outbreak has hampered the import and export of cocoa fiber due to international border closures.

Cocoa Fiber Market Segmentation Analysis:

By nature, the global cocoa fiber market is segmented as Organic and Traditional.

By type of product, the worldwide market is divided into Natural and Dutch.

By end-use, the global cocoa fiber market is segmented into food and beverage, retail, animal feed, pharmaceuticals, cosmetics and personal care, nutraceuticals, and food services industries. The food and beverage sector is mainly divided into beverage, dairy, bakery and confectionery and others.

By sales channel, the market is segmented into B2C/indirect sales and B2B/direct sales. The B2C indirect sales market is further subdivided into convenience stores, specialty stores, hypermarkets/supermarkets, discount stores, independent grocery stores, and online retailers.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Europe is expected to be the most prominent region for the production and consumption of cocoa fiber in the outlook period. As awareness of the health benefits associated with cocoa fiber has increased and the consumption of dietary supplements has increased in the North American market, as a result, the demand for cocoa fiber has increased throughout years. Emerging economies in the Asia Pacific region are entering the cocoa fiber market to increase production capacity and supply due to the problems faced by major cocoa producing countries. The largest number of processed cocoa beans manufacturing is in Asia Pacific, followed by America and Africa, respectively. Increased cocoa bean production offers growth outlook for the global cocoa fiber market. The growing interest in a healthy lifestyle is increasing the demand for cocoa fiber in the developing world. Latin America and MEA are expected to show modest growth in the global cocoa fiber market during the conjecture period.

Key Players in the Market:

Major Key Players in the Global Cocoa Fiber Market are

  • Healy Group
  • Cargill
  • United Cocoa Processor
  • Archer Daniels Midland Company
  • Barry Callebaud
  • Euroduna Food Ingredients
  • GreenField Natural Ingredients
  • Interfiber
  • Jindal Cocoa
  • Carlyle Cocoa
  • Cemoi
  • Moner Cocoa

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FAQ's

What can be the size of the global Cocoa Fiber Market by 2028?

By 2028, it is predicted that the global Cocoa Fiber market can reach a valuation of US$ 747 million.

What can be the compound annual growth rate of the global Cocoa Fiber market?

The Global Cocoa Fiber market can expand with a CAGR of 7.6% during the forecast period.

Mention the major Key Players in the Global Cocoa Fiber Market?

Healy Group, Cargill, United Cocoa Processor, Archer Daniels Midland Company, Barry Callebaud, Euroduna Food Ingredients, GreenField Natural Ingredients, Interfiber, Jindal Cocoa and Others.

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