The Latin America, Middle East and Africa Alkalized Cocoa Powder Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 74,833.5 Tonnes, showcasing a growth of 7.2% (2023-2030).
Alkalized cocoa powder has a longer shelf life than its natural counterpart. Alkalization effectively reduces moisture content and microbial activity in cocoa powder, increasing product stability and less waste. This makes it a preferred choice for manufacturers wanting to extend the shelf life of their cocoa-infused items. It offers the advantage of customization to manufacturers. By adjusting alkalization levels, they can achieve specific flavour and colour profiles in their products.
The continuous expansion of the food and beverage industry plays a vital role in driving the demand for cocoa powder, including alkalized varieties. As the industry diversifies and consumers seek new culinary experiences, cocoa powder remains a crucial ingredient in various products, ranging from baked goods to savoury dishes. Its versatility is a driving force behind its popularity in the food and beverage industry. This ingredient transcends the boundaries of confectionery, finding application in an extensive range of culinary creations.
The LAMEA region encompasses various countries with varying climates and cultures. This diversity presents opportunities for the cultivation and production of cocoa, cocoa beans, and cocoa-based products. Some countries in Latin America, such as Brazil, Ecuador, and Colombia, are known for cocoa production. The region has high-quality cocoa beans, a vital raw material for this product. The LAMEA region has a growing chocolate and confectionery industry. These aspects will aid in the expansion of the market in the coming years.
The Brazil market dominated the LAMEA Alkalized Cocoa Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $67.9 million by 2030. The Argentina market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.8% during (2023 - 2030).
Based on Source, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Food & Beverages (Bakery & Confectionery, Beverages, Spreads, Dairy Products, Syrup, and Others), Cosmetics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Alkalized Cocoa Powder Market is Projected to reach USD 3 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Barry Callebaut Group, Olam Group Limited (Temasek Capital), INDCRE, S.A., ECOM Agroindustrial Corp. Limited, JB Foods Limited, Cargill, Incorporated, Ciranda, Inc., Moner Cocoa, S.A., Bunge Limited, and Archer Daniels Midland Company.
By Source (Volume, Tonnes, USD Billion, 2019 to 2030)
By Application (Volume, Tonnes, USD Billion, 2019 to 2030)
By Country(Volume, Tonnes, USD Billion, 2019 to 2030)
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