According to a new report, published by KBV research, The Global Cocoa Derivatives Market size is expected to reach $35.4 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,731.1 kilo tonnes, experiencing a growth of 5.9% (2019-2022).
The Personal Care & Cosmetics segment is experiencing a CAGR of 6.6% during (2023 - 2030). Cocoa derivatives add a luxurious and velvety texture to personal care products, enhancing the sensory experience for consumers. The smooth and creamy feel of cocoa butter, in particular, makes it a sought-after ingredient in formulations. The natural fragrance of cocoa lends a pleasant and comforting aroma to cosmetics and skincare items. This aromatic quality is often harnessed to create indulgent and sensorially appealing products. These factors will lead to increased growth in the segment.
The B2B segment is leading the Global Cocoa Derivatives Market by Distribution Channel in 2022; thereby, achieving a market value of $22.6 billion by 2030. The B2B segment is integral to the cocoa supply chain, especially in the processing phase. Companies involved in cocoa processing and manufacturing cocoa derivatives often use B2B transactions to source raw cocoa materials, ensuring a seamless flow from cocoa-producing regions to end products. Owing to these aspects, the segment will witness a rise in demand in the coming years.
The Cocoa Butter segment is registering a CAGR of 6.4% during (2023 - 2030). The cocoa butter sector has experienced direct development due to the increase in global chocolate consumption, which is a significant consumer of cocoa butter. As consumer preferences for premium and high-quality chocolates persist, manufacturers seek cocoa butter for its unique taste, texture, and melting properties. Therefore, the segment will expand rapidly in the upcoming years.
The Europe region dominated the Global Cocoa Derivatives Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.8 billion by 2030. The North America region is anticipating a CAGR of 5.7% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/cocoa-derivatives-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Olam Group Limited (Temasek Capital), Cargill, Incorporated, JB Foods Limited, The Barry Callebaut Group, Indcre, S.A., Moner Cocoa, S.A., BASF SE, Buhler Group, Mondelez International, Inc., and Nestle S.A.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
