Global Cocoa Nibs Market: Snapshot
Cacao nibs refer to small pieces of crushed cocoa beans. While nibs are bitter and chocolatey in taste, they are gaining traction owing to plethora of health advantages they offer. Owing to this factor, the global cocoa nibs market is expected to gather promising demand opportunities during the assessment perioRequest Brochure@d of 2020 to 2030.
An upcoming research report from TMR on the cocoa nibs market gives comprehensive assessment of key elements impacting overall market growth. Thus, the report covers analysis of growth opportunities, drivers, challenges, and restraints in the market for cocoa nibs. Apart from this, the study delivers reliable insights on competitive landscape and key regions of the market for cocoa nibs for the tenure of 2020 to 2030.
The study performs segmentation of the global cocoa nibs market based on many important parameters such as product, application, and region. Based on product, the market for cocoa nibs is bifurcated into conventional and organic.
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Global Cocoa Nibs Market: Growth Dynamics
Cocoa nibs are gaining traction across worldwide food industry owing to the efforts of food manufacturers to add nutritional values to their products. Cocoa nibs are loaded with healthy fats, fibers, proteins, and antioxidants. Apart from this, they are considered rich source of several minerals including phosphorus, iron, zinc, and magnesium. This aside, cocoa nibs are increasingly used owing to their low sugar levels. On the back of all these advantages of cocoa nibs, they are in high demand among food companies across the globe. This scenario emphasizes promising growth of the cocoa nibs market during assessment period 2020–2030.
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Crushed cocoa beans are rich in potent plant compounds, including flavonoid antioxidants, such as epicatechin, procyanidins, and catechin. These flavonoids are known to be helpful in numerous health issues. For instance, flavonoids hold an ability to reduce the possibilities of carcinogenic disorders and cardiovascular diseases. In addition to this, they are useful in controlling the blood sugar levels and help in improving the immune system. Owing to all these health benefits, cocoa nibs are gaining popularity as healthy functional ingredient. As a result, the global cocoa nibs market is estimated to gather lucrative avenues in the forthcoming years.
Global Cocoa Nibs Market: Competitive Analysis
The global cocoa nibs market shows presence of several domestic and international players. Thus, the competitive landscape of the market for cocoa nibs is quite intense. To sustain in this scenario, the market enterprises are executing diverse strategies.
Many players in the global cocoa nibs market are focused on improving the quality of products they offer. Apart from this, several stakeholders are expanding their regional presence. A case in point here is the announcement by Barry Callebaut on November 2, 2020. The firm announced the inauguration of its fourth office in China, at Shenzhen. With this move, Barry Callebaut is aimed at growing its customer base in South China. This scenario highlights the rapid expansion of the global cocoa nibs market during the assessment period 2020–2030.
The list of key players in the global cocoa nibs market includes:
- Cocoa Family Farms
- Barry Callebaut AG
- Navitas Organics
- United Cocoa Processor, Inc.
- Fine Cocoa Products Corporation
- NOW Foods
- Viva Naturals
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Global Cocoa Nibs Market: Regional Assessment
North America, Europe, Central and South America, Asia Pacific, and the Middle East and Africa are some of the key regions for the global cocoa nibs market. Of all regions, North America holds lion’s share of the market for cocoa nibs. The region is expected to show growth at rapid pace during forecast period 2020–2030 owing to presence of large customer base of chocolate in the region.