The global Unsweetened Cocoa Powder Market is poised for remarkable growth in the coming years, with projections indicating it will reach US$ 529.2 million by 2029. This represents a significant increase from the US$ 293 million recorded in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% during the period from 2023 to 2029. The market’s growth trajectory takes into account various influencing factors, including economic conditions, the impact of the COVID-19 pandemic, and global geopolitical events like the Russia-Ukraine War.
Unsweetened cocoa powder is derived from roasted cocoa solids without additional processing, making it naturally acidic with a strong flavor and a light reddish-brown color. It is a key ingredient in various food products, especially in the confectionery, bakery, and beverage industries.
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This comprehensive report integrates historical data analysis from 2018 to 2022 with forward-looking forecasts spanning from 2023 to 2029. Its primary objective is to provide readers with a comprehensive understanding of the global Unsweetened Cocoa Powder market from multiple perspectives, enabling informed strategic decisions.
Leading players in the Unsweetened Cocoa Powder industry include:
- Barry Callebaut
- Olam International
- Guan Chong Berhad
- ECOM Coco
- BT Cocoa
- Transmar Group
- JB Foods Limited
Segment by Type:
- Dutched Cocoa Powder
- Natural Cocoa Powder
Segment by Application:
The report highlights regional consumption trends in the following regions:
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Find more details about this report at: https://www.themarketreports.com/report/global-unsweetened-cocoa-powder-market-research-report
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