Cocoa Nibs Market Size, Share, Growth Report 2030

Global Cocoa Nibs Market: Overview

Cocoa nibs also referred cacao nibs are crumbled bits of dried cocoa beans. They have a bitter, chocolaty flavor. Even though they are smaller in size, cocoa nibs are filled with impressive amounts of nutrients. These are the least processed cocoa products with substantially low sugar content as compared to other chocolate products making them a healthier substitute for chocolate lovers.

Global Cocoa Nibs Market: Growth Factors

The global cocoa nibs market is growing at a healthy rate. Some of the key factors that are fostering the growth of the global market are growing demand from the food industry to add flavor & nutritional value to the product, rise in preference for organic products, and increase in use of cocoa nibs in household applications particularly in form of chocolates, addition in oatmeal, smoothies & frozen desserts. Further, cocoa nibs consist of antioxidants that can help reduce cell damage in the body thereby preventing diseases like heart diseases, Alzheimer’s disease, and cancer. It also promotes healthy digestion owing to the presence of fiber. Cocoa nibs are also an excellent source of iron, protein, magnesium, and potassium. Also, cocoa nibs can be used instead of chocolate chips in brownie and cookie recipes, blend them into Mexican mole sauces, or eat them on their own as a quick snack. Owing to all such applications and health benefits of cocoa nibs there is a surge in its demand which in turn is fostering the growth of the global cocoa nibs market. In addition to this, the rapidly expanding bakery & confectionery industry is also fueling the growth of the global market. Moreover, the growing demand for chocolates and their products are fostering the growth of the global market. On the other hand, overconsumption of cocoa nibs can lead to obesity, trouble sleeping, jitteriness, and anxiety. This may hamper the growth of the global cocoa nibs market. However, growing awareness and growing popularity of cocoa nibs as a functional ingredient may have several opportunities for the growth of the global cocoa nibs market over the forecast period.

The onset of COVID-19 severely hit the cocoa nibs market. Many governments around the world have put restrictions on businesses to halt the spread of the infection. This resulted in the temporary shutdown of many hotels, restaurants, cafes, and bakeries, which had a direct impact on the demand for cocoa nibs. However, with the growing awareness of the nutritional importance of cocoa nibs, its demand is expected to increase as a functional food during the pandemic period.

Global Cocoa Nibs Market: Segmentation

The global cocoa nibs market is classified based on nature, application, distribution channel, end-use, and region. Based on nature, the global cocoa nibs market is categorized into conventional and organic. The application segment comprises breakfast food, trail mix, frozen desserts, baked food, and others. Business to business and business to consumer are the distribution channels classified under the global market. Based on the end-use, the global market is segregated into retail/household and food processing industries.

Global Cocoa Nibs Market: Regional Analysis

Geographically, North America is anticipated to be the leader in the global cocoa nibs market over the forecast period. The presence of the largest consumer base for chocolates is the prime factor that is fueling the growth of the market in this region. In addition to this, an increase in investment to enhance the production of chocolates and the growing use of cocoa nibs on frozen desserts are also some of the key aspects that are fostering the growth of the market in North America. On the other hand, Asia Pacific is expected to show a faster growth rate and contribute a significant share in terms of revenue to the market. This is attributed to an increase in demand for chocolate & its products, change in lifestyle & eating habits, and growing purchasing power.

Global Cocoa Nibs Market: Competitive Players

Barry Callebaut AG, Fine Cocoa Products Corporation, Navitas Organics, United Cocoa Processor, Inc., Cocoa Family Farms, BMV International, Urban Platter, NOW Foods, Viva Naturals, and Sunfood are some of the key manufacturers operating in the global cocoa nibs market.

Global Cocoa Nibs Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.