Cocoa Fiber Market

Global Cocoa Fiber Market Size (2024 to 2032)

The Global Cocoa Fiber Market size is expected to be worth US$ 399.43 million in 2024, and it is estimated that it will reach US$ 717.69 million by 2032 with an annual development rate (CAGR) of 7.6% between 2024 and 2032.

Cocoa fiber is a dietary fiber that is used as an additive in the food industry. Dietary fiber has a wide range of effective health applications, such as reducing the risk of colon cancer, heart disease, and diabetes, treating colon diseases, improving gastrointestinal function, and more. Cocoa fibers are obtained from roasted cocoa shells by micronisation, washing and thermal steam. It is also a cocoa fiber that is used in a variety of end uses including bakery, beverage, cosmetic, and pharmaceuticals. Used as a substitute for cocoa powder, cocoa fiber has a miniature effect on flavor and improves nutritional value, shelf life and texture. Cocoa fibers are also used in cardboard and paper manufacturing to create custom solution applications for multiple industries. Manufacturers are launching cocoa-based fiber variants to meet the changing needs of customers in relation to a variety of health concerns and the growing demand for healthy and innovative products. Companies are also focused on rapidly innovating to improve production capacity and provide a healthy and diverse product range.

Recent Developments in Cocoa Fiber Industry

• In January 2020, the Irish-based Healy Group launched PrimaFi Cocoa, a cocoa fiber-based product. This product contains natural and dietary cocoa fiber that replaces 40% of the sugar without disturbing the appetite.

Cocoa Fiber Market Growth

The global cocoa fiber market is driven by increasing applications for production in the confectionery, bakery, cosmetic, nutraceutical, pharmaceutical and animal feed sectors.

REPORT COVERAGE

Drivers

Consumers are very aware of the foods they eat, so they frequently check the ingredient list of foods before making a purchase. This has led to an increase in the use of natural ingredients in food and beverages. Consumers' awareness around the world of the many health benefits associated with chocolate has seen a significant increase in recent years and it is expected to continue to generate revenue in the global cocoa fiber market during the forecast period. Antioxidants prevent aging, keep skin fresh, activate fat burning and have a stimulating effect. Due to this factor, the demand for cocoa fiber will increase in the future. Recent studies proved that cocoa fiber, along with high polyphenols, is also an excellent source for antioxidants compared to others. Different initiatives by local governments in various countries are acting as a growth promoter for the manufacturing of this cocoa fiber. As a result, the fat part of bakery products is expected to be replaced by the cocoa fiber content, increasing the market demand for cocoa fiber. The rise in obesity, cardiovascular disease, and other diet-related illnesses has led to increased awareness of low-calorie food ingredients. The production and consumption of low-calorie bakery products have increased over the years. The high fiber content of chocolate beverages and bakery products is creating a revenue stream for manufacturers in the cocoa fiber market. Therefore, producers are increasing the availability of low-fat cocoa fibers. Cocoa butter, milk chocolate, cocoa powder, cocoa fiber, and dark chocolate are currently in high demand due to their availability, especially in a variety of flavors such as mint, vanilla, and coffee. Additionally, major manufacturers are introducing new varieties of chocolate such as nuts, fruits and cereals, especially in developed countries where consumers are looking for healthier chocolate options. This strategy adopted by leading companies will be a good sign for the global market.

Manufacturers meet consumer demand for dietary fiber that provides their products with excellent moisture and fat retention. This trend eliminates the need for stabilizers and emulsifiers in recipes. The applicability of cocoa fibers is increasing in chocolate bases, cocoa toppings, extruded snacks, fitness bars and fiber-rich spreads. Also, low intake of fruits, legumes, and vegetables results in insufficient fiber intake. Manufacturers are developing and launching new and innovative varieties such as fruits, battered vegetables, nuts, cereals, etc., and the popularity of these varieties is gradually increasing, especially in developed countries. With the growing popularity of chocolate among the younger generation, the demand and consumption of cocoa powder is increasing. The price of cocoa fiber is growing rapidly around the world. Thus, companies in the global cocoa fiber market are taking advantage of this trend to promote cocoa fiber as an affordable and healthy option to enhance the flavor of baked goods. Because cocoa fibers are not chemically processed, consumers are increasing the demand for natural fibers. To achieve the right balance between health and pleasure, bakers are regaining confidence in cocoa fiber and are replacing up to 100% cocoa powder in their confectionery. Thus, the growing popularity of textiles is encouraging companies in the global cocoa fiber market to increase their production capacity. Therefore, the use of fiber requires additional water to maintain the consistency of the final product.

Restraints

Cocoa fiber prices fluctuate strongly due to factors such as uncertain weather conditions, pests, and political instability. The factors mentioned above are expected to affect growers' cocoa production and eventually hamper the supply of cocoa fiber to manufacturers.

Cocoa Fiber Market Segmentation Analysis

By nature, the global cocoa fiber market is segmented as Organic and Traditional.

By type of product, the worldwide market is divided into Natural and Dutch.

By end-use, the global cocoa fiber market is segmented into food and beverage, retail, animal feed, pharmaceuticals, cosmetics and personal care, nutraceuticals, and food services industries. The food and beverage sector is mainly divided into beverage, dairy, bakery and confectionery and others.

By sales channel, the market is segmented into B2C/indirect sales and B2B/direct sales. The B2C indirect sales market is further subdivided into convenience stores, specialty stores, hypermarkets/supermarkets, discount stores, independent grocery stores, and online retailers.

Regional Analysis

Europe is expected to be the most prominent region for the production and consumption of cocoa fiber in the outlook period. As awareness of the health benefits associated with cocoa fiber has increased and the consumption of dietary supplements has increased in the North American market, as a result, the demand for cocoa fiber has increased throughout years. Emerging economies in the Asia Pacific region are entering the cocoa fiber market to increase production capacity and supply due to the problems faced by major cocoa producing countries. The largest number of processed cocoa beans manufacturing is in Asia Pacific, followed by America and Africa, respectively. Increased cocoa bean production offers growth outlook for the global cocoa fiber market. The growing interest in a healthy lifestyle is increasing the demand for cocoa fiber in the developing world. Latin America and MEA are expected to show modest growth in the global cocoa fiber market during the conjecture period.

Key Players in the Market

Major Key Players in the Global Cocoa Fiber Market are

• Healy Group
• Cargill
• United Cocoa Processor
• Archer Daniels Midland Company
• Barry Callebaud
• Euroduna Food Ingredients
• GreenField Natural Ingredients
• Interfiber
• Jindal Cocoa
• Carlyle Cocoa
• Cemoi
• Moner Cocoa