GITNUX MARKETDATA REPORT 2024

Cacao Powder Consumption Statistics

Cacao powder consumption has been steadily increasing over the years as more people become aware of its health benefits and versatility in various food products.

Last Updated: June 20, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the latest statistics and trends surrounding cacao powder consumption on a global scale. From market sizes and growth projections to regional consumption patterns and health benefits, the data paints a comprehensive picture of the cocoa industry’s landscape. Join us as we delve into the numbers that shape the world of cacao powder.

Statistic 1

"The global cocoa powder market size was valued at USD 2.1 billion in 2018."

Statistic 2

"The CAGR of the cocoa powder market is projected to increase by 2.8% from 2019 to 2025."

Statistic 3

"The consumption of cocoa in Europe was around 1.35 million metric tons in 2019/2020."

Statistic 4

"The U.S consumed approximately 652,000 metric tons of cocoa in 2019/2020."

Statistic 5

"Asia Pacific region is expected to exhibit fastest growth rate in cocoa powder consumption with CAGR of 3.2% from 2019 to 2025."

Statistic 6

"Bioactive compounds present in cocoa powder & its products have been seen to reduce bad cholesterol (LDL) by 5 to 10%."

Statistic 7

"The global cocoa powder market is highly concentrated, with three players accounting for 40% share of the market."

Statistic 8

"Global cocoa powder consumption volume is expected to reach 435,000 tonnes by end of the 2026."

Statistic 9

"North America holds 18% of the global cocoa powder market share in 2018."

Statistic 10

"Natural cocoa powder segment is anticipated to be valued at US$ 2,062 Mn by 2026 end."

Statistic 11

"29% of processed cocoa products are cocoa powder globally."

Statistic 12

"37.8% of global cocoa powder consumption is allocated to the confectionery sector."

Statistic 13

"Over 4 million tonnes of cocoa are consumed annually worldwide."

Statistic 14

"Developed regions consume ten times more cocoa per capita compared to developing countries."

Statistic 15

"Confectionery industry accounted for more than 55% of the cocoa powder market share in 2018."

Statistic 16

"Over 90% of the world's cocoa is grown on small, family-run farms."

Statistic 17

"Nearly 70% of the world’s cocoa is grown in West Africa."

Statistic 18

"By 2026, the global cocoa market is expected to reach $67.22 billion."

The statistics presented highlight the significant and dynamic nature of the global cocoa powder market, with projections indicating steady growth in consumption and market value. Key trends include the increasing demand in regions such as Asia Pacific, the proven health benefits of cocoa powder bioactive compounds, and the dominance of top players in the market. The statistics also shed light on the distribution of consumption across different sectors and regions, emphasizing the importance of the cocoa industry in both developed and developing countries. As the market is expected to expand further in the coming years, understanding these statistics is crucial for stakeholders looking to capitalize on opportunities within the cocoa powder industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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