Cocoa Nibs Market to Garner Revenue of $1.99 Billion By 2027 “The global cocoa nibs market size is projected to reach USD 1.99 billion by 2027 and is registering a 7.9% CAGR over the forecast period from 2020 to 2027. Increasing usage of cocoa nibs in the food & beverage industry due to its chocolaty and nutty flavor along with its nutritional properties is expected to drive the market growth during the forecast period.”
The Global Cocoa Nibs Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Cocoa Nibs Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Cocoa Nibs Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Cocoa Nibs Market based on current & future analysis depending on historic data also featured in this Report. The global cocoa nibs market size is projected to reach USD 1.99 billion by 2027 and is registering a 7.9% CAGR over the forecast period from 2020 to 2027. Increasing usage of cocoa nibs in the food & beverage industry due to its chocolaty and nutty flavor along with its nutritional properties is expected to drive the market growth during the forecast period. In addition, rising application of these nibs in frozen desserts & beverages like coffees and smoothies is opening new avenues for market growth. Moreover, growing adoption of cocoa nibs in crushed form for bakery, dessert and confectionery is projected to surge the market growth over the forecast period. Rising awareness regarding the health benefits of this product is also playing a vital role in boosting the product demand. The household segment is projected to grow with the highest CAGR of 8.1% during the forecast period, from 2020 to 2027. Rich and nutritious flavored products is gaining traction among consumers. Therefore, consumers are widely using cocoa nibs in making flavored milk, smoothies, cakes and also consume like snacks.
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