Cocoa fiber is a dietary fiber that is used as an ingredient in the food business. Dietary fiber has several health benefits, including lowering the risk of heart disease, colon cancer, and diabetes, as well as treating colonic diseases and enhancing gastrointestinal function. Cleaning, micronization, and hot steam are used to extract cocoa fiber from roasted cocoa husks (sterilization). Cocoa fiber is a substitute for a cocoa powder that improves nutritional value, shelf life, and texture while having minor taste impacts. Cocoa fiber is also employed in a variety of end-use industries such as bread, drinks, cosmetics, medicines, and others.
Cocoa fiber is also utilized in the board and paper industry to produce customized solutions for a variety of sectors. Manufacturers are introducing cocoa-based fiber versions to meet the changing needs of customers, who are concerned about a variety of health issues and have an increased need for healthy and creative products. Companies are also working on increasing production capacity and quickly inventing to provide products that are both healthy and diverse.
Dynamics for Cocoa Fiber Market
Consumer awareness of the multiple health benefits associated with chocolate has increased significantly in recent years, and this trend is expected to continue to drive revenue growth in the worldwide cocoa fiber market over the forecast period. The creation and consumption of bakery items with fewer calories have increased throughout time. Obesity, cardiovascular disease, and other diet-related illnesses are on the rise, thus people are becoming more conscious of low-calorie food ingredients. Furthermore, a lack of fiber is caused by a lack of fruits, legumes, and vegetables. As a result, the fat portion of bakery items has been substituted with cocoa fiber content, which is predicted to boost the market for cocoa fiber.
The rising popularity of chocolates among the younger generation is driving the demand and consumption of cocoa powder. Manufacturers are creating and releasing new and unique varieties of fruits, coated vegetables, nuts, cereals, and other foods, and their popularity is expanding, particularly in industrialized countries. This, in turn, is impacting product preferences in the target market and, to a large extent, driving the market growth for Key market Players.
Key Market Participants in the Cocoa Fiber Market
Some of the prominent market participants identified across the value chain in the cocoa fiber industry include:
- GreenField Natural Ingredients
- Cargill Inc.
- Jindal Cocoa
- Carlyle Cocoa