The global cocoa-based polyphenols market size was valued at USD 82.10 billion in 2021. It is projected to reach USD 135.21 billion by 2030, growing at a CAGR of 5.7% during the forecast period (2022–2030). Cocoa contains an abundance of polyphenols and between 6 and 8 percent polyphenols by weight (dry). Cocoa beans and cocoa contain mostly catechins, flavanol glycosides, anthocyanins, and procyanidins as polyphenols. Cocoa and cocoa derivatives, including cocoa liquor, cocoa powder, and chocolates, may have varying polyphenol concentrations and antioxidant capacities. At least 28 human trials have been undertaken to utilize one of these cocoa products.
The bioavailability of cocoa polyphenols is crucial to their biological action. After intake, monomeric flavonoids and dimeric and trimeric procyanidins have been found in human plasma. Numerous studies have been undertaken on the health benefits of cocoa and cocoa products, emphasizing degenerative disorders. Most of the earliest investigations on the health benefits of cocoa polyphenols were in clinical trials on humans. Moreover, the study on the health advantages of cocoa was not restricted to human intervention alone but also included significant in vitro and in vivo research.
Get more information on this report Download Sample Report
Growing Customer Awareness to Drive Market to Aid Growth
Phytochemicals and micronutrients have antioxidant capabilities, and polyphenols are phytochemicals. These items provide various health benefits for preventing cardiovascular illnesses, cancer, diabetes, neurological disorders, aging, and skin-related issues. Polyphenols also have a significant prebiotic effect because they raise the percentage of good bacteria in the gut, which is essential for maintaining overall health, controlling weight, and preventing disease. The market for polyphenols is predicted to expand predominantly in the functional food sector. Growing consumer knowledge of the health advantages associated with polyphenol consumption is anticipated to impact market expansion positively. Consumers choose beverages containing immune-boosting vitamins, minerals, probiotics, and other substances. These beverages usually tout the immune-boosting qualities of substances such as ginger and turmeric to attract consumers.
Massive Market for Chocolate Confections to Boost Market Progress to Drive Market
The rising demand for chocolate confections primarily drives the global market for cocoa and chocolate. Demand for chocolate candies has risen in emerging countries as a result of rising consumer spending on heavy confectionery items, particularly chocolate confectionery. The increasing demand for molded and count line chocolates in developed nations is anticipated to have a favorable impact on the chocolate confectionery market. Adding new varieties, like black and ruby chocolate, to the product lines of the leading manufacturers will encourage industry growth. The rising custom of giving chocolates as gifts during the holiday season is also anticipated to propel the growth of the chocolate confectionery market during the projected period.
Growing Demand for Chocolate Substitutes and Equivalents to Hinder Market Growth to Restrict Market Growth
The rising demand for cocoa component substitutions and ingredient equivalents, such as palm oil, soybean oil, shea butter, and rapeseed oil, among others, may negatively impact the cocoa butter market because these goods are readily available and cost-effective. Utilizing alternatives to cocoa butter improves the fat stability and composition profile of finished chocolate goods. Major market participants, including Olam International, Wilmar International, Cargill Inc., Danisco, and others, are supplying various cocoa butter equivalent blends to satisfy the market's demands, which is also restraining the growth of the cocoa ingredients market.
High Nutritional Content to Spur Market Opportunities to Spur Market Opportunities
Cocoa has recently been shown to be beneficial in the context of dietary supplements due to its high polyphenol content. These benefits can be attributed to recent advances in the sector. Users taking supplements with cocoa-based polyphenols observe benefits such as a reduction in blood pressure and an improvement in insulin sensitivity. This has led to a rise in the demand for cocoa-based polyphenols, used in dietary supplements or foods intended to be nutritious. As functional beverages have a high nutritious content, there has been an increase in the demand for them during the epidemic.
The global cocoa-based polyphenols market is segmented by applications.
Based on applications, the market is divided into functional foods, functional beverages, and dietary supplements.
The functional beverages sector dominates the cocoa-based polyphenols market due to a considerable increase in beverage firms focusing on cardiovascular protection. As they provide consumers with total nutrition and well-being, the expansion of the global industry for functional beverages is a significant market driver. Typically, functional food items are sold at higher prices and offer more significant profit margins than traditional food products, making them appealing to several producers. Functional food has specific health benefits, including immune system enhancement, improved mental energy, enhanced heart health, bone health, cholesterol management, and ophthalmology-related benefits. In addition, the retail pricing of functional food products is typically 30 percent higher than those of traditional foods. For the growing economies of Asia Pacific and Central and South America, prospects in the functional foods industry are anticipated to arise from thriving home markets and expanding the export potential to North America, Europe, and Japan.
The global cocoa-based polyphenols market is divided into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Regional Growth Insights Request Sample Pages
Asia-Pacific dominates the cocoa-based polyphenols market and is attributable to consumers' increased understanding of the health benefits of plant-based foods, which has led to a surge in demand for plant-based foods. This significant component is anticipated to pave the way for cocoa-based polyphenols in value sales in the Asia-Pacific region, particularly in India, China, Australia, and Indonesia, during the forecast period.
European consumers have a growing commercial interest in functional food items, which might be used by both local and regional companies, particularly regional and national producers of ingredients and other food products. This is anticipated to further stimulate the European market for functional foods, contributing to the demand for cocoa-based polyphenols.
In North America, the demand for cocoa-based polyphenols is anticipated to be fueled by the growing number of health-conscious customers choosing dietary supplements and food products high in functional and nutritious elements. In addition, large companies like Sabinsa Corporation and ADM, actively exploring their potential in the functional food products and beverages market, are anticipated to contribute to the cocoa-based polyphenols market in North America over the forecast period.
Despite the emphasis on food's efficacy and safety, functional and health benefit claims must also undergo scientific validation in several Central and South American countries. This has resulted in manufacturers of functional food products, beverages, and nutritional supplements. Long-term expansion of the cocoa-based polyphenols market in Central and South America is therefore projected to be facilitated by the abovementioned variables. As a result of its increasing middle-class population and industrial expansion, the Middle East is becoming a source of high-spending consumers.
The global cocoa-based polyphenols market’s major key players are