Global Cocoa Nibs Market: Snapshot
Cacao nibs refer to small pieces of crushed cocoa beans. While nibs are bitter and chocolatey in taste, they are gaining traction owing to plethora of health advantages they offer. Owing to this factor, the global cocoa nibs market is expected to gather promising demand opportunities during the assessment period of 2020 to 2030.
An upcoming research report from TMR on the cocoa nibs market gives comprehensive assessment of key elements impacting overall market growth. Thus, the report covers analysis of growth opportunities, drivers, challenges, and restraints in the market for cocoa nibs. Apart from this, the study delivers reliable insights on competitive landscape and key regions of the market for cocoa nibs for the tenure of 2020 to 2030.
The study performs segmentation of the global cocoa nibs market based on many important parameters such as product, application, and region. Based on product, the market for cocoa nibs is bifurcated into conventional and organic.
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Global Cocoa Nibs Market: Growth Dynamics
Cocoa nibs are gaining traction across worldwide food industry owing to the efforts of food manufacturers to add nutritional values to their products. Cocoa nibs are loaded with healthy fats, fibers, proteins, and antioxidants. Apart from this, they are considered rich source of several minerals including phosphorus, iron, zinc, and magnesium. This aside, cocoa nibs are increasingly used owing to their low sugar levels. On the back of all these advantages of cocoa nibs, they are in high demand among food companies across the globe. This scenario emphasizes promising growth of the cocoa nibs market during assessment period 2020–2030.
Crushed cocoa beans are rich in potent plant compounds, including flavonoid antioxidants, such as epicatechin, procyanidins, and catechin. These flavonoids are known to be helpful in numerous health issues. For instance, flavonoids hold an ability to reduce the possibilities of carcinogenic disorders and cardiovascular diseases. In addition to this, they are useful in controlling the blood sugar levels and help in improving the immune system. Owing to all these health benefits, cocoa nibs are gaining popularity as healthy functional ingredient. As a result, the global cocoa nibs market is estimated to gather lucrative avenues in the forthcoming years.
Global Cocoa Nibs Market: Competitive Analysis
The global cocoa nibs market shows presence of several domestic and international players. Thus, the competitive landscape of the market for cocoa nibs is quite intense. To sustain in this scenario, the market enterprises are executing diverse strategies.
Many players in the global cocoa nibs market are focused on improving the quality of products they offer. Apart from this, several stakeholders are expanding their regional presence. A case in point here is the announcement by Barry Callebaut on November 2, 2020. The firm announced the inauguration of its fourth office in China, at Shenzhen. With this move, Barry Callebaut is aimed at growing its customer base in South China. This scenario highlights the rapid expansion of the global cocoa nibs market during the assessment period 2020–2030.
The list of key players in the global cocoa nibs market includes:
- Cocoa Family Farms
- Barry Callebaut AG
- Navitas Organics
- United Cocoa Processor, Inc.
- Fine Cocoa Products Corporation
- NOW Foods
- Viva Naturals
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Global Cocoa Nibs Market: Regional Assessment
North America, Europe, Central and South America, Asia Pacific, and the Middle East and Africa are some of the key regions for the global cocoa nibs market. Of all regions, North America holds lion’s share of the market for cocoa nibs. The region is expected to show growth at rapid pace during forecast period 2020–2030 owing to presence of large customer base of chocolate in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.