Sustainable Growth Opportunities in the Cocoa and Chocolate Market

According to a research report "Cocoa and Chocolate Market by Type (Dark Chocolate, Milk Chocolate, Filled Chocolate, White Chocolate), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Nature (Conventional, Organic), Distribution and Region - Global Forecast to 2027" published by MarketsandMarkets, the global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226179290

With the growing awareness about health, an increasing number of consumers are prioritizing their health and following specific diets with specific needs. This propels the demand for dark chocolate with high cocoa and less sugar. Cocoa is the major raw material required to manufacture chocolate. The slightest turbulence in the cocoa market would lead to price fluctuations. According to the International Cocoa Organization, the world’s largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions Therefore, measures such as implementation of National Cocoa Development Plan (NCDP) in the member countries of ICCO are being undertaken to improve the production of cocoa. Initiatives like these gives a promising outlook towards fulfilling the rising demand for cocoa globally. The cocoa & chocolate market players are showing trends of pursuing both organic as well as inorganic strategies for their expansion, consolidation, and sustainability in the market. Developments and new product launches in chocolate and rise in the use of cocoa for cosmetics and pharmaceuticals are driving the market and is leading to an increased demand for cocoa.

High Raw Material Prices

Chocolate prices are highly dependent on raw materials. Cocoa and sugar are the most important raw materials in chocolate manufacturing and constitute over 80% of the raw material cost for chocolate production. Hence, the rising cost of raw material will impact the market for chocolate. According to the International Cocoa Organization, the world largest supplier of cocoa is Africa, which accounts for 72% of the global production of cocoa. Ivory Coast and Ghana are the major countries producing cocoa, but these countries are also facing certain issues such as fair trade discrepancies, environmental issues, spells of government unrest, and reducing labor force as more population is leaving farming as an occupation and opting other professions.

Seasonal and Festive-related Sales

Chocolate is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valentine’s Day in American and European countries, a trend which is now adopted in some Asian countries such as India, China, and Japan. Chocolate sales shoot up during festive seasons. Keeping this seasonal effect of sales in mind, companies trying to venture into developing economies, such as India and China, are focusing on specialty products for traditional festivals such as the Chinese New Year, Raksha Bandhan, and Diwali in India.

Currently, the seasonal and festive sales of chocolate products highly impact the market as a large portion of chocolate products are consumed in this segment. Depending on the situation, they are produced in a variety of shapes, sizes, colors, and product materials. Thus, this high demand for chocolates and its products during festivals would enhance the market for cocoa and chocolate.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=226179290

North America dominated the Cocoa and chocolate market, and is projected to grow with a CAGR of 4.43% during the forecast period (2022 - 2027)

The key players in the North American Cocoa and chocolate market include Mondelez international (US), Blommer chocolate (US), Hershey (US) and Mars Inc. (US). The rising demand for chocolate in North America enhances the growth of cocoa simultaneously in the region as it is the key raw material used in the production of chocolate. Moreover, the increasing demand for chocolate among consumers triggers the demand for cocoa butter as it provides the chocolate with its melt-in-the-mouth texture.

The U.S. accounted for the highest chocolate consumption and production in the North American region. In Canada, chocolate is becoming more expensive due to the rising cost of raw materials, particularly sugar but the rising popularity of giving chocolates as gifts, Canada is likely to see a significant increase in the acceptability of pricey chocolates in the upcoming years. The Mexican chocolate market is expanding as a result of rising disposable income, booming foreign investment, and an increase in annual chocolate events like the Mexico Chocolate Expo.

Lecithin & Phospholipids Market to Showcase Continued Growth in the Coming Years

According to MarketsandMarkets "Lecithin & Phospholipids Market by Source (Soy, Sunflower, Rapeseed, Egg), Type (Fluid, De-Oiled, Modified), Application (Feed, Food (Confectionery Products, Convenience Food, Baked Goods) Industrial, Healthcare), Nature & Region - Global Forecast to 2027", the Lecithin & phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. The market is driven by shifting consumer preferences to the natural and healthy food products. Moreover, it has also witnessed that the increasing vegan and flexitarian population across the globe is promoting the plant-based and natural ingredients in food products. These consumer trends are anticipated to fuel the demand for Lecithin & phospholipids in the global market over foreseeable future.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259514839

Drivers: Growing demand for natural food additives and increasing consumers awareness about clean-label products

Increase in consumer awareness about the ill effects of the consumption of chemical ingredients and the presence of natural or organic ingredients as alternatives in the market drive the demand for natural fruit & vegetable additives. “Additive-free” and “natural” have become part of a consumer’s checklist while buying food & beverage products.

Ingredient labelling has become mandatory in developed economies such as the US and EU countries due to the rising consumer awareness. Consumers look for natural ingredients and products that taste good and have fewer calories. Although artificial or non-organic ingredients have found approval among consumers and have gained a significant market presence, there is a need to replace these artificial ingredients with natural alternatives.

The demand for natural food additives is increasing, owing to which manufacturers are launching various products with natural ingredients that can provide an advantage to drive consumption. As lecithin, a type of food emulsifier, is of natural origin, it is poised to witness an increase in adoption by the industry, thereby driving its market growth.

By application, feed is the largest segment in lecithin market in 2021.

The feed segment is estimated to dominate the lecithin market in 2022. This segment is estimated to be the largest, and this trend is expected to continue through the forecast period owing to factors such as a shift in preference to protein-rich diets in emerging economies such as China and increasing demand for soy lecithin in the feed segment. Moreover, fluid lecithin works as a milk replacer where the feed is administered in liquid form to the animals.

By nature, GMO is the largest segment in lecithin market in 2021.

The GMO segment is estimated to dominate the lecithin market in 2022. GM oilseeds such as soybean, sunflower, and rapeseed are used for extracting lecithin, a natural emulsifier utilized in various industries. Today, 90% of commercially available lecithin is extracted from soy and sunflower. Lecithin has a dual function in food as an emulsifier and healthy ingredient. Because of its lipid-friendly and hydrophilic properties, lecithin is used in many foods and other areas of the industry.

Make an Inquiry @
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=259514839

By region, Asia Pacific is projected to grow at the highest CAGR during the forecast period.

Asia Pacific accounted for 33.9% of the lecithin market in 2021. In the Asia Pacific region, lecithin is gaining popularity due to busy lifestyles, urging consumers to opt for on-the-go and RTE products. The demand for lecithin is expected to increase in the coming years due to the growing population and increasing per-capita income of consumers, based on a World Bank report. Moreover, export opportunities of non-GMO lecithin from countries such as India to the European market are expected to drive the lecithin market in the region.

Key Market Players:

Key players in this market include Cargill (US), ADM (US), DuPont (US), IMCD Group B.V. (US), Bunge Limited (US), STERN-WYWIOL GRUPPE (Germany), Wilmar International Ltd. (Singapore), Sonic Biochem (India), Avril Group (France), American Lecithin Company (US).

Aquafeed Market to Showcase Continued Growth in the Coming Years

 The aquafeed market size is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market is primarily driven by the increasing seafood trade, growth in aquaculture production, and rising seafood consumption among consumers due to the increasing need for protein-rich diets. Aquafeed comprises one or more artificial and/or natural feedstuffs in the form of pellets or extruded bits for commercial fish, crustaceans, and mollusks. The growth in the global consumption of aquafeed has continued to be significant due to the growing aquaculture industry. Global aquaculture production has grown rapidly during the past decades, contributing significant quantities to the world’s fish and seaweed supply for human and animal consumption. Aquaculture is an important part of the economic development of many countries and has been received positively by several governments seeking to boost their countries’ economic performance; many policies have been the introduction of policies in support of the sector.

The aquafeed market has been experiencing steady growth over the years due to the increasing demand for seafood products and the growth of the aquaculture industry. Aquafeed refers to the food that is given to aquatic animals such as fish, crustaceans, and mollusks in order to promote their growth and development.

The market is expected to continue growing in the coming years due to factors such as the rising global population, increasing disposable incomes, and changing dietary preferences towards seafood products. Additionally, the aquaculture industry is expected to continue growing as wild fish populations decline and demand for seafood products increases.

The aquafeed market is segmented by ingredient, form, and application. The main ingredients used in aquafeed include fishmeal, soybean, corn, wheat, and others. The form of aquafeed can be either pellets or extruded, while the application can be either commercial or household use.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market for aquafeed, due to the high consumption of seafood products in the region and the significant growth of the aquaculture industry in countries such as China and India.

The major players in the aquafeed market include Cargill, Incorporated, Archer Daniels Midland Company, Nutreco N.V., Ridley Corporation Limited, and Alltech Inc., among others. These companies are focusing on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

In conclusion, the aquafeed market is expected to continue growing due to the increasing demand for seafood products and the growth of the aquaculture industry. The market is segmented by ingredient, form, and application, and geographically, Asia Pacific is the largest market for aquafeed. The major players in the market are focused on research and development to improve the quality of aquafeed and meet the changing demands of consumers.

Liquid Fertilizers Market: Growth Opportunities and Recent Developments

The global liquid fertilizers market size is projected to reach USD 3.0 billion by 2025, recording a CAGR of 4.4%. The increase in demand for enhanced high-efficiency fertilizers, ease of use and application of liquid fertilizers, and adoption of precision farming and protected agriculture are some of the factors that are projected to drive the growth of the market. 

The liquid fertilizers market is expected to experience significant growth in the coming years. Liquid fertilizers are increasingly being adopted by farmers and gardeners due to their ease of application and efficiency in delivering nutrients to plants. Liquid fertilizers are also more environmentally friendly than traditional solid fertilizers as they are less likely to leach into groundwater and can be applied with precision to minimize waste.

The market is expected to be driven by the increasing demand for high-quality food products and the need for sustainable agriculture practices. The use of liquid fertilizers can improve crop yields, which is crucial for meeting the growing global demand for food. The increasing popularity of organic farming and the demand for environmentally friendly products are also expected to drive the growth of the market.

The Asia-Pacific region is expected to be the fastest-growing market for liquid fertilizers due to the increasing demand for food products in the region. The region is also home to some of the largest agricultural economies in the world, such as China and India, which are expected to drive the growth of the market.

Key players in this market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), and EuroChem Group (Switzerland). These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities, along with strong distribution networks across these regions.

Rodenticides Market to Showcase Continued Growth in the Coming Years

The global Rodenticides Market is predicted to experience a 5.8% compound annual growth rate, leading to a revenue surpassing USD 7.1 billion by 2027. This thriving industry, valued at USD 5.4 billion in 2022, is on a path of substantial growth.

The rising concern for environmental pollution and public health hazards posed by vector-borne diseases is fueling the global demand for rodent control services. The growing population, coupled with the overexploitation and degradation of limited resources, is contributing to the degradation of the ecosystem, leading to global warming and temperature rise. These factors, in turn, are indirectly strengthening pests' ability to survive in different seasons, as evidenced by the migration of tropical pests away from the equatorial region due to global warming.

The global rodenticides market can be analyzed regionally to gain a better understanding of its dynamics and growth potential in different areas. Here is a regional analysis of the rodenticides market:

North America: The North American region is a significant market for rodenticides, driven by factors such as an increase in urbanization and a rise in rodent infestation. The United States is the leading country in the region due to its large agricultural and industrial sectors, where the use of rodenticides is high. The market is expected to grow steadily in this region, driven by increasing demand for pest control in both residential and commercial settings.

Europe: The European rodenticides market is primarily driven by stringent regulations and laws that govern the use of rodenticides in the region. The United Kingdom, Germany, and France are some of the leading countries in this market. Increasing awareness of public health and hygiene, combined with a rise in rodent infestation, is expected to drive the growth of the rodenticides market in Europe.

Asia-Pacific: The Asia-Pacific region is expected to witness the fastest growth in the rodenticides market. The increasing demand for food, coupled with a rise in rodent infestation in agriculture and industrial sectors, is expected to drive the growth of the market in this region. China, India, and Japan are some of the leading countries in this market.

Latin America: The Latin American rodenticides market is primarily driven by the agriculture and food processing sectors. Brazil, Mexico, and Argentina are some of the leading countries in this market. The growth of the market is expected to be driven by increasing demand for food, combined with a rise in rodent infestation in the agriculture sector.

Middle East and Africa: The Middle East and Africa rodenticides market are primarily driven by the increasing demand for pest control in residential and commercial settings. The market is expected to witness steady growth in this region due to increasing urbanization and a rise in rodent infestation.

In summary, the rodenticides market is expected to grow steadily across all regions due to increasing demand for pest control in residential, commercial, and industrial sectors, combined with a rise in rodent infestation. However, the growth rate may vary in different regions due to regional factors such as regulations, economic growth, and industrialization.

For more Information @ https://www.prnewswire.com/news-releases/rodenticides-market-worth-7-1-billion-by-2027--exclusive-report-by-marketsandmarkets-301545935.html

Dietary Supplements Market to Showcase Continued Growth in the Coming Years

The global dietary supplements market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022. The growth of the global market is estimated to be driven by the increasing health awareness among consumers. Dietary supplements are a growing application of nutraceutical products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition. The dietary supplements market is driven by various factors, including increasing consumer awareness about health and wellness, rising demand for natural and organic products, and the growing prevalence of lifestyle diseases.

One of the main drivers of the dietary supplements market is the increasing consumer focus on health and wellness. Consumers are becoming more health-conscious and are looking for ways to improve their overall health and well-being. This has led to a growing demand for dietary supplements that can provide additional nutrients, vitamins, and minerals that may be lacking in their regular diet.

Another factor driving the dietary supplements market is the rising demand for natural and organic products. Many consumers are concerned about the potential side effects of synthetic drugs and are turning to natural alternatives. This has led to a growing demand for dietary supplements made from natural and organic ingredients.

The growing prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular diseases is also driving the dietary supplements market. Many consumers are turning to dietary supplements as a way to prevent or manage these diseases, as they can help to support healthy blood sugar levels, reduce inflammation, and support healthy cholesterol levels.

Finally, the aging population is also a significant driver of the dietary supplements market. As people age, their nutrient requirements change, and they may need additional nutrients, such as calcium and vitamin D, to maintain their health. This has led to a growing demand for dietary supplements that can provide these nutrients in an easy-to-consume format.

The key players in this market include Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Natures Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Modified Starch Market Will Hit Big Revenues In Future

As the global population continues to grow, so does the demand for food products. This trend has resulted in the growth of the modified starch market, which has become an essential ingredient in the food industry. Modified starches are starch derivatives that have been chemically or physically modified to improve their functional properties. These modifications can improve properties such as viscosity, stability, texture, and flavor.

The modified starch market is expected to experience significant growth in the coming years due to the increasing demand for convenience food and the growing awareness of the health benefits of modified starches. The food industry is the primary end-user of modified starches, with applications in various food products such as bakery, dairy, meat, and confectionery.

In this article, we will explore the growth opportunities in the modified starch market, including its current state, trends, challenges, and future prospects.

Market Overview:

The modified starch market is segmented into various types such as cationic starch, acid-modified starch, oxidized starch, and others. The food industry is the primary end-user of modified starches, accounting for more than 50% of the global demand.

The Asia Pacific region is the largest consumer of modified starches, followed by North America and Europe. The region's growth can be attributed to the high population density and the increasing demand for convenience food products.

Trends:

One of the significant trends in the modified starch market is the shift towards natural and clean label ingredients. Consumers are becoming increasingly health-conscious, and they prefer food products made with natural ingredients. This trend has led to the development of modified starches from natural sources such as potato, corn, and tapioca starch.

Another trend in the modified starch market is the development of modified starches with specific properties that can cater to the different needs of the food industry. For example, modified starches with a low glycemic index can be used in products for diabetic patients, while modified starches with high viscosity can be used in products such as sauces and gravies.

Challenges:

The modified starch market faces several challenges, including the volatility of raw material prices, the high cost of production, and the stringent regulations governing the use of modified starches in food products. The high cost of production can be attributed to the complex process involved in modifying starches.

Future Prospects:

The modified starch market is expected to experience significant growth in the coming years, driven by the increasing demand for convenience food products and the growing awareness of the health benefits of modified starches. The market is expected to grow at a CAGR of 4.2% from 2021 to 2028, reaching a market size of $16.7 billion by 2028.

One of the major growth opportunities in the modified starch market is the development of modified starches with improved functional properties that can cater to the evolving needs of the food industry. For example, modified starches that can withstand high temperatures and shear can be used in products such as instant noodles, while modified starches with improved freeze-thaw stability can be used in frozen food products.

Another growth opportunity in the modified starch market is the development of modified starches from alternative sources such as seaweed and algae. These sources are abundant and can be used to develop modified starches with unique functional properties that can cater to the needs of the food industry.

Conclusion: 

In conclusion, the modified starch market is expected to experience significant growth in the coming years due to the increasing demand for convenience food products and the growing awareness of the health benefits of modified starches. The market is expected to face several challenges, including the volatility of raw material prices and the stringent regulations governing the use of modified starches in food products.