The Cocoa Extract industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies. Overall, demand for Cocoa Extract will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare. Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm. The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022. Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery. The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Global Cocoa Extract Market: Segmentation
The cocoa extract market is segmented on the basis of product form, nature and end use.
On the basis of product form, the cocoa extract market is segmented as-
On the basis of nature, the cocoa extract market is segmented as-
On the basis of end use, the cocoa extract market is segmented as-
- Food & beverage industry
- Breakfast cereals
- Functional food & beverages
- Infant Formula
- Dietary supplements
- Cosmetics & Personal Care
- Pharmaceutical Industry
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Competitive Landscape The Fact.MR study profiles the business, product and other key strategies of the leading Cocoa Extract companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Cocoa Extract market include (Bioriginal Food & Science Corporation, John Aromas, Phytoextract Pvt. Ltd, ETChem, Merck KGaA, CPC Ingredients, Tharakan and Company, PROVA SAS)
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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