Cocoa bean serves as a key feedstock for cocoa processing plants which process it into different forms such as cocoa liquor, cocoa butter, cocoa cakes and cocoa powder. These processed cocoa products currently find numerous applications in a number of industries. Cocoa powder with its unique flavour, is widely used as a colouring agent as well as in the preparation of chocolate milk, biscuits, syrups, ice cream, cakes and other confectionery products. On the other hand, cocoa butter is used in the production of soaps, cosmetics and pharmaceutical products. These wide-ranging applications of processed cocoa have facilitated the growth of the global cocoa processing market. According to a new report by Expert Market Research, the market reached a volume of 4.3 Million Tons in 2018 and is further expected to reach 4.7 Million Tons by 2024.
Key findings from the report:
Click here for the summary of report: https://www.expertmarketresearch.com/reports/cocoa-processing-market
Expert Market Research has analysed the global cocoa processing market according to type, major regions and top players:
Market breakup by Type
Market breakup by Region
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"Global Cocoa Processing Market: By Type: Cocoa Butter Market, Cocoa Powder Market; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; By End Use; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Regional Price Trends; Market Drivers, Opportunities and Threats; Competitive Landscape; Trade Analysis; Cost Analysis"
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