Low fat cocoa powder is produced by extracting butterfat from chocolate liquor at earlier stages of cocoa processing. The Low-Fat cocoa powder serves many applications but is majorly used as a vital ingredient in chocolate cakes during the baking process, to add more flavor to regular cakes. The global market for Low-Fat cocoa powder has attained an enormous growth in both developed, as well as developing economies, over the period owing to changing consumption patterns of the people. The global Low-Fat Cocoa Powder Market is gaining massive traction from the digital platforms. The global Low-Fat cocoa powder market includes numerous local manufacturers, and some players have a global reach as well. The Low-Fat cocoa powder market is creating lucrative opportunities for the Low-Fat cocoa powder manufacturers and distributors to expand their business footprint worldwide.
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The rising awareness about the health benefits offered by Low-Fat cocoa powder is likely to drive the overall market for Low-Fat cocoa powder. The products made from Low-Fat cocoa powder are considered as one of the healthiest snacks in the market. The primary reason for considering Low-Fat cocoa powder as a healthy snack is its ability to boost metabolism, which in turn helps in weight loss. Low-Fat cocoa powder serves many health benefits as the Low-Fat cocoa powder is one of the richest sources of polyphenols. Low-Fat cocoa powder is widely accepted due to its antioxidant and anti-inflammatory effects.
Rising awareness concerning health is expected to amplify the overall demand for Low-Fat cocoa powder
The Low-Fat cocoa powder market can be segmented on buyer type and sales channel (B2B & B2C) and geographies. Based on buyer type, the global market for Low-Fat cocoa powder can be segmented into the HoReCa sector, Household & Residential Buyers and Food Processors & Manufacturers. On the basis of sales channel, the global market for Low-Fat cocoa powder can be classified into B2B and B2C (third-party online channel, convenience stores, independent retailers, modern trade, departmental stores, confectionery stores, and other sales channels). Geographically, the global market for Low-Fat cocoa powder can be segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and The Middle East & Africa.
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The global Low-Fat cocoa powder market is expected to grow at a moderate CAGR over the forecast period. Owing to the increasing awareness among the consumers regarding the health benefits served by Low-Fat cocoa powder, the overall market for Low-Fat cocoa powder is likely to grow remarkably. The rising demand for Low-Fat cocoa powder for several applications is expected to drive the global Low-Fat cocoa powder market. With the entrance of local players in the Low-Fat cocoa powder market, the consumers are widely accepting the Low-Fat cocoa powder due to its availability at economical prices. Among regions, North America is likely to hold the leading position in terms of market share in the Low-Fat cocoa powder market during 2019. Also, the APEJ region is estimated to witness a considerable demand for Low-Fat cocoa powder during the forecast period owing to increasing awareness about the benefits of Low-Fat cocoa powder.
Increasing popularity of Low-Fat cocoa powder is expected to boost the global market swiftly
The Low-Fat cocoa powder manufacturers are primarily focusing on emerging countries with higher consumption rate to gain substantial revenue across the regions. Key producers in the Low-Fat cocoa powder market are mainly targeting on expanding their customer base and sales footprint. Some of the key market participants in the global Low-Fat cocoa powder market are DeZaan, Nestle, Kaoka, ITB Holdings LLC, Bensdrop, the chocolate powder company and Hershey’s, among others.
The research report presents a comprehensive assessment of the Low-Fat Cocoa Powder market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Low-Fat Cocoa Powder market segments such as buyer type, sales channel, and geographies.
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