Cocoa Based Polyphenols Market Size, Share, Analysis, Trends, Growth, 2032

Cocoa Based Polyphenols Industry Prospective:

The global cocoa based polyphenols market size was worth around USD 92.00 billion in 2023 and is predicted to grow to around USD 150.62 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.63% between 2024 and 2032.

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Cocoa Based Polyphenols Market: Overview

Cocoa-based polyphenols are plant-based compounds derived from cocoa plants. Studies suggest that plant-derived polyphenols are an important class of compounds rich in anti-inflammatory and antioxidant properties.

Recent findings show that more than 8,000 types of polyphenols have been identified across the globe. Cocoa-based polyphenols, like other plant-based counterparts, can be further categorized into 4 main categories that are polyphenolic amides, flavonoids, phenolic acids, and other polyphenols.

Flavonoids account for over 60% of all types of polyphenols, and dark chocolate is one of the main sources of the compound. Certain research and studies claim that cocoa-based flavonoids are known to improve blood flow to the brain. They have been linked to enhanced attention and working memory.

The demand for cocoa-based polyphenols has been growing over the years, driven by the rising introduction of new food & beverage solutions using the compound as a food additive.

However, the volatility in the supply chain of the raw materials required for producing polyphenols may limit the cocoa-based polyphenols industry’s expansion trend.

Key Insights:

• As per the analysis shared by our research analyst, the global cocoa-based polyphenols market is estimated to grow annually at a CAGR of around 5.63% over the forecast period (2024-2032)
• In terms of revenue, the global cocoa-based polyphenols market size was valued at around USD 92.00 billion in 2023 and is projected to reach USD 150.62 billion by 2032.
• The cocoa-based polyphenols market is projected to grow at a significant rate due to the health benefits of polyphenols.
• Based on the benefits, the cardiovascular health-related properties segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the form of consumption, the dark chocolate segment is anticipated to command the largest market share.
• Based on region, Europe is projected to dominate the global market during the forecast period.

Cocoa Based Polyphenols Market: Growth Drivers

Health benefits of polyphenols will drive the market demand rate according to industry research

The global cocoa based polyphenols market is expected to grow due to the growing awareness around the health benefits of polyphenols derived from cocoa. The three main properties of cocoa-based polyphenols include anti-inflammatory, antioxidant, and cardiovascular health-related properties.

According to market research, sufficient intake of polyphenols derived from cocoa is known to regulate blood pressure, thus preventing the risk of cardiovascular diseases.

The growing number of people suffering from heart and blood pressure-related conditions has been growing rapidly in the last few years.

In addition, cocoa-based polyphenols deliver properties that are helpful in neutralizing free radicals in the body. Studies indicate that free radicals can damage body cells and impact Deoxyribonucleic Acid (DNA).

Compounds that contain antioxidant properties are known to prevent certain types of cancer, such as breast cancer, lung cancer, stomach cancer, and skin cancer.

As awareness of the several health benefits of consuming cocoa-based polyphenols in regular intervals continues to grow, the market demand will thrive at a steady rate.

Growing investment in cocoa cultivation will help the industry’s growth trends during the projection period

Cocoa-based cultivation investments have been growing in the last couple of years. The increased demand for cocoa-based food & beverages is the main cause for the increased diversion of resources toward the cocoa industry. The surge in investment-based trends will directly impact the revenue in the global cocoa-based polyphenols market.

In April 2024, reports emerged suggesting the African cocoa industry was introducing high-tech solutions to meet the globally rising demand for superior-quality cocoa.

In April 2024, Barry Callebaut AG, a Switzerland-based chocolate company, announced investments in cocoa farms as the prices of the most essential chocolate ingredient have been growing.

Cocoa Based Polyphenols Market: Restraints

Fluctuations in raw material availability and prices will restrict the market expansion rate

The global industry for cocoa-based polyphenols is expected to be restricted due to the changing prices of the raw material. According to official statistics, the cocoa production rate in 2021/2022 was over 680,000 tonnes.

However, the production rate declined to around 650,000 in the 2022/2023 season. Factors such as changing weather conditions, the addition of fertilizer and pesticide-resistant crop insects in the ecosystem, and disruptions in the supply chain were the leading causes of varying product prices and quantity in the commercial market.

Cocoa Based Polyphenols Market: Opportunities

Rising introduction of new cocoa-based products in the food & beverages sector to generate market opportunities

The global cocoa based polyphenols market is expected to generate more growth opportunities due to the rising introduction of new products in the global food & beverages (F&B) industry.

In August 2024, Barebells Functional Foods, a Swedish company operating in the healthy eating segment, announced the launch of its new range of protein bars in the US market.

The recently launched product portfolio consists of several cocoa and chocolate-based healthy protein bars such as caramel choco, chocolate dough, and others.

In October 2022, Barry Callebaut, one of the world’s leading producers of high-quality cocoa and chocolate products, launched the company’s second generation of chocolates. The new launch is 140 years after the company introduced its first-generation chocolate products.

The company has reinvented the Cocoa Cultivation & Craft principle (CCC), focusing on selecting only high-grade cocoa beans and coaxing out the smaller details of the flavors.

The growing market for organic dark chocolates with high polyphenol content could act as a strategic growth enabler for the industry players.

Cocoa Based Polyphenols Market: Challenges

Managing polyphenol integrity during the processing phase is a crucial challenge for the industry players

The global cocoa based polyphenols industry is challenged by the complexity associated with managing the integrity of polyphenols while cocoa is being processed. Studies indicate that polyphenols lose their health-related qualities if the raw material is excessively processed.

In addition to this, the cocoa farming industry is resource-intensive. The poor labor practices in the cocoa farming industry may further impact the industry’s expansion rate.

Cocoa Based Polyphenols Market: Segmentation

The global cocoa based polyphenols market is segmented based on benefits, form of consumption, and region.

Based on the benefits, the global market divisions are antioxidant properties, anti-inflammatory properties, and cardiovascular health-related properties.

In 2023, the highest growth was observed in the antioxidant properties. Compounds that are known to target free radicals in the body prevent several types of chronic conditions, such as cancer and neurodegenerative diseases.

Moreover, they are also known to improve heart health. According to the World Heart Federation, around 20.5 million people worldwide died due to some form of cardiovascular disease.

Based on the form of consumption, the cocoa based polyphenols industry divisions are cocoa powder, dark chocolate, raw cocoa-based products, snacks, cocoa-based beverages, and others.

In 2023, the highest growth was listed in the dark chocolate segment. The rising awareness about regular consumption of dark chocolate with over 70% cocoa content has helped the segment thrive.

Additionally, the introduction of a new chocolate range has been helpful in attracting new players to the market.

Cocoa Based Polyphenols Market: Report Scope

Cocoa Based Polyphenols Market: Regional Analysis

Europe is expected to deliver the highest revenue during the projection period

The global cocoa based polyphenols market will be led by Europe during the projection period. One of the world’s leading regions in terms of high demand for chocolate-based products is Europe. It is home to some of the world’s leading contributors in the global F&B industry.

The growing demand for dark chocolates across European nations is driving regional revenue. In addition, Europe enjoys the benefits of food tourism as millions of people from across the globe visit European countries for food cuisines.

In June 2022, MALTESERS, a leading regional player, announced the launch of a unique dark chocolate treat. The company sells more than 187 million MALTESERS treats every year.

According to company claims, the new range has 65% more cocoa. It is also 35% less sugar-rich as compared to the previous version. The growing rate of health consciousness in the regional population is fueling the demand for dark chocolates

Europe is also witnessing sustainable and technology-rich cocoa farms as demand for the end products is on the rise. In October 2022, Mondelez International announced that it will invest around USD 1 billion in the Cocoa Life Program by 2030.

The company is aiming to improve cocoa production value while addressing environmental and human rights concerns in the industry.

Cocoa Based Polyphenols Market: Competitive Analysis

The global cocoa based polyphenols market is led by players like:

• Blommer Chocolate Company
• The Hershey Company
• Barry Callebaut
• ADM Cocoa (Archer Daniels Midland)
• Olam International
• TCHO Chocolate
• Mars
• Incorporated
• ICAM Chocolate
• Nestlé
• Cocoa Processing Company Limited
• Cargill
• Valrhona
• Mondelez International
• Puratos Group
• Cémoi Group

The global cocoa-based polyphenols market is segmented as follows:

 By Benefits

•  Antioxidant Properties
•  Anti-Inflammatory Properties
•  Cardiovascular Health-Related Properties

By Form of Consumption

• Cocoa Powder
• Dark Chocolate
• Raw Cocoa-Based Products
• Snacks
• Cocoa-Based Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa