According to the business intelligence report titled ‘Global Cocoa Fiber Market Size study, By Product Type (Conventional, and Organic), By Application (Confectionery, Functional Food, Bakery Items, Beverages, Cosmetics, Pharmaceuticals, and Packaging industry), and Regional Forecasts 2020-2027’, available with Market Study Report, global cocoa fiber market was worth USD 322.13 million in 2019 and is predicted to register a 7.7% CAGR during 2020-2027, subsequently reaching a valuation of USD 583.12 million by the end of the forecast period.
 

Rising prevalence of diet-related health issues, mainly obesity and cardiovascular diseases, coupled with growing awareness regarding the health benefits of chocolate are augmenting worldwide cocoa fiber market growth. Moreover, rising adoption of cocoa fiber across various end-user applications including pharmaceuticals, cosmetics, and bakery, along with escalating product demand for board and paper processing will continue to support the industry expansion in the coming years.
 

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For those unaware, cocoa fiber is a dietary fiber which is produced from roasted cocoa husks by washing and micronizing, followed by sterilization or heat steaming. It is primarily used as a food additive to enhance shelf-life, nutritional value as well as texture of foods. Moreover, cocoa fiber is known to have several health benefits including reduced risk of cancer, diabetes, and heart diseases, and enhancement of gastrointestinal functions among others.
 

Based on product landscape, global cocoa fiber market is split into organic and conventional. With regards to application terrain, the industry is categorized into packaging industry, pharmaceuticals, cosmetics, beverages, bakery items, functional foods, and confectionary among others.
 

From a regional frame of reference, Europe dominates the overall worldwide cocoa fiber industry share and is touted to grow significantly through 2027, owing to increasing consumption and production of cocoa. On the other hand, North America market is slated to amass substantial gains during the analysis timeframe, on account of growing awareness regarding the health benefits associated with cocoa fibers.
 

Archer Daniels Midland Company, Healy Group, Barry Callebaut Group, Interfiber Ltd., Cémoi SAS, GreenField, Jindal Cocoa, Carlyle Cocoa Co., LLC, United Cocoa Processor, Inc., Euroduna Food Ingredients GmbH, Moner Cocoa, S.A, and Cargill, Inc. are the top organizations influencing global cocoa fiber industry trends.