India Cocoa Powder Market Overview, 2029

The Indian cocoa powder market has evolved significantly throughout the years, influenced by historical changes, inventions, and increasing customer tastes. The early 2000s saw substantial market developments, as the Indian government and corporate sector recognised the cocoa industry's potential. In 2006, the Indian government implemented the National Cocoa Development Program, which intended to increase cocoa planting and improve cocoa bean quality. This endeavour was critical in laying the groundwork for a thriving cocoa powder sector in India. In 2011, Cargill India inaugurated a cutting-edge cocoa processing plant in Kakinada, Andhra Pradesh. This facility not only increased the domestic supply of cocoa powder, but also represented a considerable investment in India's cocoa infrastructure. Similarly, in 2014, Olam International extended its activities by establishing a new cocoa processing plant in Kerala, increasing the country's capacity to produce high-quality cocoa powder. Dutch Process Cocoa Powder and Organic Cocoa Powder were introduced in the late 2010s to meet rising consumer demand for high-quality, health-conscious products. Ghirardelli Chocolate Company introduced their premium cocoa powder line in India in 2018, responding to the growing demand for high-quality chocolate products. The use of supercritical fluid extraction technology has enabled the creation of more refined and concentrated cocoa powder. The cocoa powder sector in India follows a variety of compliance rules, including those set by the Food Safety and rules Authority of India (FSSAI). These guidelines protect the quality and safety of cocoa powder goods on the marketplace. In response to rising consumer health awareness, the FSSAI has imposed stronger labelling and ingredient transparency requirements. The covid-19 epidemic has a significant influence on the cocoa powder business. During the epidemic, disruptions in supply chains and logistics reduced the availability of cocoa powder. However, the market demonstrated resiliency, with an increase in demand for home baking and chocolate products as customers sought comfort in these activities. E-commerce platforms saw an upsurge in cocoa powder sales as people decided to shop online during lockdowns.

According to the research report, "India Cocoa Powder Market Outlook, 2029," published by Bonafide Research, the Indian cocoa powder market is anticipated to add to more than USD 100 Mllion by 2024–29. There are several sorts of cocoa powders on the Indian market, each catering to a different set of demands and interests. Natural cocoa powder, Dutch process cocoa powder, and others are the three most common types. Dutch Process Cocoa Powder now leads the Indian market. This domination can be ascribed to rising demand for luxury chocolate products, as well as a preference for high-quality baked goods made with Dutch process cocoa, which has a superior flavour and colour. The expanding availability of worldwide brands, as well as the growing taste for gourmet items, all contribute to the appeal of Dutch process cocoa powder. Domestic providers like as Cargill India and Olam International are capitalising on this trend by supplying a variety of Dutch process products that serve to both local and global markets. Natural cocoa powder comes from roasted cocoa beans and has a distinct, slightly acidic flavour. Because of its strong cocoa flavour and high acidity, it is frequently used in baking and chocolate production. Natural cocoa powder is popular among Indian bakers and confectioners due to its versatility and robust flavour character. The Others category includes a variety of speciality cocoa powders, including Organic Cocoa Powder, which is made from organically farmed cocoa beans and is popular among health-conscious consumers. Organic cocoa powder is gaining popularity in India as consumers become more aware of the benefits of sustainable and healthy products. Raw cocoa powder, which is less processed and has more of its natural ingredients, is also gaining popularity among health-conscious consumers.

Chocolate & Confectionery, Bakery, Beverage, Functional Food, Pharmaceutical, and Cosmetics are among the applications in the Indian cocoa powder market that take advantage of cocoa powder's unique features. Chocolate and confectionery are currently the most popular applications for cocoa powder in India. This domination is the result of high demand for chocolate goods, which is being driven by rising disposable incomes, urbanisation, and an increased preference for premium and artisanal chocolates. The strong presence of both domestic firms like Cargill India and Olam foreign, as well as foreign names like Ghirardelli Chocolate Company, demonstrates the sector's prominence. Cocoa powder is commonly used in bakery products such as cakes, cookies, and pastries. The growing popularity of chocolate-flavored baked items has increased demand for cocoa powder in this area. Domestic players such as Vadilal Industries and Britannia Industries use cocoa powder to their goods to improve flavour and appeal. Products in the beverage application include hot cocoa, chocolate milk, and flavoured coffees. The rising popularity of premium beverages and health-conscious customer preferences has boosted demand for high-quality cocoa powders in this market. Cocoa powder is used in functional foods for its health advantages, particularly its antioxidant capabilities. This category includes health bars and nutritional supplements. The growing emphasis on health and wellbeing has fuelled demand for cocoa powders with additional health advantages. Cocoa powder has a rather specialised pharmacological purpose, being used mostly for flavouring and as a component in certain supplements. The sector is less well-known, but it has the potential to grow as health awareness grows. Cocoa powder's antioxidant and calming characteristics make it a popular ingredient in skincare products. Its use in products such as face masks and scrubs indicates the growing popularity of incorporating natural components into cosmetic routines.

In the Indian cocoa powder market, distribution channels are critical for reaching various consumer segments and meeting industrial demands. There are two basic distribution channels: offline and online, each with its own characteristics and market influence. Online distribution presently dominates the Indian cocoa powder business. Increased internet penetration, smartphone usage, and changing consumer demands for convenience and variety have all expedited the shift to online shopping. The COVID-19 pandemic accelerated this trend, with lockdowns and social distancing measures encouraging more people to shop online. The benefits of internet distribution include increased reach, convenience, and the opportunity to provide thorough product information and evaluations. Platforms like Amazon India and BigBasket have gained popularity. Offline distribution includes typical retail techniques like supermarkets, hypermarkets, speciality stores, and direct supply to food manufacturers. In India, large merchants such as Big Bazaar, Reliance Fresh, and More Supermarkets are important outlets for cocoa powder. Speciality stores and grocery stores also play an important role in delivering cocoa powder to consumers seeking premium or speciality items. Domestic suppliers, such as Cargill India and Olam International, use these offline channels to access large purchasers and institutional clients, such as bakeries, confectioneries, and food processing facilities.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Cocoa Powder market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Natural Cocoa Powder
• Dutch Process Cocoa Powder
• Others

By Application
• Chocolate & Confectionery
• Bakery
• Beverage
• Functional Food
• Pharmaceutical
• Cosmetics

By Distribution Channel
• Offline
• Online

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Cocoa Powder industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.