Latin America Cocoa Nibs Market Size & Outlook, 2019-2027
The cocoa nibs market in Latin America is expected to reach a projected revenue of US$ 201.7 million by 2027. A compound annual growth rate of 7.3% is expected of Latin America cocoa nibs market from 2020 to 2027.
Revenue, 2019 (US$M)
$115.1
Forecast, 2027 (US$M)
$201.7
CAGR, 2020 - 2027
7.3%
Report Coverage
Latin America
Related Markets
Latin America cocoa nibs market highlights
- The Latin America cocoa nibs market generated a revenue of USD 115.1 million in 2019.
- The market is expected to grow at a CAGR of 7.3% from 2020 to 2027.
- In terms of segment, conventional was the largest revenue generating product in 2019.
- Organic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 115.1 million |
| Market revenue in 2027 | USD 201.7 million |
| Growth rate | 7.3% (CAGR from 2019 to 2027) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Organic |
| Key market players worldwide | Barry Callebaut AG, Cocoa Family, United Cocoa Processor, Navitas Organics, Sunfood.com, Viva Naturals |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.7% of the global cocoa nibs market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 456.9 million by 2027.
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Cocoa Nibs Market Scope
Cocoa nibs market segmentation & scope
Cocoa Nibs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Viva Naturals | View profile | 51-100 | North York, Ontario, Canada, North America | https://vivanaturals.com/ |
| Sunfood.com | View profile | 11-50 | El Cajon, California, United States, North America | http://www.sunfood.com |
| Navitas Organics | View profile | 51-100 | Novato, California, United States, North America | https://navitasorganics.com/ |
| United Cocoa Processor | View profile | 51-100 | Newark, Delaware, United States, North America | https://www.unitedcocoa.com |
| Cocoa Family | View profile | 11-50 | Duarte, California, United States, North America | https://cocoafamily.com |
| Barry Callebaut AG | View profile | 13615 | Hardturmstrasse 181, Zurich, Switzerland, 8005 | https://www.barry-callebaut.com |
Latin America cocoa nibs market size, by country, 2016-2027 (US$M)
Latin America Cocoa Nibs Market Outlook Share, 2019 & 2027 (US$M)
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