North America Cocoa Nibs Market Size & Outlook, 2019-2027
The cocoa nibs market in North America is expected to reach a projected revenue of US$ 678.8 million by 2027. A compound annual growth rate of 7.6% is expected of North America cocoa nibs market from 2020 to 2027.
Revenue, 2019 (US$M)
$377.1
Forecast, 2027 (US$M)
$678.8
CAGR, 2020 - 2027
7.6%
Report Coverage
North America
North America cocoa nibs market, 2016-2027 (US$M)
Related Markets
North America cocoa nibs market highlights
- The North America cocoa nibs market generated a revenue of USD 377.1 million in 2019.
- The market is expected to grow at a CAGR of 7.6% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 377.1 million |
| Market revenue in 2027 | USD 678.8 million |
| Growth rate | 7.6% (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, North America region accounted for 35.0% 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 |
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North America cocoa nibs market size, by country, 2016-2027 (US$M)
North America Cocoa Nibs Market Outlook Share, 2019 & 2027 (US$M)
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