Cocoa Nibs Market To Grow Nearly 8% By 2027

Cocoa Nibs

San Francisco — Worldwide sales for cocoa nibs are projected to grow 7.9 percent, compounded annually, by 2027 to hit a value of $1.99 billion, according to Grand View Research, Inc.

Exceptional nutritional properties and rising use in frozen desserts and beverages such as smoothies and coffee are key growth factors, according to the market research company.

Confectionery is still the largest sector for cocoa nibs, but bakery and beverage industries are anticipated to be the fastest-growing segments in terms of use, Grand View reports.

Higher adoption of organic and natural foods will lead organic cocoa nibs to outpace the overall market, with projected sales growth of 8.2 percent during the period, according to the market research company.