Surging Demand in Foodservice Industry to Boost Cocoa Powder Market to 2.9% CAGR by 2034
The global cocoa powder market is projected to generate revenue of around US$ 2,667.5 million in 2024. Sales are expected to follow a moderate growth rate of 2.9% during the forecast period, expanding the market to a valuation of US$ 3,441.1 million by 2034. Cocoa powder is the byproduct remaining after extracting cocoa butter from cacao beans. It has become an essential...
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