Nigeria Cocoa Processing Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

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Nigeria Cocoa Processing Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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Report Description
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Report Description and Highlights
Report Description
Nigeria Cocoa Processing Market Research
Report The latest report by IMARC, titled
Nigeria Cocoa Processing Market Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028 " the Nigeria cocoa
processing market is expected to grow at a CAGR
of 6.76 during 2023-2028. Cocoa bean or cacao
bean is primarily used to produce cocoa solids or
powder and cocoa butter, which are further
processed to produce various products, such as
chocolate, bakery goods, ice cream, and milk
drinks. Cocoa processing involves mixing the
selected cocoa material with an aqueous solution
of a specific alkaline compound at increased
temperatures and possibly increased pressures.
The two main methods involved in cocoa
processing include fermentation and drying. Cocoa
products, such as cocoa butter, are used as an
essential ingredient in the formulation of
over-the-counter personal care products,
including lotions, lip balls, creams, and soap
bars, that help humidify the skin and treat
chapped lips. Request Free Sample Report
https//www.imarcgroup.com/nigeria-cocoa-processin
g-market/requestsample
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Report Description and Highlights
Report Description

Nigeria Cocoa Processing Market Trends The
market in Nigeria is primarily driven by the
increasing awareness about the health benefits
offered by cocoa beans. In line with this, cocoa
continues to be an important raw material for the
chocolate industry in Nigeria, which is
positively influencing the cocoa processing
market. Furthermore, the widespread application
of the product in bakeries, milk and beverage
products, cosmetics, and personal care products
is catalyzing the market across the country.
Moreover, due to their antioxidant, anti-ageing,
and anti-inflammatory properties, cocoa beans are
extensively used in the pharmaceutical industry,
thus favoring the market growth. Additionally,
the Federal Government of Nigeria is taking
various favorable initiatives to increase cocoa
bean production. They are offering subsidies for
cocoa farmers, which is expected to create
numerous growth opportunities in the market. Some
of the other factors contributing to the market
include the inflating disposable income levels of
the masses, the introduction of flavored
chocolates, and the easy product availability via
online and offline organized retail
channels. Looking forward, the market value is
projected to reach a strong growth during the
forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Bean Type F
orastero Criollo Trinitario B
reakup by Product Type Cocoa Butter
Cocoa Liquor Cocoa Powder
Others Breakup by Application Confe
ctionary Bakery Beverages
Pharmaceuticals Others

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Cocoa (Ile-Oluji) Limited FTN Cocoa Processors Plc
  Mondelez International Olam International Saroafr
  ica International Limited
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/nigeria-cocoa-processin
  g-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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Market Analysis Research and Consulting
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