Cacao is a dried and fully fermented seed of Theobroma Cacao, the plant from which chocolate is made. Cacao husk pigment is the residual of agro industry and a by-product of the cocoa industry. The Cacao Husk Pigment Market is expected to grow during the forecast period, owing to the presence of high value bioactive components and high nutritional value in the cacao husk pigment. Due to the richness in dietary fiber, the cacao husk pigment is used in confectionary and bakery products, therefore leading the cacao husk pigment market towards increment and growth. The major end-use application of cacao husk pigment is for livestock feed, and is satisfactorily accepted by animals.
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The cacao husk pigments are finding its applications in the fabric dyeing for producing UV protective cotton fabric, thus increasing the overall demand for the cacao husk pigment. On a dry basis, the cacao husk pigments also contain some amount of potassium, therefore are used to manufacture soaps in some parts of the globe. Apart from the benefits served by cacao husk pigment, it also causes chronic diseases like inoculum if not disposed of properly or when used as mulch in the plantations. The huge costs involved in the proper disposal of cacao husk pigment is likely to hamper the growth of the cacao husk pigment market globally.
Global cacao husk pigment market is likely to register a lower-digit CAGR over forecast period
Owing to the increasing need for some alternative source of fuel, the cacao husk pigment market is anticipated to rise significantly in the future. As the cacao husk pigments show a good potential for biogas production with cumulative methane yields. The cacao husk pigment is an excellent source of ethanol using acid hydrolysis and Saccharomyces cerevisiae, as ethanol is one of the most important alternative source of fuel for future generations. According to Fact.MR, its market is likely to grow with a lower-digit CAGR (compound annual growth rate) in the forecast period. APEJ dominated the global market for cacao husk pigment in 2018. North America and Europe region are expected to witness a sizable rise in the overall sales of cacao husk pigment. Countries including China, U.S., and India are expected to witness a significant market share of cacao husk pigment due to manufacturing companies and the research facilities for cacao husk pigment are concentrated in these countries.
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In today’s world, there are huge quantities of food by-products that have been discarded, thereby causing wide economic problems by polluting the environment. However, cacao husk is used in many applications worldwide. The global market of cacao husk pigment is likely to boost due to the rise in food and beverage industry. Further, cacao husk pigment is primarily used in making a variety of chocolate products globally. The cacao husk pigment market has vast opportunities in future due to its increasing use in textile industry and detergent products.
Global cacao husk pigment market segmentation
The cacao husk pigment market can be segmented by end-use application, forms and packaging type. The cacao husk pigment market can be segmented by its end-use industry, such as food & beverage, textile, soap and detergent industry, bakery industry and others. By forms of the cacao husk pigment its market can be segmented into powder and liquid. In packaging type segment, cacao husk pigment market can be segmented into bulk and tetra packaging. The global cacao husk pigment market can be segmented on the basis of geographical region, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA), and Emerging Countries.
Global cacao husk pigment key market players
The global market for cacao husk pigment comprises of several developers, who are primarily converging on developing advance versions of cacao husk pigment mainly in the food industry. Some key market participants are Shandong Fengtai Biotechnology Co., Ltd., Hubei xin embellish DE chemical co., LTD, Hubei Dibai Chemical Co., Ltd., Wako Pure Chemical Industries, Ltd., Yick-Vic Chemicals & Pharmaceuticals (HK) Ltd., Wako Pure Chemical Industries, Ltd., Penta Manufacturing Company and Standardized Herbal Extracts among other prominent players.
The research report presents a comprehensive assessment of the cacao husk pigment market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for cacao husk pigment. The research report provides analysis and information according to cacao husk pigment market segmented into end use application, forms, packaging type.
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain for cacao husk pigment. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of cacao husk pigment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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