Cocoa is fully dried and fermented beans (extracted from Theobroma cocoa) that are further processed to produce butter, liquor, oil, cocoa powder, and other cocoa products. Cocoa is used in cosmetics, pharmaceutical, and food applications. Cocoa powder is widely used in cocoa paste and chocolate production. Cocoa butter is widely used in the cosmetic and pharmaceutical industries. Cocoa-rich products have many health benefits, such as the lower risk of chronic fatigue syndrome and cardiovascular disease, and reduce hypertension. The three common plants from which cocoa is derived are forastero, trinitario, and criollo. Of which, forastero has emerged as the most in-demand type of cocoa plants that produce the best quality of cocoa.
The increasing demand for dark/premium chocolates worldwide is predominantly driving the growth of the cocoa market. For instance, in 2019, Nestle launched the KitKat Chocolatory Cacao Fruit Chocolate made entirely from the cocoa fruit in Japan, with no compromise on taste and quality. The company introduced several confectionery innovations, such as volcanic chocolate and ruby chocolate. Dark/premium chocolates provide many health benefits, and thus the demand for these chocolates is increasing rapidly. Moreover, cocoa-rich products have high flavonoid concentration, due to which they are considered beneficial for people with heart problems.
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