Global $8.55 Billion Cocoa Butter and Equivalents Markets, 2018-2021 & 2023-2028 with 2022 as the Base Year - Focus on Shea Butter, Palm Oil, Kokum Butter, Illipe Butter, Other CBEs - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Cocoa Butter and Equivalents Market (2023 Edition): Analysis By Type, CBE Type, By End Use Industry, By Applications: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The Global Cocoa Butter & Equivalents is expected to generate USD 8.55 billion by the end of 2028, up from USD 5.76 billion in 2021, growing at a CAGR of 6.56%

The report tracks competitive developments, strategies, mergers and acquisitions and new product development.

The research also looks at the growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the evolution of the market.

Global Cocoa Butter and Equivalents is expected to expand. As the global population continues to increase, so does the demand for cocoa butter in variety of chocolate-based products. Rising Chocolate demand across the globe has been driving the market of cocoa butter & CBEs from very long time. The up-surging trend of increasing use of various type of CBEs such as Palm oil, shea butter, mango butter instead of cocoa butter has backed the market at strong growth rate.

The growth in global economies, changing lifestyles, rising demands of skin and sun care products due to varying climatic conditions encourages the growth of the market for cosmetics. A shift of preference towards natural and organic beauty products, particularly in U.S. and European countries, fosters the growth of cosmetic products made with cocoa butter.

Also, demand of cocoa butter equivalents is increasing owing to favorable regulations framework regarding approval of different cocoa butter equivalents and related products has been impelling the growth of market. CBE is regulated differently in different regions. For instance, In Europe, CBE is allowed upto 5% in chocolates. Europe is already the largest chocolate consumer in the world and approval of 5% rule has made it the largest CBE market in the world.

Moreover, companies are focusing on geographical expansion with targeted acquisitions and joint ventures as their key strategy to augment their market presence. Unceasing innovation has resulted into development of efficient and intriguing range of products in several industry like cosmetic, food and beverages etc.

The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Brazil, Rest of Americas), Europe (Germany, U.K, France, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), and Middle East and Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.

Demand for premium and handmade chocolates, owing to growing consumption in OECD countries as well as urbanization and rising income levels boosting demand in developing markets.

Owing to the numerous health benefits associated with cocoa butter, the medical sector has adopted using cocoa butter in many of its treatments as the most important use of cocoa butter is to control high cholesterol. Besides that, cocoa seeds are used for treating certain serious ailments lie asthma, lung congestion and diarrhea.

Oftentimes cocoa butter is used in over-the-counter pharmaceutical products and suppositories. The lipid-lowering effects of cocoa butter have been studied and investigated, as fatty acid constituents of cocoa butter are known to exhibit lipid-lowering properties.

This study also provides a competitive landscape and profiles leading players like Cargill, Bolmay Cocoa, Olam International, JB Foods, Barry Callebaut, and others. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments.

Overall, the report provides a detailed overview of the Global Cocoa Butter & Equivalents, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.

Scope of the Report

• The report analyses the Cocoa Butter & Equivalents Market by Value (USD Million).
• The report presents the analysis of Cocoa Butter & Equivalents market for the historical period of 2018-2021, the base year 2022 and the forecast period of 2023-2028.
• The report analyses the Cocoa Butter & Equivalents Market by Type (Cocoa Butter & Cocoa Butter Equivalents).
• The report analyses the Cocoa Butter & Equivalents Market by CBEs Type (Shea Butter, Palm Oil, Kokum Butter, Illipe Butter, Other CBEs).
• The report analyses the Cocoa Butter & Equivalents Market by End Use Industry (Consumer, Industrial).
• The report analyses the Cocoa Butter & Equivalents Market by Applications (Food & Beverages, Pharmaceuticals, Personal Care, Other Applications).
• The Global Cocoa Butter & Equivalents Market has been analysed by countries (United States, Canada, Brazil, Germany, UK, France, Italy, China, Japan, India).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by type, by CBEs type, by end use industry, by applications.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.

The companies analysed in the report include

• Cargill
• Bolmay Cocoa
• Olam International
• JB Foods
• Barry Callebaut
• Natra S.A.
• AAK AB
• Fuji Oil Holdings Inc
• Wilmar International Ltd
• 3F Industries

For more information about this report visit https://www.researchandmarkets.com/r/npzhnk

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