Global Cocoa Butter Equivalent Market, By Product Type (Kokum Butter, Mango Butter, Palm and Palm Kernel Oil, Sal Fat, Shea Butter), Application (Confectionery, Cosmetics, Food and Beverage, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cocoa Butter Equivalent Market
Cocoa butter equivalent market is expected to grow at a rate of 7.10% in the forecast period 2021 to 2028. Increasing usage of product in manufacturing moisturizers, anti-fungal and anti-bacterial ointments which will likely to act as a factor for the cocoa butter equivalent market in the forecast period of 2021- 2028.
Cocoa butter is an important constituent of the chocolate formulation. At room temperature, it has the characteristics of staying rigid, mouldable and brittle and melting entirely at mouth temperature. Cocoa butter also has some drawbacks, such as poor tolerance of milk fat, lack of consistency at elevated temperatures, and a tendency to flower. In comparison, the equivalent of peanut butter reduces the cost of chocolate processing since it is cheaper than cocoa butter. In a tropical climate, it increases the stability of chocolates and manages the boom as well. They are primarily used for the manufacture of compound coatings used for enrobing bakery products and confectionery products other than chocolates.
Increasing consumption of the chocolates among the consumers, increasing prices of the cocoa butter, rising number of applications in cosmetics industry, easy availability of products in the market, surging volume of patients suffering from various skin diseases along with rising number of people are becoming health conscious and focusing on maintaining healthy skin conditions are some of the major as well as vital factors which will likely to augment the growth of the cocoa butter equivalent market in the projected timeframe of 2021-2028. On the other hand, prevalence of various branded manufacturers across the globe along with rising demand of the shea butter due to its favourable physical and chemical characteristics such as texture, high shelf life, high melting point, and cost-effectiveness which will further contribute by generating massive opportunities that will lead to the growth of the cocoa butter equivalent market in the above mentioned projected timeframe.
The increasing need of high capital investment in research and development activities which will likely to act as market restraint factor for the growth of the cocoa butter equivalent in the above mentioned projected timeframe.
This cocoa butter equivalent market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cocoa butter equivalent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cocoa Butter Equivalent Market Scope and Market Size
Cocoa butter equivalent market is segmented on the basis of product type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the cocoa butter equivalent market is segmented into kokum butter, mango butter, palm and palm kernel oil, sal fat, and shea butter.
- The cocoa butter equivalent market is also segmented on the basis of application. The application is segmented into confectionery, cosmetics, food and beverage, and others.
Cocoa Butter Equivalent Market Country Level Analysis
Cocoa butter equivalent market is analyses and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the cocoa butter equivalent market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Europe dominates the cocoa butter equivalent market due to the prevalence of branded confectionery manufacturers along with increasing consumption of chocolate in the region while Asia-Pacific region will expect to grow in the cocoa butter equivalent market during the forecast period 2021 to 2028 due to the increasing consumption of chocolates, increasing growth of the food and beverages sector along with prevalence of various chocolate manufacturers in the region.
The country section of the cocoa butter equivalent market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cocoa Butter Equivalent Market Share Analysis
Cocoa butter equivalent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cocoa butter equivalent market.
The major players covered in the cocoa butter equivalent report are 3F GROUP; AAK AB; Cargill, Incorporated.; FUJI OIL ASIA PTE. LTD.; Bunge Loders Croklaan; Manorama Industries Limited.; Mewah Group.; INTERCONTINENTAL SPECIALTY FATS SDN. BHD.; Olam International; Wilmar International Ltd; by Musim Mas; FGV IFFCO SDN BHD; ADM; Makendi WorldWide.; EFKO Group; Mallinath Group; USHA INTERNATIONAL; Wild Oils; GEF India; PT. WILMAR CAHAYA INDONESIA; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.