The report of global cocoa butter market by Form (Solid , Liquid) Type (Organic, Conventional, Deodorized cocoa butter) Packaging (Tins, Cartons, Plastic containers, Paper containers, others) End Users (Food industry, Pharmaceutical industry, Aromatherapy, Cosmetics and personal care industry) Distribution Channel (Online sale, Offline sale) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during a forecast period.
Cocoa butter is a type of fat that is obtained from cacao beans. Cocoa butter is soft in texture and has the flavor and aroma of cocoa. Cocoa butter is widely used in the confectionery & personal care products as a texture enhancing ingredient. The cocoa butter is widely used in the production of chocolates, ointments, toiletries, and pharmaceuticals.
The global cocoa butter market is driven by an increase in demand for chocolate products such as sweet chocolate, dark chocolate, and milk chocolate. However, over intake of cocoa butter can lead to weight gain and obesity, allergy and skin reactions, cholesterol, heart, and respiratory problems, which are restraining the market growth at the global level. The growing demand for natural, organic and chemical-free substitutes are likely to create lucrative opportunities in the global cocoa butter market. The supply-demand gap is the key challenge for the global cocoa butter market globally.
Online sales segment is expected to grow at the highest XX% CAGR during the forecast period.
The online sales channel segment is expected to grow at the CAGR of 8.3% during the forecast period. The appearance of e-commerce portals as main selling medium on account of offering value-added services containing free-home delivery, Cash-On-Delivery (COD), and coupon benefits are expected to remain a prominent growth factor in the cocoa butter market.
The North America dominated the Cocoa Butter market in 2019
In 2019, North America held the XX% share of the cocoa butter market and is expected to maintain its dominance during the forecast period. Growing demand from confectionery, cosmetics, and pharmaceuticals sectors of the U.S. and Canada are projected to remain a favorable factor for regional market growth. In terms of both value and volume, the Asia Pacific region will record a significant CAGR of XX% during the forecasted period thanks to growing target population base coupled with increased health consciousness and a shift in consumer preferences. In terms of consumption, Europe is the largest consumer of cocoa butter followed by North America, Asia Pacific, and Latin America. The terms of revenue, the cocoa butter market in Europe amounted to US$ XX Bn in 2019, with a CAGR of XX%. In Latin America, urbanization and rising disposable income levels in Mexico is expected to open new avenues over the forecast period. In terms of production, Middle East Africa is the major region in the coca butter market, followed by Asia Pacific and Latin America.
Key players operating the global cocoa butter market are Cargill Incorporated., Cocoa Mae, Chocolate Alchemy, Dietz Cacao Trading B.V., Jindal Cocoa, Carst & Walker (C&W), JB FOODS Limited, Cirana, Inc, United Cocoa Processor, Inc., Guan Chong Berhad (GCB), Cocoa Family, Moner Cocoa, S.A., Ephoka, Wuxi Huadong Cocoa Food Co., Ltd., Bolmay Cocoa and SIDCAO
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global cocoa butter market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the global cocoa butter market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain global cocoa butter market positioning of competitors.
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