Cocoa Butter Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global cocoa butter market is expected to register a CAGR of around 6% over the period of 2021-2027. Cocoa is one of the leading goods in the world agricultural trade markets, occupying the third position in export. Cocoa production is mainly concentrated in the tropics, in Africa, which concentrates two-thirds of world production and where Côte d'Ivoire is the main country with around 40% of the world production. Since 2010, approximately 4 million tons of cocoa beans have been annually worldwide produced. As per FAOSTAT, global cocoa production increased over the years from over 1,186 thousand metric tons in 1961 to 5,596 thousand metric tons in 2019, which is more than a quadruple growth, with an average growth rate of 2.66 percent per year. Besides a dip in production in the years 1983, 1991, 2007, 2009, 2013, and 2016, the production of cocoa beans increased by 33% in the last ten years from 4,211 thousand metric tons in 2009 to 5,596 thousand metric tons in 2019

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 According to UnivDatos Market Insights (UMI)’ research report “global Cocoa butter market”, the market is expected to witness a CAGR of around 8% during the forecast period 2021-2027F. Cocoa butter is an important component of eating chocolate. Although the chocolate liquor used in manufacturing eating chocolate already contains cocoa butter, an additional amount is required to produce a molded product that remains firm until dissolved in the mouth. increased demand for chocolate with perceived health benefits and more exotic flavors is expected in Western Europe and North America, which are the traditional chocolate-consuming market. The global chocolate consumption equals 7.2 million metric tons.

Based on type, the market is classified into Natural, Deodorized, and Semi-deodorized. The natural segment accounted for a significant share of the market. A rising food safety concern among consumers has also amplified the demand for pesticide-free, agriculturally safe, and natural cocoa butter to maintain overall health. This inclination towards these products is also attributed to their ability to reduce the risk of lifestyle-related health conditions such as obesity and heart disease.

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Based on end-use, the market is categorized into Food and Beverage Industry, Pharmaceuticals, Personal Care and Cosmetics, and Others. Among these, the food and beverage segment is expected to witness the highest CAGR during the forecast period. The growing number of home bakers, higher appeal of artisanal bakers, and launch of new products will up the consumption of cocoa in this industry contributing to the growing share of this segment. Also, ready-to-eat products, frozen food, chocolatey beverages, and ready-to-bake items are expected to drive the demand for cocoa butter in the coming years

North America to witness extensive growth

For a better understanding of the market adoption of the Cocoa butter industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness the highest CAGR during the forecast period on account of the growing demand for processed food. per the United States Department of Agriculture (USDA), food and beverage manufacturing plants accounted for 15.8% of the value of shipments and 14.7% of all employees from all U.S. manufacturing plants in 2019.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Cocoa butter market are Chr. Hansen Holding A/S, Naturex, Cargill, Incorporated, Natra S.A., Barry Callebaut AG, Bolmay Cocoa, SunOpta, Inc., Olam International Ltd, ECOM Agroindustrial Corporation, JB Foods Ltd, etc.   Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Cocoa butter Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.     

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Market Segmentation:

1.     By Type (Natural, Deodorized, Semi-Deodorized)

2.     By Form (Blocks, Powder, Liquid)

3.     By End-User (Food and Beverage Industry, Pharmaceuticals, Personal Care and Cosmetics, Others)

4.     By Distribution Channel (Retail Stores, Supermarkets/Hypermarkets, E-Commerce, Others)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company (Chr. Hansen Holding A/S, Naturex, Cargill, Incorporated, Natra S.A., Barry Callebaut AG, Bolmay Cocoa, SunOpta, Inc., Olam International Ltd, ECOM Agroindustrial Corporation, JB Foods Ltd)

Key questions answered in the study:

1.     What are the current and future trends of the global Cocoa butter industry?

2.     How the industry has been evolving in terms of technology and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global Cocoa butter industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global Cocoa butter suppliers across various region and countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL COCOA BUTTER MARKET COVID-19 IMPACT

6 GLOBAL COCOA BUTTER MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY FORM

9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

10 MARKET INSIGHTS BY END-USE

11 MARKET INSIGHTS BY REGION

12 COCOA BUTTER DYNAMICS

13 COCOA BUTTER MARKET OPPORTUNITIES

14 COCOA BUTTER MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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