Cocoa Butter Market Research Depth Study, Analysis, Growth, Trends, Developments and Forecast 2029


Posted January 17, 2023 by pranit10

Cocoa Butter Market size was valued at US$ 2.32 Bn. in 2021 and the total revenue is expected to grow at 5.8 % CAGR through 2022 to 2029, reaching nearly US$ 3.64 Bn.

 
Cocoa Butter Market Overview:

Cocoa butter, also known as theobroma oil, is one of the world's most well-known substances. Among other fatty acids, it contains stearic acid, palmitic acid, arachidic acid, lauric acid, and myristic acid. Cocoa butter is used in many industries, including food and beverage, pharmaceuticals, and cosmetics.

Extensive primary and secondary research led to the creation of the report on the Cocoa Butter Market 2021 by Manufacturers, Regions, Segmentation, Key Players, and Application, with a forecast to 2029. Opportunities, Challenges, Restraints, and Trends in the Cocoa Butter Market are identified using top-down and bottom-up methodologies as well as analytical tools like Porter's Five Force Analysis, SWOT, and PESTLE analysis. This report also includes data on supply and demand, import/export consumption, cost, price, revenue, and gross margins.

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Cocoa Butter Market Dynamics:

Despite the slow growth of the chocolate industry, demand for cocoa butter is growing in sectors such as dairy, frozen desserts, and baking. Novelty products in the confectionery market have increased demand for cocoa products such as cocoa butter, cocoa liquor, and cocoa powder. Cocoa butter is a byproduct that is expected to grow as cocoa bean processing expands. This trend is especially noticeable in developed regions, where chocolate demand is either declining or stagnant, and premium and new cocoa products are consolidating their hold on the food market.

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Segmentation:

The segment is divided into online and offline based on distribution channel and application. In 2021, the offline distribution channel held the largest market share. Customers can inspect items before purchasing them in physical stores, and after-sales services are also available. As a result of these benefits, offline sales of goods have increased. The internet, on the other hand, is expected to be the fastest-growing distribution channel. Shipment improvements and the availability of more payment options have aided the growth of the online industry. Online sales of consumer electronics are increasing dramatically, particularly in North America and Asia Pacific.

Key Players:

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
SIDCAO
Barry Callebaut AG
Regional Analysis:

Some of the key countries covered in the Cocoa Butter market report include North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa. In addition, the report provides market size, growth rate, import and export, and country-level analysis, integrating the demand and supply forces of these countries' Cocoa Butter markets that are influencing market growth.

COVID-19 Impact Analysis on Cocoa Butter Market:

The report has analysed overall global impact of COVID-19 on Cocoa Butter market. The report offers a thorough examination of the Cocoa Butter market's alternatives, challenging conditions, and difficult possibilities during this crisis. The report briefly discusses the benefits and challenges of the COVID-19 in terms of funding and market expansion. Furthermore, the study includes a collection of concepts that should assist readers in establishing and planning a corporate strategy.

In majority of the countries surveyed, public health has improved, particularly as COVID-19 immunisation campaigns have made significant headway. Supply-chain constraints and rising inflation are the two most pressing economic issues. Fortunately, reports forecasted that these problems will be temporary.

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Categories Food
Tags cocoa butter market
Last Updated January 17, 2023