|Market Size in 2018||Market Forecast in 2026||CAGR (in %)||Base Year|
|USD 3.81 Billion||USD 7.28 Billion||8.4%||2018|
Cocoa Butter Market
Cocoa butter is obtained from cocoa beans via the process of fermentation and roasting. It is a type of vegetable oil that has a soft texture, white color, and flavor of cocoa. Cocoa butter is used to manufacture various chocolates, bakery products, and pharmaceuticals.
The cocoa butter market is expected to grow notably in the years ahead, owing to the several nutritional and medicinal benefits of cocoa butter and the growing consumer awareness regarding their health and shift to healthier lifestyles. Moreover, the increasing number of cocoa butter applications in the food and beverage sector, to meet the surging demand for new products and flavors, will further drive the cocoa butter market globally. However, the excess consumption of cocoa butter can lead to several health problems, such as obesity, allergies, and respiratory problems, which may hamper the cocoa butter market. Technological advancements and rising focus on product development will generate substantial growth opportunities for this market.
The cocoa butter market is fragmented based on form, product, application, and distribution channel. According to form, the cocoa butter market is bifurcated into solid and liquid. The solid segment dominates the market and is expected to maintain its position in the years ahead.
On the basis of product, the market includes organic, deodorized, and conventional. Different processes are involved to manufacture these products like the conventional cocoa butter is made by pure prime pressed extraction while organic cocoa butter is made via pure pressed extraction.
By application, the cocoa butter market is categorized into aromatherapy, food and beverages, pharmaceutical, cosmetics, and personal care. Cocoa butter has major application in the food and beverage industry for preparing chocolates. The food and beverage industry is expected to witness major growth in the future.
By distribution channel, the market includes specialty retails, e-commerce, B2B, hypermarkets/supermarkets, and others. Hypermarkets/supermarkets dominate the market due to their offering of different types and brands of cocoa butter. The growing demand for e-commerce in the recent years has led to the growth of this channel.
Europe dominates the cocoa butter market and is expected to continue the trend over the forecast timeline. This regional domination can be attributed to the high cocoa demand by the region’s food and beverage industry. The Asia Pacific cocoa butter market is expected to show maximum growth in the years ahead, owing to the changing dietary habits and lifestyle of the regional population.
Some major players operating in the cocoa butter market are Cocoa Mae, Dietz Cacao Trading, Cargill Incorporated, Chocolate Alchemy, JB Foods, Carst & Walker, and Jindal Cocoa.