20-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Cocoa Butter Market By Form (Solid and Liquid), By Product (Organic, Conventional, and Deodorized), By Application (Food & Beverages, Personal Care, Cosmetics, Pharmaceutical, and Aromatherapy), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018–2026”. According to the report, the global cocoa butter market accounted for USD 3.81 billion in 2018 and is expected to reach around USD 7.28 billion by 2026, at a CAGR of 8.4% between 2019 and 2026.
Cocoa butter also referred as theobroma oil, is among the most famous ingredients globally. It contains different types of fatty acids like stearic acid, palmitic acid, arachidic acid, lauric acid, and myristic acid. Cocoa butter has many applications across various industries, such as food and beverage, pharmaceuticals, etc.
Browse the full “Cocoa Butter Market By Form (Solid and Liquid), By Product (Organic, Conventional, and Deodorized), By Application (Food & Beverages, Personal Care, Cosmetics, Pharmaceutical, and Aromatherapy), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/cocoa-butter-market
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. Liquid cocoa butter is showing significant market. Solid cocoa butter dominates the market, as it is easy to transport and is less costly.
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. Organic cocoa butter is gaining popularity due to its several health benefits, which will drive this segment’s growth in the future.
By application, the cocoa butter market is categorized into aromatherapy, food and beverages, pharmaceutical, cosmetics, and personal care. Cocoa butter has a 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. In the cosmetic sector, cocoa butter is expected to witness prominent growth due to its use in the preparation of different creams, lip balms, hair conditioners, and lotions.
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 recent years has led to the growth of this channel, which is expected to continue over the forecast time period.
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.
This report segments the cocoa butter market as follows:
Global Cocoa Butter Market: Form Analysis
Global Cocoa Butter Market: Product Analysis
Global Cocoa Butter Market: Application Analysis
Global Cocoa Butter Market: Distribution Channel Analysis
Global Cocoa Butter Market: Regional Analysis
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