Cocoa Butter market is expected to generate an incremental $ opportunity of US$ 1,554.8 Mn between 2022 and 2030
Category: Food & Beverages Published Date : June 2022 ID: CVC-00136-FNB Format: PDF Pages: 325
Cocoa Butter Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Cocoa Butter Market was worth US$ 2,515.7 Mn and is expected to grow at a CAGR of 6.2% over the forecast period. The market is expected to hit US$ 4,070.5 Mn by 2030 end.
Polyphenols, prevalent in plant diets, are the main antioxidants in cocoa. It contains fatty acids such as stearic acid, palmitic acid, myristic acid, arachidic acid, and lauric acid. It’s a texture enhancer in many personal care items, including lip glosses, skin lotions, and cosmetics.
Cocoa butter is an important component of chocolate pastries and confections because it influences the flavor and texture of the chocolate. Cocoa butter is prepared from the alkalized cocoa body and baked cocoa pods. Cocoa butter can help with various health problems, including skin irritation and hair loss.
What are the causes driving the rise in demand for Cocoa Butter?
The global expansion of several industries, including food and beverage, pharmaceuticals, cosmetics, and personal care, is supporting the growth of the Cocoa Butter Market. Increased consumer awareness of cocoa butter’s nutritional and therapeutic properties and rising demand for chocolate, frozen desserts, and dietary drinks are expected to drive market expansion.
Cocoa butter demand is increasing as more people are becoming aware of its numerous benefits, such as its capacity to treat chapped lips, reduce skin peeling and dryness, soothe infections and burns, counteract aging symptoms, enhance immunity, and support heart health.
The Global Cocoa Butter Consumption Market is expanding due to rising consumer health consciousness. It is due to the nutritional benefits of cocoa butter, which has a high concentration of fatty acids. Cocoa butter includes vitamin E, which benefits the body since it aids reproduction, vision, brain, blood, and skin health.
Fatty acids moisturize the skin and form a protective barrier that keeps moisture and prevents dryness. Cocoa butter contains phytochemicals that protect the skin from UV radiation and reduce the incidence of skin disorders.
What are the opportunities in the Cocoa Butter Market?
Consumers highly regard the technology and techniques used in manufacturing cocoa products. As more individuals become aware of the processes and methods used to create cocoa butter, the value of terminal cocoa products rises.
Consumer demand for improved texture, appearance, and flavor has inspired unprecedented levels of innovation globally. Cocoa butter, which adds a delicate smoothness and makes chocolate goods visually appealing, is more in demand in the chocolate industry than ever.
Increasing awareness of the nutritional and therapeutic benefits of cocoa butter and rising demand for chocolate, healthy drinks, and frozen desserts are expected to boost overall market trends in the Global Cocoa Butter Consumption Market from 2022 to 2030.
What are the major challenges confronting the Cocoa Butter Market?
High competition and rigorous regulations are two factors that are expected to impede the expansion of the Global Cocoa Butter Consumption Market. Overconsumption of cocoa butter causes obesity, weight gain, allergy, and skin problems, which are expected to hamper market expansion.
Why is organic Cocoa Butter expected to grow at the fastest CAGR?
Organic Cocoa butter held the highest share of the Global Cocoa Butter Consumption Market in 2020 and is expected to increase at a CAGR of 6.4% between 2022 and 2030. It is due to the numerous health benefits connected with organic cocoa butter. It provides multiple health benefits due to the presence of flavonoids. It aids in the prevention of heart disease, the maintenance of good blood pressure, and the improvement of skin disorders.
Chemical fertilizers and pesticides are not used in the production of organic cocoa. It is also healthier to ingest. Thus people are willing to spend a higher price for organic cocoa. As a result, the organic category is predicted to grow the most in the global cocoa market.
Why is Food & Beverage segment likely to grow the most rapidly throughout the forecast period?
Food & Beverages held the highest share of the Global Cocoa Butter Consumption Market in 2020 and is expected to increase at a CAGR of 6.7% between 2022 and 2030. It is because cocoa butter is primarily used to manufacture confectionery items such as chocolates. It is naturally strong in antioxidants, including many polyphenol and flavonoid antioxidants. It benefits heart health.
Why is the Europe region cementing its global dominance in the Cocoa Butter Market?
Europe dominated the Global Cocoa Butter Consumption Market in 2020, accounting for 35.0% percent of the total, owing to rising demand for deodorized cocoa butter for flavoring. Increased consumer demand for a healthy diet and increased applications in the beauty industry are driving market expansion in this area.
Why does the Asia Pacific have promising opportunities in the Cocoa Butter market?
The Asia Pacific is predicted to be the fastest expanding market throughout the projection period, owing to a growing target population base, increased health consciousness, and a shift in consumer preferences. In the predicted period of 2022-2030, China dominates cocoa butter exports in the Asia Pacific, with India placing second. Increased R&D efforts to introduce enhanced cocoa butter products will likely boost this region’s growth in the near future.
Asian consumers’ desire for chocolate, combined with increased financial worth, is paving the way for Asia to become the next cocoa butter powerhouse.
Global Cocoa Butter Market is consolidated with leading players to form a monopoly. Cocoa butter processors are progressively focusing on strengthening trade relations with the countries exporting cocoa beans. Because the cocoa butter supply chain is so fragmented, trading has played a significant role in industry expansion.
Key global Cocoa Butter Consumption Market strategies include product launches, mergers and acquisitions, joint ventures, and R&D activities.
Some of the key developments that have taken place in the Cocoa Butter Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By Sales Channel:
By Region and Country:
Global Cocoa Butter Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Form, Nature, End-Use, Packaging, Sales Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|