Global cocoa butter industry is expected to grow at a CAGR of 5.1% between 2020 and 2025

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DUBLIN, October 12, 2021– (COMMERCIAL THREAD)–The “Cocoa Butter Market – Global Industry Analysis (2017 – 2020) – Growth Trends and Market Forecast (2021 – 2025)” report was added to ResearchAndMarkets.com offer.

As its benefits extend to cosmetics and pharmaceuticals from food, the market is expected to register a CAGR of 5.1% between 2020 and 2025.

The global chocolate and confectionery industry will be the main competitor in the global cocoa butter market, as the ingredient imparts a unique flavor and texture to the finished products. Chocolate makers around the world have always used cocoa butter for its seductive aroma. As sales of chocolate in various forms continue to skyrocket, this will dramatically increase the demand for cocoa butter. The launch of premium chocolates, the use of chocolate as a flavoring in cereals, candies and bars, baked goods, syrups, coatings and fillings and beverages should bode well for the global market cocoa.

Companies mentioned

  • Olam International Ltd

  • Barry callebaut

  • Cargill Incorporated

  • Archer-Daniels-Midland Company

  • SunOpta Inc

  • NATRA

  • Guan Chong Berhad Group

  • JBCOCOA Sdn. Bhd

  • Moner Cacao, SA

  • United Cocoa Processor, Inc

Cocoa Butter Market Overview:

  • Food segment to register 5.2% CAGR in global cocoa market as companies experiment with flavors

  • Cosmetics segment to grow 1.3 fold between 2020 and 2025 as consumers realize the benefits of cocoa butter in skin care products

  • European cocoa butter market to gain additional $ 886.4 million dollar opportunity by 2025

  • Companies should focus on voluntary sustainability standards (NSV) in cocoa harvesting to bridge the growing socio-economic divide in major producing countries

Cocoa butter, a rich natural fat, has multiple benefits when added to cosmetics. As a growing number of cosmetics companies are realizing, they have increased sales of cocoa butter. The restorative properties have earned cocoa butter a permanent place in the production of emollients that penetrate the skin and repair damage, restoring radiance. Its primary nature of hydrating the skin has gained increased attention from most cosmetic companies, making it an essential ingredient in the wide range of moisturizers, balms, and creams. As skin care becomes an integral part of urban youth, the demand for products fortified with cocoa has reached new heights.

The food industry will continue its historic trend of being a major consumer of cocoa butter. Used in a wide range of food products, the growing number of home bakers, the increased attractiveness of artisan bakers and the launch of new products will increase the consumption of cocoa in this industry. Ready-to-eat, frozen foods, chocolate drinks and ready-to-bake products are expected to drive demand for cocoa butter in the coming years. A culinary trend that leans toward quick fixes and easy fixes is expected to have an indirect impact on the global cocoa butter market as consumers crave the desirable chocolate flavor.

Historically, Côte d’Ivoire, Nigeria and Ghana have been the main cocoa butter producing countries, making West Africa a leading region in the world market. However, key volumes are also produced in the Dominican Republic, Ecuador and Peru. West Africa is expected to maintain its lead in the years to come while South America will remain the second largest contributor to world production.

In terms of consumption, Asia-Pacific is expected to become an undisputed leader as income growth for the entire population has exploded. The region is expected to gain an additional opportunity of $ 248.8 million by 2025. Improving access to bakery products, confectionery products and packaged food and drink is expected to boost the regional market. Investments in artisan bakeries by the mainstays of the hospitality industry in the developing economies of India and China, a population characterized by a younger population, and higher expenditure on flavored drinks are expected to increase butter consumption. of cocoa in this region.

Main topics covered:

1. Summary

2. Market overview

2.1. Market definitions

2.2. Market taxonomy

2.3. Market dynamics

2.3.1. Conductors

2.3.2. Constraints

2.4. Value chain analysis

2.5. Porter’s Five Forces Analysis

2.6. Covid-19 impact assessment

3. World statistics on cocoa and cocoa butter production and trade

3.1. Overview of world cocoa production

3.2. Global Cocoa Bean Volume Processor Analysis

3.3. Overview of global cocoa consumption

3.4. Overview of world cocoa bean exports

3.5. Overview of world cocoa bean exports

3.6. Global analysis of cocoa bean prices

3.7. Presentation of the cocoa butter production process

3.8. Export overview of cocoa butter, fat and oil

3.9. Overview of importing cocoa butter, fat and oil

3.10. Cocoa butter price analysis

4. Global Cocoa Butter Market Outlook, 2017-2025

5. North America Cocoa Butter Market Outlook, 2017-2025

6. Europe Cocoa Butter Market Outlook, 2017 – 2025

7. Asia-Pacific Cocoa Butter Market Outlook, 2017-2025

8. Latin America Cocoa Butter Market Outlook, 2017-2025

9. Middle East & Africa Cocoa Butter Market Outlook, 2017-2025

10. Competitive landscape

11. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/fuie1e

See the source version on businesswire.com: https://www.businesswire.com/news/home/202111012005547/en/

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