Cocoa butter is an edible vegetable fat that is extracted from the cocoa beans. Butter from the cocoa mass is extracted by horizontal presses or continuous expeller presses. Cocoa butter is used in making chocolates and toiletries due to its cocoa flavor, aroma and healing properties. Cocoa butter is among the most stable fats known, hence, it has an excellent shelf life. Also, cocoa butter has therapeutic properties which find applications in treating hair loss, skin irritation, and other health issues. It contains high proportion of monounsaturated oleic acid as well as unsaturated fats.
The "Global Cocoa Butter Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cocoa butter market with detailed market segmentation by category, form, application, and geography. The report provides key statistics on the market status of the leading cocoa butter market players and offers key trends and opportunities in the market.
- Based on category, the global cocoa butter market is segmented into organic and conventional.
- Based on form, the global cocoa butter market is segmented into blocks, powder, liquid, and others.
- Based on application, the global cocoa butter market is segmented into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, dips, sauces, & dressings, and others.
- High demands from food and beverage coupled with demands from the cosmetic industry for manufacturing lotions and other toiletries.
- Several medicinal and nutritional benefits associated with the product.
- The demand-supply gap in the product.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cocoa butter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cocoa butter market in these regions.
IMPACT OF COVID-19 ON COCOA BUTTER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry are one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
The report covers key developments in the cocoa butter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cocoa butter market are anticipated to witness lucrative growth opportunities in the future with the rising demand for cocoa butter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cocoa butter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Barry Callebaut AG
- Bolmay Cocoa
- Cargill, Incorporated
- Chocolate Alchemy
- Dutch Cocoa B.V.
- JB Foods Limited
- Jindal Cocoa
- Natra S.A.
- NOW Health Group, Inc.
- Olam International Limited
- Cirana, Inc
- United Cocoa Processor
- Guan Chong Berhad (GCB)
- Cocoa Family
- Moner Cocoa, S.A.
- Wuxi Huadong Cocoa Food Co., Ltd.
- Shirin Asal Food Industrial Group PJSC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.