Global Cocoa Butter Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Cocoa Butter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global cocoa butter market report has been segmented as per product form, product type, nature, end-use industry, and region.

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Global Cocoa Butter Market: Overview

Cocoa butter is a type of vegetable fat that is extracted from cocoa beans and it contains various types of fatty acids such as palmitic acid, stearic acid, myristic acid, arachidic acid, and lauric acid. This butter also is known as theobroma oil which is the most popular ingredient across the globe. The cocoa butter is easily available in the market in various forms such as powder, blocks, and liquid associated with aroma and flavor of cocoa. In addition, cocoa butter used as a texture improving ingredient in various personal care products such as lip glosses, skin lotions, and others. This butter also used in confectionery products, ointments, and others at wide range across the globe. Also, cocoa butter is the most preferable ingredient in the production of chocolates across the globe.

Global Cocoa Butter Market: Dynamics

Expanding various industries such as food and beverage, pharmaceutical, cosmetic, and personal care across the globe is a key factor expected to fuel growth of the global cocoa butter market over the forecast period. In addition, growing demand for cocoa butter across the globe due to rising awareness among individuals about various nutritional and medicinal benefits associated with it is another factor driving growth of the global market.

Growing demand for chocolate, frozen desserts, nutritional drinks, and others among individuals and increasing adoption of cocoa butter among various confectionary and personal care products manufacturers resulting in growing demand for cocoa butter across the globe. These are other factors projected to propel growth of the global market over the forecast period.

Furthermore, increasing awareness about various benefits of cocoa butter such as heals chapped lips, prevent skin peeling and dryness, soothes infections and burns, fights signs of aging, raise immunity and improve heart health. This result in a growing demand for cocoa butter across the globe is a factor expected to fuel growth of the global market during the forecast period.

However, the availability of cocoa butter substitutes such as soybean oil, palm oil, cottonseed oil, and others in the market is the major factor expected to hamper growth of the global cocoa butter market.

Global Cocoa Butter Market: Segment Analysis

Increasing adoption of blocks of cocoa butter among various industries such as cosmetics, food and beverage, and others across the globe is the primary factor driving revenue growth of the block segment among the product form segment.

Global Cocoa Butter Market: Region Analysis

The Europe cocoa butter market accounted for the highest revenue share in the global market followed by the market in North America. High development and launch of various cosmetics products such as soaps, moisturizing creams, and others products and rapid adoption of cocoa butter in the chocolate production in various countries such as France, Germany, Italy, Canada, and the US in these regions. The market in the Asia Pacific is expected to register significant growth in the global market, owing to the expanding chocolate industry in countries such as India and China in this region. The market in Latin America and Middle East & Africa are projected to register moderate growth in terms of revenue, owing to high adoption of cocoa butter for the production of toiletries, ointments, and other products in countries in these regions.

Global Cocoa Butter Market Segmentation:

Segmentation by Product Form:

Powder
Blocks
Liquid

Segmentation by Product Type:

Deodorized
Natural

Segmentation by Nature:

Conventional
Organic

Segmentation by End-use Industry:

Pharmaceutical
Food and Beverage
Cosmetics and Personal Care