Cocoa Butter and Equivalent Market Report: Trends, Forecast and Competitive Analysis to 2030

Cocoa Butter and Equivalent Market Report: Trends, Forecast and Competitive Analysis to 2030

Cocoa Butter and Equivalent Trends and Forecast

The future of the global cocoa butter and equivalent market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets. The global cocoa butter and equivalent market is expected to reach an estimated $8.3 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing demand for chocolate worldwide, expanding application of this product in cosmetics industry, and increasing consumer demand for sun and skin care goods.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Cocoa Butter and Equivalent by Segment

The study includes a forecast for the global cocoa butter and equivalent by type, application, end use, and region.

Cocoa Butter and Equivalent Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Shea Butter
•  Palm Oil
• Kokum Butter
• Illipe Butter
• Others

Cocoa Butter and Equivalent Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverages
• Pharmaceuticals
• Personal Care
• Others

Cocoa Butter and Equivalent Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Consumer
• Industrial
• Others

Cocoa Butter and Equivalent Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cocoa Butter and Equivalent Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cocoa butter and equivalent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cocoa butter and equivalent companies profiled in this report include-

• Cargill
• Bolmay Cocoa
• Olam International
• JB Foods
• Barry Callebaut
• Natra
• AAK
• Fuji Oil Holdings
• Wilmar International
• 3F Industries

Cocoa Butter and Equivalent Market Insights

Lucintel forecasts that shea butter is expected to witness the highest growth over the forecast period due to its extensive use in cosmetics and personal care products.

Within this market, food & beverage is expected to witness the highest growth.

Europe is expected to witness the highest growth over the forecast period due to high chocolate consumption and existence of well-established food industry in the region.

Features of the Global Cocoa Butter and Equivalent Market

Market Size Estimates: Cocoa butter and equivalent market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cocoa butter and equivalent market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Cocoa butter and equivalent market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the cocoa butter and equivalent market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cocoa butter and equivalent market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the cocoa butter and equivalent market size?

Answer: The global cocoa butter and equivalent market is expected to reach an estimated $8.3 billion by 2030.

Q2. What is the growth forecast for cocoa butter and equivalent market?

Answer: The global cocoa butter and equivalent market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cocoa butter and equivalent market?

Answer: The major drivers for this market are growing demand for chocolate worldwide, expanding application of this product in cosmetics industry, and increasing consumer demand for sun and skin care goods.

Q4. What are the major segments for cocoa butter and equivalent market?

Answer: The future of the cocoa butter and equivalent market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets.

Q5. Who are the key cocoa butter and equivalent market companies?

Answer: Some of the key cocoa butter and equivalent companies are as follows:

• Cargill
• Bolmay Cocoa
• Olam International
• JB Foods
• Barry Callebaut
• Natra
• AAK
• Fuji Oil Holdings
• Wilmar International
• 3F Industries

Q6. Which cocoa butter and equivalent market segment will be the largest in future?

Answer: Lucintel forecasts that shea butter is expected to witness the highest growth over the forecast period due to its extensive use in cosmetics and personal care products.

Q7. In cocoa butter and equivalent market, which region is expected to be the largest in next 5 years?

Answer: Europe is expected to witness the highest growth over the forecast period due to high chocolate consumption and existence of well-established food industry in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the cocoa butter and equivalent market by type (shea butter,  palm oil, kokum butter, illipe butter, and others), application (food & beverages, pharmaceuticals, personal care, and others), end use (consumer, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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