Global Cocoa Butter Equivalent (CBE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cocoa Butter Equivalent (CBE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cocoa Butter Equivalent (CBE) is a Fats & Oils ingredient type, widely used in Chocolate and Confectionery. It is valued as a Cocoa Butter Alternative.

Market Overview:

The latest research study on the global Cocoa Butter Equivalent (CBE) market finds that the global Cocoa Butter Equivalent (CBE) market reached a value of USD 1063.26 million in 2022. It’s expected that the market will achieve USD 1469.56 million by 2028, exhibiting a CAGR of 5.54% during the forecast period.

Excellent performance of Cocoa Butter Equivalent (CBE)

Unlike the production process of Cocoa Butter Replacer, Cocoa Butter Equivalent (CBE) mainly adopts the production methods of purification, distillation and temperature adjustment. Therefore, Cocoa Butter Equivalent itself does not have the trans fatty acids that Cocoa Butter Replacer has, which reduces the risk of people suffering from diabetes, dementia and heart disease. Because of this, the price of Cocoa Butter Equivalent is higher than that of Cocoa Butter Replacer. But compared with natural cocoa butter, Cocoa Butter Equivalent raw materials are cheaper and have lower storage requirements. Foods made with CBE have a longer shelf life. CBE also gives chocolate a higher melting point, which may benefit brands sold in tropical regions.
Chocolate products made with the finest cocoa butter have a smooth mouth and rich flavor, especially at 30.0-35.0 ° C. The flavor of Cocoa Butter Equivalent and natural cocoa butter are almost the same. Cocoa Butter Equivalent is not easy to frost, and its melting point is similar to natural cocoa butter. This series of advantages has promoted the development of the Cocoa Butter Equivalent (CBE) industry market.

Output shortage

Naturally regenerated shea butter mainly grows in farmland in West Africa; however, because trees take 15 years to reach full ripe fruit and are often felled and used as charcoal, producers are concerned about shea butter shortage. At the same time, the sustainability of Palm and Palm Kernel Oil in the main CBE is also unstable. This poses a challenge to the development of the global cocoa butter equivalent industry market. As the use of CBE becomes more and more widespread, the two cocoa butter equivalent production models should be closely monitored, as a decline in supply may increase the risk of adulteration.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (37.17% in 2022).

Company Overview:

AAK is one of the major players operating in the Cocoa Butter Equivalent (CBE) market, holding a share of 14.53% in 2023.

AAK

AAK, formerly AarhusKarlshamn, is a Swedish-Danish company and producer of value-adding vegetable oils and fats. The company's products are used in a wide variety of applications in the food, confectionery, pharmaceutical, cosmetic, chemical and animal feed industries.

Olam International

Olam International is a leading food and agri-business company in the world, operating from seed to shelf in 70 countries, supplying food and industrial raw materials to over 23,000 customers worldwide. Olam is one of the world's largest suppliers of cocoa beans and products, coffee, cotton and rice.

Segmentation Overview:

As for product types, the Palm and Palm Kernel Oil segment held the largest market share in 2022.

Application Overview:

In the Cocoa Butter Equivalent (CBE) market, 53.45% of the total value was generated through the Confectionery segment by application in 2022.

Key Companies in the global Cocoa Butter Equivalent (CBE) market covered in Chapter 3:

Wilmar International
AAK
Musim Mas
Manorama Group
Felda Iffco
Olam International
Mewah Group
Nisshin Oillio Group, Ltd
Fuji Oil
Bunge

In Chapter 4 and Chapter 14.2, on the basis of types, the Cocoa Butter Equivalent (CBE) market from 2018 to 2029 is primarily split into:

Shea Butter
Palm and Palm Kernel Oil
Sal Fat
Kokum Butter
Mango Butter

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cocoa Butter Equivalent (CBE) market from 2018 to 2029 covers:

Confectionery
Food & Beverage
Cosmetics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)