Cocoa Butter Market – Global Industry Dynamics 2019-20, Trends and Forecast, 2021-2028

Cocoa butter, also known as theobroma oil, is a type of vegetable fat, which is extracted from whole cocoa beans after the roasting and fermentation process. Cocoa butter is extracted from cocoa beans and it is rich in saturated fats, calories, stearic acid, oleic acid, and palmitic acid. Cocoa butter is used to prevent skin peeling and dryness, heals fights signs of aging, chapped lips, soothes infections and burns, and helps improve heart health. Ivory Coast is one of the largest producers of cocoa. Furthermore, cocoa beans are native to South American countries. The cocoa butter is used in the production of ointments, chocolates, pharmaceuticals, and toiletries. It is also used for cocoa flavor and aroma of cocoa beans. Cocoa butter helps treat several health issues such as hair loss, skin irritation, and other health issues. Cocoa butter contains flavonoids, which have various health benefits that help to maintain healthy blood pressure, reduction of heart disease, and improve skin conditions.

Driving Factors

  • The cocoa butter market is growing gradually based on its nutritional and medicinal benefits

  • Demand for cocoa butter is expected to increase at a rapid pace during the forecast period. Growth of the global cocoa butter market is anticipated to be driven by increasing concerns among consumers regarding their health and skin problems, which is resulting in a shift in consumer preference toward natural and nutraceuticals alternatives.

  • Consumer spending on cocoa butter is growing due to increasing disposable income in countries such as China, India, and the U.S. This in turn has catalyzed the growth of the cocoa butter market over the past few years. Moreover, rising awareness among consumers on fitness is driving the growth of the cocoa butter market.

  • Growing demand for products containing natural extracts to maintain hygiene and health, along with beauty care by consumers is anticipated to boost the cocoa butter market. The Asia Pacific is projected to be a major market for cocoa butter during the forecast period.

  • The cocoa butter market is anticipated to grow rapidly during the forecast period. The growing health consciousness among consumers is projected to boost the market during the forecast period.

  • An increasing trend where manufacturers are focused on the reformulation of the ingredient’s content in food & beverages to ascertain health benefits, along with the taste is further anticipated to drive the cocoa butter market

  • Cocoa butter increases concentration among people and eliminates stress and exhaustion. All these benefits of cocoa butter are making it popular among people and driving the cocoa butter market in the developed as well as developing regions.

Restraining Factors

  • In addition to several benefits, cocoa butter also has some side effects. Over intake of cocoa butter can lead to obesity/weight gain, skin reactions, allergy, and heart & respiratory problems. These side effects are, therefore, restraining the growth of the cocoa butter market.

Market Segmentation

  • The global cocoa butter market can be segmented based on form, type, end-user, distribution channel, and region

  • Based on form, the global cocoa butter market can be classified into liquid and solid

  • In terms of type, the global cocoa butter market has been categorized into conventional, organic, and deodorized cocoa butter

  • Based on end-user, the cocoa butter market has been divided into the pharmaceutical industry, food industry, cosmetics & personal care industry, and aromatherapy

  • In terms of distribution channel, the global cocoa butter market has been bifurcated into direct and indirect

  • Based on region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

Competition Landscape

  • Key players operating in the global cocoa butter market include Jindal Cocoa, Cargill Incorporated., JB FOODS Limited, Chocolate Alchemy, Cocoa Mae, Carst & Walker (C&W), and Dietz Cacao Trading B.V., among others.

Segments

  • By Form

    • Liquid

    • Solid

  • By Type

    • Conventional

    • Organic

    • Deodorized

  • By End-User

    • Pharmaceutical Industry

    • Food Industry

    • Cosmetics & Personal Care Industry

    • Aromatherapy

  • Distribution Channel

    • Direct

    • Indirect

  • Region

 

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