According to UnivDatos, the Global Cocoa butter market is expected to register a CAGR of around 8% over the period of 2021-2027. A rise in disposable income increased the application of cocoa butter in the food & beverage, cosmetics, and pharmaceutical industries, and increased consumer awareness of cocoa butter's nutritional and therapeutic benefits are some of the prominent factors driving the market for cocoa butter across the globe. The global expansion of many industries, including food and beverage, pharmaceuticals, cosmetics, and personal care, is fueling the growth of the cocoa butter Market. Also, consumer demand for better texture, appearance, and flavor has paved the way for new levels of creativity across the globe. Cocoa butter which is responsible for imparting delicate creaminess and makes chocolate products visually appealing is in demand in this industry more than ever before.

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Based on type, the market is classified into Natural, Deodorized, and Semi-deodorized. The natural segment grabbed a significant market share in 2020. Natural cocoa butter offers various health benefits. Natural cocoa butter is made by the extraction process and conventional cocoa butter is made by a pure prime extraction process. It is fully deodorized by a physical process that is mostly used for chocolate production.

Based on form, the market is categorized into Blocks, Powder, and Liquid. Among these segments, the liquid segment is expected to witness the highest CAGR during the forecast period. The growing share of the liquid segment is attributed to the growing demand for processed food, packaged food, confectionery, etc., as this form of cocoa butter plays a major role in products such as ready-to-eat, processed food, etc. Moreover, the growing demand for products such as chocolates and confectioneries is also helping the liquid segment to grow.

For a better understanding of the market adoption of the Cocoa butter industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Europe is expected to witness the highest CAGR during the forecast period on account of the rising demand from the bakery and confectioneries. However, North America would witness a considerable CAGR during the forthcoming years.

Some of the major players operating in the market include Chr. Hansen Holding A/S, Naturex, Cargill, Incorporated, Natra S.A., Barry Callebaut AG, Bolmay Cocoa, SunOpta, Inc., Olam International Ltd, ECOM Agroindustrial Corporation, JB Foods Ltd, etc., 

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Global Cocoa butter Market Segmentation

Market Insight, by Type

·        Natural

·        Deodorized

·        Semi-deodorized

Market Insight, by Form

·        Blocks

·        Powder

·        Liquid

Market Insight, by End-User

·        Food and Beverage Industry

·        Pharmaceuticals

·        Personal Care and Cosmetics

·        Others

Market Insight, by Distribution Channel

·        Retail Stores

·        Supermarket/ Hypermarket

·        E-Commerce

·        Others

Market Insight, by Region

·        North America

o  U.S.

o  Canada

o  Rest of North America

·        Europe

o  UK

o  France

o  Germany

o  Spain

o  Italy

o  Rest of Europe

·        Asia-Pacific

o  China

o  India

o  Australia

o  Rest of Asia-Pacific

·        Rest of World

Top Company Profiles

•      Chr. Hansen Holding A/S

•      Naturex

•      Cargill, Incorporated

•      Natra S.A.

•      Barry Callebaut AG

•      Bolmay Cocoa

•       SunOpta, Inc.,

•      Olam International Ltd

•      ECOM Agroindustrial Corporation

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