Cocoa Butter Alternatives Market report is in-depth study on how the status is for the industry. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It also includes profiles of leading companies and brands that are driving the market with their recent developments, product launches, joint ventures, merges, and accusations.
The global cocoa butter alternatives market is segmented into North America, Europe, Asia Pacific & Rest of the world. North America region is estimated to account for the significant market proportion in the global cocoa butter alternatives market and the trend is expected to continue throughout the forecast period of 2017-2023. North America region is estimated to reach USD 555.7 million by the end of 2023 with registering a CAGR of 9.85% during the forecast period. Asia Pacific region is projected to expand at a high growth of 9.85% during the forecast period.
Some of the key players operating in the global Cocoa Butter Alternatives market are isshin OilliO Group, Ltd. (Japan), Fuji Oil Holdings, Inc. (Japan), Cargill, Incorporated (U.S.), Bunge Ltd. (U.S.), Wilmar International Ltd. (Singapore), AAK AB (Sweden), Danisco A/S (Denmark), 3F Industries Ltd. (India), and Felda IFFCO Sdn. Bhd. (Malaysia)
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Lower production of cocoa beans has highly affected their prices, thereby experiencing surge. Further, rise in cocoa butter prices have compelled the manufacturers to incline towards alternatives that are cheaper and more readily available and those that are derived from natural sources. Cocoa butter alternatives majorly comprise of fats that are further segmented into three types including cocoa butter replacer (CBRs), cocoa butter equivalents (CBEs) and as cocoa butter substitutes (CBSs).
In addition to the lower prices, the fatty acid compositions of cocoa butter alternatives are like that of cocoa butter and, they can be processed in the similar way as that of the later. In conclusion, the similar properties of cocoa butter alternatives create a lucrative market scenario for the manufacturers involved in the production of fats as cocoa butter alternatives.
The reports also cover country-level analysis:
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the world
o Latin America
o Middle East
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Table of Content:
5Market Factor Analysis
6Global Cocoa Butter Alternatives Market, By Process
7Global Cocoa Butter Alternatives Market, By Application
8Global Cocoa Butter Alternatives Market, By Technology
9Global Cocoa Butter Alternatives Market, By Region
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• Among the type, cocoa butter equivalents segment is expected to account for the major market proportion during the forecast period of 2017-2023. However, cocoa butter replacers is projected to expand at a substantial growth rate of 8.54% during the forecast period.
• Among the sources, shea segment is expected to witness growth rate of 9.64% during the forecast period of 2017-2023. Sal, Kokum & Mango Kernel segment is projected to expand a growth rate of 8.94% during the forecast period.
Regional and Country Analysis of Cocoa butter alternatives Market Development and Demand Forecast to 2023 Market:
As per the RFM analysis, the global cocoa butter alternatives market is estimated to reach USD 1.25 billion during forecast period 2017 to 2023 with registering A CAGR of 9.07%
• Food & beverages manufacturers
• Cocoa butter alternatives manufacturers
• Raw material suppliers
• End users (food & beverages industry)
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters
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