Press release
Deodorized Cocoa Butter Market Forecast and Trends Analysis Research Report 2021 to 2031
The preference for natural and high quality texturizing agents among food & beverage and personal care manufacturers is increasing. Thus, customized cocoa butter to suit consumer preferences and palate is on the rise.In terms of competition, cocoa butter variants are becoming increasingly popular due to increasing health consciousness amongst end users and cost-effectiveness amongst manufacturers. Demand for cocoa butter is expected to soar exponentially and is projected to create an absolute $ opportunity of around US$ 2.5 Bn during forecast period 2019 – 2028.
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The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Cocoa Butter.
Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
The Market survey of Cocoa Butter offers a comprehensive analysis of diverse features, including production capacities analysis of Cocoa Butter, demand, product developments, revenue generation, and Size of Cocoa Butter Market across the globe.
Key Takeaways of Global Cocoa Butter Market
Deodorized type cocoa butter accounts for more than half of the market share and is expected to show significant growth during period of forecast, due to increased demand from food and beverages manufacturers.
Confectionary application of cocoa butter is a major contributor to the global cocoa butter consumption and is projected to grow 1.7X during the forecast period, owing to its increased demand in animal feed industry.
Cocoa butter market in Europe holds more than half of the market share. Moreover, increasing consumer inclination towards cocoa butter is projected to propel the market at a notable growth rate as compared to other regions.
Conventional nature of cocoa butter holds more than 90% of market share. However, organic trends are pushing the growth of organic cocoa butter resulting in increasing market share of organic cocoa butter during forecast period.
According to The National Entrepreneurship Development Company Limited (NEDCO), cocoa market is expected to be pegged at 4.5 MMT, by 2020 which will boost the cocoa butter production in coming years.
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Some Notable Offerings by Fact.MR Report on Cocoa Butter market:
• We will provide you an analysis of the extent to which this Cocoa Butter market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.
How Fact.MR Assists in Making Strategic Moves For Cocoa Butter Market Manufacturer?
The data provided in the Cocoa Butter market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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Emerging Countries Present Lucrative Opportunities for Tier 1 Players Operating In Cocoa Butter Market
Tier 1 cocoa butter market players such as Cargill Inc., Shirin Asal Food Industrial Group PJSC., Olam International Ltd etc, have been expanding their footprint in potential markets such as India, and China.
In countries like India, the duty on cocoa beans has been reduced drastically, which has resulted in increased import of cocoa beans and an increase in the processing capacity of cocoa butter, liquor and powder.
These factors are creating notable opportunities for tier 1 players to expand their production facilities in emerging markets.
After reading the Market insights of Cocoa Butter Report, readers can:
• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Cocoa Butter market revenue.
• Study the growth outlook of Cocoa Butter market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Cocoa Butter market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Cocoa Butter Market Players.
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