Cocoa Butter Equivalent Market was valued at USD 605 million in 2018, growing at a significant CAGR during the forecast period of 2021–2026.

Cocoa Butter Equivalent Market 2021

Cocoa butter equivalent (CBE) is one of the major substitutes to cocoa butter for manufacturing chocolate and confectionary products. Additionally, CBE offers temperature stability and texture to the chocolate. Chocolate and confectionery industry is one of the leading consumers of CBE. According to cocoa organization, approximately, over 4,100 chocolate manufacturers are present across the globe. Cocoa butter equivalent is majorly used in dark and white chocolate manufacturing and their increased sale is boosting the demand for CBE further.   For instance, the sale of dark chocolate and milk chocolate increased by 9% and 6% respectively in 2018. Moreover, rising global population is driving the growth of the food industry. For instance, according to the USA facts, in 2017 U.S. population accounts at approximately 325.7 million. Similarly, according to Office for National Statistics, approximately 66 million was the population count of U.K in 2017.

Get a  Sample copy of this report :
https://straitsresearch.com/report/cocoa-butter-equivalent-cbe-market/request-sample

The Major Manufacturers Covered in this Report:
AAK AB, Fuji Oil Holdings Inc., Wilmar International Ltd, 3F Industries Limited, Felda Iffco LLC, Manorama Industries Limited, Bunge Limited, ADM (Archer Daniels Midland) and Makendi Worldwide.

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Type

Palm Oil
Shea Butter
Sal Fat
Others

By Application

Food & Beverages
Pharmaceutical & Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Cocoa Butter Equivalent Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Cocoa Butter Equivalent Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Cocoa Butter Equivalent Market sub-markets, depending on key regions (various vital states).
To analyze the Global Cocoa Butter Equivalent Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Cocoa Butter Equivalent Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Cocoa Butter Equivalent Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

Explore Full Report with Detailed TOC, Charts, Tables and Figures@
https://straitsresearch.com/report//cocoa-butter-equivalent-cbe-market/

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Straits Research is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.

This release was published on openPR.