Cocoa Butter Market Report, Size 2021 by Top Countries Data, Industry Analysis by Regions, Revenue, Share, Development, Tendencies and Forecast to 2027

A comprehensive overview of the global Cocoa butter market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Cocoa butter market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The global Cocoa butter market is likely to showcase a robust growth of around ~8% during the forecast period (2021-2027).

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Market Overview

The surging consumption of chocolates across countries is one of the prominent reasons driving the demand for cocoa butter. The global chocolate consumption was estimated at 8 million tons in 2021 and the global per capita chocolate consumption stands at 0.9 kg per year. Chocolates are made from cocoa beans which are roasted and processed. According to National Confectioners Association, approximately 800 cocoa beans are needed to make one kilogram of chocolate. Each cocoa tree produces about 2,500 beans in a year.
Demand for chocolate is driving deforestation in the Ivory Coast, which produces more than 30% of the world's cocoa, and around 90% of the country's forests have been destroyed since 1960. Chocolate consumption has been scientifically linked to a longer life. A few pieces of chocolate every month may make your life both sweeter and longer, according to the Harvard School of Public Health. A survey of healthy 65-year-old men revealed that those who ate sweets containing chocolate reportedly lived longer. Mortality was lowest among those consuming chocolate 1-3 times a month and higher among those who indulged in the habit 3 or more times a week. Surprisingly, non-consumers had the highest mortality of all. As with most things in life, moderation seems to be paramount.

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COVID-19 Impact

COVID-19 first began in China in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry are one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

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The global Cocoa butter market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By end-user, the market is primarily bifurcated into:
• Food and Beverage Industry
• Pharmaceuticals
• Personal Care and Cosmetics
• Others

Based on end-user, the market is classified into Food and Beverage Industry, Pharmaceuticals, Personal Care and Cosmetics, and Others. The food and beverage segment grabbed the major market share and dominated the market in 2020. The growing number of home bakers, higher appeal of artisanal bakers, and launch of new products will up the consumption of cocoa in this industry contributing to the growing share of this segment.
By distribution channel, the market is primarily bifurcated into:
• Retail Stores
• Supermarket/ Hypermarket
• E-Commerce
• Others

Based on distribution channels, the market is categorized into Retail Stores, Supermarkets/Hypermarkets, E-Commerce, and Others. Among these hypermarkets/supermarkets, the segment grabbed the major market share and dominated the market in 2020. However, the e-commerce segment would witness the highest CAGR during the forthcoming years.

Global Cocoa butter Market Geographical Segmentation Includes:
• North America
• United States
• Canada
• Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• Rest of the World

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. The Europe region dominated the global cocoa butter market in 2020. But, North America is expected to witness the highest CAGR during the forecast period owing to the emerging number of food and beverage plants and growing demand for processed food and bakery items in the countries such as the united states and Canada.

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The major players targeting 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

Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global cocoa butter market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the global cocoa butter market?
• Which factors are influencing the global Cocoa butter market over the forecast period?
• What are the global challenges, threats, and risks in the global cocoa butter market?
• Which factors are propelling and restraining the global cocoa butter market?
• What are the demanding global regions of the global cocoa butter market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?

Table of content:-

1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL COCOA BUTTER MARKET COVID-19 IMPACT
6 GLOBAL COCOA BUTTER MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY FORM
9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
10 MARKET INSIGHTS BY END-USE
11 MARKET INSIGHTS BY REGION
12 COCOA BUTTER DYNAMICS
13 COCOA BUTTER MARKET OPPORTUNITIES
14 COCOA BUTTER MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER

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