Global Cocoa Butter and Equivalents Market Key Players:Cargill, Bolmay Cocoa, Olam International, JB Foods, Barry Callebaut, Natra S.A., AAK AB, Fuji Oil Holdings Inc., Wilmar International Ltd., 3F Industries

The Global Cocoa Butter & Equivalents is expected to generate USD 8.55 billion by the end of 2028, up from USD 5.76 billion in 2021. The growth in global economies, changing lifestyles, rising demands of skin and sun care products due to varying climatic conditions encourages the growth of the market for cosmetics. A shift of preference towards natural and organic beauty products, particularly in U.S. and European countries, fosters the growth of cosmetic products made with cocoa butter.

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The cocoa butter and equivalents market refers to the market for cocoa-based fats used in the food and beverage industry. Cocoa butter is a vegetable fat that is extracted from cocoa beans and is widely used in the production of chocolate, confectionery, and baked goods. Cocoa butter equivalents (CBEs) are other vegetable fats or blends that can be used as a substitute for cocoa butter.

The cocoa butter and equivalents market is driven by the growing demand for chocolate and confectionery products worldwide. The market is also influenced by trends in the food industry, such as the shift towards healthier and more sustainable ingredients.

The demand for cocoa butter and CBEs is expected to grow in the coming years, driven by factors such as rising consumer demand for chocolate and confectionery products, the increasing popularity of premium chocolate products, and the growing trend towards clean label and plant-based ingredients. In addition, the use of cocoa butter and CBEs in non-food applications, such as cosmetics and personal care products, is also expected to contribute to the growth of the market.

The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Cargill, Bolmay Cocoa, Olam International, JB Foods, Barry Callebaut, Natra S.A., AAK AB, Fuji Oil Holdings Inc., Wilmar International Ltd., 3F Industries. These companies are investing in research and development to develop new and innovative products and to improve the sustainability and traceability of their supply chains.

During the forecast period, 2023-2028, the global Cocoa Butter and Equivalents is expected to expand at a CAGR of 6.56%. As the global population continues to increase, so does the demand for cocoa butter in a variety of chocolate-based products. Rising Chocolate demand across the globe has been driving the market of cocoa butter & CBEs for a very long time. The up-surging trend of increasing use of various types of CBEs such as Palm oil, shea butter, and mango butter instead of cocoa butter has backed the market at a strong growth rate.

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Overall, the cocoa butter and equivalents market is expected to continue to grow in the coming years, driven by increasing consumer demand for chocolate and confectionery products, as well as trends towards healthier and more sustainable ingredients.

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