Cocoa Butter Equivalent (CBE) Market Set to Surge - Key Insights You Must Know

Cocoa Butter Equivalent (CBE) Market Size

The global Cocoa Butter Equivalent (CBE) revenue was US$ 1246 million in 2022 and is forecast to a readjusted size of US$ 1760.3 million by 2029 with a CAGR of 5.0% during the forecast period (2023-2029).

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Cocoa Butter Equivalent (CBE) is a Fats & Oils ingredient type, widely used in Chocolate and Confectionery. It is valued as a Cocoa Butter Alternative.

In India, the Cocoa Butter Equivalent (CBE) revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

Global cocoa butter equivalent (CBE) main manufacturers include AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Mewah Group, Nisshin Oillio, Manorama Group, FGV IFFCO, Musim Mas, EFKO, etc., totally accounting for about 57%. Europe is the largest market, with a share over 45%. As for the types of products, it can be divided into shea butter, palm oil, sal fat, kokum butter and mango butter. Shea butter is the largest segment, holding a share over 42%. In terms of application, it can be divided into Confectionery, Food & Beverage and Cosmetics. Confectionery is the largest segment, with a share over 54%.

This report focuses on global and India Cocoa Butter Equivalent (CBE) market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Cocoa Butter Equivalent (CBE) will continue to grow rapidly in the future.

Global Cocoa Butter Equivalent (CBE) Scope and Market Size

Cocoa Butter Equivalent (CBE) market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Cocoa Butter Equivalent (CBE) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Cocoa Butter Equivalent (CBE) market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• Shea Butter
• Palm and Palm Kernel Oil
• Sal Fat
• Kokum Butter
• Mango Butter

By Application
• Confectionery
• Food & Beverage
• Cosmetics

Key Companies
AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Mewah Group, Nisshin Oillio, Manorama Group, FGV IFFCO, Musim Mas, EFKO

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