The Cocoa Butter Alternatives Market is estimated to develop and grow during the period, 2017 to 2025.
What Are the Driving Factors for the growth of the Cocoa Butter Alternatives Market?
- Increasing research activities in the field of alternative fats and oil products
- Growing demand for cost-effective personal care & baked products, confectioneries
- Rising consumer consciousness, demand for cocoa flavored cost effective processed confectioneries
|By Types||Cocoa Butter Substitutes, Cocoa Butter Replacer, Cocoa Butter Equivalent and others|
|By End-Use Industry||Food & Beverages, Pharmaceuticals, Feed, Cosmetics, Toiletries and others|
|By Regions||North America, Europe, Asia-Pacific, Middle East & Africa, Latin America|
|Singapore||Wilmar International Limited, Mewah Group|
|The U.S.||Cargill, Inc.|
|The Netherlands||Bunge Limited|
Why Buy Cocoa Butter Alternatives Market Report?
- This research report provides in-depth analysis of market determinant factors.
- The cocoa Butter Alternatives Market report analyzes market dynamics for each segment (such as Types, End-Use Industry, Regions).
- This market report provides 8 years forecast by analyzing push and pull factors affecting the dynamics of the market.
- This market research report provides application level cross-sectional analysis for each product type.
- This report provides regional level pricing trend analysis.
- The analysis acts as business decision support system by analyzing key trends in each market segment.
- This market research provides insights regarding business strategies of leading market players.
Cocoa Butter Alternatives Market - Introduction
Cocoa butter is a natural and highly valued fat which contributes to the desirable sensory and textural properties of chocolate and confectionery products. It is a solid state fat and is obtained from seeds of Theobroma cacao. One of the unique compositions of cocoa butter is triglyceride; owing to this the produced chocolate has attributes like brittleness, gloss, hardness, and complete and rapid melting in the mouth. Confectioners are forced to seek more readily available and cheaper alternative fats derived from different natural sources due to increasing price volatility of cocoa butter. Additionally, cocoa butter alternative fats are segmented into three prime categories owing to their end use applications, for instance, cocoa butter equivalent (CBE), cocoa butter replacers (CBR) and cocoa butter substitutes (CBS). The alternatives of cocoa butter are primarily produced by modifying or blending vegetable fats. Interesterification, hydrogenation, and fractionation are some of the major procedures used to modify Physico-chemical characteristics of fats and oils the cocoa butter alternatives market.
|Base Year of Estimation||2016|
|Value Estimation Year||2017|
|Forecast Period||2017 - 2025|
|Market Segmentations||By Types, End-Use Industry, Regions|
|Regional Scope||North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America|
|Report Coverage||Market Dynamics, Segmentation Overview and Competitive Landscape of the market|
There are some of the limitations associated with the end use of cocoa butter, for instance, erratic supply of cocoa butter in different regions, not suitable for hot climate application, quality variations and expensive than other alternative fats. Owing to these challenges the application of cocoa butter alternatives is increasing in different end-use industries. Cocoa butter equivalents are playing an important role in the market as it is completely compatible with cocoa butter. Cocoa butter equivalents primarily have functionality which is largest among all the alternatives. Lauric and palm oil both are used as some of the prime sources of raw materials in order to obtain economical cocoa butter alternatives. Moreover, palm oil serves as a common raw material in producing alternative fats as it contains symmetrical triglycerides in forming cocoa butter equivalents. With the increasing research and development activities in the field of alternative fats and oil products are one of the major driving factors is contributing to the positive development of the market. Latin America and MEA (The Middle East and Africa) are anticipated to show significant growth rate owing to the increasing demand for cost-effective personal care products and baked and confectioneries.
In some of the countries and regions, food manufacturers are reluctant to use cocoa butter alternatives in fear of consumer backlash. In Europe, chocolate manufacturers are keen on producing confectioneries and chocolates in conventional method by using actual cocoa butter. These trends in this region may hinder the growth of cocoa butter alternatives market. Moreover, different regulations related to food safety and quality maintenance may act as challenges for the cocoa butter alternatives market. However, consumer awareness and demand for cocoa flavored and cost effective, processed confectioneries along with increasing usage of cosmetics and other personal care products across emerging countries of developing nations are some of the prime opportunities in the cocoa butter alternatives market.
By types, the cocoa butter alternatives market has been segmented as cocoa butter substitutes, cocoa butter replacer and cocoa butter equivalent among others. By end-use industry, the market has been segmented into food and beverages, pharmaceuticals, feed, cosmetics and toiletries among others. Cocoa butter equivalents hold the largest market share in the cocoa butter alternatives market owing to its extensive utilization application in food and beverage. Furthermore, cocoa butter equivalents are fully compatible and completely mixable with cocoa butter.Food & Beverage, especially chocolate confectionary production constitutes the largest end-use industry for cocoa butter alternatives.
By geography, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue, Asia Pacific accounted for the largest share of the cocoa butter alternatives market, followed by North America and Europe.
Major players operating in the cocoa butter market are Wilmar International Limited (Singapore), Cargill, Inc. (The U.S.), Bunge Limited (The Netherlands), AAK AB (Sweden) Mewah Group (Singapore) among others. Merger and acquisition and strategic allowances with other companies are some of the prime strategies followed by the companies operating in the cocoa butter market.
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