Global Cocoa Butter Equivalent Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Cocoa Butter Equivalent Market Analysis

The cocoa butter equivalent (CBE) market is experiencing significant growth, driven by advancements in fat processing technologies and sustainable sourcing methods. One notable development is the use of enzymatic interesterification, a process that modifies the molecular structure of fats to closely resemble cocoa butter. This method enhances the texture and melting properties of CBE, making it a viable substitute for cocoa butter in chocolate production.

Furthermore, advances in sustainable palm oil and shea butter sourcing are contributing to the market's growth. By improving traceability and reducing the environmental impact of raw material procurement, companies are meeting increasing consumer demand for ethical products. Technologies such as blockchain are also being used to ensure transparency in the supply chain, enhancing consumer trust. As a result of these advancements, the CBE market is projected to grow rapidly, particularly in the food and cosmetics industries. The rising cost of cocoa butter, coupled with CBE's cost-efficiency and growing applications, is boosting its adoption, especially among manufacturers seeking to maintain product quality while reducing costs.

Cocoa Butter Equivalent Market Size

The global cocoa butter equivalent market size was valued at USD 1.19 billion in 2023 and is projected to reach USD 1.64 billion by 2031, with a CAGR of 4.06% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Cocoa Butter Equivalent Market Trends

“Growing Demand for Plant-Based Alternatives”

L’une des principales tendances à l’origine de la croissance du marché des équivalents beurre de cacao (CBE) est la demande croissante d’alternatives végétales dans l’industrie alimentaire. Les consommateurs étant à la recherche d’options plus saines et plus durables, les CBE dérivés d’huiles non tropicales telles que le beurre de karité, l’huile de palme et le beurre d’illipé ont gagné en popularité. Ces alternatives offrent des propriétés similaires à celles du beurre de cacao, ce qui les rend idéales pour une utilisation dans les produits de chocolat et de confiserie. Par exemple, des entreprises comme Cargill font activement la promotion de leurs CBE d’origine végétale pour répondre à la demande croissante d’ingrédients végétaliens et d’origine éthique, ce qui favorise la croissance du marché. Cette évolution s’inscrit dans la tendance plus large des aliments à base de plantes à l’échelle mondiale.

Portée du rapport et segmentation du marché équivalent au beurre de cacao    

Définition du marché équivalent au beurre de cacao

L'équivalent beurre de cacao (CBE) désigne les graisses végétales qui imitent les propriétés physiques et chimiques du beurre de cacao, utilisées dans l'industrie du chocolat et de la confiserie. Fabriqués à partir d'huiles naturelles telles que l'huile de palme, le beurre de karité ou la graisse de sal, les CBE sont conçus pour se mélanger parfaitement au beurre de cacao sans altérer le goût ou la texture du chocolat. Ils sont souvent utilisés pour réduire les coûts de production, car ils sont moins chers que le beurre de cacao, tout en préservant la qualité du produit. Les CBE aident également à stabiliser le chocolat, le rendant plus résistant à la chaleur, et sont couramment utilisés dans la fabrication d' enrobages , de fourrages et de chocolats composés.

Dynamique du marché des équivalents beurre de cacao

Conducteurs

• Demande croissante de chocolats

La consommation croissante de chocolat, notamment dans les marchés émergents comme la région Asie-Pacifique, stimule considérablement la demande en équivalents beurre de cacao (EBC). À mesure que les revenus disponibles augmentent, les consommateurs de pays comme la Chine et l'Inde se tournent de plus en plus vers les produits à base de chocolat. Les EBC, qui offrent une alternative économique au beurre de cacao, aident les fabricants à répondre à cette demande croissante tout en maîtrisant les coûts de production. Par exemple, Barry Callebaut, un acteur majeur de l'industrie du chocolat, a étendu sa présence en Asie en utilisant les EBC pour produire des chocolats de haute qualité à des prix abordables. La préférence croissante pour les produits à base de chocolat dans ces régions devrait propulser la croissance du marché des EBC.

• Expansion de l'industrie de la confiserie

L’expansion mondiale de l’industrie de la confiserie, en particulier dans les régions en développement comme l’Asie-Pacifique et l’Afrique, stimule considérablement la demande d’équivalents beurre de cacao (CBE). Les consommateurs de ces régions recherchant des produits à base de chocolat abordables, les fabricants se tournent de plus en plus vers les CBE comme alternative économique au beurre de cacao. Par exemple, en octobre 2023, KTC Edibles, un important fournisseur d’huiles alimentaires au Royaume-Uni, a dévoilé Planet Palm, une nouvelle gamme de produits à base d’huile de palme certifiés durables, traçables et produits selon des pratiques respectueuses de l’environnement. Cette gamme s’adresse spécifiquement aux producteurs alimentaires du Royaume-Uni, leur permettant d’incorporer de l’huile de palme provenant de sources durables dans leurs produits tout en répondant à la demande croissante des consommateurs pour des ingrédients produits de manière éthique.

Opportunités

• Progrès technologiques dans le traitement des graisses

Recent advancements in fat processing technologies, particularly in crystallization and fractionation, have significantly enhanced the quality and performance of cocoa butter equivalents (CBEs). These innovations allow manufacturers to achieve desired melting profiles and texture characteristics, making CBEs more appealing for confectionery applications. For instance, In December 2020, Bunge Loders Croklaan launched a groundbreaking product called Karibon, a 100% shea-based cocoa butter equivalent (CBE). This innovative product helps food manufacturers meet consumer demand for healthier and more sustainable options while maintaining taste and quality. Karibon boasts a higher concentration of stearic acid and lower levels of saturated fats compared to traditional cocoa butter and other CBEs, making it an attractive choice for health-conscious brands.

• Health and Wellness Trends

The rising health and wellness trend presents significant opportunities for the cocoa butter equivalent (CBE) market. Health-conscious consumers are actively seeking healthier food alternatives, driving manufacturers to innovate and offer CBEs, particularly those sourced from sustainable materials such as palm oil. These alternatives not only mimic the nutritional profiles of traditional cocoa butter but also provide a cost-effective solution for chocolatiers. Additionally, as consumers become more aware of ingredient sourcing, the demand for sustainably produced CBEs is expected to grow. This shift encourages companies to develop new product lines that align with consumer preferences for healthier and environmentally friendly options, enhancing market growth.

Restraints/Challenges

• High Cost of Raw Materials

The cocoa butter equivalent (CBE) market is significantly hindered by the high cost of raw materials, such as palm oil and shea butter. These ingredients are essential for producing CBEs but are often expensive and subject to price volatility due to factors such as climate change, geopolitical instability, and varying agricultural yields. Such fluctuations can lead to increased production costs, squeezing profit margins for manufacturers. As a result, businesses may struggle to maintain competitive pricing in the market, limiting their ability to expand. Consequently, these challenges can impede overall market growth and deter new entrants, creating a challenging environment for CBE producers.    

• Competition from Alternatives

The cocoa butter equivalent (CBE) market faces significant competition from alternatives such as traditional cocoa butter and various vegetable fats. These alternatives often provide similar functionalities at lower prices, making them attractive to manufacturers and consumers seeking cost-effective solutions. For instance, traditional cocoa butter remains the preferred choice for many chocolate producers due to its established reputation and superior qualities. Additionally, other vegetable fats, such as palm oil and coconut oil, are increasingly used in confectionery products, further intensifying the competition. This scenario challenges CBE products to maintain market share, hindering their growth potential and limiting their acceptance in an already competitive landscape.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Cocoa Butter Equivalent Market Scope

The market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

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

Application

• Confectionery
• Cosmetics
• Food and Beverage
• Others

Cocoa Butter Equivalent Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Europe is expected to dominate the cocoa butter equivalent market due to the prevalence of branded confectionery manufacturers and the increasing consumption of chocolate in the region. This trend is driven by a rising consumer preference for high-quality chocolates and innovative products. Additionally, the region's strong distribution channels and marketing strategies further support growth, solidifying Europe's position as a key player in the cocoa butter equivalent sector.

Asia-Pacific is expected to grow in the cocoa butter equivalent market during the forecast period due to rising chocolate consumption and the expanding food and beverage sector. The region hosts numerous chocolate manufacturers, driving demand for cocoa butter equivalents as a cost-effective substitute. Additionally, changing consumer preferences towards healthier options and sustainable ingredients further contribute to the market's growth in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Cocoa Butter Equivalent Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Cocoa Butter Equivalent Market Leaders Operating in the Market Are:

• 3F GROUP (India)
• AAK AB (Sweden)
• Cargill, Incorporated (U.S.)
• FUJI OIL ASIA PTE. LTD. (Singapore)
• Bunge Loders Croklaan (Netherlands)
• Manorama Industries Limited (India)
• Mewah Group (Singapore)
• INTERCONTINENTAL SPECIALTY FATS SDN. BHD. (Malaysia)
• Olam International (Singapore)
• Wilmar International Ltd (Singapore)
• Musim Mas (Indonesia)
• FGV IFFCO SDN BHD (Malaysia)
• ADM (U.S.)
• Makendi WorldWide (U.S.)
• EFKO Group (Russia)
• Mallinath Group (India)
• USHA INTERNATIONAL (India)
• Wild Oils (Australia)
• GEF India (India)
• PT. WILMAR CAHAYA INDONESIA (Indonesia)

Latest Developments in Cocoa Butter Equivalent Market

• In February 2024, SheaMoisture has launched its inaugural deodorant collection, featuring six antiperspirants and two full-body deodorants tailored for individuals with higher melanin levels in their skin. Developed in collaboration with Black dermatologists, these products address specific concerns, including enhancing skin tone, moisturizing, and promoting smooth skin texture. Additionally, they offer effective protection against body odor and sweat, catering to the unique needs of their target demographic
• In February 2022, AAK AB announced a significant investment of approximately USD 54.7 million to install biomass boilers at its manufacturing facility in Aarhus. This initiative is expected to dramatically reduce CO2 emissions by up to 90%. The biomass boilers will utilize shea meal, a byproduct of shea-based food production, contributing to AAK’s commitment to sustainability and environmental responsibility within the food industry
• In June 2021, AAK has expanded its product offerings by providing cocoa butter substitutes made from shea butter to Mars for use in chocolate and confectionery products. This innovation not only meets the industry's need for high-quality alternatives but also emphasizes the versatility of shea butter. It serves as a sustainable option for manufacturers seeking to enhance their products while addressing consumer preferences for health-conscious ingredients

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