According to a market report by Lucintel, the future of the global cocoa butter and equivalent market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets. The global cocoa butter and equivalent market is expected to reach an estimated $8 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are the growing demand for chocolate worldwide, expanding application of this product in cosmetics industry, and increasing consumer demand for sun and skin care goods.
A more
than 150-page report to understand trends, opportunity and forecast in global cocoa
butter and equivalent market to 2030 by type (shea butter, palm oil, kokum butter, illipe butter, and
others), application (food & beverages, pharmaceuticals, personal care, and
others), end use (consumer, industrial, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that shea butter is expected to witness the highest growth over the
forecast period due to its extensive use in cosmetics and personal care
products.
Within
this market, food & beverage is expected to witness the highest growth.
Download
sample by clicking on cocoa
butter and equivalent market.
Europe is
expected to witness highest growth over the forecast period due to high
chocolate consumption and existence of well-established food industry in the
region.
Cargill,
Bolmay Cocoa, Olam International, JB Foods, Barry Callebaut, Natra, AAK, Fuji
Oil Holdings, Wilmar International, 3F Industries are the major suppliers in
the cocoa butter and equivalent
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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