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Cocoa Butter Market Introduction

Cocoa Butter is a type of vegetable fat and also known as theobroma oil, which is extracted from whole cocoa beans after fermentation and roasting process. Cocoa beans are native to South American countries and one of the largest producers of cocoa is Ivory Coast which is located in Africa. The cocoa butter is used in the production of chocolates, ointments, toiletries, and pharmaceuticals. It is also used for cocoa flavor and aroma of cocoa beans. Cocoa butter helps treat several health issues such as skin irritation, hair loss, and other health issues. It contains flavonoids which have around all sorts of health benefits and because of that it gives a positive impact on the reduction of heart disease, maintains healthy blood pressure, and improve skin conditions.

Cocoa Butter Market Segmentation

The Cocoa Butter Market can be segmented on the basis of form, types, end-user, packaging, distribution channel and region.

By form, cocoa butter market can be segmented into solid and liquid form. Among the two forms, the solid form is the highest supplied product in the market by the manufacturers and is expected to grow further in the forecast period. Liquid cocoa butter is supplied in tanks while the solid is supplied in blocks, cubes and chips boxes.

By types, cocoa butter market can be segmented into organic, conventional, and deodorized cocoa butter. The organic cocoa butter is made by expeller pressed extraction process, the conventional cocoa butter is made by pure prime pressed extraction process and the deodorized cocoa butter is fully deodorized by a physical process and is mostly used for chocolate production.

By end-user, cocoa butter market can be segmented into food industry, pharmaceutical industry, aromatherapy, cosmetics and personal care industry. In the food industry, cocoa butter is used in the production of confectionery products such as chocolates. In the pharmaceutical industry, cocoa butter is used for its physical properties as cocoa beans are a high-antioxidant in nature since they contain an ample amount of polyphenol and flavonoid antioxidants. It also boosts the immune system, improves heart health, and eases constipation. In aromatherapy, the cocoa butter is used due to its fragrance and natural properties. Cocoa butter is blended with Neroli, which is an essential oil, reflects a fresh scent and helps combat anxiety and depression. In the cosmetics and personal care industry, cocoa butter is used to manufacture lotions, creams, salves, lip balms, hair conditioners, body soaps, and gels. It reduces signs of aging such as wrinkles and hair loss, skin inflammation and removes scars. The cocoa butter also prevents the onset of male pattern baldness.

By packaging, cocoa butter market can be segmented into tins, cartons, plastic containers, paper containers and others. Tin packaging is used for the liquid form of cocoa butter and other packaging for the solid form such as blocks, crystals, and others.

By distribution channel, cocoa butter market can be segmented into direct and indirect sales, which can be further sub-segmented into modern trade units, departmental stores, convenience stores, and online retail.

By region, cocoa butter market can be segmented into five different regions, which includes North America, Latin America, Europe, Asia Pacific, Middle East and Africa. In terms of production, the major regions include Africa, followed by Asia Pacific and Latin America. In terms of consumption, Europe is the largest consumer of cocoa and cocoa butter followed by North America, Asia Pacific, and Latin America.

Cocoa Butter Market Drivers, Restraints, and Trends

The Cocoa Butter Market is been growing gradually based on its medicinal and nutritional benefits. Recently people are adapting traditional products due to rising health concern, and also because of the harmful side effects of chemicals. Cocoa beans are one of the oldest ingredients which are preferred by manufacturers for the main production of all types of chocolates, by consumers for its medicinal and nutritional uses. Cocoa butter is extracted from cocoa beans and it is rich in calories, saturated fats, palmitic acid, stearic acid and oleic acid. Cocoa butter is used to prevent skin dryness and peeling, heals chapped lips, fights signs of aging, soothes burns and infections, and helps treating mouth sores, helps improve heart health, and raises immunity. It increases concentration among people and eliminates stress and exhaustion. All these benefits of cocoa butter are making it popular among people and driving the cocoa butter market in the developed as well as developing regions.

Besides several benefits of nutmeg butter, it has various side-effects too. Over intake of cocoa butter can lead to weight gain and obesity, allergy and skin reactions, cholesterol, heart and respiratory problems. These side effects are therefore inhibiting the cocoa butter market to grow. 

Cocoa Butter Market Key Players

Owing to the benefits of cocoa butter, several producers and players in the market are moving forward to manufacture and supply it. Some of the key players are Cargill Incorporated., Cocoa Mae, Chocolate Alchemy, Dietz Cacao Trading B.V., Jindal Cocoa, Carst & Walker (C&W), JB FOODS Limited and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cocoa Butter Market

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