Global Cocoa Butter Equivalent (CBE) Market (Volume, Value)

Date: 8 May 2019

Globally, the market for cocoa butter equivalent market has been growing at a swift pace on the back of high cocoa butter prices, increasing applications of cocoa butter equivalent in cosmetic industry together with increasing consumption of chocolates across the globe. Apart from these factors, surging economic growth in developing nations, rising disposable incomes coupled with growing middle-class population worldwide are some of the micro-economic factors driving the growth of the market.
According to Azoth Analytics research report, “Global Cocoa Butter Equivalent Market (CBE)  (Volume, Value) -  Analysis By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter), End-User (Confectionary, Food and Beverage, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Mexico, United Kingdom, Germany, France, India, China, South Korea, Saudi Arabia, Brazil)“ global market is projected to display a robust growth represented by a CAGR of 8.00% during 2019– 2024.
The product segment of Palm Oil Fraction has been witnessing growth at a noteworthy rate over the past few years backed by low prices, easy availability and increased used in cosmetics industry. Amongst the regions, Europe accounts for the largest regional share in the global cocoa butter equivalent market in 2018. Key factors driving the robust growth rate of Europe region include presence of branded confectionery manufacturers along with increasing consumption of chocolate in the region.

The report titled, “Global Cocoa Butter Equivalent (CBE) Market (Volume, Value) -  Analysis By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter), End-User (Confectionary, Food and Beverage, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Mexico, United Kingdom, Germany, France, India, China, South Korea, Saudi Arabia, Brazil)” has covered and analysed the potential of Global Cocoa Butter Equivalent Market and provides statistics and information on market size, volume, share and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global cocoa butter equivalent market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Cocoa Butter Equivalent Market. The report analyzes the  Cocoa Butter Equivalent Market By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter, Others), By End Users (Confectionery, Food and Beverages, Others).The Cocoa Butter Equivalent  has been analyzed By Region (North America, Europe, Asia Pacific and Rest of the World) and By Country (U.S., Canada, Mexico, United Kingdom, Germany, France, India, China, South Korea, Saudi Arabia and Brazil) for the historical period of 2014-2018 and the forecast period of 2019-2024.

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