Global Cocoa Butter Equivalent (CBE) Market - Volume and Value Analysis By Type, By Region, By Country: Opportunities and Forecast (2017-2022)

Date: 23 September 2017

Over the recent years, the Global Cocoa Butter Equivalent industry has been growing rapidly owing to rise in demand for chocolate, high price of cocoa butter. Globally, the growth in Cocoa Butter Equivalent market is driven by improvement in chocolate functionality on addition of cocoa butter equivalent. 

Cocoa Butter Equivalent (CBE) is a functional ingredient used in the place of Cocoa Butter in numerous chocolate applications. CBE’s exhibit the same general chemical as well as physical properties as the Cocoa Butter but eliminates many of the difficulties inherent in production of chocolate. Cocoa butter equivalents are cheaper than cocoa butter, improve several functionality of chocolate such as melting point. Hardness and prevent bloom formation. Rising demand for chocolate based confectionaries and increased cost of raw material has increased the demand for cocoa butter equivalent. 

Shea butter is the most widely used cocoa butter equivalent. FDA approval of biosynthesized algae butter which is structurally similar to cocoa butter is a key emerging trend in CBE market. Asia Pacific region is anticipated to witness strongest growth during forecasted period owing to large population, economic development and increase in disposable consumer income. 

The report titled “Global Cocoa Butter Equivalent (CBE) Market - Volume and Value Analysis By Type, By Region, By Country: Opportunities and Forecast (2017-2022) –  By Type (Shea Butter, Other Specialty Fats ), By Region (N. America, Europe, APAC, RoW), By Country (US, Canada, Mexico, Germany, France, UK, India, China, South Korea, Brazil, Saudi Arabia)” has covered and analysed the potential of Global Cocoa Butter Equivalent Market and provides statistics and information on market size, shares 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 By Type (Shea Butter, Other Specialty Fat), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Mexico, U.K., Germany, France, India, China, South Korea, Brazil and Saudi Arabia) and Regulations.