Market Overview:
The global cocoa butter substitutes (CBS) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The CBS market is segmented on the basis of type, application, and region. On the basis of type, the CBS market is segmented into palm oil type and lauric oil type. The palm oil type segment dominates the CBS market with a share of more than 60%. On the basis of application, food accounts for majority share in terms of value in 2017 and it is projected to grow at a CAGR over 5%. Candy followed by other are other major applications considered in this study. North America accounted for maximum revenue share in 2017 and it is projected to maintain its dominance during forecast period owing to high demand from end-use industries such as food & beverage, cosmetics & personal care products etc.
Product Definition:
Cocoa Butter Substitutes (CBS) are vegetable-based butters that can be used as a substitute for cocoa butter in chocolate production. They have a similar flavor and texture to cocoa butter, and are used to create a wide range of chocolate products. CBS is important because it allows chocolate makers to produce products with lower fat content, while still maintaining the desired flavor and texture.
Palm Oil Type:
Palm oil type is a vegetable derived from the fruit of the palm tree. It has been used as a cooking medium and in various industrial applications such as biofuel, chemical feedstock, food ingredients, lubricants & greases and other personal care products.
Lauric Oil Type:
Lauric acid is a fatty acid found in the tropical plant, laurierobustum. It is also known as 8-OHdopamine or8-oxopentanoic acid. The chemical formula of lauric oil type is C12H22O2 and its molecular weight is 132.46. Lauric oil type has a melting point of 43 °C and boiling point of 208 °C at 1 atm pressure and temperature respectively.
Application Insights:
The other application segment includes personal care, bakery and confectionery products. The global market for these products is expected to witness a CAGR of XX% from 2018 to 2030 owing to the growing awareness regarding healthy lifestyle among individuals across the globe. Furthermore, increasing demand for organic and natural cosmetics is also likely to propel the growth of this segment over the forecast period.
Cocoa butter substitute finds its major use in food manufacturing as it acts as a functional ingredient in various applications including cakes, cookies & pastries, chocolates & chocolate bars etcetera. These ingredients are used along with cocoa powder which increases their flavor and aroma thus making them more edible forms of chocolate that can be consumed without sugar or milk etcetera.
Regional Analysis:
North America was the largest market for global cocoa butter substitutes in 2016, accounting for a share of more than 30.0% owing to high demand from confectionery and bakery industry. The U.S., which is one of the major consumers of chocolate, has witnessed an increase in consumption due to growing health awareness among people coupled with rising vegan population over the past few years. This trend is expected to have a positive impact on market growth over the forecast period.
Asia Pacific is anticipated to be one of fastest-growing markets at a CAGR exceeding 5% during the forecast period owing to rapid development in emerging countries such as India.
Growth Factors:
- Growing demand for healthy and organic food products
- Rising awareness about the health benefits of CBS
- Increasing use of CBS in cosmetics and personal care products
- Growing popularity of vegan lifestyle
- Technological advancements in CBS production
Scope Of The Report
Report Attributes
Report Details
Report Title
Cocoa Butter Substitutes (CBS) Market Research Report
By Type
Palm Oil Type, Lauric Oil Type
By Application
Food, Candy, Other
By Companies
Wilmar, Cargill, Premium Vegetable Oils Sdn Bhd, Felda IFFCO, Goldenesia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Cocoa Butter Substitutes (CBS) Market Report Segments:
The global Cocoa Butter Substitutes (CBS) market is segmented on the basis of:
Types
Palm Oil Type, Lauric Oil Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Candy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wilmar
- Cargill
- Premium Vegetable Oils Sdn Bhd
- Felda IFFCO
- Goldenesia
Highlights of The Cocoa Butter Substitutes (CBS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Palm Oil Type
- Lauric Oil Type
- By Application:
- Food
- Candy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cocoa Butter Substitutes (CBS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cocoa butter substitutes are products that are made from vegetable oils, such as palm oil or soybean oil, that have been hydrogenated and then solidified. They can be used in place of cocoa butter in many recipes because they have a similar texture and flavor.
Some of the key players operating in the cocoa butter substitutes (cbs) market are Wilmar, Cargill, Premium Vegetable Oils Sdn Bhd, Felda IFFCO, Goldenesia.
The cocoa butter substitutes (cbs) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cocoa Butter Substitutes (CBS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cocoa Butter Substitutes (CBS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cocoa Butter Substitutes (CBS) Market - Supply Chain
4.5. Global Cocoa Butter Substitutes (CBS) Market Forecast
4.5.1. Cocoa Butter Substitutes (CBS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cocoa Butter Substitutes (CBS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cocoa Butter Substitutes (CBS) Market Absolute $ Opportunity
5. Global Cocoa Butter Substitutes (CBS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
5.3.1. Palm Oil Type
5.3.2. Lauric Oil Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cocoa Butter Substitutes (CBS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Candy
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cocoa Butter Substitutes (CBS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cocoa Butter Substitutes (CBS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
9. North America Cocoa Butter Substitutes (CBS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Candy
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
9.7.1. Palm Oil Type
9.7.2. Lauric Oil Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
10. Latin America Cocoa Butter Substitutes (CBS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Candy
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
10.7.1. Palm Oil Type
10.7.2. Lauric Oil Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
11. Europe Cocoa Butter Substitutes (CBS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Candy
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
11.7.1. Palm Oil Type
11.7.2. Lauric Oil Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cocoa Butter Substitutes (CBS) Demand Share, 2019-2026
12. Asia Pacific Cocoa Butter Substitutes (CBS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Candy
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
12.7.1. Palm Oil Type
12.7.2. Lauric Oil Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cocoa Butter Substitutes (CBS) Demand Share, 2019-2026
13. Middle East & Africa Cocoa Butter Substitutes (CBS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Candy
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
13.7.1. Palm Oil Type
13.7.2. Lauric Oil Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cocoa Butter Substitutes (CBS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cocoa Butter Substitutes (CBS) Market: Market Share Analysis
14.2. Cocoa Butter Substitutes (CBS) Distributors and Customers
14.3. Cocoa Butter Substitutes (CBS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wilmar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Premium Vegetable Oils Sdn Bhd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Felda IFFCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Goldenesia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook