Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Cocoa Butter Substitutes (CBS) Market by Type (Palm Oil Type, Lauric Oil Type), By Application (Food, Candy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Cocoa Butter Substitutes (CBS) Market by Type (Palm Oil Type, Lauric Oil Type), By Application (Food, Candy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 154910 3300 Food & Beverages 377 236 Pages 4.6 (39)

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.

Global Cocoa Butter Substitutes (CBS) Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Wilmar
  2. Cargill
  3. Premium Vegetable Oils Sdn Bhd
  4. Felda IFFCO
  5. Goldenesia

Global Cocoa Butter Substitutes (CBS) Market Overview

Highlights of The Cocoa Butter Substitutes (CBS) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Palm Oil Type
    2. Lauric Oil Type
  1. By Application:

    1. Food
    2. Candy
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Cocoa Butter Substitutes (CBS) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Cargill Overview Financials Developments Strategic Outlook
      14.4.3. Premium Vegetable Oils Sdn Bhd Overview Financials Developments Strategic Outlook
      14.4.4. Felda IFFCO Overview Financials Developments Strategic Outlook
      14.4.5. Goldenesia Overview Financials Developments Strategic Outlook
      14.4.6. COMPANY6 Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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