Market Overview:
The global cocoa butter improvers (CBIs) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chocolate and other cocoa-based products, especially in developing countries. In addition, the growing awareness about the health benefits of consuming chocolate is also contributing to the growth of this market. The global cocoa butter improvers (CBIs) market can be segmented on the basis of type into solid butter and other types. The solid butter segment is expected to account for a major share of this market during the forecast period owing to its properties such as improved mouthfeel, flavor release, and texture in chocolate products. On the basis of application, this market can be divided into pralines, high milk-fat chocolate, tablet chocolate, chocolate coating and other applications.
Product Definition:
Cocoa Butter Improvers (CBIs) are special ingredients that are used to improve the texture and appearance of cocoa butter. CBIs help to make the butter smoother and more consistent, which results in a higher quality product.
Solid Butter:
Solid butter is a by-product obtained during the process of churning cream. It has high water content and low fat content, which makes it ideal for applications where high water solubility is required. Solid butter can be used as an emulsifier in food products such as bakery goods, ice creams, sauces and dressings or anywhere that requires stable oil emulsion.
Other:
Other is a natural ingredient that is found in the milk of several animals, including cattle, horses and pigs. It has been used for centuries as an alternative to sugar and can be found in its pure form without any processing or additives. Other than being sweetening and flavor enhancing agents, other ingredients such as proteins & vitamins also help improve the texture & appearance of baked goods along with reducing moisture loss during baking process.
Application Insights:
Pralines held the largest share of over 30.0% in 2017. Over the past few years, consumers have been focusing on healthier options and are thus preferring natural products like cocoa butterimprovers for confectionery making. Tablet chocolates are expected to be the fastest growing application segment with a CAGR of XX% from 2018 to 2030 owing to its increasing use in manufacturing premium quality tablets and bars that offer longer shelf life compared to their counterparts made using milk chocolate coating or high-fat content chocolate bar coating as toppings.
High milk-fat chocolate is expected to be one of the most lucrative applications for CBIs, especially solid butter variety due largely in part by its higher melting point which enables better control over melt temperature when used as an ingredient in preparation of hot fudge Sundaes, brownies and other similar desserts during cold weather seasons such as winter across North America & Europe regions particularly countries including; U.K.
Regional Analysis:
North America is expected to be the largest market for cocoa butter improving products accounting for over 35% of global share in 2017 owing to high consumption of CBIs in confectionery and bakery applications. The U.S., which was the leading consumer, has witnessed a significant decline in chocolate consumption due to changing consumer preferences towards other forms such as pralines and coatings. However, demand from Mexico is expected to increase on account of rising exports from European countries such as Germany and Belgium that have improved their cocoa butter content by incorporating solid butter or milk-fat content within their offerings.
Growth Factors:
- Increasing demand for chocolate and cocoa products: The global chocolate market is projected to grow at a CAGR of 5.4% from 2017 to 2021. This will create demand for CBIs, which improve the texture, flavor, and shelf life of chocolate products.
- Growing awareness about the health benefits of cocoa butter: Cocoa butter is rich in antioxidants and has anti-inflammatory properties. This has led to an increase in its demand as a functional ingredient in food products.
- Rising popularity of premium chocolates: There is a growing trend towards consuming premium chocolates, which are made with high-quality ingredients such as cocoa butter improvers (CBIs).
- Technological advancements in the food industry: The food industry is constantly evolving with new technologies that help improve the quality and taste of foods products. CBIs are one such example that helps improve the texture and flavor of chocolate products.. 5) Growing focus on clean label ingredients: Consumers are increasingly looking for ingredients that are natural and have minimal processing done to them . Cocoa Butter Improvers (CBIs) fit this requirement perfectly, making them an attractive choice for manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Cocoa Butter Improvers (CBIs) Market Research Report
By Type
Solid Butter, Other
By Application
Pralines, High Milk-fat Chocolate, Tablet Chocolate, Chocolate Coating, Other
By Companies
Manorama, Wilmar International, Olam International, AN-PEK, FUJI OIL, IOI Loders Croklaan, AAK, F Industries
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Cocoa Butter Improvers (CBIs) Market Report Segments:
The global Cocoa Butter Improvers (CBIs) market is segmented on the basis of:
Types
Solid Butter, Other
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
Pralines, High Milk-fat Chocolate, Tablet Chocolate, Chocolate Coating, 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:
- Manorama
- Wilmar International
- Olam International
- AN-PEK
- FUJI OIL
- IOI Loders Croklaan
- AAK
- F Industries
Highlights of The Cocoa Butter Improvers (CBIs) 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:
- Solid Butter
- Other
- By Application:
- Pralines
- High Milk-fat Chocolate
- Tablet Chocolate
- Chocolate Coating
- 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 Improvers (CBIs) 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.
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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 improvers are a type of emulsifier that help to improve the texture, appearance, and stability of cocoa butter-based products.
Some of the major players in the cocoa butter improvers (cbis) market are Manorama, Wilmar International, Olam International, AN-PEK, FUJI OIL, IOI Loders Croklaan, AAK, F Industries.
The cocoa butter improvers (cbis) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cocoa Butter Improvers (CBIs) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cocoa Butter Improvers (CBIs) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cocoa Butter Improvers (CBIs) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cocoa Butter Improvers (CBIs) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cocoa Butter Improvers (CBIs) Market Size & Forecast, 2020-2028 4.5.1 Cocoa Butter Improvers (CBIs) Market Size and Y-o-Y Growth 4.5.2 Cocoa Butter Improvers (CBIs) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid Butter
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pralines
6.2.2 High Milk-fat Chocolate
6.2.3 Tablet Chocolate
6.2.4 Chocolate Coating
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cocoa Butter Improvers (CBIs) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cocoa Butter Improvers (CBIs) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid Butter
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pralines
9.10.2 High Milk-fat Chocolate
9.10.3 Tablet Chocolate
9.10.4 Chocolate Coating
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid Butter
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pralines
10.10.2 High Milk-fat Chocolate
10.10.3 Tablet Chocolate
10.10.4 Chocolate Coating
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid Butter
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pralines
11.10.2 High Milk-fat Chocolate
11.10.3 Tablet Chocolate
11.10.4 Chocolate Coating
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid Butter
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pralines
12.10.2 High Milk-fat Chocolate
12.10.3 Tablet Chocolate
12.10.4 Chocolate Coating
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid Butter
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pralines
13.10.2 High Milk-fat Chocolate
13.10.3 Tablet Chocolate
13.10.4 Chocolate Coating
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cocoa Butter Improvers (CBIs) Market: Competitive Dashboard
14.2 Global Cocoa Butter Improvers (CBIs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Manorama
14.3.2 Wilmar International
14.3.3 Olam International
14.3.4 AN-PEK
14.3.5 FUJI OIL
14.3.6 IOI Loders Croklaan
14.3.7 AAK
14.3.8 F Industries