Market Overview:
CBS is a type of vegetable oil that is used as an ocoa butter substitute. It is made from the dried kernel of the coconut palm. CBS has a high smoke point and a mild flavor, making it a good choice for cooking. It can also be used in baking, candy-making, and other applications where ocoa butter is traditionally used. CBS is available in both refined and unrefined forms.
Product Definition:
CBS is a type of vegetable fat that is used as a butter substitute. It has a similar texture and flavor to butter, but it is made from plants instead of animals. CBS can be used in place of butter in recipes, or it can be spread on toast or muffins.
Palm Oil:
Palm oil is a vegetable oil that is extracted from the kernel of the fruit called palm. It has been used as a cooking medium and an ingredient for food products across various cultures and countries. The growing consumption of edible vegetable oils in industrial, commercial, retail & consumer applications coupled with rising awareness regarding its health benefits has led to an increase in demand over the past few years.
The major factors driving demand for palm oil are its low cost compared to other edible oils.
Lauric Oil:
Lauric acid is a fatty acid found in the tropical plant, lauricophyllum. The pure form of lactic acid has been used traditionally as an antimicrobial and anti-inflammatory agent for skin and hair care products such as soaps, shampoos, conditioners and even toothpaste.
Application Insights:
The other application segment includes personal care, bakery and confectionery products. Other applications of ocoa butter substitutes include pharmaceuticals, nutraceuticals and cosmetics. The food application segment dominated the global ocoa butter substitutes (CBS) market in 2017 owing to high product demand from countries such as India, China and Indonesia where edible oil is used for cooking or frying food. In addition, increasing awareness about healthy eating habits among consumers is expected to drive the market over the forecast period.
The candy sector also accounted for a significant share in 2017 owing to growing consumer preference for sugar-free confectionery products that are rich in texture but low on calories.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth in this region can be attributed to rising demand for oleochemicals from various application industries in countries such as China, India, Japan and South Korea. In addition, increasing awareness regarding healthy lifestyle coupled with growing disposable income levels will drive industry expansion over the next eight years.
North America is estimated to witness significant growth during the forecast period owing to stringent government regulations on synthetic butter substitutes coupled with consumer concerns about health issues caused due synthetic butter substitutes.
Growth Factors:
- Increasing demand for healthy and organic food products.
- Rising awareness about the health benefits of CBS products.
- Growing popularity of vegan and dairy-free diets.
- Increasing investment in research and development activities by CBS manufacturers.
- Proliferation of retail outlets that sell CBS products
Scope Of The Report
Report Attributes
Report Details
Report Title
Ocoa Butter Substitutes (CBS) Market Research Report
By Type
Palm Oil, Lauric Oil
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Ocoa Butter Substitutes (CBS) Market Report Segments:
The global Ocoa Butter Substitutes (CBS) market is segmented on the basis of:
Types
Palm Oil, Lauric Oil
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 Ocoa 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
- Lauric Oil
- 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 Ocoa 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?
Ocoa Butter Substitutes are products that are made to resemble the texture, smell, and flavor of ocoa butter. They can be used in place of ocoa butter in recipes or as a standalone product.
Some of the major players in the ocoa butter substitutes (cbs) market are Wilmar, Cargill, Premium Vegetable Oils Sdn Bhd, Felda IFFCO, Goldenesia.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ocoa 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. Ocoa 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. Ocoa Butter Substitutes (CBS) Market - Supply Chain
4.5. Global Ocoa Butter Substitutes (CBS) Market Forecast
4.5.1. Ocoa Butter Substitutes (CBS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ocoa Butter Substitutes (CBS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ocoa Butter Substitutes (CBS) Market Absolute $ Opportunity
5. Global Ocoa 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. Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
5.3.1. Palm Oil
5.3.2. Lauric Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ocoa 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. Ocoa 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 Ocoa 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. Ocoa 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 Ocoa 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. Ocoa 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 Ocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
9. North America Ocoa 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 Ocoa 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 Ocoa 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 Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
9.7.1. Palm Oil
9.7.2. Lauric Oil
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 Ocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
10. Latin America Ocoa 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 Ocoa 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 Ocoa 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 Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
10.7.1. Palm Oil
10.7.2. Lauric Oil
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 Ocoa Butter Substitutes (CBS) Demand Share Forecast, 2019-2026
11. Europe Ocoa 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 Ocoa 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 Ocoa 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 Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
11.7.1. Palm Oil
11.7.2. Lauric Oil
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 Ocoa Butter Substitutes (CBS) Demand Share, 2019-2026
12. Asia Pacific Ocoa 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 Ocoa 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 Ocoa 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 Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
12.7.1. Palm Oil
12.7.2. Lauric Oil
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 Ocoa Butter Substitutes (CBS) Demand Share, 2019-2026
13. Middle East & Africa Ocoa 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 Ocoa 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 Ocoa 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 Ocoa Butter Substitutes (CBS) Market Size and Volume Forecast by Type
13.7.1. Palm Oil
13.7.2. Lauric Oil
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 Ocoa Butter Substitutes (CBS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ocoa Butter Substitutes (CBS) Market: Market Share Analysis
14.2. Ocoa Butter Substitutes (CBS) Distributors and Customers
14.3. Ocoa 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