According to a market report by Lucintel, the future of the global cocoa butter and equivalent market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care markets. The global cocoa butter and equivalent market $8.3 billion by 2030. The major drivers for this market are the growing demand for chocolate worldwide, expanding application of this product in cosmetics industry, and increasing consumer demand for sun and skin care goods.
A more than 150-page report to understand trends, opportunity and forecast in cocoa butter and equivalent market to 2030 by type (shea butter, palm oil, kokum butter, illipe butter, and others), application (food & beverages, pharmaceuticals, personal care, and others), end use (consumer, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that shea butter is expected to witness the highest growth over the forecast period due to its extensive use in cosmetics and personal care products.
Within this market, food & beverage is expected to witness the highest growth.
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Europe is expected to witness highest growth over the forecast period due to high chocolate consumption and existence of well-established food industry in the region.
Cargill, Bolmay Cocoa, Olam International, JB Foods, Barry Callebaut, Natra, AAK, Fuji Oil Holdings, Wilmar International, 3F Industries are the major suppliers in the cocoa butter and equivalent market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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