What is Global Cocoa Butter Equivalent (CBE) Market?
The Global Cocoa Butter Equivalent (CBE) Market is a significant segment of the food industry, specifically related to the production of chocolate and other confectionery items. Cocoa Butter Equivalents are non-cocoa fats that are structurally similar to cocoa butter and are used as a substitute in chocolate production. These substitutes are derived from a variety of sources, including Shea Butter, Palm and Palm Kernel Oil, Sal Fat, Kokum Butter, and Mango Butter. The use of these substitutes is driven by factors such as cost-effectiveness, availability, and sometimes, unique flavor profiles. However, the quality and characteristics of the final product are largely dependent on the type of CBE used.
Shea Butter, Palm and Palm Kernel Oil, Sal Fat, Kokum Butter, Mango Butter in the Global Cocoa Butter Equivalent (CBE) Market:
Shea Butter, Palm and Palm Kernel Oil, Sal Fat, Kokum Butter, and Mango Butter are some of the primary sources of Cocoa Butter Equivalents. Shea Butter, derived from the nuts of the Shea tree, is widely used due to its similar composition to cocoa butter. Palm and Palm Kernel Oil are also commonly used CBEs, known for their cost-effectiveness and availability. Sal Fat, Kokum Butter, and Mango Butter are less common but are gaining popularity due to their unique properties and flavors. Each of these CBEs has its own set of advantages and disadvantages, and their selection depends on various factors such as cost, availability, and desired characteristics of the final product.
Confectionery, Food & Beverage, Cosmetics, Others in the Global Cocoa Butter Equivalent (CBE) Market:
The Global Cocoa Butter Equivalent (CBE) Market finds its applications in various sectors such as Confectionery, Food & Beverage, Cosmetics, among others. In the Confectionery industry, CBEs are used as a cost-effective substitute for cocoa butter in the production of chocolates and other confectionery items. In the Food & Beverage industry, CBEs are used in a variety of products such as baked goods, spreads, and dairy products. In the Cosmetics industry, CBEs are used in the production of various skincare and haircare products due to their moisturizing properties. Other applications of CBEs include pharmaceuticals and other industrial uses.
Global Cocoa Butter Equivalent (CBE) Market Outlook:
The Global Cocoa Butter Equivalent (CBE) Market has shown significant growth in recent years. As per the latest data, the market was valued at US$ 1246 million in 2022 and is expected to reach US$ 1760.3 million by 2029, growing at a CAGR of 5.0% during the forecast period 2023-2029. This growth is driven by various factors such as increasing demand for chocolate and confectionery products, cost-effectiveness of CBEs, and their wide range of applications. The market is dominated by major manufacturers such as AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Mewah Group, Nisshin Oillio, Manorama Group, FGV IFFCO, Musim Mas, EFKO, etc., who collectively account for about 57% of the market share. Europe is the largest market for CBEs, accounting for over 45% of the global market. Shea butter is the most widely used CBE, holding a share of over 42%. The largest application segment of the CBE market is the Confectionery industry, which accounts for over 54% of the market.
| Report Metric | Details |
| Report Name | Cocoa Butter Equivalent (CBE) Market |
| Accounted market size in 2023 | US$ 1313.6 million |
| Forecasted market size in 2029 | US$ 1760.3 million |
| CAGR | 5.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | AAK, Bunge Loders Croklaan, Wilmar International, Fuji Oil, Olam International, Mewah Group, Nisshin Oillio, Manorama Group, FGV IFFCO, Musim Mas, EFKO |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
