Global Cocoa Butter Market: Industry Analysis and Forecast (2021-2027)
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Global Cocoa Butter Market size was valued at US$ 2.2 Bn. in 2020 and the total revenue is expected to grow at 5.8 % CAGR through 2021 to 2027, reaching nearly US$ 3.26 Bn.
Global Cocoa Butter Market Overview:
Cocoa butter, also known as theobroma oil, is one of the most well-known substances in the world. It contains stearic acid, palmitic acid, arachidic acid, lauric acid, and myristic acid, among other fatty acids. Cocoa butter is used in a variety of industries, including food & beverage, pharmaceuticals, and others.
Global Cocoa Butter Market
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2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.
Global Cocoa Butter Market Dynamics:
Despite the slow expansion of the chocolate industry, demand for cocoa butter is increasing in industries such as dairy, frozen desserts, and bakery. The demand for cocoa products like cocoa butter, cocoa liquor, and cocoa powder has been sparked by novelty products in the confectionery market. Cocoa butter is a by-product, which is expected to expand as a result of greater cocoa bean processing. This tendency is particularly prevalent in developed regions, where chocolate demand is either dropping or stagnating, and premium and new cocoa products are strengthening their grip on the food market.
Cocoa butter aids to prevent various health issues such as hair loss, skin irritation, and other health issues. These materials can improve blood flow to the skin and slow skin aging by protecting against UV rays, which is cause by Sun. Cocoa butter is most commonly used for smooth scars, wrinkles, and other marks on the skin. Globally, XX% of women believe cocoa buttercreams and lotions can be referred during and after pregnancy to avoid and minimize the appearance of stretch marks. Cocoa butter has also help to reduce hypertension, chronic fatigue syndrome, and heal rashes from conditions like eczema and dermatitis.
On the other hand cocoa butter market is expected to show slower growth in forecast period as food manufactures focusing on low fat, low sugar and low carbs. In 2020, the Saudi Food and Drug Authority (SFDA) implemented a restriction on trans-fat use in food goods. According to the new law, the maximum amount of "trans fats" in vegetable oils and margarine is limited to 2% of total fat content in vegetable oils and margarine, and 5% in other food products. As a result, more ingredient manufacturer intervention in the quest for clean labelling may stifle the expansion of the cocoa butter market.
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