Cosmetics Give Global Cocoa Butter Market a Thrust as Consumers Seek Natural Ingredients, Says TechSci Research
The global cocoa butter market grows rapidly due to escalating demand for chocolate and confectionery products, alongside a rising preference for natural and organic items.
As per TechSci Research's
report, "Global Cocoa Butter Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028," the market reached USD 8925.32 million in 2022
and is projected to expand at a 6.61% CAGR during 2024-2028. Cocoa butter plays
a pivotal role in the confectionery and cosmetic sectors, known for its creamy
texture and subtle chocolate scent, derived from cocoa beans. It serves as a
vital ingredient in various chocolate products and skincare formulations.
Factors driving the market include increased chocolate product demand, a surge
in natural ingredient-based personal care items, perceived health benefits of
cocoa butter, and a growing emphasis on ethical sourcing. Despite challenges
like supply chain vulnerabilities, price fluctuations, environmental concerns,
and changing consumer preferences, the cocoa butter market adapts to fulfill
evolving consumer demands.
https://www.techsciresearch.com/report/cocoa-butter-market/23340.html
Chocolate consumption continues to drive the global cocoa butter market, fueled
by unwavering demand for chocolate worldwide. With rising disposable incomes
and urbanization, especially in emerging markets, chocolate consumption is on
the rise. The industry constantly innovates, introducing new flavors and
premium products, requiring a steady supply of high-quality cocoa butter. This
trend is particularly evident in developing regions where the growing middle
class seeks premium chocolate.
In the cosmetic and personal
care industry, cocoa butter's moisturizing properties make it a popular choice
for skincare products. Its versatility and compatibility with various skin
types meet the demand for natural and organic formulations. Recent attention to
cocoa butter's perceived health benefits, such as its neutral or positive
effect on cholesterol levels, has further expanded its use in functional foods
and dietary supplements.
Ethical and sustainable
sourcing practices are increasingly crucial, with certifications like Fair
Trade ensuring responsible production and fair compensation for farmers.
However, challenges such as supply chain vulnerabilities and price volatility
persist, driven by climate change and geopolitical issues.
The market is segmented by
product type, end use, sales channel, region, and company. Online sales, in
particular, are rapidly growing, offering convenience, accessibility, and
transparency, contributing significantly to market growth as businesses tap into
the digital marketplace to meet expanding demand.
Major companies operating in
Global Cocoa Butter Market are:
- Cargill, Incorporated
- Natra S.A.
- Barry Callebaut AG
- Bolmay Cocoa
- SunOpta, Inc.
- Olam International Ltd
- ECOM Agroindustrial Corporation
- JB Foods Ltd
- United Cocoa Processor, Inc.
- MIGUZ International
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"The cocoa butter market,
crucial to confectionery and cosmetic sectors, thrives on chocolate and natural
skincare product demand. Cocoa butter, prized for its creamy texture and subtle
chocolate scent, is a key ingredient across various applications. Emerging
trends include health-conscious consumption, premium chocolate products, vegan
options, and innovative cosmetic uses. Challenges encompass supply chain
vulnerabilities, cocoa price fluctuations, environmental concerns, and shifting
consumer preferences. Industry resilience hinges on responsible sourcing and
innovation. In essence, the cocoa butter market adapts to evolving consumer
needs amid challenges to sustain growth," stated Mr. Karan Chechi,
Research Director at TechSci Research.
“Global Cocoa Butter Market –
Industry Size, Share, Trends, Forecast, Segmented By Product Type (Organic,
Conventional), End Use (Food & Beverages, Pharmaceuticals, Personal Care
& Cosmetics, Others), Sales Channel (Supermarkets/Hypermarkets, Departmental
Stores, Online, Others), Region, Competition, 2018-2028”, evaluates
the future growth potential, offering insights on size, structure, and future
prospects. The report aims to provide advanced market intelligence aiding
investment decisions, identifying emerging trends, drivers, challenges, and
opportunities in the Global Cocoa Butter Market."
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