Global Cocoa Butter Alternatives Market Research Report - Forecast to 2023

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Global Cocoa Butter Alternatives Market Research
Report - Forecast to 2023

• Agriculture and Food  Food and Beverages 

Published Date Apr 2018
No. of Pages 72
Country Global
Category Food and Beverages
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 Summary

• Global cocoa butter alternatives market has
  witnessed repetitive growth over the last few
  years, and it is estimated to reach USD 1.25
  billion with registering a healthy CAGR of 9
  during the forecast period of 2017-2023. 

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 Summary

• Lower production of cocoa beans has highly
  affected their prices, thereby experiencing
  surge. Further, rise in cocoa butter prices have
  compelled the manufacturers to incline towards
  alternatives that are cheaper and more readily
  available and those that are derived from natural
  sources. Cocoa butter alternatives majorly
  comprise of fats that are further segmented into
  three types including cocoa butter replacer
  (CBRs), cocoa butter equivalents (CBEs) and as
  cocoa butter substitutes (CBSs). In addition to
  the lower prices, the fatty acid compositions of
  cocoa butter alternatives are like that of cocoa
  butter and, they can be processed in the similar
  way as that of the later. In conclusion, the
  similar properties of cocoa butter alternatives
  create a lucrative market scenario for the
  manufacturers involved in the production of fats
  as cocoa butter alternatives.

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 Summary

• Declining cocoa butter production has created
  immense opportunities for the manufacturers to
  develop potential cocoa butter alternatives and
  generate revenue through their product offerings.
  Oils and fats manufacturers are identified to be
  investing hugely in the RD sector to develop
  novel products and introduce their product-line
  in the global market. Extensive research is
  carried out on plant-based as well as
  animal-based oils as alternatives to cocoa
  butter. For instance, Malaysian researchers
  studied mango seed fat and palm stearin as cocoa
  butter alternatives which could be used in
  chocolates for tropical countries as they can
  withstand high temperatures.

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Regional Analysis
Asia Pacific 
Europe
North America
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Segments
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Segments
On the basis of source, the cocoa butter
alternatives has segmented into
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Key Players
The leading market players in the global cocoa
butter alternatives market primarily are
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Target Audience
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Key Findings

• Among the type, cocoa butter equivalents
  segment is expected to account for the major
  market proportion during the forecast period of
  2017-2023. However, cocoa butter replacers is
  projected to expand at a substantial growth rate
  of 8.54 during the forecast period.  Among
  the sources, shea segment is expected to witness
  growth rate of 9.64 during the forecast period
  of 2017-2023. Sal, Kokum Mango Kernel segment
  is projected to expand a growth rate of 8.94
  during the forecast period. Regional and
  Country Analysis of Cocoa butter alternatives
  Market Development and Demand Forecast to 2023
  MarketAs per the analysis, the global cocoa
  butter alternatives market is estimated to reach
  USD 1.25 billion during forecast period 2017 to
  2023 with registering A CAGR of 9.07

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BROWSE FULL MARKET REPORT

• Global Cocoa Butter Alternatives Market Research
  Report - Forecast to 2023
• Related Market Research Reports
• Agriculture and Food Market Research Reports
• Food and Beverages Market Research Reports 

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