North America will register the highest growth rate of 38% among the other regions. Therefore, the cocoa butter alternatives market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The US is the key market for cocoa butter alternatives in North America. However, market growth in this region will be slower than the growth of the market in other regions.
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The cocoa butter alternatives market vendors should focus on grabbing business opportunities from the cocoa butter equivalents segment as it accounted for the largest market share in the base year. Cocoa butter equivalents are more abundant in stearic acid and have lower levels of saturated fats compared to cocoa butter. Hence, these will witness a gain in the popularity during the forecast period owing to their nutritional profile.
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Major Five Cocoa Butter Alternatives Companies:
- 3F Industries Ltd.
- AAK AB
- Bunge Ltd.
- Cargill Inc.
- DuPont de Nemours Inc.
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Cocoa Butter Alternatives Market Product Outlook (Revenue, USD mn, 2021-2026)
- Cocoa butter equivalents - size and forecast 2021-2026
- Cocoa butter replacers - size and forecast 2021-2026
- Cocoa butter substitutes - size and forecast 2021-2026
Cocoa Butter Alternatives Market Geography Outlook (Revenue, USD mn, 2021-2026)
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
- South America - size and forecast 2021-2026
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Cocoa Market by Product, Application, and Geography - Forecast and Analysis 2021-2025: The cocoa market value is projected to grow by 504.96 th MT at a CAGR of 2.24% during 2021-2025. To get extensive research insights: Download Sample Report
Cocoa Butter Alternatives Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.71% |
Market growth 2022-2026 |
USD 764.76 million |
Market structure |
Fragmented |
YoY growth (%) |
3.24 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, Canada, UK, China, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3F Industries Ltd., AAK AB, Bunge Ltd., Cargill Inc., DuPont de Nemours Inc., FUJI OIL HOLDINGS INC., IFFCO Group, Mewah International Inc., The Nisshin OilliO Group Ltd., and Wilmar International Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
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SOURCE Technavio
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