July 30, 2020
According to the recent research report titled ‘Global Cocoa Butter Equivalent (CBE) Market (Volume, Value) - Analysis By Product Type, End-User, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country , available with Market Study Report LLC, global cocoa butter equivalent (CBE) market is expected to grow substantially over 2019-2024, registering a y-o-y growth rate of 8% throughout.
The report on global cocoa butter equivalent (CBE) market provides an in-depth analysis of global cocoa butter equivalent (CBE) market and offers information based on industry share, size and growth drivers. In addition, the study also includes key trends as well as challenges and opportunities impacting the overall market outlook over the forecast period.
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Based on product type, global cocoa butter equivalent (CBE) market is divided into illipe butter, kokum butter, palm oil fraction, shea butter, and others. The palm oil fraction segment has witnessed a robust growth rate in the recent past on account of its increased usage in cosmetics industry, easy availability, and low prices. Speaking of end user scope, the market is bifurcated into food & beverages, confectionary, and others.
From a regional perspective, global cocoa butter equivalent (CBE) is fragmented into North America, Europe, Asia Pacific, and Rest of the World. As per the report, Europe held majority share of global cocoa butter equivalent (CBE) industry in the year 2018. Factors such as presence of branded confectionary manufacturers, and growing consumption of chocolate contribute to the regional market expansion.
Leading organizations in global cocoa butter equivalent (CBE) market are Manorama Group, Nisshin Oillio Group, Ltd., Felda Iffco, 3F Industries Ltd., Cargill, Inc., IOI Group, Fuji Oil Holdings Inc., Danisco A/S, and AAK.