#Cocoa #Butter #Alternatives #Market #Worth #USD #Million
New York, US, Sept. 29, 2022 (GLOBE NEWSWIRE) — Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Cocoa Butter Alternatives Market Information by Type, Source, Application and Region- Forecast till 2028”, the market is estimated to acquire a size of over USD 1,571.25 Million by the end of 2028. The report further predicts the market to thrive at a healthy CAGR of over 6.91% during the review timeframe.
Market Scope:
The majority of the plant fat blends used as cocoa butter substitutes in chocolate are based on different vegetable fats. These are substitutions for regular cocoa butter. These substitute fats are known as cocoa butter substitutes. They can be blended without affecting the physical qualities of the cocoa butter.
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Report Scope:
| Report Attribute | Details |
| 2028 Market Size | USD 1,571.25 Million |
| CAGR | 6.91% (2021-2028) |
| Base Year | 2020 |
| Forecast Period | 2021-2028 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Source, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | potential demand of chocolate from various industries |
| declining production of cocoa beans |
Competitive Dynamics:
The key players of the market are
- Nisshin OilliO Group, Ltd. (Japan)
- Fuji Oil Holdings, Inc. (Japan)
- Cargill, Incorporated (US)
- Bunge Ltd. (US)
- Wilmar International Ltd. (Singapore)
- AAK AB (Sweden)
- 3F INDUSTRIES LIMITED(India)
- Felda IFFCO Sdn. Bhd. (Malaysia)
- Musim Mas (Singapore)
- The Mewah Group (Singapore)
Market USP:
Market Drivers
Demand and consumption of chocolate are rising gradually on a global scale. It seems like there is always a need for chocolate for use in baking and confectionery applications. It is projected that rising…
Read on GNW: Cocoa Butter Alternatives Market Worth USD 1,571.25 Million
