Cocoa butter is a type of edible vegetable fat in form of meltable oil, which is obtained from cocoa beans, which is utilized for a number of uses such as providing texture to the chocolates during their production, cocoa butter is also used as an ingredient in production of lotions, soaps, creams, as it efficiently heals dry and sensitive skins, and other uses. Cocoa beans are ultra-hydrating and also possess a mild fragrance, and a smooth fragrance, these properties of the raw material of cocoa butter increases its demand for cosmetic products. Cocoa butter is a form of healthy fat which is saturated just like coconut oil. Cocoa butter also possesses the different type of fatty acids, present in the different amount such as myristic acid (0%-4%), palmitic acid (24%-30%), stearic acid (24%-37%), arachidic acid (around 1%), and others.
Cocoa Butter market Global Market Trends and Market Drivers:
Multiple uses of cocoa butter drives its market effectively, and its features which enables its usage includes, it accelerates hair growth and prevents thinning of hair so is used as a hair nourishing medium, cocoa butter acts as an effective treatment for drying lips, it is also an alternative to lanolin due to its high melting point, cocoa butter’s moisturizing ability maintains firmness of skin and is also used to treat mouth sores, its hardness remains untouched in normal temperature. Cocoa butter also diminishes signs of aging and soothes the skin suffering from rashes, because of availability of compounds such as cocoa mass polyphenols. Being a plant-derived saturated fat, cocoa butter is beneficial for reduction of risk of cardiovascular diseases. If consumed over refined vegetable oils, cocoa butter can act as an immune system booster as it can help in hormonal balance and brain health. Various innovative moisturizers and lotions of cocoa butter are now getting launched in the market with different flavors and other features to boost the market. One restraint of cocoa butter is that it should be consumed in less quantity, if consumed with food, as it may lead to additional weight gain. Cocoa butter is increasingly becoming expensive and so the substitutes of cocoa butter are readily used in the market, it includes coconut oil, palm oil, and others.
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Cocoa Butter Market Segmentation:
The cocoa butter market is segmented on the basis of end use, application, and distribution channel. On the basis of end use, cocoa butter market can be segmented into industrial, household and commercial segments. The industrial segment can be segmented into Food and beverage industry, Pharmaceutical industry, cosmetics and personal care and others. In regions where cocoa is a primary source, their cocoa butter is utilized for household purposes including as a cooking resource. Commercial segment includes HoReCa segment which utilizes cocoa butter. On the basis of application, cocoa butter market can be segmented into Food and beverage, cosmetics, pharmaceutical, and other domains. In food and beverage segment cocoa butter is highly used in producing chocolates such as Cadbury’s Dairy Milk, and others. On the basis of the distribution channel, cocoa butter market can be segmented into modern trade, specialty stores, convenience store, online stores and other retail stores.
Cocoa Butter Market Regional Outlook:
The regional segment for the market of cocoa butter is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. Cocoa beans, the raw material of cocoa butter is native to South and Central America region. In Europe, Netherland, France, and Germany are among the leading cocoa butter exporters of the region. Netherland is Europe’s largest producer of cocoa butter.
Cocoa Butter Market Key Players:
The key player in the cocoa butter market only includes Cargill Inc., The Hain Celestial Group, Inc., Vaseline, E.T. Browne Drug Co., Inc., Now Foods, Lush Retail Ltd., and others.
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