Cocoa Butter Market | Size, Share & Global Industry Analysis

Cocoa Butter Market Synopsis

Cocoa Butter Market Size is Valued at USD 5.55 Billion in 2024, and is Projected to Reach USD 9.18 Billion by 2032, Growing at a CAGR of 6.48% From 2024-2032.

The cocoa butter market encompasses trade and consumption of cocoa butter which is naturally occurring fat that is extracted from cocoa beans. Cocoa butter plays an essential role in chocolate production, as it adds texture and enriches the taste of the finished product. It is also utilized in cosmetic, medical, and nutritional industries. The market has factors such as cocoa beans, chocolate products used, and the market for natural products.

• The leading factors influencing the cocoa butter market at the global level are the continually increasing consumption of chocolates and confectionery products. Cocoa butter is an important ingredient during the process of making chocolate, mainly for its characteristics such as the ability to melt in the mouth, velvety texture and good taste. This has been due to the growing demand for high quality and premium chocolates in the market, and the desire of manufacturers to employ the use of pure cocoa butter in the production process to meet these demands. Moreover, the increasing food and beverage sector and an increase in per capita incomes across the global population, especially in the developing countries, is expected to boost the consumption of cocoa butter.
• Moreover, cosmetics and personal care segment is another prominent consumer of the cocoa butter market as well. Cocoa butter is one of the most popular ingredients in cosmetic products owing to its emollient and free radical fighting capabilities. This has been propelled by the increasing trends of consumers seeking natural and organic products in cosmetics leading to the adoption of cocoa butter in formulating different products. The ever-growing concern about the positive impacts of cocoa butter on the skin in the cosmetics market is expected to be a key driver to the demand for cocoa butter in the near future.

Cocoa Butter Market Trend Analysis

From Bean to Beauty, Cocoa Butter's Journey in Skincare

• The cocoa butter market is observing a significant growing factor for its usage in the cosmetic and personal care market due to their moisturizing content and skin enriching tissues. It is also a popular ingredient in skincare products like lotions, creams, and balms due to its moisturizing and skin-tightening properties. The increase in consumer awareness towards natural and organic resources to be used in the cosmetic products also contribute to the growth of the market as cocoa butter is acknowledged to be of natural origin with rich antioxidant elements that assist in the protection of skin from the negative impacts of environmental factors.
• Furthermore, the food and beverage industry is also observing an increased adoption of cocoa butter especially in the high-end chocolate products segment. Cocoa butter has a melting point close to body temperature which makes the chocolate to be enjoyable with a rich creamy texture, thus it is used in making quality chocolates. The consumption of chocolate products has rapidly shifted towards products that offer the consumer a luxury chocolaty taste and consumers’ desire for higher quality products means that cocoa butter should continue to grow in the future. However, some of the factors that could limit market growth in the future years include; Still, such problems like the volatility of cocoa prices and sustainability issues constraining cocoa production could become a hindrance to the market expansion in the future years.

Indulging in Growth, The Rising Demand for Cocoa Butter

• The main driving force that is contributing to the cocoa butter market is the increased demand for chocolate and confectionery goods across the globe, especially in the developing countries. Cocoa butter is essential in the making of chocolate because it is obtained from cocoa beans and is responsible for the fine texture and pleasant taste of the cocoa.
• The first source of opportunity is the growing consumers’ awareness of the link between cocoa butter consumption and better health. It contains vitamin C and other antioxidants, and it is also considered as a source of healthy fats suitable for health-conscious consumers. The rising demand for natural and organic ingredients and its use in food products are expected to fuel the cocoa butter market. Besides, the incorporation of cocoa butter in cosmetics and personal care products because of the moisturizing qualities also increases market prospects.
• Additionally, the growth of the chocolate market, especially in the Asia-Pacific and Latin American countries, is another avenue that has a potential market for cocoa butter producers. These regions have seen an increase in disposable income hence there is increased consumption of chocolates and confectioneries, driving the demand for cocoa butter.

Cocoa Butter Market Segment Analysis:

Cocoa Butter Market Segmented on the basis of Product type, Form, and end-users.

By Product Type, Natural Cocoa Butter segment is expected to dominate the market during the forecast period

• Depending on the type of refining done on cocoa butter the market can be divided into two types namely the natural cocoa butter and deodorized cocoa butter. The cocoa butter, which is naturally occurring from the cocoa beans, is characterized by a natural aroma and taste, thus has a great demand in chocolates and confectionary products. On the contrary, while naming deodorized cocoa butter the same as cocoa butter, this one goes through the process of removing all its positive characteristics, including the taste and smell, which makes it useful in the production of everything from cosmetics and pharmaceuticals to products containing cocoa butter but with no-desirable taste. There are clearly distinct markets for both variants and their properties and uses thus explain the rationale behind demand of these two variants in various industries.

By Form, Powder segment held the largest share in 2024

• Cocoa butter market, based on the form, has been segmented into blocks, liquid and in powder form. Cocoa butter blocks are often utilized as intermediary products in chocolate production, serving as the base with both texture and taste characteristics. The currently used cocoa butter is usually found in a liquid form due to its ease of use and its ability to mix well with other ingredients as used in cosmetics, in the pharmaceutical and the food industries. Cocoa butter powder, in contrast, is highly regarded since it is easier to handle, more combustible, and has a longer shelf life in baking and confectionery applications. Both forms are beneficial, with each providing the following advantages depending on required or predicted usage by industries.

Cocoa Butter Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• The market of cocoa butter in Europe is growing steadily and it can be attributed to the growing popularities of chocolate and confectionery. This region is a major market in Europe as it is characterized by many chocolate manufacturers and confectionery companies such as Germany, France, and the United Kingdom. Highly demanding consumers in Europe also driving a quality cocoa butter in confectionery products due to the rise of premiumization of chocolate products across the globe and increasing demand for organic/natural foods. Furthermore, the region’s stringent polices and policies on foods and beverages safety has led a push on the manufacture to purchase Cocoa butter from credible and reliable suppliers.
• Additionally, they also elucidated that the European cocoa butter market is in a state of change regarding the formulation of products and the process of preparation of chocolates in terms of texture, flavor, and nutritional content. Companies have also shifted their attention to sourcing of sustainable materials like the fair-trade cocoa which has resonance well with the growing concerns of consumers over the ethical ways in which they are being sourced. Nonetheless, the market opens for several risks like the cost of cocoa, volatile supplies, and risks of substitutes like other fats and oils.

Active Key Players in the Cocoa Butter Market

• Cargill Inc. (United States)
• Barry Callebaut AG (Switzerland)
• Shirin Asal Food Industrial Group PJSC (Iran)
• Olam International Ltd (Singapore)
• SunOpta Inc. (Canada)
• Natra SA (Spain)
• Bolmay Cocoa (India)
• ECOM Agroindustrial Corporation (Switzerland)
• JB Foods Ltd. (Malaysia)
• Jindal Drugs Pvt. Ltd. (India)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Cocoa Butter Market by Product Type
 4.1 Cocoa Butter Market Snapshot and Growth Engine
 4.2 Cocoa Butter Market Overview
 4.3 Natural Cocoa Butter
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Natural Cocoa Butter: Geographic Segmentation Analysis
 4.4 Deodorized Cocoa Butter
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Deodorized Cocoa Butter: Geographic Segmentation Analysis

Chapter 5: Cocoa Butter Market by Form
 5.1 Cocoa Butter Market Snapshot and Growth Engine
 5.2 Cocoa Butter Market Overview
 5.3 Blocks
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Blocks: Geographic Segmentation Analysis
 5.4 Liquid
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Liquid: Geographic Segmentation Analysis
 5.5 Powder
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Powder: Geographic Segmentation Analysis

Chapter 6: Cocoa Butter Market by End-User
 6.1 Cocoa Butter Market Snapshot and Growth Engine
 6.2 Cocoa Butter Market Overview
 6.3 Confectionery
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Confectionery: Geographic Segmentation Analysis
 6.4 Cosmetics & Personal Care
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Cosmetics & Personal Care: Geographic Segmentation Analysis
 6.5 Pharmaceuticals
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Pharmaceuticals: Geographic Segmentation Analysis
 6.6 Food & Beverages
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Food & Beverages: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Cocoa Butter Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 CARGILL INC (UNITED STATES)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BARRY CALLEBAUT AG (SWITZERLAND)
 7.4 SHIRIN ASAL FOOD INDUSTRIAL GROUP PJSC (IRAN)
 7.5 OLAM INTERNATIONAL LTD (SINGAPORE)
 7.6 SUNOPTA INC (CANADA)
 7.7 NATRA SA (SPAIN)
 7.8 BOLMAY COCOA (INDIA)
 7.9 ECOM AGROINDUSTRIAL CORPORATION (SWITZERLAND)
 7.10 JB FOODS LTD (MALAYSIA)
 7.11 JINDAL DRUGS PVT LTD (INDIA)
 7.12 OTHER ACTIVE PLAYERS

Chapter 8: Global Cocoa Butter Market By Region
 8.1 Overview
 8.2. North America Cocoa Butter Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product Type
   8.2.4.1 Natural Cocoa Butter
   8.2.4.2 Deodorized Cocoa Butter
  8.2.5 Historic and Forecasted Market Size By Form
   8.2.5.1 Blocks
   8.2.5.2 Liquid
   8.2.5.3 Powder
  8.2.6 Historic and Forecasted Market Size By End-User
   8.2.6.1 Confectionery
   8.2.6.2 Cosmetics & Personal Care
   8.2.6.3 Pharmaceuticals
   8.2.6.4 Food & Beverages
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Cocoa Butter Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product Type
   8.3.4.1 Natural Cocoa Butter
   8.3.4.2 Deodorized Cocoa Butter
  8.3.5 Historic and Forecasted Market Size By Form
   8.3.5.1 Blocks
   8.3.5.2 Liquid
   8.3.5.3 Powder
  8.3.6 Historic and Forecasted Market Size By End-User
   8.3.6.1 Confectionery
   8.3.6.2 Cosmetics & Personal Care
   8.3.6.3 Pharmaceuticals
   8.3.6.4 Food & Beverages
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Cocoa Butter Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product Type
   8.4.4.1 Natural Cocoa Butter
   8.4.4.2 Deodorized Cocoa Butter
  8.4.5 Historic and Forecasted Market Size By Form
   8.4.5.1 Blocks
   8.4.5.2 Liquid
   8.4.5.3 Powder
  8.4.6 Historic and Forecasted Market Size By End-User
   8.4.6.1 Confectionery
   8.4.6.2 Cosmetics & Personal Care
   8.4.6.3 Pharmaceuticals
   8.4.6.4 Food & Beverages
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Cocoa Butter Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product Type
   8.5.4.1 Natural Cocoa Butter
   8.5.4.2 Deodorized Cocoa Butter
  8.5.5 Historic and Forecasted Market Size By Form
   8.5.5.1 Blocks
   8.5.5.2 Liquid
   8.5.5.3 Powder
  8.5.6 Historic and Forecasted Market Size By End-User
   8.5.6.1 Confectionery
   8.5.6.2 Cosmetics & Personal Care
   8.5.6.3 Pharmaceuticals
   8.5.6.4 Food & Beverages
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Cocoa Butter Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product Type
   8.6.4.1 Natural Cocoa Butter
   8.6.4.2 Deodorized Cocoa Butter
  8.6.5 Historic and Forecasted Market Size By Form
   8.6.5.1 Blocks
   8.6.5.2 Liquid
   8.6.5.3 Powder
  8.6.6 Historic and Forecasted Market Size By End-User
   8.6.6.1 Confectionery
   8.6.6.2 Cosmetics & Personal Care
   8.6.6.3 Pharmaceuticals
   8.6.6.4 Food & Beverages
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Cocoa Butter Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product Type
   8.7.4.1 Natural Cocoa Butter
   8.7.4.2 Deodorized Cocoa Butter
  8.7.5 Historic and Forecasted Market Size By Form
   8.7.5.1 Blocks
   8.7.5.2 Liquid
   8.7.5.3 Powder
  8.7.6 Historic and Forecasted Market Size By End-User
   8.7.6.1 Confectionery
   8.7.6.2 Cosmetics & Personal Care
   8.7.6.3 Pharmaceuticals
   8.7.6.4 Food & Beverages
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research