NEW
YORK, Oct. 4, 2022 /PRNewswire/ -- The "Cocoa
Butter Alternatives Market by Product and Geography - Forecast and
Analysis 2022-2026" report by Technavio expects the market size
to grow by USD 764.76 million and
accelerate at a CAGR of 4.71% during the forecast period. The
report considers various aspects such as the consumer base,
adoption rate, average selling price, revenue generated by vendors,
and various other factors to estimate the market size. Download
Sample PDF Report Here to get an idea of the overall scope of
the full report.
The global cocoa butter alternatives market is fragmented due to
the presence of several players. Vendors in the market are focusing
on mergers and acquisitions to remain competitive and gain an edge
over their rivals. For instance, in March
2021, AAK AB partnered with Big Idea Ventures to accelerate
the development of ingredient solutions for alternative meat and
dairy products. Similarly, in August
2021, Cargill Inc. entered into an agreement to acquire
Aalst Chocolate Pte. Ltd., a Singapore-based chocolate manufacturer.
The report identifies 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. as major market participants.
Although the increasing demand for chocolate coupled with new
product launches will offer immense growth opportunities, growing
health concerns about diabetes and obesity will challenge the
growth of the market participants. To make the most of the
opportunities, market vendors should focus more on the growth
prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments. Request Sample Report
Here
Cocoa Butter Alternatives Market
2022-2026: Segmentation
The cocoa butter alternatives market is segmented as below:
- Product
-
- Cocoa Butter Equivalents
- Cocoa Butter Replacers
- Cocoa Butter Substitutes
The cocoa butter equivalents segment will have the largest share
of the market. The segment is driven by the increased use of cocoa
butter equivalents in chocolate products. The market growth in the
segment will be significant over the forecast period.
- Geography
-
- North America
- Europe
- APAC
- MEA
- South America
North America will dominate the
market growth, occupying 38% of the global market share. The US is
the key market for cocoa butter alternatives in North America. Technavio presents a detailed
picture of the market by way of study, synthesis, and summation of
data from multiple sources. Our cocoa butter alternatives market
report covers the following areas:
- Cocoa Butter Alternatives Market Size
- Cocoa Butter Alternatives Market Trends
- Cocoa Butter Alternatives Market Industry Analysis
Cocoa Butter Alternatives Market
2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in
the cocoa butter alternatives market, including some of the
dominant vendors. Backed with competitive intelligence and
benchmarking, our research report on the cocoa butter alternatives
market is designed to provide entry support, customer profile, and
M&As as well as go-to-market strategy support.
Cocoa Butter Alternatives Market
2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist cocoa butter
alternatives market growth during the next five years
- Estimation of the cocoa butter alternatives market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the cocoa butter alternatives market
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of cocoa butter alternatives market vendors
Related Reports:
- Cocoa Market by Product, Application, and Geography -
Forecast and Analysis 2021-2025
- Chocolate Market by Product and Geography - Forecast and
Analysis 2021-2025
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, and
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.
|
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Cocoa butter equivalents - Market size and forecast
2021-2026
- Cocoa butter replacers - Market size and forecast
2021-2026
- Cocoa butter substitutes - Market size and forecast
2021-2026
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size
and forecast 2021-2026
- Europe - Market size and
forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- South America - Market size
and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
- Wilmar International Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focus on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio's report library consists of more than 17,000 reports and
counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
more than 100 Fortune 500 companies. This growing client base
relies on Technavio's comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Newsroom:
newsroom.technavio.org/news/cocoa-butter-alternativesmarket
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cocoa-butter-alternatives-market-to-record-usd-764-76-mn-growth-driven-by-increasing-demand-for-chocolate-coupled-with-new-product-launches--technavio-301639261.html
SOURCE Technavio