Cocoa is the primary ingredient in chocolate and confectionaries as its taste and versatility remain unmatched. Cocoa is an important ingredient in pharmaceutical products due to its medicinal properties. Cocoa butter is especially rich in antioxidants, making it particularly sought after by lifestyle coaches and nutritionists. Polyphenol is the main antioxidant present in cocoa butter. As per the Federation of Cocoa Commerce Market, cocoa butter is available in the form of refined, expeller and press cocoa butter.
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Texturizing Properties of Cocoa Butter Make it Popular in the Cosmetics Industry
Cocoa butter has recently gained prominence in the cosmetics industry as a texturizing agent for skincare products. Body butters, lotions, and lip sparkles use cocoa butter and cosmetic companies are continuously launching new products containing cocoa butter. In 2018, American Dream unveiled ‘Lavender and Lemon’ – an addition to its cocoa butter range of products. Along with the cosmetics industry, cocoa butter is already used to great effect in the food & beverages industry – particularly in bakeries and confectionaries.
Regulatory Trans Fat Bans Major Challenge for Key Stakeholders in Cocoa Butter Market
Processed food manufacturers are anticipated to focus their efforts on low sugar, low fat, and low carb products. Regulatory bodies have clamped down hard on trans fats in foodstuffs. In 2020, the Saudi Food & Drug Authority (SFDA) banned the use of trans fats in food products. The regulation has laid down maximum limits of trans fats in vegetable oils and margarine that food producers must adhere to. In 2019, Bunge Loaders Croklaan unveiled a clean label cocoa butter replacer termed Couva 806 NH for confectionary products. The company claims that Couva 806 NH is non-hydrogenated, non-tempering, low saturated and trans-fat. Such manufacturer interventions pose significant challenges to growth prospects in the cocoa butter market.
Dominance of European Chocolatiers Make Continent Largest Consumer of Cocoa Butter
West Africa, South East Asia, and South America are the largest producing regions of cocoa with Ivory Coast, India, Ghana, and Indonesia playing an outsize role in production. West Africa leads global production with most of it being exported to Europe. Nonetheless, the APAC region is anticipated to record the highest CAGR for the assessment period. Large processing companies are opening their production facilities in the region or expanding existing ones, leading to a dip in the price of cocoa butter. This should boost the prospects of stakeholders in the APAC cocoa butter market.
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Companies Release Branded Products to Differentiate Themselves in Cocoa Butter Market
A few companies profiled in this report on the cocoa butter market are Cargill Inc., Natra S.A., Barry Callebaut AG, Bolmay Cocoa, SunOpta, Inc., Shirin Asal Food Industrial Group PJSC, Olam International Ltd, ECOM Agroindustrial Corporation, JB Foods Ltd, and United Cocoa Processor, Inc among others. In 2019, AAK released ‘COBAO Pure’ – branded cocoa butter. AAK claims that the product slows heat-related bloom and migration, enhances bloom-retarding effects and extends shelf life by a massive amount.
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