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Lower production of cocoa beans has highly affected their prices, thereby experiencing a surge. What are the opportunities for the manufacturers to develop potential cocoa butter alternatives? Gain the insights from the report.<br>For more info visit us - https://www.aarkstore.com <br>https://www.aarkstore.com/agriculture-food/food-beverages<br>
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Global Cocoa Butter Alternatives Market Research Report - Forecast to 2023 Agriculture and Food » Food and Beverages » Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Summary Global cocoa butter alternatives market has witnessed repetitive growth over the last few years, and it is estimated to reach USD 1.25 billion with registering a healthy CAGR of 9% during the forecast period of 2017-2023. Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Summary Lower production of cocoa beans has highly affected their prices, thereby experiencing surge. Further, rise in cocoa butter prices have compelled the manufacturers to incline towards alternatives that are cheaper and more readily available and those that are derived from natural sources. Cocoa butter alternatives majorly comprise of fats that are further segmented into three types including cocoa butter replacer (CBRs), cocoa butter equivalents (CBEs) and as cocoa butter substitutes (CBSs). In addition to the lower prices, the fatty acid compositions of cocoa butter alternatives are like that of cocoa butter and, they can be processed in the similar way as that of the later. In conclusion, the similar properties of cocoa butter alternatives create a lucrative market scenario for the manufacturers involved in the production of fats as cocoa butter alternatives. Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Summary Declining cocoa butter production has created immense opportunities for the manufacturers to develop potential cocoa butter alternatives and generate revenue through their product offerings. Oils and fats manufacturers are identified to be investing hugely in the R&D sector to develop novel products and introduce their product-line in the global market. Extensive research is carried out on plant-based as well as animal-based oils as alternatives to cocoa butter. For instance, Malaysian researchers studied mango seed fat and palm stearin as cocoa butter alternatives which could be used in chocolates for tropical countries as they can withstand high temperatures. Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Regional Analysis Asia Pacific Europe North America Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Segments: Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Segments: On the basis of source, the cocoa butter alternatives has segmented into Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Key Players: The leading market players in the global cocoa butter alternatives market primarily are Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Target Audience: Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
Key Findings: • Among the type, cocoa butter equivalents segment is expected to account for the major market proportion during the forecast period of 2017-2023. However, cocoa butter replacers is projected to expand at a substantial growth rate of 8.54% during the forecast period.• Among the sources, shea segment is expected to witness growth rate of 9.64% during the forecast period of 2017-2023. Sal, Kokum & Mango Kernel segment is projected to expand a growth rate of 8.94% during the forecast period. Regional and Country Analysis of Cocoa butter alternatives Market Development and Demand Forecast to 2023 Market:As per the analysis, the global cocoa butter alternatives market is estimated to reach USD 1.25 billion during forecast period 2017 to 2023 with registering A CAGR of 9.07% Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
BROWSE FULL MARKET REPORT Global Cocoa Butter Alternatives Market Research Report - Forecast to 2023 RelatedMarket Research Reports – Agriculture and Food Market Research Reports Food and Beverages Market Research Reports Web – www.aarkstore.com | Phone - +91 9987295242 | Mail Us – contact@aarkstore.com
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Web – www.aarkstore.com Phone - +91 9987295242 Mail Us – contact@aarkstore.com