Cocoa Butter Equivalent Market Size, Share, Opportunities, And Trends By Type (Palm Oil, Coconut Oil, Shea Butter, Others), By Application (Food and Beverages, Cosmetics, Pharmaceutical, Others), By Distribution Channel (Online, Offline (Supermarket, Hypermarket, Retailers, Others)), And By Geography- Forecasts From 2025 To 2030
- Published : Jan 2025
- Report Code : KSI061617256
- Pages : 145
The cocoa butter equivalent market is estimated to grow at a CAGR of 6.27%, attaining US$2,004.872 million by 2030, from US$1,479.363 million in 2025.
The cocoa butter equivalent (CBE) is a form of vegetable fat that contains an equal amount of triglyceride and fatty acid as the cocoa butter. The similar chemical properties to cocoa butter provide the cocoa butter equivalent with the same physical characteristics. The major factor propelling this market growth is the increasing cases of skin reactions and allergies caused by cocoa. In many instances, cocoa is also found to cause nausea, stomach discomfort, and constipation, among other digestive problems. Similarly, the declining global cocoa production is also expected to boost the demand for CBE.
What are the cocoa butter equivalent market drivers?
- Decline in the global cocoa production
The reduction in the annual cocoa production is estimated to boost the global demand for cocoa butter equivalent during the forecast period.The International Cocoa Organization, in its global report, stated that Côte d’Ivoire and Ghana together account for a total of 54% of the total cocoa production. The production in Côte d’Ivoire and Ghana observed declines of 467,000 and 448,000 tonnes, respectively, in the past three seasons. The declining cocoa production has caused severe issues across multiple industries, including a shortfall of raw materials and ingredients. The report further stated that in March 2024, the price of cocoa in London rose about 47%, from US$7,109 per tonne to US$10,455 per tonne. Similarly, in New York, the price during the same period increased from US$6,796 to US$9,729 per tonne, an increase of 44%. Furthermore, in its November 2024 report, the International Cocoa Organization stated that the price of cocoa in London observed a rise of 33% in November 2024, which was previously recorded as an increase of 12% in November 2023. Similarly, the price in New York increased by 26% in November 2024, compared to a 17% increase in November 2023.
As cocoa butter finds application across multiple global sectors, which include food & beverages, cosmetics & personal care, and pharmaceuticals, among others, the rising prices and declining production has been causing severe concerns among the key market players. The cocoa butter equivalents, like coconut oil, shea butter, and palm oil, feature similar chemical and physical properties that can be an optimum substitute for cocoa butter across the above-mentioned industries.
- Increased demand from the cosmetics sector.
The rising global demand for cosmetics and personal care products is also projected to propel the cocoa butter equivalent market growth. In the cosmetics and personal care sectors, CBEs help to efficiently replace the utilization of cocoa butter. It offers a cost-effective solution and has similar texture and chemical properties. Cocoa butter equivalent is also utilized to formulate various types of fragrance and skin creams & serums.
The Cosmetic, Toiletry, and Perfumery Association, in its report, stated that in Europe, the cosmetics market witnessed a growth of about 9.1% in 2023, which previously recorded an increase of 7.5% in 2022. The agency further stated that in 2023, the total sales of cosmetic products in the European region were estimated at EUR 96 billion, compared to EUR 88 billion of total retail sales in 2022. The agency further stated that in the total cosmetics sales in the region, Germany accounted for the biggest market, with total sales recorded at EUR 15.9 billion, followed by France and Italy, with total cosmetic retail sales recorded at EUR 13.7 and EUR 12.5 billion, respectively.
Geographical outlook of the cocoa butter equivalent market:
- Asia Pacific is forecasted to hold a major market share
The Asia Pacific region is expected to witness significant growth during the forecasted period due to the increasing production and demand for vegetable oils. The surge in the production of personal care products is also expected to propel the demand for CBEs. Countries like China, Japan, India, and South Korea are among the biggest producers and consumers of cosmetics and personal care products, using various types of cocoa butter equivalents to manufacture end products.
Cosmetics Europe, in its report, stated that the retail sales of the cosmetic sector in the Asia Pacific region have witnessed continuous growth during the past few years. The agency stated that in 2023, the total retail sales of cosmetics in China and Japan were recorded at EUR 59 and EUR 22 billion, respectively. In India and South Korea, cosmetics retail sales were recorded at EUR 13 billion and EUR 9 billion, respectively, in the same year.
Cocoa butter equivalent products offered by key companies:
- Cargill, Incorporated, is an American-based, global leader in food and nutritional products that offers a wide range of products and services across multiple industries, including agriculture, food service, beauty, bioindustry, supplements, and transportation, among many others. In the global cocoa butter equivalent market, the company offers a cocoa butter substitute with enhanced taste and texture.
- Manorama Industries Limited is an Indian manufacturer and supplier of cocoa butter equivalent products. It offers various products and solutions for food and personal care applications, including bakery, chocolate & confectionery, plant-based foods, animal nutrition, and organic cosmetic oils. The company's solutions are derived from indigenous plants and feature consumer sensory experiences.
Key developments in the cocoa butter equivalent market:
- In June 2024, Blommer Chocolate Company, a global leader in cocoa processing and part of Fuji Oil Holdings, launched a cocoa butter equivalent product line featuring enhanced texture and rich flavor.
- In April 2024, Manorama Industries Limited, a global leader in specialty fats and butter manufacturing, launched its latest manufacturing facility in Chhattisgarh, India. The company stated that the latest state-of-the-art fractionation plant can produce 25,000 tonnes per annum of cocoa butter equivalent, specialty fats, and butter, among other exotic fats.
Cocoa butter equivalent market scope:
| Report Metric | Details |
| Cocoa Butter Equivalent Market Size in 2025 | US$1,479.363 million |
| Cocoa Butter Equivalent Market Size in 2030 | US$2,004.872 million |
| Growth Rate | CAGR of 6.27% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Cocoa Butter Equivalent Market |
|
| Customization Scope | Free report customization with purchase |
The cocoa butter equivalent market is analyzed into the following segments:
- By Type
- Palm Oil
- Coconut Oil
- Shea Butter
- Others
- By Application
- Food and Beverages
- Cosmetics
- Pharmaceutical
- Others
- By Distribution Channel
- Online
- Offline
- Supermarkets
- Hypermarkets
- Retail Stores
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
The cocoa butter equivalent market is expected to reach a total market size of US$2,004.872 million by 2030.
Cocoa Butter Equivalent Market is valued at US$1,479.363 million in 2025.
The global cocoa butter equivalent market is expected to grow at a CAGR of 6.27% during the forecast period.
The cocoa butter equivalent market growth is driven by rising demand for chocolate, health trends, cost-effectiveness, and sustainable sourcing.
The Asia Pacific region is anticipated to hold a significant share of the cocoa butter equivalent market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. COCOA BUTTER EQUIVALENT MARKET BY TYPE
5.1. Introduction
5.2. Palm Oil
5.3. Coconut Oil
5.4. Shea Butter
5.5. Others
6. COCOA BUTTER EQUIVALENT MARKET BY APPLICATIONS
6.1. Introduction
6.2. Food and Beverages
6.3. Cosmetics
6.4. Pharmaceutical
6.5. Others
7. COCOA BUTTER EQUIVALENT MARKET BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
7.3.1. Supermarkets
7.3.2. Hypermarkets
7.3.3. Retail Stores
7.3.4. Others
8. COCOA BUTTER EQUIVALENT MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Application
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Type
8.3.2. By Application
8.3.3. By Distribution Channel
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Type
8.4.2. By Application
8.4.3. By Distribution Channel
8.4.4. By Country
8.4.4.1. Germany
8.4.4.2. France
8.4.4.3. United Kingdom
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Application
8.5.3. By Distribution Channel
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. Israel
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Application
8.6.3. By Distribution Channel
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. South Korea
8.6.4.4. India
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Cargill, Incorporated
10.2. Usha Edible Oil
10.3. Wild Oils
10.4. Wilmar International Ltd
10.5. Manorama Industries Limited
10.6. Makendi WorldWide
10.7. Intercontinental Specialty Fats Sdn. Bhd.
10.8. Fuji Oil Europe
10.9. Mewah Group
10.10. Olam International
10.11. FGV IFFCO SDN BHD
10.12. ADM
10.13. Mallinath Group
10.14. Olenex Sàrl
10.15. AAK AB
Cargill, Incorporated
Usha Edible Oil
Wild Oils
Wilmar International Ltd
Manorama Industries Limited
Makendi WorldWide
Intercontinental Specialty Fats Sdn. Bhd.
Fuji Oil Europe
Mewah Group
Olam International
FGV IFFCO SDN BHD
ADM
Mallinath Group
Olenex Sàrl
AAK AB
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