Cocoa Butter Equivalent (CBE) Market Size, Share, Growth, and Industry Analysis, By Type (Shea Butter, Palm Oil, Sal Fat, Kokum Butter and Mango Butter), By Application (Confectionery, Food & Beverage and Cosmetics), and Regional Forecast to 2032

• 

   Request a Free Sample To Get More Information on this Market

COCOA BUTTER EQUIVALENT (CBE) MARKET REPORT OVERVIEW

Global Cocoa Butter Equivalent (CBE) Market size was USD 139.4 Billion in 2024 and market is projected to touch 241.8 Billion by 2032, exhibiting a CAGR of 6.7% during the forecast period.

The Cocoa Butter Equivalent (CBE) market has grown rapidly over the years because of its usefulness across various industries, including confectionery, cosmetics and pharmaceuticals. CBEs are employed in the manufacture of chocolates asocoa butter replacements that are cheaper to ensure whilst exhibiting desirable attributes including texture, stability and mouth feel. This is especially so if the markets for premium chocolates and healthier products are rapidly growing as deemed at the moment. Consumer concern towards increased use of plant based and vegan products also help to drive the use of CBEs which is produced from several vegetable oils.

Apart from the food industry, CBEs are finding application in cosmetic industry for creams, lotions and lip balms because of the moisturizing and emollient nature. The market is also growing due to the increased consciousness about sustainable and ethical sourcing as many of the CBE products are made from sustainably certified sources. In addition to the technological enhancement in the manufacturing process and the availability of the different CBE types (like mixed fat blends), growth in the global market is achieved on the grounds that the current CBE alternatives outcompete the traditional cocoa butter in terms of quality while at the same time being cheaper.

COVID-19 IMPACT

"Cocoa butter equivalent (CBE) Industry Had a positive Effect Due to focus on healthier eating habits during COVID-19 Pandemic"

The COVID-19 outbreak had a tempered effect on the growth of the Cocoa Butter Equivalent (CBE) market. On one side, disruptions in the global Value Chain and the halt of manufacturing operations during periods of lock downs resulted in production and Supply side constraints in the distribution of CBE products. This led to higher production costs especially to manufactures of foods and other products such as confectionery and cosmetics that use these ingredients liberally. Furthermore, the lockdown coupled with the sale of huge stocks of luxury products such as premium chocolates also affected the CBE because the food market moved towards more crucial products during the pandemic period.

On the same note, the pandemic also had some effects in promoting some dynamics for the CBE market. Due to increasing awareness of improved nutrition, plant-based and vegan products are being sought leading to increased demand for CBE as a replacement for cocoa butter. Furthermore, the buying of some of the key CBEs, especially those that fell within the cosmetic products, went up due to the need for moisture boosters during the pandemic. In the process of its recovery, manufacturers of food and cosmetic products in particular upgraded to sustainable and cheaper materials like CBEs and thus contributed to the market’s futuredevelopment.

LATEST TREND

"Growing demand for sustainable and ethically sourced CBEs to Drive Market Growth"

A relatively new development in the CBE market has been the customers’ increased concern with sustainability and the ethical sources of CBEs. Sourcing has also become more sustainable today since customers and producers often have a social responsibility factor towards the society. Since then, there has been an increasing preference for CBEs obtained from certified sustainable sources including the Fair Trade and Rainforest Alliance affiliates. This trend is consistent with the other attempts coming from the food and cosmetic sector to reduce the negative impact on the environment and labor rights exploitation. CBEs need to bet sustainable in order to appeal to customers who are increasingly becoming considerate of the environment and also due to regulatory compliance, enhancement of brand value in competitivelymarkets.

COCOA BUTTER EQUIVALENT (CBE) MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Shea Butter, Palm Oil, Sal Fat, Kokum Butter and Mango Butter

• Shea Butter: Obtained from the nuts of the shea tree common in the West Africa part, shea butter possesses vitamins A, E, as well as F. Cosmetology widely applies it as an attribute to moisturize and relieve inflammation. Besides that, it is added in some food products because of its fine particle size which gives neutral taste.

• Palm Oil: Palm oil is an edible vegetable oil derived from the fruit of the oil palm tree and is used in cooking, food processing and production as well as for manufacturing body products. It was, and is still, a non-polar saturation fat that offers a stable cooking pan and is appreciated for its shelf life. While the palm oil is accused of causing issues related to deforestation there are also products that are made from sustainably produced palm oil.

• Sal Fat: Extracted from the seeds of the Sal tree of the Indian subcontinent, Sal fat is extremely popular and is a white, solid fat at room temperature like cocoa butter and is used in food and cosmetics. It possesses very high emulsification capacity that makes it ideal in preparations of skin care products. The fat of the fruit is also taken as traditional medicines for ailments with inflammations.

• Kokum Butter: Kokum butter is a hard butter gotten from the seeds of the kokum tree which is indigenous to India and has a mild odor. They use it in skin care owing to its effectiveness in moisturizing the skin and enhancing skin tone. Most of the time, kokum butter is also used in the traditional medicine of India, known as Ayurveda owing to these functions.

• Mango Butter: Mango butter on extracted from the kernel of the mango seeds and it soft and it is highly rich in antioxidants and vitamins. It has many applications and it is also being used in skin care products to help to moisturize skin, treat dry skin and to SPF protection. Mango butter also has a positive effect on the skin’s elasticity and is also used in hair products for that purpose.

By Application

Based on application, the global market can be categorized into Confectionery, Food & Beverage and Cosmetics

• Confectionery: In confectionery industry, Cocoa Butter Equivalent (CBE) is used mainly for the formulation of chocolates, because it is cheaper than cocoa butter and has properties that provide the right texture and mouth feel. It also assists with decreasing choco and confection sturdiness or shelf stability. CBEs also facilitate formulation of products with less forming, biqueterie finish, and same taste as chocolate prepared with cocoa butter.

• Food & Beverage: CBE is employed in more products than chocolates, and is incorporated in bakery products, coatings and fillings because it improves texture and mouthfeel compared to cocoa butter, at a comparatively low cost. This makes the properties concerning the melting point and uniformity of these products to be on the improve. Further, CBEs are applied in functional food products to offer a credible and plant-based fat substrate.

• Cosmetics: In cosmetics, CBE has benefits as an emollient and moisturizer, and is used in ointments, creams and lip balms. It contributes towards achieving the right consistency on the skin and texture for facial creams, and as well feeds the skin. CBEs are also incorporated in anti-aging and skin repair products because of the antioxidant credentials of the ingredient.

MARKET DYNAMICS

Driving Factors

"Rising Demand for Healthier and Plant-Based Alternatives to Boost the Market"

A factor in thecocoa butter equivalent (CBE) market growth is the Rising Demand for Healthier and Plant-Based Alternatives. As more and more people turn to plant- and vegan-based diets as well as avoiding palm oil the demand for cocoa butter replacers for chocolate and confectionery applications also rises. CBE is an excellent cocoa butter equivalent that. Vegetable oil derivatives such as CBE make cocoa butter replacement possible without compromising on quality. It supports better fat balance with low levels of saturated fat that would be appreciated by the growing market of people with conscious nutrition.

"Technological Advancements to Expand the Market"

The global CBEs market has also been strengthened by improvements in production processes as well as production of better and efficient CBEs. Such developments have enhanced the stability, cohesiveness, and quality of CBE-based products enhancing their attractiveness to manufacturers. Moreover, the finer method can produce special CBE blends in accordance with product requirement to improve the application suitability as well as market applicability of the CBE.

Restraining Factor

"Raw Material Dependency and Supply Chain Challenges to Potentially Impede Market Growth"

The production of CBE depends mostly on the raw materials which includes palm oil, shea butter, and other vegetable oils. Uncertainty in these raw material price due to things such as weather conditions, political instabilities and interruptions in the supply chain present a threat to the stability and cost of CBE production. Besides, shortcomings, such as deforestation, the conflict of land use and certain ethical questions concerning the production of palm oil, have provoked increasing attention and requirements for more socially appropriate sourcing, which means additional expense or product unavailability in certain conditions.

Opportunity

"The growing demand for plant-based ingredients to Create Opportunity for the Product in the Market"

Cocoa Butter Equivalent (CBE) market has the great opportunity to flourish with the constantly rising demand for plant-based products, healthy and sustainable, and ethical ingredients. With a new trend toward healthy, vegan, and green products, CBEs produced from sustainably sources like certified palm oil or shea butter can be created. Also, progress in manufacturing technology could enhance the quality and affordable price of CBEs, leading to enhanced usage in fancy food and cosmetics.

Challenge

"Increasing Competition from Alternative Could Be a Potential Challenge for Consumers"

The biggest threats that have to be faced in the future of the CBE market are its competitors sourced from other vegetable oils and fats’ such as sal fat, mango butter, and kokum butter among others. These ones which are also healthy and sustainable could displace CBE in the different uses that it is associated with. Eradicating this competition and making a distinction between CBE as a sustainable product from the original one and product quality will be key determinants of the company’s progress in the future.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

COCOA BUTTER EQUIVALENT (CBE) MARKET REGIONAL INSIGHTS

• North America

North America is the fastest-growing region in this market. The United States cocoa butter equivalent (CBE) market has been growing exponentially owing to multiple reasons. The CBE manufacturing market Of North America is growing due to the growing popularity of natural and healthy products of Cocoa Butter substitute. The market for vegan and dairy-free chocolate and premium chocolate products fuels the use of CBEs in confectionery. Beverage CBE growth is also aided by the increasing market for natural formulation of cosmetic and personal care products. This has increased the awareness of sustainability and ethical sourcing in the region that consequently expanded the demand for the certified sustainable CBEs.

• Europe

Currently, Europe is the strongest-growing market in the CBE market owing to its high levels of chocolate and confectionery consumption, especially premium and organic ones. There is, therefore, increasing shifts to CBEs from cocoa butter on the grounds that they are cheaper and viable options in chocolate production process. In cosmetics, Europeans are very selective with their choice of ingredients and going natural and environment friendly makes CBEs more popular CBEs in the region. The European market also gives credence to equally stringent rules that supports the use of premium products that are made from materials that passed through tried and tested ethical tests as well as stringent environmentally conscious certifications.

• Asia

The CBE market is emerging most strongly within the Asia region as it continues to expand its requirements of processed foods, chocolates and personal care products. This is due to the region’s rising middle-income earners and awareness on plant based as well as sustainable products in the midst of the coming up CBEs. The market is also enjoying the supply of raw materials for the production of CBEs such as palm oil and shea butter in the region. But there are some problems that still occur in some parts of Asia such as the consumer education and existence of local substitutes.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key industry players are shaping the cocoa butter equivalent (CBE) marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the cocoa butter equivalent (CBE) market.

List of Top Cocoa Butter Equivalent (Cbe) Companies

• AAK [Sweden]
• Bunge Loders Croklaan [Netherlands]
• Wilmar International [Singapore]
• Fuji Oil [Japan]
• Olam International [Singapore]

KEY INDUSTRY DEVELOPMENT

December 2023: The recent one that hit the market is Karibon from Bunge Loders Croklaan in December 2023 and can be categorized as Cocoa Butter Equivalent. The CBE that Karibon is, operates solely on shea butter to meet the increasing demand for chocolate inputs that are both sustainable and nutritional. This product enhances values including nutritional benefits, low saturated fatty acids, and suitability for conversion into chocolates confectionery. In this sense it complements the emerging concept of SCMs because it promotes the culture of choosing products that have both good taste and quality as well as being friendly to the environment.

REPORT COVERAGE

The study offers a detailed SWOT analysis and provides valuable insights into future developments within the market. It explores various factors driving market growth, examining a broad range of market segments and potential applications that may shape its trajectory in the coming years. The analysis considers both current trends and historical milestones to provide a comprehensive understanding of the market dynamics, highlighting potential growth areas.

The cocoa butter equivalent (CBE) market is poised for significant growth, driven by evolving consumer preferences, rising demand across various applications, and ongoing innovation in product offerings. Although challenges such as limited raw material availability and higher costs may arise, the market's expansion is supported by increasing interest in specialized solutions and quality improvements. Key industry players are advancing through technological advancements and strategic expansions, enhancing both supply and market reach. As market dynamics shift and demand for diverse options increases, the cocoa butter equivalent (CBE) market is expected to thrive, with continuous innovation and broader adoption fueling its future trajectory.