Europe Cocoa Butter Market

Europe Cocoa Butter Market Size, Share, Growth (2022-2027)

Europe Cocoa Butter Market was valued at XX billion USD. The market is expected to reach XX billion by 2027, growing at a CAGR of XX during the forecast period of 2022 to 2027.

Cocoa butter is a pure, stable fat most commonly found in body and face lotions. It is, however, used in both sweet and savory dishes. Cocoa butter, also known as cacao butter, has a cocoa flavor and aroma and is classified as vegetable fat. Despite the name's use of the word "butter," it is vegan and contains no dairy products. Cocoa butter is a pale yellow solid that needs to be melted before cooking. It produces white chocolate and other chocolate bars, providing the confection with a smooth and silky mouthfeel. Cocoa butter is made from cocoa beans from the Theobroma cacao plant. The cocoa nibs are ground into a paste (cocoa liquor), then pressed to extract the fat. This fat, known as theobroma oil, is cocoa butter that has been separated from the solids and then processed into cocoa powder.

Europe Cocoa Butter Market Drivers:

The increased in demand for cocoa butter is growing in sectors such as dairy, frozen desserts, and baking, which is a major driving factor for the Europe cocoa butter market. In addition, novelty products in the confectionery market have increased demand for cocoa products such as cocoa butter, cocoa liquor, and cocoa powder. Cocoa butter is a byproduct expected to grow as cocoa bean processing expands. One of cocoa butter's most significant health benefits is its anti-inflammatory properties. This is due to the increased presence of phytochemicals. As a result, in some cases, even health experts recommend consuming cocoa butter. This could increase the demand for cocoa butter in the future.Furthermore, cocoa butter helps prevent various health problems, including hair loss, skin irritation, and other ailments. These materials can improve blood flow to the skin and slow skin aging by shielding it from UV rays caused by the sun. Cocoa butter is frequently used to smooth scars, wrinkles, and other skin flaws. These are some factors that contribute to the market's growth.

Europe Cocoa Butter Market Restraints:

High volatility in cocoa prices and limited cocoa production limit market growth. Raw cacao products with minimal processing contain less sugar and are higher in antioxidants than fully processed cacao products, slowing market growth. Furthermore, some alternative products on the market are high in protein, such as palm oil, which is thought to be a better option in many cases. Palm oil is thought to be a much healthier alternative to cocoa butter. It is a more nutritious option. Aside from that, the data indicates that palm oil has fewer saturated fatty acids than cocoa butter.

Covid-19 Impact:

Lockdowns in Europe and other international markets have resulted from the spread of the COVID-19 pandemic. Lockdowns disrupted the supply chain in cocoa-producing countries. Local initiatives help to strengthen the cocoa industry. Because of the uncertainty surrounding COVID-19, it is even more important to monitor developments in the cocoa and chocolate markets. As a result of the pandemic, the food and beverage industries have experienced severe disruptions, such as supply chain breakdowns, technology event cancellations, and office closures. Numerous plant and factory closures in leading countries such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, Belgium, the Netherlands, and Switzerland have negatively impacted manufacturing, delivery schedules, and sales of various products.

Recent Developments in Europe Cocoa Butter Market:

· In 2021, Cargill completed a US$100 million expansion of its cocoa processing facilities in Yopougon, Côte d'Ivoire, significantly increasing the company's cocoa-grinding capacity. With this investment, the Yopougon facility has become Africa's single largest cocoa-grinding plant.

· Olam Cocoa, a leading supplier of cocoa beans and ingredients, announced in 2020 that it had achieved 100% traceability of directly sourced cocoa throughout its global supply chain. As a result, the company can trace cocoa beans back to a specific farm or community. In addition, Olam Cocoa has developed an end-to-end traceability system to track cocoa at every stage of the direct supply chain across nine countries to accomplish this.

Europe Cocoa Butter Market Segmentation: 

The Europe Cocoa Butter Market research study is divided into the following categories and sub-categories:

Europe Cocoa Butter Market Segmentation: By Types

• Natural, 

• Deodorized, 

• Semi-Deodorized

Natural cocoa butter has a larger market share than deodorized and semi-deodorized cocoa butter. This is because natural cocoa contains more natural antioxidants, a major factor for the segment to grow tremendously. Aside from that, the odor of natural cocoa butter is very similar to that of chocolate. Deodorized and semi-deodorized cocoa butter is used in personal care products and other applications. Therefore, Deodorized segment is expected to have significant growth opportunities in the coming years. 

Europe Cocoa Butter Market Segmentation: By Form

• Solid 

• Powder

• Liquid

The cocoa butter market can be divided into solid and liquid. The solid form is the most commonly supplied product in the market by manufacturers and is expected to grow further during the forecast period. The liquid cocoa butter is delivered in tanks, whereas the solid is delivered in blocks, cubes, and chip boxes.

Europe Cocoa Butter Market: By Nature

• Organic

• Conventional

The cocoa butter market is divided into two categories: organic and conventional. This is because the quality of cocoa butter obtained through organic methods is far superior to conventional cocoa butter. The rapid growth of organic cocoa butter can be attributed to fewer pesticides, the absence of GMOs, and the ability to directly support local farming. Furthermore, consumers prefer organic cocoa butter because it is sustainable and has been shown to reduce carbon footprints.

Europe Cocoa Butter Market Segmentation: By Distribution Channel

• Supermarkets/Hypermarkets

• Convenience Stores

• Food Specialty Stores

• Online Channels

• Other Distribution Channels

Based on the distribution channel, the cocoa butter market is segmented by retail stores, supermarkets/hypermarkets, e-commerce, and others. Supermarkets/hypermarkets lead in the cocoa butter market due to the wide range of availability of the products in supermarkets/hypermarkets. Furthermore, the e-commerce channel is expected to grow in the coming year as there are stores that sell their products through the online platform.

Europe Cocoa Butter Market Segmentation: By Countries

· Germany, 

· France,

· U.K., 

· Italy, 

· Spain, 

· Russia, 

· Turkey, 

· Belgium, 

· Netherlands, 

· Switzerland

Rise in the use of cocoa products in industrial applications, Germany has the largest market share in Europe. Germany, for example, is Europe's largest cocoa butter importer, with 152 thousand tons in 2020, 31% of which was sourced directly from cocoa-producing countries. With 116 thousand tonnes, Belgium is the second-largest importer. Direct imports from Belgium accounted for 10% of total imports. In 2020, the Netherlands imported 83 thousand tonnes of cocoa, with 87% coming directly from cocoa-producing countries. France was the fourth-largest importer of cocoa butter in 2020, with 78 thousand tonnes, 77% of which came directly from cocoa-producing countries.

Europe Cocoa Butter Market Key Players:

1. Moner Cocoa, S.A.

2. Cargill

3. Altinmarka

4. Olam International

5. Barry Callebaut

6. Gustavheess

7. Varihona Inc. (France)

8. Ferrero International S.A.

9. Ephoka, Natra S.A.

10. ECOM Agroindustrial corporation