India Cocoa Butter Market
India Cocoa Butter Market was valued US$ Mn in 2019 and is expected to reach US$ Mn by 2027, at CAGR of % during forecast period of 2020 to 2027.
India Cocoa Butter Market Drivers and Restrains:
Cocoa Butter has properties of fat and also known as theobroma oil, which is obtained from cocoa beans after fermentation and roasting process. The cocoa butter is widely used in the production of chocolates, toiletries, ointments, and pharmaceuticals. In terms of production, Andhra Pradesh ( tonnes) is leading producer of cocoa in the country, accounted containing of 4X% of the total production. Kerala ( tonnes) is the second largest producer of cocoa in the country, held the % of total production. Karnataka and Tamil Nadu states together hold the % of total cocoa production in the country.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The India cocoa butter market is driven by a rising demand in food industry for the chocolate products such as sweet chocolate, milk chocolate, and dark chocolate. However, over consumption of cocoa butter can lead to obesity and weight gain, skin reactions and allergy, heart, cholesterol, and respiratory problems, which are restraining the market growth during the forecast period. The growing demand for natural, organic and chemical-free substitutes are likely to create lucrative opportunities in the India cocoa butter market. Revenue from the adoption of natural, organic and chemical-free substitutes are estimated to reach approximately million by 2026. The supply-demand gap is the key challenge for the India cocoa butter market over the forecast period.
India Cocoa Butter Market Segmentation Analysis:
Based on the application, the food industry segment has led the cocoa butter market in 2019 and is estimated to generate more than US$ Mn market revenue by 2027, with a CAGR of %. Rising demand of chocolate products in developing economies such as China and India on account of increasing purchasing power is projected to remain a key driving force. However, the Pharmaceutical industry segment is expected to grow at a CAGR of % in the forecast period. It plays an important role in pharmacology as it aids to protect cell membranes, maintain cholesterol levels, and reduce the occurrences of Cardiovascular Diseases (CVDs). Moderate consumption of chocolate bars supplemented with cocoa powder helps to minimize the insulin sensitivity and regulate the blood pressure levels.
The objective of the report is to present a comprehensive analysis of India cocoa butter market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding India cocoa butter market dynamics, structure by analyzing the market segments and project the India cocoa butter market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India cocoa butter market make the report investor’s guide.
Scope of the India Cocoa Butter Market:
India Cocoa Butter Market, by Form:
India Cocoa Butter Market, by Type:
• Deodorized cocoa butter
India Cocoa Butter Market, by Packaging:
• Plastic containers
• Paper containers
India Cocoa Butter Market, by End Users:
• Food industry
• Pharmaceutical industry
• Cosmetics and personal care industry
India Cocoa Butter Market, by Distribution Channel:
• Online sale
• Offline sale
• Convenience Stores
• Departmental Stores
• Direct Sales
India Cocoa Butter Market, Major Players:
• India Cocoa Pvt Ltd.
• Cargill Incorporated.
• Cocoa Mae
• Chocolate Alchemy
• Dietz Cacao Trading B.V.
• Jindal Cocoa
• Carst & Walker (C&W)
• JB FOODS Limited
• Cirana, Inc
• United Cocoa
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