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Global Cocoa Butter Equivalent (CBE) Market (Volume, Value)

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Cocoa Butter Equivalent Market.Request free Sample of this Report @: http://azothanalytics.com/report/chemicals/global-cocoa-butter-equivalent-cbe-market-volume-value-analysis-by-product-type-shea-butter-palm-oil-fraction-kokum-butter-illipe-butter-end-user-confectionary-food-and-beverage-by-region-by-country-2019-edition-opportunities-and-forecast-2014-2024-r33203Visit us: http://azothanalytics.com/research/chemicals-c6

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Cocoa Butter Equivalent Market.Request free Sample of this Report @: http://azothanalytics.com/report/chemicals/global-cocoa-butter-equivalent-cbe-market-volume-value-analysis-by-product-type-shea-butter-palm-oil-fraction-kokum-butter-illipe-butter-end-user-confectionary-food-and-beverage-by-region-by-country-2019-edition-opportunities-and-forecast-2014-2024-r33203Visit us: http://azothanalytics.com/research/chemicals-c6

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<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> (<strong>CBE</strong>) <strong>Market</strong> (<strong>Volume</strong>, <strong>Value</strong>) - Analysis By<br />

Product Type (Shea <strong>Butter</strong>, Palm Oil Fraction, Kokum <strong>Butter</strong>, Illipe <strong>Butter</strong>),<br />

End-User ( Confectionary, Food and Beverage, Others), By Region, By<br />

Country (2019 Edition): Opportunities and Forecast (2014-2024)<br />

• By Region- APAC , North America,<br />

Europe, ROW<br />

• By Country - US, Canada, Germany,<br />

Mexico, UK, France, Germany, China,<br />

India, South Korea, Saudi Arabia,<br />

Brazil<br />

April 2019 1


<strong>Global</strong><br />

Regional<br />

Scope of the Report –<strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong><br />

Historical<br />

Forecast<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

<strong>Market</strong> (By <strong>Value</strong> ) <br />

By Product, Type<br />

By <strong>Value</strong> & By<br />

<strong>Volume</strong><br />

Shea <strong>Butter</strong> <br />

Palm Oil Fraction <br />

Kokum <strong>Butter</strong> <br />

Illipe <strong>Butter</strong> <br />

Others<br />

Confectionary <br />

By End Users ,<br />

By <strong>Value</strong> Food and Beverages <br />

Others <br />

<strong>Market</strong> (By <strong>Value</strong> ) <br />

By Product, Type<br />

By <strong>Value</strong> & By<br />

<strong>Volume</strong><br />

By End Users,<br />

By <strong>Value</strong><br />

Shea <strong>Butter</strong> <br />

Palm Oil Fraction <br />

Kokum <strong>Butter</strong> <br />

Illipe <strong>Butter</strong> <br />

Confectionary <br />

Food and Beverages <br />

Others <br />

2


Country<br />

Scope of the Report – <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong><br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

<strong>Market</strong> (By <strong>Value</strong> ) <br />

By Product Type,<br />

By <strong>Value</strong><br />

Company Analysis<br />

Regional Analysis<br />

Country Analysis<br />

Shea <strong>Butter</strong> <br />

Palm Oil Fraction <br />

Kokum <strong>Butter</strong> <br />

Illipe <strong>Butter</strong> <br />

Others <br />

AAK, Danisco, Fuji Oil Holdings Inc, IOI Group, cargill., 3F Industries Ltd., Nisshin Oillio Feldaiffco, Manorma Group<br />

North America, Europe, APAC and ROW<br />

U.S, Canada, Germany, U.K, France, China, India, South korea Saudi Arabia and Brazil<br />

3


Table of Content<br />

S.No Particulars Page<br />

No.<br />

1. Research Methodology 25<br />

2. Executive Summary 26<br />

3. Strategic Recommendation 27<br />

3.1 Focus on Illipé in <strong>CBE</strong> <strong>Market</strong> 28<br />

3.2 Focus on Biosynthesized <strong>CBE</strong> 29<br />

3.3 Asia Pacific Region to witness highest growth during forecast period. 30<br />

4. Product Overview 31<br />

5. <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Growth and Forecast 35<br />

5.1 By <strong>Value</strong> (2014-2018) 36<br />

5.2 By <strong>Value</strong> (2019-2024) 38<br />

5.3 By <strong>Volume</strong> (2014-2018) 42<br />

5.4 By <strong>Volume</strong> (2019-2024) 43<br />

6. <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>-By Product Type, By <strong>Value</strong> 44<br />

6.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By <strong>Value</strong>: Breakdown(%) 45<br />

6.1.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type , 2018 45<br />

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6.1.2 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type , 2024 46<br />

6.3 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Palm Oil Fraction 47<br />

6.3.1 By <strong>Value</strong> (2014-2024) 48<br />

6.4 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Shea <strong>Butter</strong> 51<br />

6.4.1 By <strong>Value</strong> (2014-2024) 51<br />

6.5 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Kokum <strong>Butter</strong> 52<br />

6.5.1 By <strong>Value</strong> (2014-2024) 52<br />

6.6 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Illipe <strong>Butter</strong> 53<br />

6.6.1 By <strong>Value</strong> (2014-2024) 53<br />

6.7 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Other <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s 54<br />

6.7.1 By <strong>Value</strong> (2014-2024) 54<br />

7. <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>-By Product Type, By <strong>Volume</strong> 55<br />

7.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By <strong>Volume</strong>: Breakdown(%) 56<br />

7.1.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type , 2018 56<br />

7.1.2 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type , 2024 57<br />

7.2 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Shea <strong>Butter</strong> 58<br />

7.2.1 By <strong>Volume</strong> (2014-2024) 59<br />

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7.3 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Palm Oil Fraction 60<br />

7.3.1 By <strong>Volume</strong> (2014-2024) 60<br />

7.4 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Kokum <strong>Butter</strong> 61<br />

7.4.1 By <strong>Volume</strong>(2014-2024) 61<br />

7.5 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Illipe <strong>Butter</strong> 62<br />

7.5.1 By <strong>Volume</strong> (2014-2024) 62<br />

7.6 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By Other <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s 63<br />

7.6.1 By <strong>Volume</strong> (2014-2024) 63<br />

8. <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>-By End Users 64<br />

8.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>- By End Users: Breakdown(%) 65<br />

8.1.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By End Users , 2018 65<br />

8.1.2 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By End Users , 2024 66<br />

8.2 <strong>Global</strong> Food and Beverages <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> 67<br />

8.2.1 By <strong>Volume</strong> (2014-2024) 67<br />

8.3 <strong>Global</strong> Confectionery <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> 68<br />

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8.3.1 By <strong>Value</strong> (2014-2024) 68<br />

8.4 <strong>Global</strong> Other End Users <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> 70<br />

8.4.1 By <strong>Value</strong> (2014-2024) 70<br />

9. <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: Regional Analysis 71<br />

9.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Region: Breakdown (%) 72<br />

9.1.1 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By Region, By <strong>Value</strong>, 2018 (%) 72<br />

9.1.2 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By Region, By <strong>Value</strong>, 2024 (%) 72<br />

9.1.3 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By Region, By <strong>Volume</strong>, 2018(%) 73<br />

9.1.4 <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By Region, By <strong>Volume</strong>, 2024 (%) 73<br />

9.2 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: An Analysis 74<br />

9.2.1 By <strong>Value</strong> (2014-2018) 75<br />

9.2.2 By <strong>Value</strong> (2019-2024) 78<br />

9.2.3 By <strong>Volume</strong> (2014-2018) 80<br />

9.2.4 By <strong>Volume</strong> (2019-2024) 81<br />

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9.3 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Segment Analysis 82<br />

9.3.1 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 83<br />

9.3.2 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Volume</strong> (2014-2024) 86<br />

9.3.3 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By End Users, By <strong>Value</strong> (2014-2024) 89<br />

9.4 North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: Country Analysis (U.S., Canada, Mexico) 91<br />

9.4.1 U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 95<br />

9.4.2 U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 98<br />

9.4.3 U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 100<br />

9.4.4 Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 103<br />

9.4.5 Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 105<br />

9.4.6 Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 107<br />

9.4.7 Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 110<br />

9.4.8 Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 111<br />

9.4.9 Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 113<br />

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9.5 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: An Analysis 115<br />

9.5.1 By <strong>Value</strong> (2014-2018) 116<br />

9.5.2 By <strong>Value</strong> (2019-2024) 117<br />

9.5.3 By <strong>Volume</strong> (2014-2018) 119<br />

9.5.4 By <strong>Volume</strong> (2019-2024) 120<br />

9.6 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Segment Analysis 123<br />

9.3.1 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 124<br />

9.3.2 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Volume</strong> (2014-2024) 127<br />

9.3.3 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By End Users, By <strong>Value</strong> (2014-2024) 130<br />

9.7 Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: Country Analysis (U.S., Canada, Mexico) 132<br />

9.7.1 United Kingdom <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 136<br />

9.7.2 United Kingdom <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 139<br />

9.7.3 United Kingdom <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 141<br />

9.7.4 France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 144<br />

9.7.5 France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 145<br />

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9.7.6 Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 150<br />

9.7.7 Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 153<br />

9.7.8 Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 155<br />

9.7.9 Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 158<br />

9.7.10 Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 159<br />

9.8 Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: An Analysis 160<br />

9.8.1 By <strong>Value</strong> (2014-2018) 161<br />

9.8.2 By <strong>Value</strong> (2019-2024) 162<br />

9.8.3 By <strong>Volume</strong> (2014-2018) 164<br />

9.8.4 By <strong>Volume</strong> (2019-2024) 165<br />

9.9 Asia Pacific <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Segment Analysis 166<br />

9.9.1 Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 167<br />

9.9.2 Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Volume</strong> (2014-2024) 170<br />

9.9.3 Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By End Users, By <strong>Value</strong> (2014-2024) 173<br />

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9.10 Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Country Analysis (China, India, South Korea, Rest of Asia Pacific) 175<br />

9.10.1 China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 179<br />

9.10.2 China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 181<br />

9.10.3 China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 183<br />

9.10.4 India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 186<br />

9.10.5 India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 189<br />

9.10.6 India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 191<br />

9.10.7 South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 194<br />

9.10.8 South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 195<br />

9.10.9 South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 197<br />

9.10.10 Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 200<br />

9.10.11 Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 201<br />

9.11 Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: An Analysis 202<br />

9.11.1 By <strong>Value</strong> (2014-2018) 203<br />

9.11.2 By <strong>Value</strong> (2019-2024) 204<br />

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9.11.3 By <strong>Volume</strong> (2014-2018) 205<br />

9.11.4 By <strong>Volume</strong> (2019-2024) 206<br />

9.12 Rest of World <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: Segment Analysis 207<br />

9.12.1 Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type 208<br />

9.12.2 Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 208<br />

9.12.3 Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Volume</strong> (2014-2024) 212<br />

9.13 Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>: Country Analysis (U.K., Germany, France, Rest of Europe) 215<br />

9.13.1 Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 219<br />

9.13.2 Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 220<br />

9.13.3 Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 222<br />

9.13.4 Saudi Arabia <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Value</strong> (2014-2024) 225<br />

9.13.5 Saudi Arabia <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By <strong>Volume</strong> (2014-2024) 226<br />

9.13.6 Saudi Arabia <strong>Butter</strong> <strong>Equivalent</strong>s <strong>Market</strong>, By Product Type, By <strong>Value</strong> (2014-2024) 228<br />

10 <strong>Market</strong> Dynamics 230<br />

10.1 <strong>Market</strong> Drivers 230<br />

10.2 Challenges 234<br />

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11. <strong>Market</strong> Trends 237<br />

12. Porter’s Five Forces Analysis 241<br />

13. SWOT Analysis 243<br />

14. Policy and Regulatory Landscape 247<br />

15. Company Profiling 250<br />

15.1 AAK 251<br />

15.2 Danisco 253<br />

15.3 Fuji Oil Holdings Inc 254<br />

15.4 IOI Group 256<br />

15.5 Wilmar International 258<br />

15.6 Cargill Inc. 260<br />

15.7 3F Industries Ltd 262<br />

15.8 Nisshin Oillio Group, Ltd 263<br />

15.9 Felda Iffco 265<br />

15.10 Manorama Group 266<br />

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13


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 1: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 36<br />

Figure 2: Production of <strong>Cocoa</strong> Beans (Thousand Tones) 37<br />

Figure 3: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 38<br />

Figure 4: <strong>Global</strong> GDP, 2011-2016 (USD Trillion) 40<br />

Figure 5: World Middle Class Population (2009&2020&2030, In billion) 40<br />

Figure 6: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018(Kilo Tonne) 42<br />

Figure 7: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne) 43<br />

Figure 8: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type, By <strong>Value</strong>, 2018 45<br />

Figure 9: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type, By <strong>Value</strong>, 2024 46<br />

Figure 10: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Palm Oil Fraction , By <strong>Value</strong>, 2014-2018 (USD Million) 48<br />

Figure 11: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Palm Oil Fraction , By <strong>Value</strong>, 2019-2024 (USD Million) 48<br />

Figure 12: Production <strong>Volume</strong> of Palm Oil Worldwide (In Million Metric Tons) 49<br />

Figure 13: List of Countries that Imported the Highest Dollar <strong>Value</strong> Worth of Palm Oil in 2017 50<br />

Figure 14: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea <strong>Butter</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 51<br />

Figure 15: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea <strong>Butter</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 51<br />

Figure 16: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Kokum <strong>Butter</strong> , By <strong>Value</strong>, 2014-2018 (USD Million) 52<br />

Figure 17: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Kokum <strong>Butter</strong> , By <strong>Value</strong>, 2019-2024 (USD Million) 52<br />

Figure 18: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By lllipe <strong>Butter</strong> Fat , By <strong>Value</strong>, 2014-2018 (USD Million) 53<br />

Figure 19: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By By lllipe <strong>Butter</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 53<br />

Figure 20: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other Specialty Fats, By <strong>Value</strong>, 2014-2018 (USD Million) 54<br />

14


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 21: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other Specialty Fats, By <strong>Value</strong>, 2019-2024 (USD Million) 54<br />

Figure 22: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type, By <strong>Value</strong>, 2018 56<br />

Figure 23: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Product Type, By <strong>Value</strong>, 2024 57<br />

Figure 24: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 59<br />

Figure 25: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea <strong>Butter</strong>, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne) 59<br />

Figure 26: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Palm Oil Fraction, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 60<br />

Figure 27:<br />

<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea Palm Oil Fraction, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo<br />

Tonne)<br />

60<br />

Figure 28: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Kokum <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 61<br />

Figure 29: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Kokum <strong>Butter</strong> , By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne) 61<br />

Figure 30: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Illipe <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 62<br />

Figure 31: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Illipe <strong>Butter</strong>, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne) 62<br />

Figure 32: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 63<br />

Figure 33:<br />

<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>, By <strong>Value</strong>, Forecast, 2019-2024 (Kilo<br />

Tonne)<br />

63<br />

Figure 34: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Type, By <strong>Value</strong>, 2018 65<br />

Figure 35: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Type, By <strong>Value</strong>, 2024 66<br />

Figure 36: <strong>Global</strong> Food and Beverages <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 67<br />

Figure 37: <strong>Global</strong> Food and Beverages <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024 67<br />

Figure 38: <strong>Global</strong> Confectionery <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 68<br />

Figure 39: <strong>Global</strong> Confectionery <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024 68<br />

Figure 40:<br />

Top ten global confectionery companies that manufacture some form of chocolate, By Net Confectionary Sales<br />

2018 (USD Million)<br />

69<br />

15


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 41: <strong>Global</strong> Other End Users <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 70<br />

Figure 42: <strong>Global</strong> Other End Users <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024 70<br />

Figure 43: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Region, By <strong>Value</strong>, By 2018 72<br />

Figure 44: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Region, By <strong>Value</strong>, 2024 72<br />

Figure 45: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Region, By <strong>Volume</strong>, 2018 73<br />

Figure 46: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size and Share, By Region, By <strong>Volume</strong>, 2024 73<br />

Figure 47: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 75<br />

Figure 48: North America GDP per capita, current prices, 2013-2023F (In USD) 76<br />

Figure 49: North America GDP per Capita, 2013-2017 (USD) 76<br />

Figure 50: North America Chocolate Confectionery Revenue (USD Billion) (2014-18) 77<br />

Figure 51: North America Average <strong>Volume</strong> Per Person in the <strong>Market</strong> of Chocolate Confectionery (in Kg) (2014-18) 77<br />

Figure 52: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million ) 78<br />

Figure 53: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 80<br />

Figure 54: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne) 81<br />

Figure 55: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 83<br />

Figure 56: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 84<br />

Figure 57: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(Kilo tonne) 86<br />

Figure 58: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (Kilo Tonne) 87<br />

Figure 59: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2014-2018(USD Million) 89<br />

Figure 60: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2019-2024 (USD Million) 90


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 61: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong> 2018 (% of Total) 92<br />

Figure 62: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong> 2024F (% of Total) 92<br />

Figure 63: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2018 (% of Total) 93<br />

Figure 64: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2024F (% of Total) 93<br />

Figure 65: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 95<br />

Figure 66: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 95<br />

Figure 67: US Disposable Consumer Income, USD Billion 96<br />

Figure 68: United States Chocolate Confectionery Revenue (USD Billion) (2014-18) 97<br />

Figure 69: United States Average <strong>Volume</strong> Per Person in the <strong>Market</strong> of Chocolate Confectionery (in Kg) (2014-18) 97<br />

Figure 70: U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 98<br />

Figure 71: U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne) 98<br />

Figure 72: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018 (USD Million) 100<br />

Figure 73: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018 (USD Million) 101<br />

Figure 74: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 103<br />

Figure 75: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 103<br />

Figure 76: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 103<br />

Figure 77: Canada Disposable Personal Income, CAD Million 104<br />

Figure 78: Chocolate <strong>Market</strong> Share in Canada in 2018, By Company 104<br />

Figure 79: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 105<br />

Figure 80: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 105


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 81: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 107<br />

Figure 82: Canada <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 108<br />

Figure 83: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 110<br />

Figure 84: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 110<br />

Figure 85: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 111<br />

Figure 86: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 111<br />

Figure 87: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 113<br />

Figure 88: Mexico <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 114<br />

Figure 89: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 116<br />

Figure 90: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 117<br />

Figure 91: Europe urban population, 2013-2016 (Millions) 118<br />

Figure 92: Europe gross disposable income of households per capita ,2013-2016 (PPS) 118<br />

Figure 93: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 119<br />

Figure 94: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne) 120<br />

Figure 95:<br />

Figure 96:<br />

EU-28 Countries Production Trend of Sugar Confectionery, Chocolate and Fine Bakery Wares (2016, Metric<br />

Ton)<br />

European Countries Total production Breakdown , By Sugar Confectionery, Chocolate and Fine Bakery<br />

Wares, 2016<br />

Figure 97: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 124<br />

Figure 98: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 125<br />

Figure 99: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Volume</strong>, 2014-2018(Kilo tonne) 127<br />

Figure 100: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (Kilo Tonne) 128<br />

121<br />

122<br />

18


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 101: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2014-2018(USD Million) 130<br />

Figure 102: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2019-2024 (USD Million) 131<br />

Figure 103: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong>, 2018(% of Total) 133<br />

Figure 104: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong>, 2024 (% of Total) 133<br />

Figure 105: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2018(% of Total) 134<br />

Figure 106: Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2024 (% of Total) 134<br />

Figure 107: U.K. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 136<br />

Figure 108: U.K. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 136<br />

Figure 109: U.K. GDP PPP (Purchasing Power Parity), USD Trillion 137<br />

Figure 110:<br />

forecast percentage change on a year earlier of real household disposable income in the United Kingdom<br />

from 2017 to 2021<br />

Figure 111: UK Gross Domestic Product, (USD Trillion) 138<br />

Figure 112: UK Urban Population, 2013-2017 (% of total) 138<br />

Figure 113: U.K. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 139<br />

Figure 114: U.K. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 139<br />

Figure 115: United Kingdom <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 141<br />

Figure 116: United Kingdom <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 142<br />

Figure 117: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 144<br />

Figure 118: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 144<br />

Figure 119: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 145<br />

Figure 120: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 145<br />

137<br />

19


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 121: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 147<br />

Figure 122: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 148<br />

Figure 123: Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 150<br />

Figure 124: Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 150<br />

Figure 125: Germany Household Disposable Income Annual Growth Rate (%) 151<br />

Figure 126: Germany Gross Domestic Product, 2013-2017 (In USD Trillion) 151<br />

Figure 127: Germany Per capita expenditure on food products, 2013-2017 (In USD) 152<br />

Figure 128: Germany Urban population, 2013-2017 (% of total population) 152<br />

Figure 129: Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 153<br />

Figure 130: Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 153<br />

Figure 131: Germany <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 155<br />

Figure 132: France <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 156<br />

Figure 133: Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 158<br />

Figure 134: Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 158<br />

Figure 135: Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 159<br />

Figure 136: Rest of Europe <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 159<br />

Figure 137: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 161<br />

Figure 138: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 162<br />

Figure 139: Asia-Pacific Gross domestic product, 2013-2017 (USD Trillion) 163<br />

Figure 140: Asia-Pacific Urban Population, 2013-2017 (% of total) 163<br />

20


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 141: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 164<br />

Figure 142: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne) 165<br />

Figure 143: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 167<br />

Figure 144: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 168<br />

Figure 145: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(Kilo tonne) 170<br />

Figure 146: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (Kilo Tonne) 171<br />

Figure 147: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2014-2018(USD Million) 173<br />

Figure 148: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2019-2024 (USD Million) 174<br />

Figure 149: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong> 2018 (% of Total) 176<br />

Figure 150: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong> 2024 (% of Total) 176<br />

Figure 151: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2018 (% of Total) 177<br />

Figure 152: Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong>, 2024 (% of Total) 177<br />

Figure 153: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018(USD Million) 179<br />

Figure 154: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 179<br />

Figure 155: China Gross domestic product, 2013-2017 (USD Trillion) 180<br />

Figure 156: China population, 2013-2017 (In Billions) 180<br />

Figure 157: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 181<br />

Figure 158: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 181<br />

Figure 159: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 183<br />

Figure 160: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 184<br />

21


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 161: China <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 186<br />

Figure 162: India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 186<br />

Figure 163: India Gross Domestic Product, 2013-2017 (USD Trillion) 187<br />

Figure 164: India Urban population, 2013-2017 (% of total population) 187<br />

Figure 165: Average Revenue Per Person in the <strong>Market</strong> for Chocolate Confectionery ( in USD) 188<br />

Figure 166: Average Revenue Per Person in the <strong>Market</strong> for Chocolate Confectionery ( in USD) 188<br />

Figure 167: India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 189<br />

Figure 168: India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 189<br />

Figure 169: India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 191<br />

Figure 170: India <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 192<br />

Figure 171: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 184<br />

Figure 172: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 184<br />

Figure 173: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 195<br />

Figure 174: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 195<br />

Figure 175: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 197<br />

Figure 176: South Korea <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 198<br />

Figure 177: Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million) 200<br />

Figure 178: Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2019-2024 (USD Million) 200<br />

Figure 179: Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018(Kilo Tonne) 201<br />

Figure 180: Rest of Asia Pacific <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 201<br />

22


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 181: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018(USD Million) 203<br />

Figure 182: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast, 2018-2024 (USD Million) 204<br />

Figure 183: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 205<br />

Figure 184: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne) 206<br />

Figure 185: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 208<br />

Figure 186: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 209<br />

Figure 187: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2014-2018(USD Million) 210<br />

Figure 188: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2019-2024 (USD Million) 211<br />

Figure 189: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(Kilo tonne) 213<br />

Figure 190: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (Kilo Tonne) 214<br />

Figure 191: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong> 2018(% of Total) 216<br />

Figure 192: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Value</strong>,2024(% of Total) 216<br />

Figure 193: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong> 2018(% of Total) 217<br />

Figure 194: Rest of World <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, Country Share, By <strong>Volume</strong> 2024(% of Total) 217<br />

Figure 195: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 219<br />

Figure 196: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 219<br />

Figure 197: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 220<br />

Figure 198: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024(Kilo Tonne) 220<br />

Figure 199: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 222<br />

Figure 200: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 223<br />

23


List of Figures<br />

Figure No. Figure Title Page No.<br />

Figure 201: Saudi Arabia <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million) 225<br />

Figure 202: Saudi Arabia <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size By <strong>Value</strong>, Forecast, 2019-2024 (USD Million) 225<br />

Figure 203: Saudi Arabia <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne) 226<br />

Figure 204: Saudi Arabia <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2019-2024 (Kilo Tonne) 226<br />

Figure 205: Saudi Arabia <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million) 228<br />

Figure 206: Brazil <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million) 229<br />

Figure 207: AAK Net Sales, 2014-2018 (USD Million) 252<br />

Figure 208: AKK Net Sales, By Business Group, 2018 (%) 252<br />

Figure 209: AKK Net Sales, By Region, 2018(%) 252<br />

Figure 210: Fuji Oil Holdings Net Sales, 2014-2018 (USD Billion) 255<br />

Figure 211: Fuji Oil Holdings Segmental Break Up, 2018 255<br />

Figure 212: Fuji Oil Holdings Geographical Break Up, 2018 255<br />

Figure 213: IOI Group Sales, 2014-2018 (USD Billion) 257<br />

Figure 214: IOI Group Production Capacity 257<br />

Figure 215: Wilmar Sales, 2012-2018, USD Billion 259<br />

Figure 216: Cargill Incorporated Sales, 2011-2018, USD Billion 261<br />

Figure 217: Cargill Incorporated Geographical Break Up, 2018 261<br />

Figure 218: Nisshin Oillio Group Sales, 2011-2018, USD Billion 264<br />

Figure 219: Nisshin Oillio Group Segmental Break Up, 2018 264<br />

24


Research Methodology<br />

For our study on <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, we have conducted comprehensive secondary<br />

research followed by an extensive primary research. In the process of secondary research, we have<br />

scrutinized industry documents, accessed from open sources, premium paid databases (Bloomberg,<br />

Thomson Reuters, Factiva) and our internal knowledge base. In the process of primary research, we<br />

have interviewed various industry experts across the value chain of the <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

industry.<br />

<strong>Market</strong> size of the actual period (2014-2018) has been evaluated on the basis of growth trends of<br />

the industry in the last five years, and confirming the findings through primary research. Annual<br />

reports of the companies are scanned to further validate the market size and to estimate the size<br />

of various other end-user sectors. <strong>Market</strong> sizing and growth in the forecast period (2019-2024) is<br />

estimated through product mapping, application in end-user industries, growth of allied sectors<br />

and historical growth pattern of the industry. All the relevant data points/ statistics in the forecast<br />

period are validated through relevant and reliable primary sources.<br />

Report Focus: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong><br />

- By Type (Shea <strong>Butter</strong> , Palm Oil Fraction, Kokum <strong>Butter</strong>, Illipe <strong>Butter</strong>, Other)<br />

-By End User ( Confectionery, Food and Beverage, Others)<br />

-By Region (North America, Europe, Asia Pacific, ROW),<br />

- By Country (U.S., Canada, Mexico, Germany, U.K., France, India, China, South Korea, Brazil, Saudi<br />

Arabia)<br />

- Company Coverage (AAK, Danisco, Fuji Oil Holdings Inc, Wilmar, IOI Group, Cargill, 3F Industries<br />

Ltd., Nisshin Oillio, Feldaiffco, Manorama Group)<br />

25


<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong><br />

North America Heart Valve Devices <strong>Market</strong>, By <strong>Value</strong><br />

High price of cocoa butter supported global market growth.<br />

Figure 1: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

2014 2015 2016 2017 2018<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

26


<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong><br />

Rapid economic development in countries such as India and China is expected to drive <strong>CBE</strong> market<br />

Figure 3: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

27


<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong><br />

North America Heart Valve Devices <strong>Market</strong>, By <strong>Value</strong><br />

Increased use of chocolates in personal care and cosmetic industries backed market growth<br />

Figure 6: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018(Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

2014 2015 2016 2017 2018<br />

Xx<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

28


<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong><br />

Rising demand for chocolate around the world is the chief driver for<br />

global cocoa butter equivalent market<br />

Figure 7: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

xx%<br />

2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

29


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Palm <strong>Market</strong>, Oil Fraction, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 10: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Palm Oil Fraction , By <strong>Value</strong>, 2014-2018 (USD Million)<br />

Figure 11: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Palm Oil Fraction , By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

30


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Shea <strong>Market</strong>, <strong>Butter</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 14: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Shea <strong>Butter</strong>, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 15: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Shea <strong>Butter</strong>, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

31


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Kokum <strong>Market</strong>, <strong>Butter</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 16: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Kokum <strong>Butter</strong> , By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 17: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Kokum <strong>Butter</strong> , By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

32


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Illipe <strong>Market</strong>, <strong>Butter</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 18: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

lllipe <strong>Butter</strong> Fat , By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 19: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

By lllipe <strong>Butter</strong>, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

33


<strong>Global</strong> <strong>Cocoa</strong> <strong>Global</strong> <strong>Butter</strong> Heart <strong>Equivalent</strong> Valve Replacement <strong>Market</strong>, By Devices <strong>Cocoa</strong> <strong>Butter</strong> <strong>Market</strong>, <strong>Equivalent</strong> By <strong>Value</strong> , By <strong>Value</strong><br />

Figure 20: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Other Specialty Fats, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 21: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Other Specialty Fats, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

34


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Shea <strong>Market</strong>, <strong>Butter</strong>, By By <strong>Value</strong> <strong>Volume</strong><br />

Figure 24: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Shea <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

Figure 25: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea<br />

<strong>Butter</strong>, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

35


<strong>Global</strong> <strong>Cocoa</strong> <strong>Global</strong> <strong>Butter</strong> Heart <strong>Equivalent</strong> Valve Replacement <strong>Market</strong>, By Palm Devices Oil <strong>Market</strong>, Fraction By <strong>Butter</strong>, <strong>Value</strong> By <strong>Volume</strong><br />

Figure 26: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Palm Oil Fraction, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 27: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Shea Palm<br />

Oil Fraction, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

36


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Kokum <strong>Market</strong>, <strong>Butter</strong>, By <strong>Value</strong> By <strong>Volume</strong><br />

Figure 28: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Kokum <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

Figure 29: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Kokum<br />

<strong>Butter</strong> , By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

37


<strong>Global</strong> <strong>Global</strong> <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Replacement <strong>Market</strong>, Devices By Illipe <strong>Market</strong>, <strong>Butter</strong> By , <strong>Value</strong> By <strong>Volume</strong><br />

Figure 30: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By<br />

Illipe <strong>Butter</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 31: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Illipe<br />

<strong>Butter</strong>, By <strong>Volume</strong>, Forecast,2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

38


<strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>,<br />

<strong>Global</strong> Heart Valve Replacement Devices <strong>Market</strong>, By <strong>Value</strong><br />

By <strong>Volume</strong><br />

Figure 32: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other<br />

<strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 33: <strong>Global</strong> <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Other<br />

<strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong>, By <strong>Value</strong>, Forecast, 2019-2024<br />

CAGR<br />

(Kilo<br />

2019-2024<br />

Tonne)<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

39


<strong>Global</strong> <strong>Global</strong> Food and Heart Beverages Valve Replacement <strong>Cocoa</strong> <strong>Butter</strong> Devices <strong>Equivalent</strong> <strong>Market</strong>, <strong>Market</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 36: <strong>Global</strong> Food and Beverages <strong>Cocoa</strong> <strong>Butter</strong><br />

<strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

Figure 37: <strong>Global</strong> Food and Beverages <strong>Cocoa</strong> <strong>Butter</strong><br />

<strong>Equivalent</strong> <strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024<br />

CAGR 2014-2018<br />

xx%<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

40


<strong>Global</strong> <strong>Global</strong> Confectionery Heart Valve Replacement <strong>Cocoa</strong> <strong>Butter</strong> Devices <strong>Equivalent</strong> <strong>Market</strong>, <strong>Market</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 38: <strong>Global</strong> Confectionery <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

<strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

Figure 39: <strong>Global</strong> Confectionery <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

<strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024<br />

CAGR 2014-2018<br />

xx%<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

41


<strong>Global</strong> <strong>Global</strong> Other Heart End Valve Users Replacement <strong>Cocoa</strong> <strong>Butter</strong> Devices <strong>Equivalent</strong> <strong>Market</strong>, <strong>Market</strong>, By <strong>Value</strong> By <strong>Value</strong><br />

Figure 41: <strong>Global</strong> Other End Users <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

<strong>Market</strong>, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 42: <strong>Global</strong> Other End Users <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

<strong>Market</strong>, By <strong>Value</strong>, Forecast,2019-2024<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

42


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Overview<br />

High demand for cheaper alternatives for cocoa butter in confectioneries backed growth of North American<br />

<strong>Market</strong><br />

Figure 47: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

2014 2015 2016 2017 2018<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

43


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Overview<br />

Strict regulations regarding use of cocoa butter equivalent is anticipated to restrain growth in<br />

the regional market<br />

Figure 52: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong> Size, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million )<br />

CAGR 2019-2024<br />

xx%<br />

2019 2020 Source: 2021 Azoth Analytics Estimates 2022 2023 2024<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

44


North North America America <strong>Cocoa</strong> Heart <strong>Butter</strong> Valve <strong>Equivalent</strong> Devices <strong>Market</strong>, By By <strong>Value</strong> <strong>Volume</strong><br />

Low cost and increased use of <strong>CBE</strong> in cosmetics and personal care industry supported<br />

regional growth<br />

Figure 53: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, 2014-2018 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

2014 2015 2016 2017 2018<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

45


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong><br />

Rise in disposable consumer income are expected to propel growth in North American <strong>CBE</strong> market<br />

Figure 54: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>, Forecast, 2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

xx%<br />

2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

46


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong><br />

Figure 55: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(USD Million)<br />

CAGR 2014-2018<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx<br />

Others xx xx xx xx xx<br />

47


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong><br />

Figure 56: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> xx xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx xx<br />

Others xx xx xx xx xx xx<br />

48


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Volume</strong><br />

Figure 57: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018(Kilo tonne)<br />

CAGR 2014-2018<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx<br />

Others xx xx xx xx xx<br />

49


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Volume</strong><br />

Figure 58: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> xx xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx xx<br />

Others xx xx xx xx xx xx<br />

50


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By End Users, By <strong>Value</strong><br />

Figure 59: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2014-2018(USD Million)<br />

CAGR 2014-2018<br />

Confectionery: xx%, Food and Beverages: xx%, Others: xx%<br />

2014 2015 2016 2017 2018<br />

Confectionery Food and Beverages Others<br />

Source: Azoth Analytics Estimates<br />

2014 2015 2016 2017 2018<br />

Confectionery xx xx xx xx xx<br />

Food and Beverages xx xx xx xx xx<br />

Others xx xx xx xx xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

51


North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By End Users, By <strong>Value</strong><br />

Figure 60: North America <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By End Users, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

Confectionery: xx%, Food and Beverages: xx%, Others: xx%<br />

2019 2020 2021 2022 2023 2024<br />

Confectionery Food and Beverages Others<br />

Source: Azoth Analytics Estimates<br />

2019 2020 2021 2022 2023 2024<br />

Confectionery xx xx xx xx xx xx<br />

Food and Beverages xx xx xx xx xx xx<br />

Others xx xx xx xx xx xx<br />

52


U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong><br />

Figure 65: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong><br />

<strong>Market</strong> Size, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 66: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong><br />

Size, By <strong>Value</strong>, Forecast, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

• .<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

53


U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong><br />

Figure 70: U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>,<br />

2014-2018 (Kilo Tonne)<br />

CAGR 2014-2018<br />

xx%<br />

Figure 71: U.S. <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By <strong>Volume</strong>,<br />

Forecast,2019-2024 (Kilo Tonne)<br />

CAGR 2019-2024<br />

xx%<br />

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024<br />

Xx<br />

Source: Azoth Analytics Estimates<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

Xx<br />

54


United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong><br />

Figure 72: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2014-2018 (USD Million)<br />

CAGR 2014-2018<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2014 2015 2016 2017 2018<br />

Shea <strong>Butter</strong> xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx<br />

Others xx xx xx xx xx<br />

55


United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>, By Product Type, By <strong>Value</strong><br />

Figure 73: United States <strong>Cocoa</strong> <strong>Butter</strong> <strong>Equivalent</strong> <strong>Market</strong>: By Product Type, By <strong>Value</strong>, 2019-2024 (USD Million)<br />

CAGR 2019-2024<br />

Shea <strong>Butter</strong>: xx%, Palm Oil Fraction: xx% Kokum <strong>Butter</strong>: xx%, Illipe <strong>Butter</strong>: xx%,<br />

Others: xx%<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> Palm Oil Fraction Kokum <strong>Butter</strong> Illipe <strong>Butter</strong> Others<br />

Source: Azoth Analytics Estimates<br />

2019 2020 2021 2022 2023 2024<br />

Shea <strong>Butter</strong> xx xx xx xx xx xx<br />

Palm Oil Fraction xx xx xx xx xx xx<br />

Kokum <strong>Butter</strong> xx xx xx xx xx xx<br />

Illipe <strong>Butter</strong> xx xx xx xx xx xx<br />

Others xx xx xx xx xx xx<br />

56

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