Brazil Cocoa Butter Market Current Opportunity 2021-2025 [ 2023 UPDATE Available – Forecast 2023-2030*]

The cocoa butter market in Brazil is experiencing significant growth, primarily fueled by the rising demand from the cosmetic industry. Cocoa butter, extracted from cocoa beans, has long been known for its delightful taste and is widely used in the production of chocolates and confectionery items. However, its exceptional medicinal properties and antioxidant-rich nature have propelled its popularity in recent years, especially in the cosmetic sector.


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Cocoa butter contains polyphenols, which are powerful antioxidants found in plant foods. It is rich in expanded unsaturated fats such as stearic acid, palmitic acid, and lauric acid. Various qualities of cocoa butter, including press cocoa butter, expeller cocoa butter, and refined cocoa butter, are available in the market. Typically, 100 g of cocoa beans produce 40 g of cocoa butter, 40 g of cocoa powder, and 20 g of waste material.

Cosmetic companies have shown keen interest in cocoa butter due to its beneficial properties. Cocoa butter has become a key ingredient in skincare products, serving as a texturizing agent. Lip sparkles, body butter, and lotions extensively utilize cocoa butter to enhance their outcomes. In line with this trend, cosmetic manufacturers are continuously introducing new skincare products that incorporate cocoa butter. For example, in 2018, American Dream, a beauty brand, expanded its Cocoa Butter range with the introduction of Lavender and Lemon variants. This increasing utilization of cocoa butter in cosmetics is expected to drive market demand in the near future.

Despite the positive growth prospects, the cocoa butter market may face some challenges during the forecast period. Processed food manufacturers are increasingly focusing on producing low-fat, low-sugar, and low-carb products, which could limit the use of cocoa butter in the food industry. Regulatory bodies are also imposing restrictions on the use of trans fats in food products. For instance, the Saudi Food & Drug Authority (SFDA) implemented a ban on the use of trans fats in food products in 2020, contributing to the demand for cleaner labels. This trend may hinder the growth of the cocoa butter market.

To address these concerns, industry players are introducing innovative solutions. In late 2019, Bunge Loaders Croklaan launched Couva 806 NH, a clean label cocoa butter replacer specifically developed for the confectionery industry. This product boasts a low trans-fat level (<1%) and is non-hydrogenated, non-tempering, and low in saturated fat. Additionally, companies are expanding their production facilities and lowering the prices of cocoa butter, which is anticipated to encourage confectioners in Brazil to develop new products.

While Europe remains one of the largest consumers of cocoa butter globally, the Asia Pacific region is expected to exhibit the highest growth rate during the forecast period. The region's increasing demand for bakery and confectionery products, coupled with the establishment and expansion of production facilities by key processors, has led to a drop in cocoa butter prices. This development is likely to stimulate confectioners in Brazil to explore new product opportunities and drive the demand for cocoa butter.

Leading players in the global cocoa butter market include Cargill Inc., Natra S.A., Barry Callebaut AG, Bolmay Cocoa, SunOpta, Inc., Shirin Asal Food Industrial Group PJSC, Olam International Ltd, ECOM Agroindustrial Corporation, JB Foods Ltd, and United Cocoa Processor, Inc, among others. These manufacturers are continuously expanding their product portfolios by introducing advanced options with enhanced properties to cater to the evolving consumer preferences.

With the launch of innovative products and the rising demand from the cosmetic industry, the cocoa butter market in Brazil is expected to witness significant growth in the coming years.

 

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