GLOBAL COCOA BUTTER CONSUMPTION MARKET FORECAST TO REACH $3.1 BILLION BY 2026
Increasing Usage of Nutritional Supplements and Increasing Consumer Inclination Towards Healthy Diets Are Likely to Aid the Market Growth of the Global Cocoa Butter Market Report. The Global Cocoa Butter Market Consumption size is forecast to reach $3.1 billion by 2026, growing at a CAGR of 5.9% during the forecast period 2021-2026. Cocoa Butter is known as theobroma oil is a pale yellow, edible fat extracted from the cocoa beans and is used to make chocolates. It has a cocoa aroma and flavor. Cocoa butter contains traces of caffeine and theobromine. It consists of various fatty acids such as arachidic acid, myristic acid, lauric acid, and palmitic chocolate. It serves as a major ingredients in making confectionery products and chocolates. Increasing number of vegan consumers and increasing consumer preference for convenience foods is the major factor driving the growth of the market. Increasing awareness regarding the nutritional & therapeutic benefits of cocoa b...