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NOIDA, India, Oct. 10, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Cocoa Butter Market was valued at more than USD 2.3 million in 2020 and is expected to grow at a CAGR of around 8% from 2021-2027. The analysis has been segmented into Type (Natural, Deodorized, Semi-Deodorized); Form (Blocks, Powder, Liquid); End-user (Food and Beverage Industry, Pharmaceuticals, Personal Care and Cosmetics, Others); Distribution Channel (Retail Stores , Supermarkets/Hypermarkets, E-Commerce, Others); Region/Country.
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https://univdatos.com/report/cocoa-butter-market/
The Cocoa Butter market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Cocoa Butter market. The Cocoa Butter market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Cocoa Butter market at the global and regional levels.
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Market Overview
The surging consumption of chocolates across countries is one of the prominent reasons driving the demand for cocoa butter. The global chocolate consumption was estimated at 8 million tons in 2021 and the global per capita chocolate consumption stands at 0.9 kg per year. Chocolates are made from cocoa beans which are roasted and processed. According to National Confectioners Association, approximately 800 cocoa beans are needed to make one kilogram of chocolate. Each cocoa tree produces about 2,500 beans in a year.
Demand for chocolate is driving deforestation in the Ivory Coastwhich produces more than 30% of the world’s cocoa, and around 90% of the country’s forests have been destroyed since 1960. Chocolate consumption has been scientifically linked to a longer life. A few pieces of chocolate every month may make your life both sweeter and longer, according to the Harvard School of Public Health. A survey of healthy 65-year-old men revealed that those who ate sweets containing chocolate reportedly lived longer. Mortality was lowest among those consuming chocolate 1-3 times a month and higher among those who indulged in the habit 3 or more times a week. Surprisingly, non-consumers had the highest mortality of all. As with most things in life, moderation seems to be paramount.
COVID-19 Impact
COVID-19 first began in China in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, Francethe UK, Turkey, Italyand Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry are one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic .The shutdown of various…
Full story available on Benzinga.com
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