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Cocoa Butter Equivalent (CBE) Market

Cocoa Butter Equivalent (CBE) Market: Information by Type (Palm Oil, Shea Butter, Sal Fat), Application (Food & Beverages, Pharmaceutical & Others)—Forecast Till 2026

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Market Overview

Cocoa butter equivalent (CBE) is one of the major substitutes to cocoa butter for manufacturing chocolate and confectionary products. Additionally, CBE offers temperature stability and texture to the chocolate. Chocolate and confectionery industry is one of the leading consumers of CBE. According to cocoa organization, approximately, over 4,100 chocolate manufacturers are present across the globe. Cocoa butter equivalent is majorly used in dark and white chocolate manufacturing and their increased sale is boosting the demand for CBE further.   For instance, the sale of dark chocolate and milk chocolate increased by 9% and 6% respectively in 2018. Moreover, rising global population is driving the growth of the food industry. For instance, according to the USA facts, in 2017 U.S. population accounts at approximately 325.7 million. Similarly, according to Office for National Statistics, approximately 66 million was the population count of U.K in 2017.

Global Cocoa Butter Equivalent (CBE) Market was valued at USD 605 million in 2018, growing at a significant CAGR during the forecast period of 2019–2026.

Market Snapshot

market snapshot
Base Year
: 2017
Study Period
: 2016–2026
: 3.31 %
Fastest Growing Market
: North America
Largest Market
: Europe
Market Size
: USD 605 million in 2018
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Segmental Analysis

For a better understanding of the global cocoa butter equivalent (CBE) market, we have segmented the market by type, and application.

By application, the market is segmented into food & beverages, pharmaceutical & others. Food and beverages segment is accounting for the major share of 94.1% of the market. Chocolate and confectionery industry is one of the leading consumers of CBE. According to cocoa organization, approximately, over 4,100 chocolate manufacturers are present across the globe. Based on type the market is segmented into palm oil, shea butter, sal fat, and others. Palm oil is the largest revenue generator in the forecast period. It is majorly used in food and cosmetic applications and 90% of which is used in cooking, also used in manufacturing cocoa butter equivalent.

Regional Analysis

Global Cocoa Butter Equivalent (CBE) market by Americas, Asia Pacific, Europe, and the Middle East and Africa.

North America consumes relatively low volume of the cocoa butter equivalent (CBE) due to stringent government regulations and presence of strict regulatory bodies such as Food and Drug Administration (FDA). FDA has prohibited the use of inter-esterified vegetable oils and fats in any product. Thus, the U.S. holds the least share of the CBE market even though it has huge demand for chocolate. However, some manufacturers in the region are using CBE for manufacturing coating and filling of chocolate bars. For instance, over 400 chocolate manufacturers are present in the region, which produce more than 90% of chocolate in the U.S. Apart from the above-mentioned factors, North America has huge health conscious population and most of them prefer cocoa butter instead cocoa butter equivalent due to high nutritional value of cocoa butter. In addition, increasing use of shea butter in the pharmaceutical industry due to its medicinal properties such as emollient, anti-inflammatory, emollient is contributing to the CBE market growth.

Europe is dominating the cocoa butter equivalent (CBE) market. Europe is the largest consumer of CBE due to presence of the largest chocolate consumer base and allowed use of CBE in chocolate formulation up to 5% by weight. In most of the European countries, food industry is considerably developed, which can easily adopt newly introduced products such as CBE. Countries such as Switzerland, Germany, Russia, and the U.K are the major importers of cocoa butter as well as CBE and have the highest per capita chocolate consumption in the region, which contributes to the increasing demand for CBE further. Moreover, fluctuating prices of key raw materials such as cocoa butter is driving the demand for CBE to control the rising cost of chocolate production as CBE is cheap and easily available.

Cocoa Butter Equivalent (CBE) Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Cocoa Butter Equivalent (CBE) Market

Some of the prominent players in the market are

  1. AAK AB
  2. Fuji Oil Holdings Inc.
  3. Wilmar International Ltd
  4. 3F Industries Limited
  5. Felda Iffco LLC
  6. Manorama Industries Limited
  7. Bunge Limited
  8. ADM (Archer Daniels Midland)
  9. Makendi Worldwide

Report Scope

Report Metric Details
CAGR 3.31%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Type
    1. Palm Oil
    2. Shea Butter
    3. Sal Fat
    4. Others
  2. By Application
    1. Food & Beverages
    2. Pharmaceutical & Others
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa

Cocoa Butter Equivalent (CBE) Market Segmentation

By Type

  • Palm Oil
  • Shea Butter
  • Sal Fat
  • Others

By Application

  • Food & Beverages
  • Pharmaceutical & Others

By Regions


  • North America
    • U.S.
    • Canada
    • Mexico
  • South America


  • Western Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Eastern Europe


  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Middle East

  • Saudi Arabia
  • UAE
  • Qatar
  • Rest of The Middle East


  • South Africa
  • Ghana
  • Nigeria

Frequently Asked Questions (FAQs)

What is the growth rate for the Cocoa Butter Equivalent (CBE) Market?
Cocoa Butter Equivalent (CBE) Market size will grow at approx. CAGR of 3.31% during the forecast period.
Some of the top industry players in Cocoa Butter Equivalent (CBE) Market are, AAK AB, Fuji Oil Holdings Inc., Wilmar International Ltd, 3F Industries Limited, Felda Iffco LLC, Manorama Industries Limited, Bunge Limited, ADM (Archer Daniels Midland), Makendi Worldwide, etc.
In the Cocoa Butter Equivalent (CBE) Market, Europe has established itself as the market leader with a significant market share.
The North America region has experienced the highest growth rate in the Cocoa Butter Equivalent (CBE) Market.
The global Cocoa Butter Equivalent (CBE) Market report is segmented as follows: By Type, By Application
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