TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY TYPE 17
1.1.2 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, SOURCE 18
1.1.3 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, APPLICATION 19
1.1.4 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 22
2.3 RESEARCH OBJECTIVE 22
2.4 MARKET STRUCTURE 22
2.5 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 26
3.5 FORECAST MODEL 28
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET DYNAMICS 30
4.1 INTRODUCTION 30
4.2 DRIVERS 31
4.2.1 DECLINING PRODUCTION OF COCOA BEANS 31
4.2.2 INCREASING PRICE OF COCOA BUTTER 31
4.2.3 POTENTIAL DEMAND OF CHOCOLATE FROM VARIOUS INDUSTRIES 31
4.3 RESTRAINTS 32
4.3.1 REGULATORY FRAMEWORK 32
4.4 OPPORTUNITIES 33
4.4.1 INCREASING RESEARCH & DEVELOPMENT 33
4.4.2 STRONG PERFORMANCE OF THE RETAIL CHANNELS 33
4.5 CHALLENGE 33
4.5.1 RHEOLOGICAL STABILITY 33
5 MARKET FACTOR ANALYSIS 34
5.1 VALUE CHAIN ANALYSIS 34
5.1.1 RAW MATERIAL PROCUREMENT 35
5.1.2 PROCESSING 35
5.1.3 PACKAGING 35
5.2 SUPPLY CHAIN ANALYSIS 35
5.3 PORTER’S FIVE FORCES MODEL 37
5.3.1 THREAT OF NEW ENTRANTS 37
5.3.2 BARGAINING POWER OF SUPPLIERS 38
5.3.3 BARGAINING POWER OF BUYERS 38
5.3.4 THREAT OF SUBSTITUTES 38
5.3.5 INTENSITY OF RIVALRY 38
5.4 REGULATORY LANDSCAPE 39
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL COCOA BUTTER ALTERNATIVES MARKET 40
6.1.1 IMPACT ON PRODUCTION 40
6.1.2 IMPACT ON SUPPLY CHAIN 40
6.1.3 IMPACT ON PRICING 40
6.1.4 IMPACT ON END-USE APPLICATION AREAS 40
7 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY TYPE 41
7.1 OVERVIEW 41
7.1.1 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY TYPE, 2025–2034 42
7.2 COCOA BUTTER EQUIVALENTS 42
7.2.1 COCOA BUTTER EQUIVALENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 42
7.3 COCOA BUTTER REPLACERS 43
7.3.1 COCOA BUTTER REPLACERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 43
7.4 COCOA BUTTER SUBSTITUTES 43
7.4.1 COCOA BUTTER SUBSTITUTES: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 44
8 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE 45
8.1 OVERVIEW 45
8.1.1 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY SOURCE, 2025–2034 46
8.2 SHEA 46
8.2.1 SHEA: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 46
8.3 SAL, KOKUM & MANGO KERNEL 47
8.3.1 SAL, KOKUM & MANGO KERNEL: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 47
8.4 ILLIPE & PALM KERNEL STEARIN 47
8.4.1 ILLIPE & PALM KERNEL STEARIN: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 48
8.5 OTHERS 48
8.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 49
9 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION 50
9.1 OVERVIEW 50
9.1.1 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2025–2034 51
9.2 BAKERY & CONFECTIONERY 51
9.2.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 51
9.3 DAIRY & FROZEN DESSERTS 52
9.3.1 DAIRY & FROZEN DESSERTS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 52
9.4 SWEET & SAVORY SNACKS 52
9.4.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 53
9.5 DIPS, SAUCES, & DRESSINGS 53
9.5.1 DIPS, SAUCES, & DRESSINGS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 53
9.6 OTHERS 54
9.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 54
10 GLOBAL COCOA BUTTER ALTERNATIVES MARKET, BY REGION 55
10.1 OVERVIEW 55
10.2 NORTH AMERICA 57
10.2.1 US 59
10.2.2 CANADA 60
10.2.3 MEXICO 61
10.3 EUROPE 63
10.3.1 GERMANY 65
10.3.2 UK 66
10.3.3 FRANCE 68
10.3.4 ITALY 69
10.3.5 SPAIN 70
10.3.6 RUSSIA 71
10.3.7 REST OF EUROPE 72
10.4 ASIA-PACIFIC 74
10.4.1 CHINA 76
10.4.2 JAPAN 77
10.4.3 INDIA 78
10.4.4 MALAYSIA 80
10.4.5 REST OF ASIA-PACIFIC 81
10.5 REST OF THE WORLD 83
10.5.1 SOUTH AMERICA 85
10.5.2 MIDDLE EAST 86
10.5.3 AFRICA 88
11 COMPETITIVE LANDSCAPE 90
11.1 INTRODUCTION 90
11.2 COMPETITIVE BENCHMARKING 91
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 92
12 COMPANY PROFILES 94
12.1 THE NISSHIN OILLIO GROUP, LTD 94
12.1.1 COMPANY OVERVIEW 94
12.1.2 FINANCIAL OVERVIEW 95
12.1.3 PRODUCTS OFFERED 95
12.1.4 SWOT ANALYSIS 96
12.1.5 KEY DEVELOPMENTS 96
12.1.6 KEY STRATEGIES 96
12.2 FUJI OIL HOLDINGS INC. 97
12.2.1 COMPANY OVERVIEW 97
12.2.2 FINANCIAL OVERVIEW 98
12.2.3 PRODUCTS OFFERED 98
12.2.4 KEY DEVELOPMENTS 99
12.2.5 SWOT ANALYSIS 99
12.2.6 KEY STRATEGIES 100
12.3 CARGILL, INCORPORATED 101
12.3.1 COMPANY OVERVIEW 101
12.3.2 FINANCIAL OVERVIEW 101
12.3.3 PRODUCTS OFFERED 102
12.3.4 KEY DEVELOPMENTS 102
12.3.5 SWOT ANALYSIS 102
12.3.6 KEY STRATEGIES 102
12.4 BUNGE LIMITED 103
12.4.1 COMPANY OVERVIEW 103
12.4.2 FINANCIAL OVERVIEW 104
12.4.3 PRODUCTS OFFERED 104
12.4.4 KEY DEVELOPMENTS 105
12.4.5 SWOT ANALYSIS 105
12.4.6 KEY STRATEGIES 105
12.5 WILMAR INTERNATIONAL LIMITED 106
12.5.1 COMPANY OVERVIEW 106
12.5.2 FINANCIAL OVERVIEW 106
12.5.3 PRODUCTS OFFERED 107
12.5.4 KEY DEVELOPMENTS 107
12.5.5 SWOT ANALYSIS 108
12.5.6 KEY STRATEGIES 108
12.6 AAK AB 109
12.6.1 COMPANY OVERVIEW 109
12.6.2 FINANCIAL OVERVIEW 110
12.6.3 PRODUCTS OFFERED 110
12.6.4 KEY DEVELOPMENTS 111
12.6.5 SWOT ANALYSIS 111
12.6.6 KEY STRATEGIES 111
12.7 3F INDUSTRIES LIMITED 112
12.7.1 COMPANY OVERVIEW 112
12.7.2 FINANCIAL OVERVIEW 112
12.7.3 PRODUCTS OFFERED 112
12.7.4 KEY DEVELOPMENTS 112
12.7.5 SWOT ANALYSIS 113
12.7.6 KEY STRATEGIES 113
12.8 FELDA IFFCO SDN. BHD. 114
12.8.1 COMPANY OVERVIEW 114
12.8.2 FINANCIAL OVERVIEW 114
12.8.3 PRODUCTS OFFERED 114
12.8.4 KEY DEVELOPMENTS 114
12.8.5 SWOT ANALYSIS 115
12.8.6 KEY STRATEGIES 115
12.9 THE MEWAH GROUP 116
12.9.1 COMPANY OVERVIEW 116
12.9.2 FINANCIAL OVERVIEW 116
12.9.3 PRODUCTS OFFERED 117
12.9.4 KEY DEVELOPMENTS 117
12.9.5 SWOT ANALYSIS 117
12.9.6 KEY STRATEGIES 117
12.10 MUSIM MAS 118
12.10.1 COMPANY OVERVIEW 118
12.10.2 FINANCIAL OVERVIEW 118
12.10.3 PRODUCTS OFFERED 118
12.10.4 KEY DEVELOPMENTS 118
12.10.5 SWOT ANALYSIS 119
12.10.6 KEY STRATEGIES 119
13 REFERENCES 120
LIST OF TABLES
TABLE 1 CLASSIFICATION OF COCOA BUTTER ALTERNATIVES 21
TABLE 2 PRIMARY INTERVIEWS 25
TABLE 3 LIST OF ASSUMPTIONS & LIMITATIONS 29
TABLE 4 PROCESSING OF COCOA BUTTER ALTERNATIVES 35
TABLE 5 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY TYPE, 2025–2034 (USD MILLION) 42
TABLE 6 COCOA BUTTER EQUIVALENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 42
TABLE 7 COCOA BUTTER REPLACERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 43
TABLE 8 COCOA BUTTER SUBSTITUTES: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 44
TABLE 9 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY SOURCE, 2025–2034 (USD MILLION) 46
TABLE 10 SHEA: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 46
TABLE 11 SAL, KOKUM & MANGO KERNEL: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 47
TABLE 12 ILLIPE & PALM KERNEL STEARIN: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 48
TABLE 13 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 49
TABLE 14 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2025–2034 (USD MILLION) 51
TABLE 15 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 51
TABLE 16 DAIRY & FROZEN DESSERTS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 52
TABLE 17 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 53
TABLE 18 DIPS, SAUCES, & DRESSINGS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 53
TABLE 19 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 54
TABLE 20 GLOBAL COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY REGION, 2025–2034 (USD MILLION) 56
TABLE 21 NORTH AMERICA: COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2025–2034 (USD MILLION) 57
TABLE 22 NORTH AMERICA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 58
TABLE 23 NORTH AMERICA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (KT) 58
TABLE 24 NORTH AMERICA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 58
TABLE 25 NORTH AMERICA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 59
TABLE 26 US: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 59
TABLE 27 US: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 59
TABLE 28 US: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 60
TABLE 29 CANADA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 60
TABLE 30 CANADA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 61
TABLE 31 CANADA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 61
TABLE 32 MEXICO: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 61
TABLE 33 MEXICO: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 62
TABLE 34 MEXICO: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 62
TABLE 35 EUROPE: COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2025–2034 (USD MILLION) 63
TABLE 36 EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 64
TABLE 37 EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (KT) 64
TABLE 38 EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 64
TABLE 39 EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 65
TABLE 40 GERMANY: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 65
TABLE 41 GERMANY: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 66
TABLE 42 GERMANY: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 66
TABLE 43 UK: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 66
TABLE 44 UK: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 67
TABLE 45 UK: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 67
TABLE 46 FRANCE: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 68
TABLE 47 FRANCE: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 68
TABLE 48 FRANCE: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 68
TABLE 49 ITALY: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 69
TABLE 50 ITLAY: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 69
TABLE 51 ITALY: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 70
TABLE 52 SPAIN: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 70
TABLE 53 SPAIN: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 70
TABLE 54 SPAIN: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 71
TABLE 55 RUSSIA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 71
TABLE 56 RUSSIA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 72
TABLE 57 RUSSIA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 72
TABLE 58 REST OF EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 72
TABLE 59 REST OF EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 73
TABLE 60 REST OF EUROPE: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 73
TABLE 61 ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2025–2034 (USD MILLION) 74
TABLE 62 ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 75
TABLE 63 ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (KT) 75
TABLE 64 ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 75
TABLE 65 ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 76
TABLE 66 CHINA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 76
TABLE 67 CHINA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 76
TABLE 68 CHINA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 77
TABLE 69 JAPAN: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 77
TABLE 70 JAPAN: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 78
TABLE 71 JAPAN: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 78
TABLE 72 INDIA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 78
TABLE 73 INDIA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 79
TABLE 74 INDIA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 79
TABLE 75 MALAYSIA: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 80
TABLE 76 MALAYSIA: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 80
TABLE 77 MALAYSIA: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 80
TABLE 78 REST OF ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY TYPE, 2025–2034 (USD MILLION) 81
TABLE 79 REST OF ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY SOURCE, 2025–2034 (USD MILLION) 81
TABLE 80 REST OF ASIA-PACIFIC: COCOA BUTTER ALTERNATIVES MARKET, BY APPLICATION, 2025–2034 (USD MILLION) 82
TABLE 81 REST OF THE WORLD: COCOA BUTTER ALTERNATIVES MARKET ESTIMATES & FORECAST, BY REGION, 2025&ndas
