A report on 'Cocoa Butter Equivalent (CBE) Market' has recently been added into the market research report database of Kenneth Research, which provides a full assessment to its readers on the growth prospects of the market, along with the potential business opportunities in the industry. The study, which focuses on the latest trends, business dynamics, growth opportunities and drivers that are influencing the market growth, also includes the market size and the compounded average growth rate (CAGR) for the forecast period 2022 and 2031. The report on Cocoa Butter Equivalent (CBE) Market also includes comprehensive analysis on both the macro- and micro-environmental factors that may influence the market growth during the forecast period. Additionally, analytical tools such as PESTEL analysis and Porter's five forces analysis are used to calculate and compile the factors that are acting as the driving force for the growth of the market.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cocoa Butter Equivalent (CBE) Market products.

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On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

According to Azoth Analytics research report“Global Cocoa Butter Equivalent (CBE) Market (Volume, Value) – Analysis By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter), End-User ( Confectionary, Food and Beverage, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Mexico, United Kingdom, Germany, France, India, China, South Korea, Saudi Arabia, Brazil)”, global market is projected to display a robust growth represented by a CAGR of 8.00% during 2019 – 2024.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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The product segment of Palm Oil Fraction has been witnessing growth at a noteworthy rate over the past few years backed by low prices, easy availability and increased used in cosmetics industry. Amongst the regions, Europe accounts for the largest regional share in the global cocoa butter equivalent market in 2018. Key factors driving the robust growth rate of Europe region include presence of branded confectionery manufacturers along with increasing consumption of chocolate in the region.

The report titled“Global Cocoa Butter Equivalent (CBE) Market (Volume, Value) – Analysis By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter), End-User ( Confectionary, Food and Beverage, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Mexico, United Kingdom, Germany, France, India, China, South Korea, Saudi Arabia, Brazil)” has covered and analyzed the potential of Global Cocoa Butter Equivalent and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global respiratory care devices market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of the Report

Global Cocoa Butter Equivalent Market (Actual Period: 2014-2018, Forecast Period: 2019-2024
• Global Cocoa Butter Equivalent Market – Size, Growth, Forecast
• By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter and Others)
• By End User (Confectionery, Food and Beverages, Others)

Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Regional Cocoa Butter Equivalent Market – Size, Growth, Forecast
• By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter and Others)
• By End User (Confectionery, Food and Beverages, Others)

Country Analysis – U.S., Canada, Germany, United Kingdom, India, China, Saudi Arabia, Brazil (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Cocoa Butter Equivalent Market – Size, Growth, Forecast
• By Product Type (Shea Butter, Palm Oil Fraction, Kokum Butter, Illipe Butter and Others)

Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Policy and Regulatory Landscape
• Competitive Landscape
• Company Analysis – AAK, Danisco, Fuji Oil Holdings Inc, IOI Group, Cargill., 3F Industries Ltd., Nisshin Oillio Feldaiffco, Manorma Group

Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

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