Cocoa Butter Substitutes (CBS) Market Set for Robust Growth as Demand for Affordable, High-Quality Alternatives Increases https://dataintelo.com/report/cocoa-butter-substitutes-cbs-market The Cocoa Butter Substitutes CBS Market is witnessing substantial growth, projected to reach a market value of USD 5.2 billion by 2031, with a steady compound annual growth rate (CAGR) of 7.1% during the forecast period from 2024 to 2031. The market’s expansion is primarily driven by the growing demand for cost-effective alternatives to cocoa butter, along with the increasing use of these substitutes in the production of chocolates, confectioneries, and other food products. With rising production costs and the growing awareness of the benefits of cocoa butter substitutes, the food and beverage industry is embracing these alternatives to meet consumer demand for high-quality, affordable, and versatile ingredients. The demand for CBS is also being supported by a surge in consumer preferences for plant-based and vegan products.