- Strong promotional initiatives will find place in overall growth strategy of market players
- Increase in demand for vegan food items and herbal cosmetics products will drive demand for cupuacu butter over the forecast period
- It is anticipated that players in the market would gain from launching organic food offerings
ALBANY, N.Y., Aug. 12, 2020 /PRNewswire/ -- From about USD 34 million in the year 2020, global cupuacu butter market valuation would grow to approximately USD 62 million by 2030. And, it is pertinent to note here that the market would grow at compound annual growth rate (CAGR) of about 6.3% from 2020 to 2030.
As per Transparency Market Research, "A host of trends and drivers are impacting growth in the global cupuacu butter market in a positive way. One of the notable factors of growth is varied application of the butter in cosmetics and personal care products. Additionally, it is also significantly used in food processing industry."
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Key Findings of Global Cupuacu Butter Market Study:
- High demand from cosmetic and personal care industry will be noted in the global cupuacu butter market
- Veganism would be a notable trend, driving the demand for the butter forward over the forecast period
- Increase in demand for bioactive ingredients will fuel growth in the market
- North America is set to dominate the regional charts of global cupuacu butter market
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Key Drivers of Growth in Global Cupuacu Butter Market:
A number of trends and drivers are keeping the global cupuacu butter market on an upward growth trajectory over the forecast period. Transparency Market Research has enumerated these growth factors in its market report. A glimpse into the same is provided below:
- Herbal cosmetics are witnessing increase in demand owing to perceived health and wellness benefits
- The growing trend of veganism is catching up across the world and this is paving way for growth in demand in the market
- Portfolio diversification is being noted in the market and that diversification is set to drive demand
- Growing awareness regarding health benefits of cupuacu is driving the market on an upward growth trajectory
- Increasing focus on appearance is leading to higher demand for personal and cosmetics products, leading to increase in demand for safe and effective herbal ingredients
- It is used in production of a range of sweet products (vegan) such as puddings, mousses, juices, candies, and ice creams
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Regional Analysis of Global Cupuacu Butter Market:
- North America will hold a massive share of the global cupuacu butter market over the forecast period in terms of value
- Europe will maintain second largest share in the market over the period
- Asia Pacific region excluding Japan (APEJ) will follow Europe in terms of market share
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Competitive Landscape of Global Cupuacu Butter Market:
Key global cupuacu butter market players are Beraca Ingredientes Naturais SA., Hallstar, Henry Lamotte Oils GmbH, Jarchem Industries Inc., Butters.Si, BIOBRAZIL BOTANICALS, Shieling Laboratories, Leith Sourcing, LLC, and Amanaci Ingredients UG & Co. KG, among others.
New business-to-business websites and discount offerings are being introduced into the market by players eyeing higher market revenue. Other measures that top players are deploying include keen focus on innovation in product development. Details into these strategies and profiles of these players are presented in the market report prepared by Transparency Market Research.
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Cupuaçu Butter Market Segmentation
Cupuaçu Butter Market by Nature
Cupuaçu Butter Market by Grade
- Highly Refined
Cupuaçu Butter Market by End Use
- Cosmetic & Personal Care
- Lotions & Creams
- Lip Balm & Lipsticks
- Sun Care Products
- Soap & Toiletries
- Shampoo & Conditioners
- Food Processing
Cupuaçu Butter Market by Distribution Channel
- Store-based Retailing
- Convenience Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailing
Cupuaçu Butter Market by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- Asia Pacific Excl. Japan
- South Korea
- Rest of APEJ
- New Zealand
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Textured Butter Market - The latest market report published by Transparency Market Research on the global textured butter market includes global industry analysis and opportunity assessment for 2019-2029. Revenue generated from the global textured butter market is estimated to reach ~ US$ 1 Bn in 2019, and is projected to increase at a CAGR of ~ 4%, to reach US$ 1.5 Bn in 2029.
Shea Butter Market - The food industry is another key end user of shea butter. Shea butter finds use in bakery products wherein it is mainly used as a substitute of vegetable oils for chocolates and confectioneries. Besides this, shea butter is increasingly finding use as a substitute of cocoa. Such expanding use of shea butter is translating into growth for shea butter market.
Cosmetic Shea Butter Market - In a recent study on market dynamics of cosmetic shea butter, Transparency Market Research (TMR), notes notable growth between 2018 and 2026. Partly, the credit for the projected growth is owed to efforts directed towards the end by International Cocoa Organization and Global Shea Alliance. It has also contributed positively to better collaboration between various stakeholders such has manufacturers, distributors, wholesalers, and suppliers. And, it comes as no surprise that this comes forth as a stronger supply chain, contributing to growth in global cosmetic shea butter market, which is set to chart a steady CAGR (Compound Annual Growth Rate) of 5%.
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