Coconut Butter Market By Nature (Organic, Conventional), By End User (Cosmetics and Personal Care Industry, Food and Beverage Industry, Others), By Distribution Channel (Supermarkets/hypermarkets, Convenience stores, Online sales channel, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global coconut butter market was valued at $986.3 million in 2021, and is projected to reach $1.9 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.After the water has been extracted from the coconuts, they are dried and then ground into coconut butter. It is a solid fat extracted from coconut meat that is used to make candles, soap, and ointments. Low temperatures allow it to be kept and preserved for a longer period of time. It is regarded as a natural, nutritious alternative to most processed, fortified butter.
The coconut butter market is analyzed on the basis of nature, end user, distribution channel, and region. On the basis of nature, the market is bifurcated into organic and conventional. On the basis of end user, the market is divided into cosmetics and personal care industry, food & beverage industry, and others. On the basis of distribution channel, it is classified into supermarkets/hypermarkets, convenience stores, online sales channel, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The impact of the COVID-19 outbreak was moderate on the growth of the global coconut butter market. The trade restrictions and lockdown resulted in the halting of production and manufacturing units. however, the recovery of the coconut butter market is expected in near future.
Coconut butter is now a common ingredient in personal care and cosmetic products because consumers throughout, but especially in coastal and tropical countries, perceive it as a healthy element for enhancing attractiveness. Consumers presently demand organic, vegan skin and hair care products, thus cosmetics containing organic coconut butter are usually accepted. Since coconut butter contains triglycerides and continuously saturated medium-chain fatty acids, many personal care firms are replacing the mineral oil in their cosmetics and personal care product lines with coconut oil. In addition, due to the antibacterial qualities of lauric acid, coconut butter has recently become more popular as a moisturizer, detergent, and shampoo ingredient. Coconut butter is a fantastic natural moisturizer. It moisturizes lips and softens them. As a result, producers are including coconut butter in their lip care products.
The key players operating in the coconut butter market have adopted product launch, business expansion, and merger & acquisition as their key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global coconut butter market are ANDY ALBAO CORPORATION, Asia Botanicals Sdn. Bhd, Bali Nutra, Ceylon Coconut Company, Dhatu Organics & Naturals, Hallstar Innovations Corp., MaraNatha, Nutretiaa Industries, Phildesco Inc., and United Foods India.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coconut butter market analysis from 2021 to 2031 to identify the prevailing coconut butter market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the coconut butter market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global coconut butter market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Nature
Organic
Conventional
By End User
Cosmetics and Personal Care Industry
Sub-type
Hair care
Skin care
Others
Food and Beverage Industry
Others
By Distribution Channel
Supermarkets/hypermarkets
Convenience stores
Online sales channel
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Netherlands
UK
France
Italy
Rest of Europe
Asia-Pacific
India
Indonesia
China
Philippines
South Korea
Vietnam
Malaysia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Nutretiaa Industries
Dhatu Organics & Naturals
Hallstar
Andy Albao Corporation
Bali Nutra
Phildesco Inc
United Foods India
MaraNatha
Asia Botanicals Sdn Bhd
Ceylon Coconut Company
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