The demand for the kokum butter Market is expected to reach US$ 652.8 million in 2022, rising at a 6.1% CAGR to US$ 1,180.1 million from 2022 to 2032. The expansion of applications in personal care and consumer goods is responsible for the expansion. A CAGR of 5.4% was seen for the market for kokum butter between 2016 and 2021.
The kokum butter is extracted by refining the Kokum kernels using chemical processes of neutralization, bleaching, and deodorization. Kokum Butter is composed of beneficial compounds that help to regenerate skin cells. It has a moderate to non-existent perfume and appears like cocoa or shea butter. Kokum butter has outstanding emollient properties and very high oxidative balance which allows kokum butter into many formulations like lotions, lip balms, and soaps.
The butter extracted from the fruit kernels is rich in vitamin E, and vital fatty acids. Kokum butter is used in dry skin remedies, hair conditioners, infected pores, and skin remedies, and in many skincare and beauty products. The Kokum Butter is untreated, unrefined, non-deodorized, unbleached, and does not contain any chemicals. Furthermore, Kokum is appropriate for ointment, suppositories, and other pharmaceutical purposes. The ointment is used for treating the ulcer, fissures of lips, cracks, or cuts in hands and feet.
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Market Segmentation:
The Kokum butter market is segmented on the basis of its applications in different industries such as the pharmaceutical industry, cosmetic industry, and other applications. In the pharmaceutical industry, kokum butter is majorly used in creams, skin lotions, balms, and shaving creams. Similarly, in the cosmetic industry, kokum butter is used in conditioners, lipsticks, body butter, moisturizing creams, hair care products, soaps, and toiletries. Other application includes food products such as confectionery and bakery products. The derivatives of Kokum butter are used as substitutes while manufacturing the chocolates, so the end product doesn’t melt throughout transport in peak summer months. Kokum butter is the most stable and hardest exotic butter. It will appear flaky and cracked, though it will melt when comes in contact with skin. It is best to use this together with different oils or butter to make it more pliable and easy to use.
Market Regional Outlook:
On the basis of geography, the kokum butter market is segmented into North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific excluding Japan, Japan, the Middle East, and Africa. In regional markets, Asia Pacific is the largest producer of kokum butter followed by Africa. India is the leading manufacturer of kokum butter across the globe.
Market Drivers and Trends:
The high growth of the Kokum butter market is anticipated as cocoa butter is becoming increasingly expensive and with limited availability, Kokum butter is becoming more popular as a substitute for cocoa butter. Due to its uniform triglyceride composition, it is often used as a substitute for cocoa butter as it is more quickly absorbed into the skin without leaving an oily feel like many other oils and butter.
Developing markets for personal care and cosmetic products has played a major role in fuelling the growth of the Kokum butter market across the globe. Kokum butter has antioxidant properties and prevents drying of the skin and helps in reducing wrinkles. Kokum butter is rich in citric acid, polyphenols, and acetic acid malic acid, and also contains vitamin B complexes, hydroxy citric, potassium, manganese, and magnesium. Kokum butter is used in cosmetic formulations along with other ingredients to make it more pliable.
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Market Competition
Some of the key participants present in the global enterprise key management market include International Cosmetic Science Centre, Manorama Group, Biochemica, Marudhar Foods Private Limited, BioChemica International, Keynote International, Villa Germania Alimentos S.A., Madvik Research Labs Private Ltd., Fimanus UG Haftungsbeschrankt, Ausmetics Daily Chemicals (Guangzhou) Co Ltd., Zhongshan Desly Foodstuffs Co., Ltd among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as International Cosmetic Science Centre, Manorama Group, Biochemica, Marudhar Foods Private Limited, and BioChemica International account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Kokum Butter Market Key Players:
The market for Kokum butter is highly fragmented with a large number of regional and international manufacturers. Some of the key players in the Kokum Butter market include International Cosmetic Science Centre, Manorama Group, Biochemica, Marudhar Foods Private Limited, BioChemica International, Keynote International, Villa Germania Alimentos S.A., Madvik Research Labs Private Ltd., Fimanus UG Haftungsbeschrankt, Ausmetics Daily Chemicals (Guangzhou) Co Ltd., Zhongshan Desly Foodstuffs Co., Ltd
The report covers an exhaustive analysis on:
- Kokum Butter Market Segments
- Kokum Butter Market Dynamics
- Historical Actual Market Size, 2014 – 2015
- Kokum Butter Market Size & Forecast 2016 to 2026
- Kokum Butter Market Supply & Demand Value Chain
- Kokum Butter Market Current Trends/Issues/Challenges
- Kokum butter Players Competition & Companies involved
- Kokum Butter Market Technology
- Kokum Butter Market Value Chain
- Kokum Butter Market Drivers and Restraints
Regional analysis for Kokum Butter Market includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Russia
- Poland
- Asia Pacific
- Australia and New Zealand (ANZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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