Kokum Butter Market

Market Regional Outlook:

On the basis of geography, the kokum butter market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, 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:

High growth of Kokum butter market is anticipated as the cocoa butter is becoming increasingly expensive and limited availability, Kokum butter is becoming more popular as the substitute of 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 oily feel like many other oils and butter.

Developing market 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, hydroxicitric, potassium, manganese, and magnesium. Kokum butter is used in cosmetic formulations along with other ingredients to make it more pliable.

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 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 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.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.