- 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:
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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:
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Regional Analysis of Global Cupuacu Butter Market:
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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
Cupuaçu Butter Market by End Use
Cupuaçu Butter Market by Distribution Channel
Cupuaçu Butter Market by Region
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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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