About Kombo Butter
Kombo butter comes from seeds of pycnanthus angolensis tree that are commonly found in West Africa. It is highly utilized in the essential oils that are used for all kinds of joint or muscles pain due to its anti-inflammatory property. Kombo butter demand is increasing among the manufacturer of skin & hair care products, UV-protection products, lotions, etc. as with time consumers’ are shifting towards organic or natural products. Many cosmetic manufacturers are looking for natural or unrefined plant butter as it is the most important ingredient in cosmetics products to provide moisture to the skin.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Kombo Butter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baraka Shea Butter (Canada), Vitae Organics (United States), 3CayG (United States), The Savannah Fruits Company (Russia), AFRINATURAL (South Africa), ButterWise (Netherland), Bri Ghana Ltd (United States) and Asnapp Ghana (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Spearson Ltd (United Kingdom), The Kerfoot Group (United Kingdom), BulkOil (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Kombo Butter market by Type (Refined and Unrefined), Application (Personal Care, Cosmetics, Healthcare and Others) and Region.
On the basis of geography, the market of Kombo Butter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Kombo Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Surging Demand for Kombo Butter for Treating Body Pain and Soothing Dry and Irritated Skin and Increasing Use of Kombo Butter in the Organic Personal Care Products and Cosmetics
Challenges:
Allergic Reactions like Patch Testing Due to Kombo Butter May Slowdown the Growth
Restraints:
Kombo Butter is Costly Compared to the Other Plant Butters That May Create Restraints
Opportunities:
Increasing Muscles Pain and Back Pain Issues in the Global Population Will Create Huge Demand of Kombo Butter for Massage Therapy
Market Leaders and their expansionary development strategies
In October 2022, AAK Foodservice has acquired plant-based butter brand ForA for an undisclosed sum. Formulated with cocoa butter, coconut oil and coconut cream, ForA:Butter performs like dairy butter in baking and cooking applications, according to the company.
In October 2023, iD Fresh Food has launched a new product called Twist and Spread Butterstick, designed to simplify the process of spreading butter, making it cleaner and more convenient for storage. The product has been launched in all major key markets and is priced at ₹69 (50 gm).
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Kombo Butter Manufacturers, Suppliers and Distributors of Kombo Butter, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End- Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.