About Palm Butter
Palm butter is manufactured from natural palm oil which is made with a non-hydrogenated stearin fraction of palm fat. It is used to cook a wide variety of proteins from crawfish to goats. Palm butter is high in anti-aging properties, and also provides deep moisturizing properties making the skin soft and supple.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Palm Butter is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. 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.
FGV Holdings Berhad (Malaysia), Sime Darby Berhad (Malaysia), Cargill Foods Inc. (United States), Adani Wilmar Limited (India), Daddy Butter (United States), Ruchi Soya Industries (India), Wilmar (United States), Sime Darby (Malaysia), IOI Corporation (Malaysia) and Kuala Lumpur Kepong (Malaysia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bingo Hair Cosmetic Manufacture Ltd. (China), Wilmar International (Singapore), Asiatic Development (Malaysia) and RGE Pte (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Palm Butter market by Type (Crude Palm Oil and Palm Olein), Application (Cosmetics, Foods, Bio-Diesel and Others) and Region.
On the basis of geography, the market of Palm 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 Nature, the sub-segment i.e. Organic will boost the Palm Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales, the sub-segment i.e. Online will boost the Palm Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Consumer's Lifestyle and Dieting Habits
Market Growth Drivers:
Increasing Application of Palm Butter in Skin Care Products
Challenges:
Concerns Related to the High Saturated Fat Content
Restraints:
High Cost Associated with the Palm Butter and Availability of Alternatives
Opportunities:
Surging Adoption of Natural Cosmetic Products
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. The ForA brand is a very good fit to our plant-based expansion with premium plant butter products and will provide an addition complementary to our GreenOasis plant-based product line.
In June 2023, Naturli’ Launched Vegan Palm Oil Free Spreadable Butter In Sainsbury’s. From its strikingly realistic mince to bleeding burgers made of mushrooms, vegan meat aficionados had thought they’d seen it all from the modern company. The company has leaped out of the meat aisle and into the dairy case launching its own-brand of plant-based spreadable butter at Sainsbury’s and calling plants
Key Target Audience
Palm Butter Manufacturers, Palm Butter Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes 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.