About Kokum Oil
Kokum oil or kokum butter is made from the seed of the kokum tree that is grown in the western ghat of India. Kokum oil is gaining much popularity as a substitute for cocoa, coconut, and shea butter due to its triglyceride composition. It is widely used for application in topical cosmetics and personal care products like lotion, creams, lip balms, etc. Other than cosmetics and pharmaceuticals, kokum butter is also used for various culinary applications and the preparation of costly confectionery items.
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 Indian Vendors will contribute the maximum growth to Global Kokum Oil 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.
AG Industries (India), Olam International (Singapore), Manorama Industries Limited (India), Old Tree (India), John Aromas (India), Aadra International (India), HBNO (United States), Synercare (India), Clia Naturals (India) and Lachemi Chemorgs (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Kokum Oil market by Type (Refined and Unrefined), Application (Culinary, Cosmetics & Personal Care, Pharmaceuticals, Confectionery preparations and Others) and Region.
On the basis of geography, the market of Kokum Oil 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 Packaging Type, the sub-segment i.e. Box will boost the Kokum Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Kokum Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference Towards the 100% Pure, Natural, and Kosher Refined Kokum Oil
Market Growth Drivers:
Increased Adoption of Cosmetics and Personal Care Products Made with Natural Ingredients Among Consumers and Use of Kokum Oil As a Substitute of Cocoa Butter and Growing Use of Kokum As A Natural Edible Oil in Food Preparation
Challenges:
Less Adoption of Kokum Oil in Culinary Application in Foreign Countries Due to Less Availability as Compared to Cocoa or Shea Butter
Restraints:
Allergic Reactions in Some People Due to Kokum Oil May Limit the Adoption
Opportunities:
Demand for Kokum Oil or Kokum Butter Outside of India for Costly Confectionery Preparations
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Kokum Oil Manufacturers, Kokum Oil Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Bodies, 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.