Cupuacu Butter Market

Global Cupuacu Butter Market Size (2024 to 2029)

Cupuacu Butter Market size was at USD 0.04 billion in 2024 to reach USD 0.05 billion in 2029, registering a CAGR of 6.28% throughout the outlook period 2024 -2029.

Cupuacu butter is produced from the seeds of the Cupuacu fruit and can be consumed entirely. It is widely used in various applications in the food processing industries, including the production of various sweet products such as jellies, juices, ice cream, candy, and puddings. Cupuacu butter is known to have phytosterol that helps regulate lipids. In addition to the food industry, Cupuacu butter is widely used in the cosmetics and personal care industries.

Global Cupuacu Butter Market Drivers and Restraints:

Cupuacu butter has gained enormous popularity and demand is expected to grow during the forecast period. Cupuacu butter is increasingly being used to develop personal and cosmetic products around the world due to its beneficial herbal properties. Within the cosmetics industry, market players continue to develop products in line with changing trends and consumer preferences. As the demand for clean, safe, and natural ingredients continues to grow at a tremendous rate, the market for Cupuacu butter has gained huge popularity.

Consumers around the world are increasingly using clean, natural skincare and cosmetics. Due to additional research and development activities, there is increasing evidence to support the benefits of Cupuacu butter for skin and hair, which is why Cupuacu butter is increasingly used to develop cosmetics and hair care products. In addition, the exceptional moisture retention capacity coupled with the growing popularity as one of the most effective antioxidant-rich natural moisturizers is one of the main factors driving the demand for Cupuacu butter in the cosmetic skincare and personal care industry. In recent years, Cupuacu butter has also been increasingly used as an alternative to shea butter to treat brittle and dry hair, as it provides better hydration and great softness. Haircare companies, especially in developed regions like North America and Europe, are turning to the use of Cupuacu butter to develop high-quality hair conditioners and other products.

Consumer demand for herbal cosmetics is increasing around the world as health and wellness awareness continues to reach new heights. The advent of social media and digital platforms has played an imperative role in raising consumer awareness, influencing consumer preferences and promoting herbal cosmetic products. Companies operating in the global Cupuacu butter market landscape are expected to focus primarily on expanding their product portfolio, launching new products and introducing innovative products to the market to break through fierce competition. Over the past decade, consumer trends suggest a significant increase in the number of vegans around the world. Today's consumers are more aware of the functional properties of ingredients in their food and cosmetic products, which has caused the demand for bioactive ingredients to grow enormously. Plant-based ingredients are expected to gain popularity in the near future, which in turn will likely drive the global Cupuacu butter market during the outlook period. The adoption of Cupuacu butter in the food and beverage industry is supposed to increase as it contains a unique phytochemical called theograndin, theophylline, and trace amounts of caffeine. Cupuacu is also emerging as a substitute to chocolate, increasing its demand in F&B sector. Other factors that are likely to increase the demand for Cupuacu butter include raising awareness, expanding outreach, and increasing knowledge and appreciation of plants in human nutrition.

Impact of COVID-19 on the Cupuacu Butter Market?

The temporary shutdown of production units and distribution channels as a part of coronavirus prevention has led to decreased sales in the Cupuacu Butter market in the last few months. However, the increasing demand for Cupuacu Butter in the personal care and cosmetics industry is likely to act as a catalyst for the rapid developments in this industry in the coming years.

REPORT COVERAGE: 

This research report on the Global Cupuacu Butter Market has been segmented and sub-segmented based on grade, nature, end-use, distribution channel and region.   

Global Cupuacu Butter Market - By Grade:

• unrefined,
• refined,
• highly refined

Global Cupuacu Butter Market – By Nature:

• organic
• conventional

Global Cupuacu Butter Market - By End-use: 

• personal care
• food processing
• pharmaceuticals
• retail/household

Global Cupuacu Butter Market – By Distribution Channel:

The Global Cupuacu Butter Market is segmented on the basis of quality, nature, end-use, and distribution channel.

• Direct sales
• indirect sales
• food retailers

Global Cupuacu Butter Market – By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

The Cupuacu butter market in Europe is estimated to show strong growth in the projection period, due to the growing vegan population in developed countries such as Germany, France, Switzerland, and others. Consumers are choosing more vegan products over other dairy and animal products, due to growing concerns for health, the environment, and animal welfare.

The North America region has shown a large share of the world Cupuacu butter market in recent times, due to its high consumption rate due to multiple uses and benefits. Cupuacu Butter is an excellent source of nutrients and minerals, it is rich in antioxidants and an abundant source of vitamins A, C, B1, B2, and B3, and it is also used in anti-obesity medications. While due to the spread of the coronavirus pandemic and government prevention to control it, such as lockdowns, border closures, and supply chain disruption, the Cupuacu butter market in North America has slowed down, especially in the United States.

The Asia Pacific, led by India, China, Japan, Australia, and New Zealand, is predicted to show robust demand for Cupuacu butter, replacing traditional butter. The European market for alternative dairy products is valued at around USD 3 billion in 2020, due to changes in consumer lifestyles and product choices. Consumers are showing a changing preference for natural, organic, and chemical-free products. Innovation and new product introductions by food and cosmetic manufacturers are likely to drive the size of the Cupuacu butter market in the future.

KEY MARKET PLAYERS:

CTCGroup Philippines, Beraca Ingredientes Naturais SA, Natural Sourcing LLC, Hallstar, Amanaci Ingredients UG & Co. KG, Butters.Si, Jarchem Industries Inc, Shieling Laboratories, Leith Sourcing, LLC, Biobrazil Botanicals, Henry Lamotte Oils GmbH.

RECENT HAPPENINGS IN THE INDUSTRY:

• Auriga Sciences, Inc., a business development company in the life sciences field, announced that it has completed the reformulation of its lip balm Cupuacu Butter.
• Tauriga Sciences, Inc., dedicated to the development, distribution, and licensing of proprietary products, as well as the evaluation of potential acquisition opportunities, confirmed the receipt of several initial customer orders for its licensed Cupuacu butter lip balm bearing the "HerMan" brand.