According to a new report, published by KBV research, The Global Macadamia Butter Market size is expected to reach $315.5 million by 2031, rising at a market growth of 11.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,912.08 tonnes, experiencing a growth of 9.7% (2020-2023).
The Organic segment is anticipating a CAGR of 13% during (2024 - 2031). The production of organic macadamia butter is free of synthetic chemicals, fertilizers, and genetically modified organisms (GMOs), which makes it a popular choice among environmentally conscious and health-conscious consumers. As a result of customers' rising awareness of the environmental impact of food production and worries over pesticide residues, organic products have become increasingly popular among consumers. It is projected that the organic category will continue to increase and obtain a higher market share in the years to come at a time when people are becoming more conscious of the environmental and health effects that are associated with the food choices they make.
The Roasted market is leading the Global Macadamia Butter Market by Form in 2023; thereby, achieving a market value of $169.5 million by 2031. Roasted macadamia butter is popular due to its enhanced flavor profile, which is achieved through the roasting process that brings out the rich, nutty taste of the macadamia nuts. This segment is highly favored by consumers for use in gourmet cooking, baking, and spreads, contributing to its dominant position in the market. The rich aroma and robust flavor make roasted macadamia butter a staple in home kitchens and premium food service industries, further driving its revenue share.
The Cosmetics & Personal Care segment is registering a CAGR of 11.5% during (2024 - 2031). Macadamia butter is rich in fatty acids, antioxidants, and vitamins, making it highly beneficial for moisturizing and nourishing the skin and hair. Its lightweight texture and fast absorption properties make it an excellent ingredient in lotions, creams, lip balms, hair conditioners, and other beauty products. As consumers become more aware of the ingredients they apply to their skin and hair, they have developed a preference for sustainable and clean-label personal care products. Consequently, the demand for natural and organic products has increased. Macadamia butter fits well into this trend with its hydrating and rejuvenating properties.
Full Report: https://www.kbvresearch.com/macadamia-butter-market/
The North America region dominated the Global Macadamia Butter Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $106.5 million by 2031. The Europe region is experiencing a CAGR of 10.8% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 11.8% during (2024 - 2031).
By Nature (Volume, Tonnes, USD Million, 2020-2031)
By Form (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
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