Global Market Study on Nutmeg Butter: Growth Witnessed Attributable to Increasing Beauty Concerns among Consumers


Nutmeg Butter  Market
  • Published On : Nov-2020 |
  • Pages : 250 Pages |
  • Format : Nutmeg Butter  Market Nutmeg Butter  Market Nutmeg Butter  Market Nutmeg Butter  Market

Nutmeg has high nutrient content of vitamins, minerals, and organic compounds related to essential oils. Nutmeg and nutmeg butter benefits include dietary fiber, manganese, thiamine, vitamin B6, folate, magnesium, and copper, along with other benefits such as relieving pain, promoting digestion, improving brain health, detoxifying the body, oral health, treating insomnia and leukemia, correcting hormonal imbalances, skincare, and regulating blood pressure.

Manufacturers as well as consumers are seeking new, natural, healthy, nutritional ingredients that can help in maintaining health and wellness. Owing to the high nutritional content of nutmeg, nutmeg butter is gaining popularity among consumers across the globe, and its volume is expected to witness 1.6X growth during the forecasted period of 2020 to 2030, thereby expanding the nutmeg butter market size at a steady pace.

Nutmeg Butter Market Trends

Rising Demand for Gender-neutral Products to Fuel Demand: Key manufacturers of cosmetic and personal care products are focusing on increasing the number of gender-neutral products in terms of making it easy for consumers to purchase what they need. Gender-neutral products can be used by both, male and female consumers, for the treatment of similar issues. This marketing method is fueling the growth of the beauty and cosmetics industry. Nutmeg butter is ideal for the treatment of wrinkles, hair care, and for use in personal care products such as soaps, shampoo, body care, scrubs, etc., for both genders. This is expected to drive the growth of the global nutmeg butter market.

  • As such, the application of nutmeg butter for skincare is expected to witness a significant value CAGR of around 6% over the forecast period.

Emergence of Preventive Nutri-cosmetic Products to Stimulate Demand: Nutmeg and nutmeg butter have several health benefits, including the ability to relieve pain, strengthen cognitive function, soothe indigestion, detoxify the body, reduce insomnia, and many others. Nutmeg butter contains significant amounts of vitamins and minerals, and thus, is considered a nutrient-rich product.

With increasing health-consciousness among consumers and rising knowledge about various ingredients and products, demand for nutricosmetic products is increasing rapidly across the globe. Nutricosmetics has become a way to take care of one's skin deeply and holistically. Thus, these factors are expected to fuel the growth of the global nutmeg butter market over the coming years.

Larger Online Penetration in Emerging Markets: Online retail is a trending segment across the world, especially in emerging markets. It is becoming more convenient for consumers, as products can be ordered from homes, workplaces, or any other place. Big players in the online retail sector are offering huge discounts on products, which attracts consumers toward online retail. Consumers in emerging markets are widely inclining toward online shopping due to discounts and doorstep deliveries.

Increasing digitalization and rising spending power of consumers are other factors that are driving the growth of the online retail market. Nutmeg butter is widely sold through online retail chains, which is expected to leave a positive impact on the global nutmeg butter market, with expected value growth of 2.1X over the forecast period.

Regional Outlook of Global Nutmeg Butter Market

Asia Pacific is one of the fastest-growing regions in the world, based on both, population and economy. It holds around 40% of the world’s population, and has the largest consumer base for food and beverages as well as personal care products. Consumers in the region are becoming more health-conscious and focusing on health and wellness.

Increasing per capita income and rising spending power of consumers are key factors for the growth of the global nutmeg butter and oil market. Besides, Asia Pacific is witnessing an increase in the number of personal care and cosmetic manufacturers, which is expected to drive the demand for nutmeg ingredients and nutmeg butter products in the region. As such, South Asia is expected to witness 7.5% value growth during the forecasted period, pushing up Asia Pacific as far as nutmeg butter market share is concerned.

COVID-19 Impact on Nutmeg Butter Market

The global beauty industry has been hit hard by the COVID-19 crisis. First-quarter sales of beauty products and nutmeg butter have been weak, and there have been widespread store closures. At the height of the crisis, beauty brands using nutmeg butter have raced to pivot their propositions, reaching consumers via online channels and adapting their product offerings to suit customers during lockdowns. As a result, COVID-19 has fast-tracked a number of macro trends and has set lasting changes in motion.

The crisis has simultaneously accelerated the move away from color cosmetics toward skincare, brought the wellness agenda to the fore, encouraged brands to re-evaluate their retail offerings, and forced businesses to recognize a strong digital proposition as being vital for survival. As lockdowns resulted in stores being shut across the world, beauty brands and nutmeg butter products raced to engage consumers online, and retailers expanded their omni-channel approaches at a significant pace and scale.

Analysts’ Viewpoint

The global nutmeg butter market is anticipated to exhibit significant growth, with South Asia and Europe projected to offer potential growth opportunities during the forecast period of 2020-2030. Increasing beauty concerns among consumers is expected to support the growth of the global nutmeg butter market in the foreseeable future. Leading players in the nutmeg ingredient and nutmeg butter market are focused on collaborating with cosmetic and personal care manufacturers to increase the sales of nutmeg butter through retail and online retail channels. This is further expected to contribute toward high market growth, with expected volume of 930T in the year 2030.                 

Nutmeg Butter Market: Report Scope

A latest market report by Persistence Market Research on the global nutmeg butter market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global nutmeg butter market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global nutmeg butter market. This market study contains exclusive insights into how the global nutmeg butter market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global nutmeg butter market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with nutmeg butter. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global nutmeg butter market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global nutmeg butter market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the nutmeg butter market. Furthermore, new and emerging players in the global nutmeg butter market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global nutmeg butter market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global nutmeg butter market. All stakeholders in the global nutmeg butter market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Nutmeg Butter Market

PMR’s report on the global nutmeg butter market offers information divided into four segments- nature, application, distribution channel, and region.

Nature

  • Organic
  • Conventional

Application

  • Skin Care
  • Hair Care
  • Soap Making
  • Retail/Household
  • Others

Distribution Channel

  • Business to Business
  • Business to Consumer
    • Hypermarket/Supermarket
    • Specialty Stores
    • Online Retail
    • Other Retail Format

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Nutmeg Butter Market Study

  • Which region will hold the highest market share in the global nutmeg butter market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global nutmeg butter market?
  • What are the global trends impacting the nutmeg butter market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the nutmeg butter market?
  • What is the market structure of the global nutmeg butter market?

Global Nutmeg Butter Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global nutmeg butter market, and reach conclusions about the future growth factors of the market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global nutmeg butter market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Nutmeg Butter Market Report

  • Organic Pure Oil
  • Nature Pure Extracts Inc
  • Rutvik Enterprises
  • Proderna Biotech Pvt. Ltd.
  • Vedic Supercriticals & Biotechnologies (I) Pvt. Ltd.
  • Cocojojo
  • New Directions Aromatics Inc.
  • Savonnerie Ameritienne
  • Botanic Universe Corp.
  • Delaenzie Essentials Oils
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