Kokum Butter Market 2024-2034: Trends & Growth Insights
The global kokum butter market is set for substantial growth, with market value expected to surge from USD 693.6 million in 2024 to USD 1,237.2 million by 2034, reflecting a CAGR of 7.3%. The rise in consumer demand for natural skincare, personal care, and confectionery products is driving market expansion. As a sustainable alternative to cocoa butter, kokum butter is becoming a preferred choice for personal care and cosmetics manufacturers worldwide.
Kokum butter, extracted from the kernels of the Garcinia indica fruit, is a rich source of fatty acids, antioxidants, and vitamins, making it ideal for use in cosmetic creams, lip balms, body butters, and soaps. The market’s growth is fueled by the increasing demand for natural, chemical-free products in cosmetics, personal care, and pharmaceuticals.
Market Trends & Key Developments in Kokum Butter Market
1. Rising Preference for Natural & Sustainable Products
The growing demand for natural, organic, and sustainable products is driving market growth. As consumers become more aware of the environmental impact of synthetic products, demand for eco-friendly alternatives like kokum butter has surged. This trend is further supported by the growing popularity of clean-label beauty products.
2. Use of Kokum Butter as a Cocoa Butter Substitute
As the availability of cocoa butter decreases and its price increases, manufacturers are turning to kokum butter as a cost-effective alternative. Its uniform triglyceride composition and faster absorption make it a preferred choice in products like chocolates, confectionery, and cosmetics.
3. Expansion of Cosmetic & Personal Care Applications
Kokum butter is known for its ability to moisturize dry skin, reduce wrinkles, and heal cracked lips, making it an essential ingredient in skincare products, balms, lotions, and hair care products. Its antioxidant properties further enhance its value in anti-aging formulations.
4. Surging Demand from Pharmaceutical Industry
The pharmaceutical sector has seen a rise in demand for kokum butter for its therapeutic properties. It is widely used in the production of ointments, suppositories, and topical creams. The rise in demand for natural remedies for skin conditions like eczema, psoriasis, and acne is driving the adoption of kokum butter in pharmaceutical products.
Market Segmentation & Insights for Kokum Butter Market
| Segment | Category | Insights |
| By Application | Creams, Lotions, Balms, Lipsticks, Body Butters, Hair Care Products, Soaps, Toiletries, Confectionery, Bakery Products | Cosmetics & skincare dominate due to the rise in demand for natural beauty products. |
| By End Use | Cosmetic Industry, Pharmaceutical Industry, Other Industries | Cosmetic industry holds the largest share, driven by demand for natural personal care products. |
| By Region | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa | North America and Europe lead, driven by high demand for organic cosmetics. |
Regional Insights for Kokum Butter Market
1. North America
- Market Value (2034): USD 417.8 million
- Market Share (2024): 33.8%
- Growth Drivers: The increasing consumer preference for natural skincare and clean-label cosmetics has fueled demand in this region. The rise in popularity of organic skincare products and vegan beauty has driven kokum butter sales.
- Top Companies: International Cosmetic Science Centre, Manorama Group, and Biochemica are key players in North America.
2. Europe
- Market Value (2034): USD 497.2 million
- Market Share (2024): 40.2%
- Growth Drivers: Europe is a leading market due to the demand for natural cosmetics and confectionery products. The trend of sustainable beauty products has further accelerated demand in this region.
- Consumer Preferences: Consumers in countries like Germany, France, and the UK prioritize clean-label and environmentally friendly cosmetics.
3. Asia-Pacific
- Market Value (2034): USD 231.1 million
- Key Markets: India, China, Japan, and South Korea are driving growth in this region.
- Growth Drivers: The rise of e-commerce and the popularity of K-beauty (Korean beauty) is boosting demand for kokum butter in skin care and hair care products.
- Regional Trend: The presence of start-ups like Manorama Industries and local players in India is driving production and innovation in the region.
Growth Drivers for Kokum Butter Market
- Rising Demand for Plant-Based Ingredients: Kokum butter, as a vegan, plant-based ingredient, is gaining momentum due to the increasing preference for natural and clean-label cosmetics.
- Growing Use in Skincare Products: With its ability to moisturize, reduce wrinkles, and promote skin cell regeneration, kokum butter is an essential component in products like lotions, balms, and body butters.
- Increased Production of Confectionery & Bakery Products: With its resemblance to cocoa butter, kokum butter is being used in chocolates, desserts, and baked goods.
- Emerging Startups & Local Players: Startups like Wildoils Private Limited and Vedaoils are introducing innovative products and expanding their reach, especially in Asia-Pacific.
Restraints & Challenges in Kokum Butter Market
- High Prices of Raw Materials: Due to the increasing demand for kokum butter, its cost has risen, posing a challenge to manufacturers.
- Competition from Shea & Cocoa Butter: While kokum butter is a viable alternative, it faces stiff competition from well-established players like shea and cocoa butter.
- Limited Awareness: Consumers are still more familiar with shea and cocoa butter, which limits the expansion of kokum butter into new markets.
Competitive Landscape in Kokum Butter Market
The kokum butter market is fragmented, with numerous local and international players. Companies are focusing on product innovation, strategic partnerships, and capacity expansion to strengthen their market share.
Top Market Players in Kokum Butter Market
- Manorama Group
- International Cosmetic Science Centre
- Ausmetics Daily Chemicals
- Biochemica International
- Keynote International
Recent Developments
- Manorama Industries announced its listing on the National Stock Exchange (NSE) in 2022.
- Ausmetics Daily Chemicals established four production bases in Australia and China to meet the rising demand for natural cosmetics.
Market Forecast for Kokum Butter Market
| Metric | 2024 | 2034 | CAGR (2024-2034) |
| Market Size (USD Million) | 693.6 | 1,237.2 | 7.3% |
| Top Regions | North America, Europe, Asia-Pacific | ||
| Growth Drivers | Clean-label demand, sustainable cosmetics, bakery & confectionery products |
Frequently Asked Questions (FAQs) for Kokum Butter Market
1. What is the projected size of the kokum butter market in 2024?
The global market size is projected to be USD 693.6 million in 2024.
2. What is the CAGR for the kokum butter market from 2024 to 2034?
The market is expected to grow at a CAGR of 7.3%, reaching USD 1,237.2 million by 2034.
3. Which region holds the largest market share?
Europe holds the largest share, driven by the demand for natural and sustainable products.
4. Which companies are leading the market?
Manorama Group, Biochemica, and Ausmetics Daily Chemicals are key market players.
Contact Our Advisory Team
Discover Established & Emerging Players in the Kokum Butter Market.
Our advisory services offer exclusive insights into market leaders, competitive strategies, and growth forecasts. Contact us for in-depth revenue analysis, company evaluation matrix, and information on emerging market entrants.
Take Action Now!
Contact us today to access the full report and propel your business forward.