NEW YORK, Dec. 11, 2020
NEW YORK, Dec. 11, 2020 /PRNewswire/ -- Increasing pollution, changing food habits, and busy lifestyles are leading to rising stress levels and anxiety, besides other health concerns. These issues are further resulting in conditions such as wrinkles, pimples, and heavy hair loss. Thus, people are becoming more concerned about appearance and beauty, and are using beauty and cosmetic products for the prevention of skin or hair diseases. Nutmeg butter is a natural and sustainable alternative ingredient in beauty and cosmetic products. These factors are expected to fuel demand for nutmeg ingredients and nutmeg butter products in the near future.
The global nutmeg butter market has witnessed significant growth in the past few years, and this trend is anticipated to continue through the course of the forecast period (2020 to 2030). The global nutmeg butter market is estimated to rise at a steady value CAGR of nearly 6% through 2030.
Key Takeaways from Nutmeg Butter Market Study
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"Players in the nutmeg butter market can gain huge profits by promoting and collaborating with different cosmetic and personal care manufacturers to use nutmeg butter ingredients in different products," says a PMR analyst.
Nutmeg Butter Market: Competitive Landscape
As consumer demand for multifunctional products is increasing, manufacturers of cosmetic and personal care products are seeking multifunctional ingredients that can be used for different purposes. Nutmeg butter can be used in different products such as body massage products, hair masks, creams, lotions, soaps, pomades, after-sun creams and lotions, sun protection products, hair conditioners, and others.
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Manufacturers operating in the nutmeg butter landscape, such as New Directions Aromatics Inc., Proderna Biotech Pvt. Ltd., and others are focusing on offering products that are in line with market trends and comply with different international certifications and standards.
Explore More Valuable Insights on Global Nutmeg Butter Market
Persistence Market Research, in its new report, offers an impartial analysis of the global nutmeg butter market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights into the nutmeg butter market based on nature (organic, conventional), application (skin care, hair care, soap making, retail/household, others), and distribution channel (business to business, business to consumer), across seven major regions.
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