Legacy players dominate the global seed butter market, which are constantly focusing on introducing new innovations and developments to maintain their market share and existing customer base. Wells Made Co., JAGRMA, LLC, The Hain Celestial Group, Inc., Meridian Foods Limited, Once Again Nut Butter Collective, Inc., SUNBUTTER, and other prominent seed butter market players are some of the key market participants.
Seed butter, unlike other nutritional products like butter, jams, and margarine, naturally contains health-promoting fats that help to prevent type 2 diabetes and heart disease. In addition, because seed butter contains a high amount of fats, it can help to reduce the risk of obesity. Due to an increasing percentage of health-conscious populations around the world, global seed butter demand has grown significantly over time. The global market for seed butter is expected to create more market incremental opportunities for key seed butter manufacturers to expand their overall market share and value chain in emerging and low-income economies across all regions. Hundreds of key players with global and local market presence and multiple manufacturing facilities make up the seed butter market.
Organic seed butter is becoming more popular
Source, nature, end-use application, buyer type, and sales channel can all be used to segment the seed butter market. Sunflowers, chia, hemp, flax, pumpkin, watermelon, tahini, and other seed butters are classified according to their source. The seed butter market can be classified as organic or conventional based on its natural origins. The seed butter market can be divided into food, cosmetics & personal care, and pharmaceuticals based on end-use application. The global seed butter market can be divided into three categories based on the type of buyer: HoReCa, household & residential buyers, and food processors & manufacturers. Direct sales, modern trade, retailers/wholesalers, third-party online channel, chain stores, and other sales channels are the different types of sales channels available in the seed butter market.
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During the forecast period, the global seed butter market is expected to grow at a low single-digit rate
According to the company’s recent research analysis, the seed butter market in developed and developing countries is expected to grow at a single-digit compound annual growth rate over the forecast period of 2018-2028. Due to the presence of key manufacturers and increased demand for healthier products, Europe is expected to dominate the global seed butter market in terms of volume and equated value by the end of 2019, followed by North America and East Asia. Over the forecast period, these three regions are expected to grow at a moderate pace. Due to an increase in the number of health-conscious people and expansion in the production capacity of companies in South Asia and Latin America, the region is expected to see rapid growth in the near future.