The Latin America, Middle East and Africa Macadamia Butter Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 161.82 tonnes, showcasing a growth of 10.6% (2024-2031).
Conventional macadamia butter dominates the market due to its affordability and widespread availability. Produced using standard agricultural methods, this butter is accessible to a larger consumer base. It is primarily targeted at cost-conscious consumers who may prioritize price over organic certifications. Thus, the Saudi Arabia market is expected to utilize 19.21 tonnes of conventional macadamia butter by 2031.
The Brazil market dominated the LAMEA Macadamia Butter Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,599.7 Thousands by 2031. The Argentina market is showcasing a CAGR of 14% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.6% during (2024 - 2031).
Macadamia butter is a spread made from macadamia nuts, which are ground into a smooth, creamy consistency like other nut butter such as peanut, almond, or cashew butter. The rich and buttery flavor of macadamia nuts makes this butter a luxurious and versatile ingredient, offering a distinctive taste profile that sets it apart from more common nut butters.
This butter is renowned for its flavor and its substantial nutritional value. It is a rich source of healthy fats, notably monounsaturated fats, which are recognized for their ability to improve heart health by lowering levels of bad cholesterol
The macadamia butter market in the LAMEA region is witnessing steady growth, driven by rising health consciousness, the growing middle class, and increasing demand for premium and natural food products. In this region, hotels, restaurants, cafés, catering companies, and institutional facilities often require significant quantities of butter for food preparation and service. According to data from the UAE government, the country hosts more than 30,000 food outlets. In 2021, the market valuation of the hotel, restaurant, and institutional sector was $12.3 billion, a nearly 17% increase from the previous year.
Free Valuable Insights: The Worldwide Macadamia Butter Market is Projected to reach USD 315.5 Million by 2031, at a CAGR of 11%
Based on Nature, the market is segmented into Conventional, and Organic. Based on Form, the market is segmented into Roasted, and Raw. Based on Application, the market is segmented into Food & Beverages, Nutraceuticals, Cosmetics & Personal Care, and Other Applications. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Nature (Volume, Tonnes, USD Million, 2020-2031)
By Form (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 