Detailed Project Report on Murumuru Butter Market 2021-2031 | Allied Market Research

The Murumuru Butter Market size was valued at $802.00 million in 2021, and is estimated to reach $1.8 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031. The study involved research on landscape-specific skills as well as detailed information on each section such as Market Size, Shares, Trends, Regional and Country-level Strategic Market Growth, Opportunities in emerging revenue pockets, Competitive Landscape, Technological innovations, etc. This report assessment provides a comprehensive analysis that reflects today's market realities and future market possibilities for the forecast period of 2021 to 2031.

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Murumuru Butter is very similar to coconut oil, both of which are nutritious ingredients derived from the nuts found in palm trees. However, the biggest difference between these two ingredients is that murumuru butter is lighter and more moisturizing than coconut oil, so it is less likely to clog pores. This butter restores the natural moisture barrier of the skin and soothes it without clogging pores or causing acne.

The major Key Players covered in the report Cocoa Market are:

The major players analyzed for the murumuru butter industry are jarchem industries, Inc., Liberty Natural Products, Caribbean Natural Products Inc, BERACA INGREDIENTS NATURAIS SA, LUSH RETAIL LIMITED, NSI Group, LLC, Vigon International, Inc, Hallstar Company, H.F.Ed. Meyer GmbH & Co. KG , O&3 Limited

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Shea butter and cupuacu butter are substitutes for murumuru butter available in the market. These types of butter are quite low in price as compared to murumuru butter. This increases the demand for shea butter and cupuacu . In addition, people are unaware of murumuru butter. This results in the threat from substitute products and is expected to hinder the expansion of the murumuru butter market during the forecast period.

Segmentation:

The murumuru market is segmented on the basis of nature, end-use, distribution channel, and region. On the basis of nature, the market is bifurcated into conventional, and organic. On the basis of end-use, the market is classified into hair care cosmetics, skin care cosmetics, and lip care cosmetics. On the basis of the distribution channel, the market is categorized into B2B and B2C. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY FINDINGS OF THE STUDY

By nature, conventional murumuru butter was the highest contributors for the market in 2021, and is anticipated to grow at a significant CAGR of 8.3% during the forecast period.
By end user, the haircare segment is expected to witness growth at a CAGR of 9.1%, in terms of value, during the forecast period.
By distribution channel, the B2C segment is anticipated to witness growth at a CAGR of 8.9% during the forecast period.
Region-wise, North America was the dominant region in 2021, occupying more than half of the murumuru butter market share
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