Demand for Murumuru Butter Market Size to Hit USD 1.8 Billion Globally, by 2031 at 8.4% CAGR | AMR

According to a new report published by Allied Market Research, titled, "Murumuru Butter Market," 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.Murumuru butter is made from the fruit and fat of murumuru nuts. Nuts fall from tall palm trees that grow everywhere in moist soil and moist pools. They are usually made in Belem at the mouth of the Amazon and are abundant there.

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Regional Outlook:

In 2021, North America accounted for more than half the share of the global murumuru butter market and is expected to maintain its dominance during the forecast period. Moreover, Asia-Pacific and LAMEA are expected to possess the highest CAGRs, owing to the surge in demand for cosmetics products in the market.

Top Key Companies Included:

The major players analyzed for the global murumuru butter industry 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 . These major market players have adopted various strategies such as collaboration to expand their market reach. The new market players are also entering the market with the latest and advanced versions of murumuru butter products.

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Key finding 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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Surge in demand for cosmetics due to hectic lifestyles, increase in the use of murumuru butter, rise in technological advancements, and surge in demand for murumuru butter from the retail industry and online sites are factors driving the growth of the global murumuru butter market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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