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Murumuru Butter Market Size Is Likely To Reach a Valuation of Around $1.8 Billion by 2031
Murumuru Butter Market
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Top Key Players In Murumuru Butter Market:
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 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
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.
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