Murumuru Butter Market Is Booming Worldwide With 8.4% CAGR

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. Similar to coconut oil, murumuru butter is known for its nutritious properties and it has multiple benefits for skin, hair, and lips. Murumuru butter is an effective moisturizing ingredient for dry and rough skin as an exceptional emollient

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The availability of murumuru butter on any kind of online site, supermarket, hypermarkets, or cosmetics store is predicted to boost the global murumuru butter market. The murumuru butter entices customers with its wide range of products, propelling the global murumuru butter market. Furthermore, murumuru butter offers not only skin or air problems but also produces lots of makeup products, such as contour, and concealer, which contribute to the market growth.

Top Key Players:

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.

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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