The Asia Pacific Murumuru Butter Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
The anti-inflammatory qualities of murumuru butter aid in calming irritated or sensitive skin while locking in moisture. When applied as a massage lotion, these characteristics also aid in relieving tense muscles. As a result, murumuru butter works wonders as a restorative component in skincare products. It is an excellent treatment for small skin injuries, including superficial cuts and burns, as well as for eczema and psoriasis. It also nourishes and heals damaged skin.
The expansion of the murumuru butter market is being fueled by factors including an increase in cosmetic demand brought on by busy lifestyles, a rise in applications for murumuru butter, and an emergence in technological developments. Additionally, an increase in demand for butter from offline and online retailers also aid in the expansion of the market. Furthermore, a transformation in the standard of living of the customers, as well as a rise in the per capita household incomes, have contributed to the introduction of novel goods. The rising presence of new competitors throughout the forecast period bode well for the market as well.
In the previous two to three years, urban generation Z and millennial consumers, in particular, have shown an increasing interest in cosmetic surgery among Asian consumers. Before gradually transferring to China and the ASEAN markets, the tendency first appeared in mature economies like Japan and South Korea. But since, the cosmetic surgeries tend to be little expensive, the demand for high-end products that can prevent the need for surgeries is increasing significantly. As murumuru butter is well known for its numerous benefits, a larger proportion of the population has been demanding murumuru products. The market for murumuru butter is expanding as people become more aware of skin and hair issues.
The China market dominated the Asia Pacific Murumuru Butter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $132 Million by 2028. The Japan market is registering a CAGR of 7.7% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 9.5% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on End User, the market is segmented into Skin Care, Hair Care, and Lip Care. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Murumuru Butter Market is Projected to reach USD 1.3 Billion by 2028, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beraca Ingredientes Naturais SA (Clariant Group), Vigon International, LLC. (Azelis Company), Citróleo Groups, Jarchem Innovative Industries LLC (Vertellus Holdings LLC), Lush Retail Ltd., Crafters Choice Brands, LLC, O&3 Limited, Hallstar Innovations Corp., Natural Sourcing Company, and Parchem – Fine & Specialty Chemicals.
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