According to a new report, published by KBV research, The Global Murumuru Butter Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 7.5% CAGR during the forecast period.
The Organic market is showcasing a CAGR of 11.2% during (2022 - 2028). Growth is attributable to the widespread sale of processed organic goods with shampoos, lotions, body butter, conditioners, and other items. Organic ingredients have been grown without pesticides, synthetic fertilizers, or synthetic chemicals. Astrocaryum murumuru nuts are first cold-pressed to produce murumuru butter, then refined to remove undesirable qualities. It stands out in its composition for the high quantity of lauric acid as well as carotenoids.
The B2B market is generating the highest revenue in the Global Murumuru Butter Market by Distribution Channel in 2021, thereby, achieving a market value of $857.5 Million by 2028. In B2B, the companies are dedicated to building a good personalized connection with other parties to the purchase. The demand for the inclusion of murumuru butter in products like shampoos, creams, and massage oils prompt increased usage of this butter by the market participants. As a result, manufacturers tend to buy murumuru butter in bulk from their wholesaler. Therefore, the higher demand for products, including murumuru butter, propels the segment's growth.
The Hair Care market has shown the high growth rate of 7.9% during (2022 - 2028). High moisture levels are locked in by murumuru butter for hair's protective and nourishing qualities. Murumuru butter is an excellent component of hair conditioners, shampoos, and pomades as a rich emollient for hair to promote deep moisturization. It softens while retaining moisture, keeping hair lustrous and wholesome.
The North America market dominated the Global Murumuru Butter Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $451 Million by 2028. The Europe market is anticipated to grow at a CAGR of 6.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 8.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/murumuru-butter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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