Global murumuru butter market Research report presents an in-depth analysis of the murumuru butter market size, growth, share, segments, manufacturers, forecast, competition landscape, and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future roadmap, revenue, and forecast. Moreover, this research report categorizes the global Market by companies, region, type, and end-user industry.
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.
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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 , O3 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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