Murumuru Butter Market: Introduction
A recent study published by Transparency Market Research on the murumuru butter market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global murumuru butter market is valued at ~US$ 1 Bn in 2020, which is estimated to rise at a CAGR of ~7.9%, to reach US$ 3 Bn by 2030.
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Increasing Demand for Skin Care and Hair Care Products to Bolster Market Growth
The growing concern regarding health of hair and skin among consumers is one of the main factors boosting the demand for murumuru butter. Murumuru butter seals moisture in the skin and soothes sensitive skin due to its natural anti-inflammatory properties. It also relieves strained muscles when applied as a massage cream. Murumuru butter is also beneficial as a remedial ingredient in skincare products. It is one of the best treatments for skin conditions, including psoriasis and eczema, in addition to healing and nourishing cracked skin or minor skin wounds such as superficial cuts or burns. Murumuru butter is also well known for high Vitamin A content and has been valued for its anti-ageing property and capability to repair damaged skin. Factors including growing skin allergies and changing lifestyles shape consumer demands, which influence companies to develop murumuru butter-based (natural ingredients) skin and personal care products.
Cosmeceuticals: A Lucrative Sector for Players Offering Murumuru Butter
As a highly cost-effective emollient and cosmetic ingredient, murumuru butter has a robust demand from players in the cosmeceutical industry. High miscibility with moderate-polar and non-polar drugs permits the use of murumuru butter in the pharmaceutical and cosmetics industries. Besides, murumuru butter is cost-effective as compared to other ingredients that are used in dermal care products. Thus, murumuru butter has excellent prospects in the cosmeceutical industry.
Impact of COVID-19: Global Murumuru Butter Market
Murumuru is grown only in the Amazon Rainforest vegetation of Brazil and is widely used in the cosmetics industry for the production of various products, including skin care, sun care, colour cosmetics, and other beauty products. The global cosmetics and personal care industry is affected due to the outbreak of COVID-19. The World Health Organization acknowledged it as pandemic on March 11, 2020; this outbreak has adversely impacted the value chain and supply chain of several industries. As murumuru butter is only grown in Brazil, it is imported by other countries as well as manufacturers for the production of murumuru butter-based end products. Due to the outbreak of COVID-19, governments of several countries have restricted the import-export of products, which is impacting the murumuru butter market.
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Murumuru Butter Market: Segmentation
Murumuru Butter Market by Nature
- Organic
- Conventional
Murumuru Butter Market by Grade
- Unrefined
- Refined
- Highly Refined
Murumuru Butter Market by End Use
- Skin Care
- Hair Care
- Cosmetics
- Sun Care
- Retail/Household
Murumuru Butter Market by Distribution Channel
- B2B
- B2C
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Murumuru Butter Market by Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- EU-4
- U.K.
- BENLUX
- Nordic
- Eastern Europe
- Rest of Europe
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- Asia Pacific excluding Japan
- India
- China
- ASEAN Countries
- Australia
- Rest of APEJ
- Japan
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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