Murumuru Butter Market

Murumuru Butter Market Growth and Forecast (2022-2027):

The Global Murumuru Butter Market size was estimated at USD xx.x million in 2021 and is anticipated to reach over USD xx.x million, progressing at a CAGR of x.xx% throughout the forecast period 2022 - 2027.

Market Overview:

Murumuru butter is derived from the seeds of the murumuru palm, which grows in Brazil. The tree is an important source of food and materials at the local level. This contributes to the economic growth of the region. Traditionally, the seeds of the murumuru palm were used to soften and protect hair. Murumuru butter is odorless and white to yellowish in color. It is similar to tucuma butter and is a great combination. Murumuru butter is used in hair and skin creams, lotions, and lip balms. Murumuru butter seed has anti-inflammatory properties that not only soothes and softens the skin, but also locks in moisture from the skin. Therefore, it is also used as a massage gel. The anti-aging properties of this butter improve skin damage and elasticity. Additionally, it has antiviral, antibacterial, and antiseptic properties that help protect and heal skin conditions such as psoriasis and eczema.

Recent Developments in Murumuru Butter Industry:

• In January 2018, Unilever launched the “Love Beauty and Planet” brand, which is also an eco-responsible beauty brand. Under this brand, the company's products are divided into six categories such as murumuru and rose butter, argan and lavender oil, tea tree and vetiver oil, coconut and ylang-ylang, shea and sandalwood butter, coconut water, and mimosa flower.

REPORT COVERAGE:

Market Drivers and Restraints:

Cosmetics manufacturers began to harness the power of murumuru butter to achieve a largely modest level of expansion in the cosmetic industry. The rise in positive customer perception of using products that provide multiple benefits, along with perfect skin and body, is driving demand for murumuru butter among manufacturers in the cosmetic and personal care industry. Murumuru butter is used in hair care, skin care, lotions, and color cosmetics, among other products, due to its various functionalities. It acts as an emollient, surfactant, and bioactive in various cosmetics and personal care products. The companies in cosmetics and personal care business are focusing on improving their business share in the skin care industry with the launch of novel products that have ingredients like murumuru butter. One of the main factors driving the demand for murumuru butter is growing consumer concern for hair and skin health. Murumuru butter locks in moisture in the skin and soothes sensitive skin with its natural anti-inflammatory properties. It also soothes tight muscles when applied as a massage cream. Murumuru butter is also beneficial as a healing ingredient in skin care products. It is one of the best treatments for skin conditions such as 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 known for its high vitamin A content and has been praised for its anti-aging properties and its ability to repair damaged skin. Factors such as the rise in skin allergies and changes in lifestyles are shaping consumer demand, prompting companies to develop skin care and personal care products made with murumuru butter, increasing market boom.

Murumuru Butter Market Segmentation Analysis:

The global murumuru butter market can be divided based on Nature, Form, and Application.  The market segmentation based on Nature can be divided into Conventional and Organic. The market segmentation based on Form can be divided into Powder and Oil.

The market segmentation based on the Application can be divided into Makeup Foundations, Hair Conditioners, Bar Soaps, Balms, Lotions, Creams, and Others.

Impact of COVID-19 on Murumuru Butter Market

Murumuru is grown only in the vegetation of the Brazilian Amazon rainforest and is widely used in the cosmetic industry for the production of various products, including skin care, sun care, color cosmetics, and other products of beauty. The global cosmetics and personal care industry is affected by the coronavirus. The pandemic has had a negative impact on the value chain and supply chain of various industries. Since murumuru butter is only grown in Brazil, it is imported by other countries and manufacturers for the production of finished murumuru butter products. Due to the coronavirus outbreak, the governments of several nations have temporarily halted their import and exports, which is having a strong impact on the market of murumuru butter.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The global Murumuru Butter market has been categorized based on geography to offer a clear understanding of the international marketplace, and the worldwide market has been studied in the regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Murumuru butter is expected to have a significant market share in Latin America, as it is the native fruit of the Amazon rainforest. The cosmetic industry in this region is experiencing significant growth with the increasing demand for more natural products. Murumuru butter is a natural ingredient used by various cosmetic manufacturers to develop innovative new products. North America also has increasing traction in the murumuru butter market due to its moisture-blocking properties. The East Asian market is supposed to retain significant market share as market players in these regions focus and invest in new formulations and product launches. The European market is likely to increase imports of murumuru butter, contributing to further market growth.

Key Playersin the Market:

Major Key Players in he Global Murumuru Butter Market are

• Citróleo Groups
• Beraca Ingredientes Naturais SA
• O&3
• Henry Lamotte Oils GmbH
• Jarchem Industries Inc
• Hallstar