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Research Reports

The global marula oil market is set to accelerate a value CAGR of 6.3% and top a valuation of US$ 89 Mn by 2031. Demand for marula oil to be used in cosmetics and personal care products is rising rapidly due to its natural and versatile nature. The fact that marula oil-containing products are valued way more than other products is a great opportunity for market players to benefit from the enormous beauty industry, which accounts for over three-fourth share in this market.

Cold pressed virgin marula oil is highly sought-after by end use industries across geographies. Europe leads the global market with over one-third market share, with high utilization of marula oil in both, cosmetic products as well as numerous other daily-use items. However, the seasonal nature of the marula fruit, which is available for harvesting for just 2 to 3 months a year, can eventually hinder the production and supply of marula oil to end-use industries. Besides, the fruit is also prone to various diseases. As such, manufacturers need to set their supply chain in order so as to ensure seamless operations all year round.

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Market Developments

Key manufacturers of marula oil are utilizing modern technologies for its processing.

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