Marula Oil Market Definition
Marula oil is extracted from soft kernel seeds and hard shell which is the outer part of the Marula fruit, and it is majorly found in South Africa. The Marula oil consists of protein, amino acids, widely used in skincare, haircare, and cosmetic products. It has a very strong and appealing smell so it is also used in the perfumes and floral scent, lotions, soaps, etc.
The market study is broken down by Type (Cold Pressed Oil and Cold Processed Virgin Oil), by Application (Skin Care Products, Hair Care Products, Cosmetic Products and Others) and major geographies with country level splits.
Marula Natural Products (Pty) Ltd (South Africa), African Botanics (United States), Lonza Group Ltd (Switzerland), Natural Sourcing LLC (United States), ROK Stars (United Kingdom), Acure Organics (United States), Shiseido Company, Limited (Drunk Elephant) (Japan), DLG Naturals (United States), Marula Guys (South Africa) and African Exotic Oils (South Africa) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Marula Oil market by Type, Application and Region.
On the basis of geography, the market of Marula Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Marula Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Marula Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Soft Kernal Seed will boost the Marula Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 6th November 2019, Shiseido Americas Corporation subsidiary of Shiseido Company, Limited, announced its acquisition of Drunk Elephant Holdings, LLC. As a result of this transaction, Shiseido Group acquired Drunk Elephant, a brand that is expanding its best-in-class presence in the “Clean” market where the United States is leading. Drunk Elephant is a prestige skincare brand that strongly resonates with a diverse consumer base across demographics and genders, including younger generations of Millennials and Generation Z consumers.
- Rising Consumption of Marula Oil for Treating Aging Skin and Also Acne Skin
- E-commerce Availability of Marula Oil
- Growing Health Awareness Among People
- Increasing Number of Skin Related Problems
- Demand for Marula Oil as Cooking Oil Because of it Healthy Properties
- Surging Spendings of People in Personal Care Products will Boost the Marula Oil Market
- High Cost Associated with the Marula Oil Products
- Adverse Reaction of Marula Oil on Some People
- Availability of Substitute Products with Lower Prices and Lack fo Quality
Key Target AudienceMarula Oil Manufacturers, Marula Oil International Traders, Marula Oil Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream ad Downstream Buyers and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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