Global Shea Butter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Shea Butter Market Overview:
The Shea Butter Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
The Shea Butter Market report offers in-depth insights, revenue details, and other vital information regarding the global shea butter market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Shea Butter Market report offers insightful and detailed information regarding the various key players operating in the global shea butter market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global shea butter market report has been segmented on the basis of type, application, and region.
Shea butter is a fat that is extracted from nuts of the African shea tree named Vitellaria paradoxa.
The process of extracting shea butter from nuts involves various processes such as cracking, crushing, roasting, grinding, separating the oils, and collecting and shaping the products. Shea butter is solid, usually yellow in color, and has various uses in end-use industries such as food and cosmetics.
This is because of the high content of vitamin A and E in shea butter which helps improve skin condition, wrinkles, and dermatitis, and is also helpful in various hair-related products.
The increasing inclination of consumers toward natural products such as shea butter, and rising demand for shea butter from various end-use industries such as cosmetics and food & beverages are key factors driving the global shea butter market growth.
In addition, around 80% of shea butter demand is expected to be from the confectionery industry – providing chocolate manufacturers with an alternative to cocoa butter, shea butter is also used in pancakes and toasts due to its rich flavor which are major factors contributing to the growth of the global shea butter market.
However, the high cost of shea butter products is a key factor restraining the growth of the global shea butter market.
Additionally, the availability of a number of substitutes for shea butter in the market that are cost-effective, and easily available for customers are other major factors expected to restrain the growth of the global shea butter market over the forecast period.
Currently, the market in North America dominates the global shea butter market in revenue terms owing to the high rate of adoption of shea butter products among various end-users, and rising demand for cosmetic products that contain natural ingredients such as shea butter.
Europe is currently the second-highest market in terms of revenue, owing to the increasing use of shea butter products among end-users in the region, and high disposable income.
The market in the Asia Pacific is projected to have the fastest growth in terms of revenue, owing to the increasing demand for cosmetic products containing natural ingredients in countries in the region.
Shea Butter Market Segmentation:
Shea butter market segmentation by type
- Raw and unrefined Shea butter
- Refined Shea Butter
Shea butter market segmentation by application
Shea butter market segmentation by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ghana Nuts Ltd
- Shea Radiance
- VINK CHEMICALS GMBH & CO. KG
- Wuxi Huadong Cocoa Food Co., ltd
- Empower Village, LLC
- Shealan Natural Organics Cosmetics
- My Shea Limited
- YaaNe Enterprise
- Shealan Cosmetics
- Dydon UK Limited
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