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The size of the shea butter market in 2022 was estimated at 1.15 billion dollars. The global shea butter market is expected to increase from USD 1.19 Billion in 2022 to USD 1.89 Billion by 2030, representing a CAGR of 7.89% between 2023 and 2030. Key market drivers boosting market expansion include rising use in expanding industries including cosmetics, pharmaceuticals, and food & beverages, as well as increased use in skin treatment.
Shea butter is a natural, vegetable oil that comes from the nut of the African tree Vitellaria paradoxa and has a pale yellow to ivory color. Saturated and unsaturated fatty acids, vitamins E, A, and F, and beta-carotene are all found in the nozzle. Collagen production is boosted by vitamins A and E, which also have a calming and moisturizing effect on the skin. Hair and skin moisturizing products might have a solid foundation in shea butter. It is widely used in cosmetics as a moisturizer, salve, or lotion due to its well-documented ability to counteract the drying and itching that can result from exposure to the elements. The rising demand for cosmetics across all age groups is likely to boost the shea butter market over the forecast period. However, the rise of the cosmetic shea butter market is constrained by the availability of alternatives in the cosmetics industry, such as mango butter and shea oil.
The countries of West, Central, and East Africa, such as enin, Burkina Faso, Cameroon, the Central African Republic, Chad, Ethiopia, Eritrea, Ghana, Guinea Bissau, the Ivory Coast, Mali, Niger, and Nigeria, are major producers of shea butter. The cosmetics and chocolate industries are two of the most important consumers of shea butter in the United States and the European Union.
The cosmetics, food, and drug industries all make extensive use of shea butter. Improved nourishment and hydration for the skin and hair are among its many benefits. In addition, it can be applied to the skin to alleviate the symptoms of a rash, eczema, bug bites, or poison ivy. In addition to smoothing out rough spots, it helps diminish the appearance of fine lines and wrinkles.
The spread of the virus COVID-19 has stunted the expansion of the shea butter industry. Poor logistics, traffic control, and restrictions on public movement in the affected countries worldwide threaten supply disruptions in the shea nut supply, one of the major parts in the value chain of the shea butter market. The worldwide shea butter business has been hit hard by the trade restrictions imposed by various countries to combat the spread of the deadly COVID-19 virus.
Due to rising consumer interest in multipurpose products, the cosmetics industry has begun to experiment with new ways of incorporating shea butter into their products. It's also in baby oil, skin cream, hair conditioner, and makeup for the eyes and lips. The versatility of shea butter is expected to fuel industry growth over the next seven years. In June 2022, for instance, a company called Beurre Shea Butter Skincare introduced a collection of goods whose main selling point was the use of shea butter to calm and preserve the skin.
Demand for baked goods and confections, as well as alternatives to cocoa butter, are expected to drive the market's growth in the coming years. Shea butter is used in numerous baked goods, including puff pastry, pastries, and chocolates. For instance, in December 2020, Bunge Loders Croklaan introduced shea-based butter to its chocolate confections in response to rising consumer demand for more environmentally friendly food options. These factors are expected to propel the market growth of this category over the forecast period.
Report Coverage
Global Shea Butter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shea Butter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shea Butter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shea Butter market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shea Butter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shea Butter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), Cargill Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophim S.A (France), Shea Radiance (US), The Organic Shea Butter Company (US), The Savannah Fruits Company (Ghana), Shebu Industries, ADM, Bunge Ltd., Stern-Wywiol Gruppe GmbH & Co. KG, Ghana Nuts Ltd, FUJI OIL HOLDINGS INC, 3F Industries Ltd, Akoma Cooperative, AAK AB, StarShea, among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shea Butter market based on the below-mentioned segments:
Global Shea Butter Market, By Type
Raw & Unrefined
Refined & Ultra-Refined
Global Shea Butter market, By Application
Food
Cosmetics
Global Shea Butter market, Regional Analysis
Shea butter is a natural, vegetable oil that comes from the nut of the African tree Vitellaria paradoxa and has a pale yellow to ivory color. Saturated and unsaturated fatty acids, vitamins E, A, and F, and beta-carotene are all found in the nozzle. Collagen production is boosted by vitamins A and E, which also have a calming and moisturizing effect on the skin. Hair and skin moisturizing products might have a solid foundation in shea butter. It is widely used in cosmetics as a moisturizer, salve, or lotion due to its well-documented ability to counteract the drying and itching that can result from exposure to the elements. The rising demand for cosmetics across all age groups is likely to boost the shea butter market over the forecast period. However, the rise of the cosmetic shea butter market is constrained by the availability of alternatives in the cosmetics industry, such as mango butter and shea oil.
The countries of West, Central, and East Africa, such as enin, Burkina Faso, Cameroon, the Central African Republic, Chad, Ethiopia, Eritrea, Ghana, Guinea Bissau, the Ivory Coast, Mali, Niger, and Nigeria, are major producers of shea butter. The cosmetics and chocolate industries are two of the most important consumers of shea butter in the United States and the European Union.
The cosmetics, food, and drug industries all make extensive use of shea butter. Improved nourishment and hydration for the skin and hair are among its many benefits. In addition, it can be applied to the skin to alleviate the symptoms of a rash, eczema, bug bites, or poison ivy. In addition to smoothing out rough spots, it helps diminish the appearance of fine lines and wrinkles.
The spread of the virus COVID-19 has stunted the expansion of the shea butter industry. Poor logistics, traffic control, and restrictions on public movement in the affected countries worldwide threaten supply disruptions in the shea nut supply, one of the major parts in the value chain of the shea butter market. The worldwide shea butter business has been hit hard by the trade restrictions imposed by various countries to combat the spread of the deadly COVID-19 virus.
Due to rising consumer interest in multipurpose products, the cosmetics industry has begun to experiment with new ways of incorporating shea butter into their products. It's also in baby oil, skin cream, hair conditioner, and makeup for the eyes and lips. The versatility of shea butter is expected to fuel industry growth over the next seven years. In June 2022, for instance, a company called Beurre Shea Butter Skincare introduced a collection of goods whose main selling point was the use of shea butter to calm and preserve the skin.
Demand for baked goods and confections, as well as alternatives to cocoa butter, are expected to drive the market's growth in the coming years. Shea butter is used in numerous baked goods, including puff pastry, pastries, and chocolates. For instance, in December 2020, Bunge Loders Croklaan introduced shea-based butter to its chocolate confections in response to rising consumer demand for more environmentally friendly food options. These factors are expected to propel the market growth of this category over the forecast period.
Report Coverage
Global Shea Butter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shea Butter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shea Butter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shea Butter market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE (Germany), Cargill Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophim S.A (France), Shea Radiance (US), The Organic Shea Butter Company (US), The Savannah Fruits Company (Ghana), Shebu Industries, ADM, Bunge Ltd., Stern-Wywiol Gruppe GmbH & Co. KG, Ghana Nuts Ltd, FUJI OIL HOLDINGS INC, 3F Industries Ltd, Akoma Cooperative, AAK AB, StarShea, among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Shea Butter Market from 2021 to 2030.
- Market Forecast for Shea Butter Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Shea Butter competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Shea Butter
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shea Butter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shea Butter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE (Germany), Cargill Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophim S.A (France), Shea Radiance (US), The Organic Shea Butter Company (US), The Savannah Fruits Company (Ghana), Shebu Industries, ADM, Bunge Ltd., Stern-Wywiol Gruppe GmbH & Co. KG, Ghana Nuts Ltd, FUJI OIL HOLDINGS INC, 3F Industries Ltd, Akoma Cooperative, AAK AB, StarShea, among others.
Primary Target Market
- Market Players of Shea Butter
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shea Butter market based on the below-mentioned segments:
Global Shea Butter Market, By Type
Raw & Unrefined
Refined & Ultra-Refined
Global Shea Butter market, By Application
Food
Cosmetics
Global Shea Butter market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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