Global Shea Butter Market 2020-2027 | Know about Emerging Growth with Top Players like Empower Village LLC., J.A.M. Distributing Company, Bulk Apothecary, Pameri Organic Malaysia Sdn Bhd

Global Shea Butter Market research report is a painstaking investigation of the current scenario of the market and future estimations which covers several market dynamics. The report is a great resource, which provides current and upcoming technical and financial details of the industry. A team of enthusiastic analysts, skilled researchers, and experienced forecasters work meticulously to generate such kind of market report. The research and analysis performed in this Global Shea Butter Market report with consistent knowledge gives businesses a clear idea of what is already available, what the market expects, the competitive environment, and what can be done to outshine the competitor.

Market Analysis: Global Shea Butter Market

shea butter market is projected to rise to USD 2.73 billion by 2026, undergoing growth with a substantial CAGR in the forecast period of 2019-2026. The growth of the market is because of its usage in skin and hair products such as lip gloss, moisturizers, and hair conditioner which are few of the dominant applications of shea butter. Shea butter melts at body temperature, which makes it an excellent base for ointments used in the treatment of itching and skin swelling such as eczema. Few of the major competitors currently working in the shea butter market are Empower Village LLC., J.A.M. Distributing Company, Bulk Apothecary, Pameri Organic Malaysia Sdn Bhd, Vermont Soap, Baraka Shea Butter, Maison Karite, Vink Chemicals GmbH & Co. KG, savannahfruits.com, Cargill, Incorporated, Clariant, Aos Product Pvt. Ltd., Timiniya Tumna Company, Jedwards International, Inc., shebuindustriesltd.com, Akoma Cooperative Multipurpose Society, Ghana Nuts Company Limited, Aethon-International, The Organic Shea Butter Company amongst others.

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Key Developments in the Market:

In March 2018, Bunge Limited has completed its acquisition of IOI Loders Croklaan. With this, Bunge is expected to become a global leader in business to business consumers in the food processing industry for bakery, chocolates, confectionary, nutrition and food service segments. This acquisition would merge Bunge's existing edible oils portfolio with Loaders speciality products from tropical feedstock like shea butter, palm, coconut and several others.

In November 2017, Sundial was acquired by Unilver. Sundial Brands is one of the largest personal care products company, with brands which use shea butter as their main ingredient in the manufacturing of their products. With this acquisition, Unilever would continue to grow its business and would cater to the use of shea butter in their products. This acquisition would thus enhance the use of shea butter by global leading brands, and would further lead to the global growth of shea butter market.

Competitive Analysis: Global Shea Butter Market

Global shea butter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shea butter market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Market Definition: Global Shea Butter Market?

Shea butter is a type of vegetable fat extracted from the nut of an African tree. It is widely used as a beauty product in cosmetics industry for skin and hair related products, in lip gloss, skin lotions, hair conditioners etc. It acts as an incredible skin moisturiser. It has a high content of vitamins and fatty acids, which are deemed fit for smoothening, soothing and moisturising the skin. Shea butter is also used in food preparation as an alternative to animal butter and vegetable oil. It also extensively used as an alternative to cocoa butter, in making of chocolates and confectionaries.

Market Drivers:

The rising prices of cocoa butter compel manufacturers to use shea butter as an alternative to cocoa butter in chocolates and confectionaries
Shea butters increased applicability in bakery products and in the food industry
Shea butter is extensively used in the cosmetics industry, manufacturers are introducing new and innovative products into the market containing shea butter
The growing awareness of the benefits of using shea butter
The increasing ageing population, leads to an increased demand for anti-ageing products which contain shea butter

Market Restraints:

Large variety of substitutes to shea butter are available in the market, such as mango butter, shea oil, avocado butter, and cocoa butter which can restrain it's growth
The level of industry organisation is still lagging and there are not set standards or the quality of the product which restrains the growth of this market

Table of Contents-Snapshot

- Executive Summary
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source

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Key Highlights of Report

Overview of key market forces propelling and restraining market growth
Offers a clear understanding of the competitive landscape and key product segments
An analysis of strategies of major competitors
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Provides profiles of major competitors of the market.
Details of their operations, product and services.
Recent developments and key financial metrics.

Segmentation: Global Shea Butter Market

By Distribution Channel

Specialty Stores
Online Stores
Supermarket
Convenience Stores
Hypermarket
Others

By End-User

Pharmaceuticals & Medical
Cosmetics & Personal Care
Lotions & Creams
Lip Balm & Lipsticks
Sun Care Products
Soaps & Toiletries
Cleaners
Shampoo & Conditioners
Others
Food Processing
Bakery
Chocolate & Confectionery
Ice Cream
Others
Retail
Others

By Grade

Grade A (Unrefined)
Grade B (Refined)
Grade C (Highly Refined)
Grade D
Grade E

By Nature

Organic
Conventional

By Species

Vitellaria Nilotica
Vitellaria Paradoxa

By Certification

Certified
Uncertified

Key Insights in the report:

Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure

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