Shea Butter Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview:
Shea Butter Market is expected to grow at a CAGR of 5.6% during the forecasting period (2023-2030).
Shea Butter is derived from Karite Tree which is extensively grown in the Savannah regions of West Africa.
The key health benefits associated with shea butter include reducing Inflammations, Skin Smoothing, and high moisturizing content. The raw shea butter is used to rectify a variety of skin conditions such as eczema, dermatitis, psoriasis, minor skin irritations, extreme dryness, stretch marks, burns, cuts, and many other similar conditions.

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Market Dynamics:
1. Increasing utilization of shea butter as an ingredient in the production of cosmetics & personal care products and chocolates is the primary factor driving the global shea butter market.
2. Increasing government/regulatory approvals towards human consumption of shea butter and the presence of similar properties as palm oil are expected to boost food-related consumption of shea butter during the forecast period.
3. Increasing government regulations towards decreasing the plantation and production of palm oil are further expected to boost huge demand for shea butter during the forecast period.

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Market Segmentation:
• By Product
o Raw Shea Butter*
o Refined Shea Butter
o Processed Shea Butter
• By End-Use Industry
o Food *
o Cosmetics
o Others
• By Distribution Channel
o E-Commerce Stores*
o Supermarkets & Hypermarkets
o Specialty Stores
o Others

Company Profiles
1. Now Foods*
2. The Organic Shea Butter Company
3. Eu'Genia Shea
4. New England Shea Butter LLC
5. Sekaf Ghana Ltd
6. The Savannah Fruits Company
7. Ghana Nuts Company Limited
8. Timiniya Tumna Company
9. AKOMA Corporative Multipurpose Society

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