Shea Butter Market size was valued at US$ 1.30 Billion. in 2022 and it is expected to reach US$ 3.07 Bn. by 2029, at a CAGR of 13.1% though the forecast period.

Shea Butter Market

Shea Butter Market Report Scope and Research Methodology

The meticulously compiled report presents an in-depth analysis of the Shea Butter market, providing stakeholders with a comprehensive overview of its current and future trajectory. Utilizing a rigorous research methodology, the report delves into market trends, challenges, and opportunities. The research spans from the year 2018 to 2022, incorporating real data, and extends the forecast horizon to 2029.

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Shea Butter Market Dynamics?

The escalating demand for Shea butter is underpinned by its multifaceted utility. As an economical substitute for cocoa butter in various applications, including bakery and confectionery, the market is witnessing a surge in demand. Its adaptability in changing melting curves, superior shelf life, and cost-effectiveness makes it a preferred choice among manufacturers. Additionally, the expanding trend toward large-scale bakeries, artisanal bakeries, and cafe chains further propels market growth.
Shea butter's wide-ranging benefits also extend to cosmetics, where it serves as an excellent base due to its exceptional melting properties, smooth spreadability, and therapeutic attributes. The personal care and cosmetics sector is experiencing an upswing in demand for shea butter, driven by a diverse range of consumer needs and product innovations. Furthermore, the market is buoyed by the growing popularity of shea butter-derived diet aid products among millennials, along with its potential pharmaceutical applications.

Shea Butter Market Regional Insight?

The Shea Butter market landscape varies across regions. In 2022, the Middle East and Africa claimed the dominant market share of 39%, fueled by rapid urbanization, increasing disposable income levels, and abundant raw material supply. Europe is positioned for growth, with a projected CAGR of 7.5% through the forecast period, driven by the region's leadership in the global cosmetics industry and high consumption of chocolate and bakery products.
The comprehensive report serves as an invaluable resource for industry stakeholders, providing insights into market dynamics, competitive analysis, and growth prospects. With a focus on key players, market leaders, followers, and new entrants, the report empowers decision-makers with a futuristic view of the industry.

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Shea Butter Market Segmentation?

by Product
Raw and unrefined
Refined and ultra-refined.
In terms of product, the Raw and Unrefined segment held a 75% market share in 2022. Due to the advantages of unrefined or cold-pressed oils, consumer demand for less processed oils is rising. For instance, unpurified shea butter helps the skin produce collagen and stimulates the tissue, keeping the skin looking fresh. It contains calming, nourishing, and hydrating qualities that are good for dry, damaged skin and hair. It aids in reducing inflammation and is a chemical-free substitute for many cosmetics. Because of its property, raw, unrefined shea butter aids in the treatment of rashes, stretch marks, frostbite, psoriasis, cracked lips, acne, anti-aging, and dry, itchy skin. These elements are fueling the market for shea butter segment expansion.

by Application
Personal care and Cosmetics
Food and Beverages
Others
Personal care and cosmetics held a 40% market share by application in 2022. The high level of product demand in this industry is what has led to this expansion. To develop new, better shea butter-based products for the market, cosmetic companies are heavily spending in research and development. It is made of ester resins, which are suggested for cleaning, treating, and protecting injured skin from the sun. rising demand for skincare and anti-aging goods. These elements are fueling the segment's market expansion.

by Nature
Organic
Conventional
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Shea Butter Market Key Players?
1.Ghana Nuts Ltd
2.Maison Karite Sociedad Limitada
3.Adunni Ori Ltd.
4.Timiniya Tuma Company Ltd.
5.Savanna Shea Industries
6.Star Shea Ltd
7.Shea Radiance
8.VINK CHEMICALS GMBH & CO. KG
9.Jedwards International Inc.
10.IOI Loders Croklaan
11.Agrobotanicals LLC;
12.Lovinah Naturals
13.Maison Karite Sociedad Limitada
14.Shebu Industries
15.Shea Therapy Ltd

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Table of content for the Shea Butter Market includes:

1. Global Shea Butter Market: Research Methodology

2. Global Shea Butter Market: Executive Summary


• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Shea Butter Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Shea Butter Market Segmentation

• Global Market, by Product Type (2022-2029)
• Global Market, by Distribution Channel (2022-2029)
• Global Market, by Functionality (2022-2029)

5. Regional Shea Butter Market(2022-2029)

• Regional Market, by Product Type (2022-2029)
• Regional Market, by Distribution Channel (2022-2029)
• Regional Market, by Functionality (2022-2029)
• Regional Market, by Country (2022-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:


• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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