Press release
Shea Butter Market Analysis 2024-2030: Strong Growth at 13.1% CAGR
Shea Butter Market
The Shea Butter Market, valued at USD 1.47 billion in 2023, is projected to reach a staggering USD 3.48 billion by 2030, growing at an impressive CAGR of 13.1% throughout the forecast period. This article offers an in-depth analysis of the factors driving the market, its challenges, and emerging opportunities.
Shea butter is a versatile, edible vegetable oil extracted from the nuts of the African shea tree. Known for its rich content of magnesium, potassium, and proteins, shea butter boasts multiple applications in food, cosmetics, and pharmaceuticals. Its unique composition, including ester resins, makes it a favored ingredient for skin repair, cleansing, and sun protection.
๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ง๐ค ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐:https://www.maximizemarketresearch.com/request-sample/23770/
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐จ๐๐จ๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ
Shea butter is increasingly used as a cost-effective substitute for cocoa butter in products like chocolates, biscuits, and ice creams. Its similar fat composition makes it highly suitable for these applications, offering functional and economic benefits. For instance, global confectionery brand Hershey's has incorporated shea butter as a Cocoa Butter Equivalent (CBE) in products like cookies and cream chocolates.
๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
In the personal care and cosmetics industry, shea butter is valued for its exceptional moisturizing, anti-inflammatory, and anti-aging properties. With the growing popularity of natural and sustainable skincare products, shea butter has become a key ingredient in lotions, creams, and sunscreens. Additionally, increased online beauty spending and innovations in cosmetic formulations are further driving demand.
๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ
The pharmaceutical industry is also harnessing shea butter for its therapeutic benefits, such as reducing cholesterol, alleviating arthritis symptoms, and aiding in digestive health. These factors contribute to the product's rising prominence in this sector.
๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
Despite its numerous advantages, the market faces challenges such as competition from alternatives like mango butter and avocado butter. Additionally, the high latex content in shea butter poses allergenic risks to sensitive consumers, potentially hampering its growth in specific demographics.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ (๐๐จ ๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ [๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ + ๐๐๐]) : https://www.maximizemarketresearch.com/request-sample/23770/
๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Raw and unrefined
Refined and ultra-refined.
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ: ๐๐๐ฐ ๐๐ง๐ ๐๐ง๐ซ๐๐๐ข๐ง๐๐ ๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐๐๐ฌ
The Raw and Unrefined segment dominated the market in 2023, accounting for 75% of the share. Unrefined shea butter retains its natural properties, offering superior benefits like collagen stimulation, anti-aging effects, and relief from skin conditions such as psoriasis and eczema. These attributes make it a preferred choice among consumers seeking chemical-free alternatives.
๐๐ฒ ๐๐๐ญ๐ฎ๐ซ๐
Organic
Conventional
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food Processing
Personal Care and Cosmetics
Pharmaceuticals
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง: ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ซ๐ ๐๐ญ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐ซ๐จ๐ง๐ญ
The Personal Care and Cosmetics sector claimed a 40% market share in 2023, driven by high consumer demand for skincare and anti-aging solutions. Cosmetics companies are actively investing in research and development to incorporate shea butter into innovative formulations.
The Food and Beverages segment, on the other hand, is projected to grow at a CAGR of 9%. Its use in baking and confectionery, particularly as a healthier alternative to hydrogenated margarine, is fueling this growth.
๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Bunge Limited
2. Ghana Nuts Company Ltd.
3. BASF SE
4. Olvea Group
5. Sophim S.A.
6. Cargill, Inc.
7. Suru Chemicals
8. Croda International Plc
9. Clariant AG
10. AAK AB
11. Better Butter Company
12. Ojoba Collective
13. Babo Botanicals
14. Shea Butter Like Whoa
15. Hallstar Company
16. Shea Yeleen
17. Baraka Shea Butter
18. AOS Products Private Limited
19. Deluxe Shea Butter
20. The Savannah Fruits Company
21. Juka's Organic Co.
22. Fuji Oil Holdings, Inc.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ, ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ @ : https://www.maximizemarketresearch.com/request-sample/23770/
๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ
๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐ง๐ ๐๐๐ซ๐ข๐๐: ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The Middle East and Africa held a commanding 39% share in 2023, owing to abundant raw material availability, inexpensive labor, and rising urbanization. As the primary producers of shea butter, these regions are pivotal to the global supply chain.
๐๐ก๐๐๐ค ๐๐ฎ๐ญ ๐ ๐๐ซ๐ข๐๐ ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:https://www.maximizemarketresearch.com/market-report/global-shea-butter-market/23770/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
What is Shea Butter?
What is the growth rate of the Shea Butter Market?
Who are the key players in the Shea Butter market?
Who are the leading companies and what are their portfolios in Shea Butter Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Shea Butter Market?
Which are the factors expected to drive the Shea Butter market growth?
What are the different segments of the Shea Butter Market?
What growth strategies are the players considering to increase their presence in Shea Butter?
What are the upcoming industry applications and trends for the Shea Butter Market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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
๐๐จ๐จ๐ค ๐๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐ฎ๐ซ ๐๐จ๐ฌ๐ญ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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