Shea Butter Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
22691 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
Shea butter is an edible vegetable oil or fat, extracted from sun-dried kernels of the African shea tree. Shea butter is extensively used in cosmetics, health products and in the confectionery and chocolate industry (as an ingredient in cocoa butter alternatives). Shea butter and its fractions can also replace other edible vegetable oils or fats in other food applications. Shea butter is used for body, hand and facial products because of its unsaponifiables content. Shea butter contains ester resins recommended for damaged skin repair, cleansing and the sun's protection.
After several months of survey and research, research group obtains the following conclusions:
Shea Butter is mainly produced in West, Central and East African countries, and Shea Butter market is now attractive for markets across Europe, America and Asia. An important market exists in the European Union, USA which buys shea mainly for cosmetics and chocolate formations.
First, Shea Butter market mainly in Middle East and Africa of shea butter is 126.6 K MT with a global sales share 32.60% of in 2017,the second Shea Butter market is the Europe, the sales is 107.9 K MT, the market share is 27.78% in 2017.
Second, there are major two classifications of shea butter in this report, the raw and unrefined shea butter, and refined shea butter. Globally, the sales share of each type of shea butter is 37.36% and 62.64% in 2017.
Third, the major applications of shea butter are cosmetics industry, medicine industry and food industry. Globally, the sales share of each application ares of shea butter is 38.52%, 11.82% and 49.66% in 2017.
At last, the average price for Shea butter is much lower than the world market prices for cocoa butter and as a replacement of cocoa butter, the average price of shea butter did not decrease.
The Global Shea Butter Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Shea Butter Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
IOI Loders Croklaan
Wilmar Africa Ltd/ Ghana Specialty Fats
Ghana Nuts Ltd
Shebu Industries
Timiniya Tuma Company Ltd
The Pure Company
The Savannah Fruits Company
VINK CHEMICALS GMBH & CO. KG
Akoma Cooperative
StarShea
International Oils & Fats Limited
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Raw and Unrefined Shea Butter
Refined Shea Butter In Market segmentation by applications :
Cosmetics Industry
Medicine Industry
Food Industry
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Shea Butter Market for the forecast period 2023 - 2030?
• What are the driving forces in the Shea Butter Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Shea Butter industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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