Global Shea Butter Market Growth 2023-2029

Global Shea Butter Market Growth 2023-2029

This report studies the Shea Butter market, from angles of players, regions, product types and end industries, to analyze the status and the future. 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.
LPI (LP Information)' newest research report, the “Shea Butter Industry Forecast” looks at past sales and reviews total world Shea Butter sales in 2022, providing a comprehensive analysis by region and market sector of projected Shea Butter sales for 2023 through 2029. With Shea Butter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shea Butter industry.
This Insight Report provides a comprehensive analysis of the global Shea Butter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shea Butter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shea Butter market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shea Butter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shea Butter.
The global Shea Butter market size is projected to grow from US$ 922.5 million in 2022 to US$ 1781.2 million in 2029; it is expected to grow at a CAGR of 1781.2 from 2023 to 2029.
Global Shea Butter key players include IOI Loders Croklaan, Wilmar Africa Ltd/ Ghana Specialty Fats, Ghana Nuts Ltd, Shebu Industries, Timiniya Tuma Company Ltd, etc. Global top five manufacturers hold a share about 15%. Europe and Middle East and Africa is the largest market, both with a share about 30%, followed by North America, with a share about 20 percent. In terms of product, Refined Shea Butter is the largest segment, with a share about 65%. And in terms of application, the largest application is Food Industry, followed by Cosmetics Industry, Medicine Industry, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Shea Butter market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Raw and Unrefined Shea Butter
Refined Shea Butter
Segmentation by application
Cosmetics Industry
Medicine Industry
Food Industry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IOI Loders Croklaan
Wilmar Africa/ Ghana Specialty Fats
Ghana Nuts
Shebu Industries
Timiniya Tuma
The Pure
The Savannah Fruits
VINK CHEMICALS GMBH & CO. KG
Akoma Cooperative
StarShea
International Oils & Fats
Key Questions Addressed in this Report
What is the 10-year outlook for the global Shea Butter market?
What factors are driving Shea Butter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Shea Butter market opportunities vary by end market size?
How does Shea Butter break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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