Global Shea Butter Market, By Grade (Grade A, Grade B, Grade C, Grade D, Grade E), Nature (Organic, Conventional), Species (Vitellaria Nilotica, Vitellaria Paradoxa), Certification (Uncertified, Certified), End User (Pharmaceuticals & Medical, Cosmetics & Personal Care, Food Processing, Retail, Others), Distribution Channel (Specialty Stores, Online Stores, Supermarket, Convenience Stores, Hypermarket, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The shea butter market is expected to witness market growth at a rate of 6.0% in the forecast period of 2021 to 2028. Data Bridge Market Research report on shea butter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The changing food industry landscape is escalating the growth of shea butter market.
Shea butter refers to a type of vegetable fat extracted from the nut of an African tree which is extensively utilized as a beauty product in cosmetics industry for skin and hair related products, in lip gloss, skin lotions and hair conditioners among others.
The rise in demand for coco butter alternative and high consumption of chocolate and bakery products, among population, act as the major factors driving the growth of shea butter market. The rise in the usage of the product in skin moisturiser as it possess a high content of vitamins and fatty acids making it ideal for smoothening, soothing and moisturising the skin accelerate the shea butter market growth. The growing usage of shea butter as a substitute for edible vegetable oils and fat in various food applications and the extensive use of the butter as an alternative to cocoa butter, in making of chocolates and confectionaries, further influence the shea butter market. Additionally, changing lifestyle, growth in awareness, urbanization and surge in disposable income of people positively affect the shea butter market. Furthermore, research and development and innovations in shea butter-based products extend profitable opportunities to the shea butter market players in the forecast period of 2021 to 2028.
On the other hand, easy availability of cheaper substitutes, such as mango butter, shea oil, avocado butter and cupuacu butter is expected to obstruct the shea butter market growth. Lack of standardisation is projected to challenge the shea butter market in the forecast period of 2021-2028.
This shea butter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on shea butter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Shea Butter Market Scope and Market Size
The shea butter market is segmented on the basis of grade, nature, species, certification, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of grade, the shea butter market is segmented into grade A, grade B, grade C, grade D and grade E.
- On the basis of nature, the shea butter market is segmented into organic and conventional.
- On the basis of species, the shea butter market is segmented into vitellaria nilotica and vitellaria paradoxa.
- On the basis of certification, the shea butter market is segmented into uncertified and certified.
- On the basis of end user, the shea butter market is segmented into pharmaceuticals & medical, cosmetics & personal care, food processing, retail and others. Cosmetics & personal care are further segmented into lotions & creams, lip balm & lipsticks, sun care products, soaps & toiletries, cleaners, shampoo & conditioners and others. Food processing is further segmented into bakery, chocolate & confectionery, ice cream and others.
- On the basis of distribution channel, the shea butter market is segmented into specialty stores, online stores, supermarket, convenience stores, hypermarket and others.
Global Shea Butter Market Country Level Analysis
The shea butter market is analysed and market size, volume information is provided by country, of grade, nature, species, certification, end user and distribution channel referenced above.
The countries covered in the global shea butter market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the shea butter market because of the rising consumer inclination towards baked products and confectionery and presence of end user industries in the region.
The country section of the shea butter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Shea Butter Market Share Analysis
The shea butter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shea butter market.
The major players covered in the shea butter market report are Empower Village LLC., J.A.M. Distributing Company, Bulk Apothecary, Pameri Organic Malaysia Sdn Bhd, Vermont Soap, Baraka Shea Butter, Maison Karite, Vink Chemicals GmbH & Co. KG, savannahfruits, Cargill, Incorporated, Clariant, Aos Product Pvt. Ltd., Timiniya Tumna Company, Jedwards International, Inc., shebuindustriesltd, Akoma Cooperative Multipurpose Society, Ghana Nuts Company Limited, Aethon-International, The Organic Shea Butter Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Shea Butter Market
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