Global Shea Butter Market: Industry Analysis and Forecast (2019-2026)
Global Shea Butter Market was valued at US$ 1.7 Bn in 2019 and is expected to reach US$ 2.67 Bn by 2026, at a CAGR of 5.81% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Shea Butter Market Segment Analysis
The cosmetics & personal care industry is expected to surge the market growth during the forecast period owing to the rising usage of Shea butter in this industry. Shea butter has cinnamic acid, which saves skin from the ultraviolet rays which will boost the market growth during the forecast period. In addition, it has anti-aging properties and helps to soften skin and regeneration of tissue cell are also expected to drive the market in the cosmetic & personal care industry.
Global Shea Butter Market Dynamics
Shea butter is used in various types of skin, hair, and food products and has several healing properties. Major driving factors of the market are, various governments are restricting the usage of Shea butter in products such as chocolate, increasing disposable incomes, and growing concerns regarding fitness. Rising consumer preference towards Shea butter products is propelling the market growth.
Shea butter products have A & E vitamins, which are expected to fuel the market growth owing to rising health awareness among consumers across the globe. In addition, Shea butter has properties such as antioxidants, recovers skin damage, and also improve the health of skin & hair that are boosting the market growth.
Global Shea Butter Market Regional Insights
Europe is expected to hold the largest share in the market during the forecast period owing to a developed economy and growing consumer awareness. The government is promoting the usage of Shea butter is another driving factor of the market. Asia Pacific is estimated to generate the highest CAGR during the forecast period owing to the rising trend of fashion, which is boosting the market growth in the cosmetic & personal care industry.
The rising population and changing living standards of the consumers are also expected to surge the market growth in a positive way in this region. India and China are projected to fuel the market growth during the forecast period as rising consciousness regarding health and growing western culture influence in these countries.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Shea Butter Market, Key Highlights:
• Global Shea Butter Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Shea Butter Market
• Global Shea Butter Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Shea Butter Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Shea Butter Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Shea Butter Market are also profiled.
The Scope of the Report for Shea Butter Market
Global Shea Butter Market, by Type
• Raw and Unrefined Shea Butter
• Refined Shea Butter
Global Shea Butter Market, by Application
• Cosmetics & Personal Care
Global Shea Butter Market, by Region
• North America
• Middle East & Africa
• South America
Global Shea Butter Market Key Players
• Ghana Nuts Ltd
• Maison Karite Sociedad Limitada
• Adunni Ori Ltd.
• Timiniya Tuma Company Ltd.
• Savanna Shea Industries
• Star Shea Ltd
• Shea Radiance
• VINK CHEMICALS GMBH & CO. KG
• Jedwards International, Inc
• IOI Loders Croklaan
• Agrobotanicals, LLC;
• Lovinah Naturals
• Maison Karite Sociedad Limitada
• Shebu Industries
• Shea Therapy Ltd
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