Global Shea Butter Market Overview:
Shea butter, a fat that is extracted from the nut of the African shea tree. Shea butter possess various healing properties. Shea butter is free of any artificial chemicals & is made of stearic acid and oleic acid. Shea butter is used widely in the cosmetic products like skin moisturizers, hair conditioners as well as lip gloss. Furthermore, it is used in various industries including food & healthcare. Shea butter is edible & is used in food preparation in certain African countries. Sometimes, shea butter is mixed with other oils as a substitute for cocoa butter, though the taste is remarkably different. Shea butter finds use as a substitute to vegetable oil in many applications including food processing, cosmetics, pharmaceuticals, and retail. Some of the key players profiled in the study are The Savannah Fruits Company (Ghana), Ghana Nuts Company Limited (Ghana), Bunge Loders Croklaan (The Netherlands), Cargill, Incorporated (United States), Hallstar Company (United States), Clariant AG (Switzerland), AAK AB (Sweden), Olvea Group (France), The Archer Daniels Midland Company (United States) and BASF SE (Germany). According to Market Analyst at AMA, the Global Shea Butter market may see a growth rate of 5.1%
On the basis of geography, the market of Shea Butter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). MEA region held largest market share in the year 2018. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket will boost the Shea Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Preference for Shea Butter as a Potential Substitute to Vegetable Oil, Over Relatively Expensive Cocoa Butter
- Growing Chocolate Consumption
- Rising Application of Shea Butter in the Bakery Industry
- Quickly Progressing Online Retail to Drive Prominence of Shea Butter in Cosmetics
- Availability of Substitutes, Like Avocado Butter, Mango Butter, and Cupuacu Butter
- Increasing Urbanization & Modernization in Emerging Economies Strengthening the Food and Beverage Industry
- Rising Demand for Cosmetics and Personal Care Products from Asia-Pacific Nations
Major Market Developments:
Shea provides health benefits as a cooking oil & food/cosmetic ingredient, & is extensively available in Africa. With almost 600,000 tons collected each year, the industry offers a critical source of incomes to often poor & underserved communities.
Shea Butter Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, Food Industry, Cosmetics Industry and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Shea Butter market on the basis of product [Raw and Unrefined Shea Butter and Refined Shea Butter] , application [Cosmetics, Medicine, Food and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Shea Butter market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Shea Butter industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Croda International Plc (United Kingdom), Abart Agro Products (United States) and Sophim S.A. (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Shea Butter market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.