Shea butter is used mainly in cosmetics and hair care products. It is fat that can be collected from the nuts of the African trees. Shea butter can easily be absorbed by the skin, as it can be melt fast at body temperature. The raw extracted shea butter has an ivory colors. It is widely used in cosmetics as a moisturizer or lotion. The bark of the tree is used in medicines and the nutshells can be a good repellent for mosquitos on burning it.
MARKET DYNAMICS
Shea butter is used extensively in the food and beverage, personnel care, and cosmetics industry. Shea butter is used as an alternative to cocoa butter in bakery products. Though shea butter is expensive the alternatives such as palm oil, shea oil, cupuacu butter, avocado butter are present as substitutes in the market. However, the growing demand for bakery products is driving the market. Also, the rise in disposable income, increasing standard of living, and the inclination towards the use of natural, healthy, and nutritious products among the population are the key factors that are triggering the global shea butter market tremendously.
MARKET SCOPE
The "Global Shea Butter Market Analysis to 2028" is a specialized and in-depth study of food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the shea butter market with detailed market segmentation by product type, and application. The global shea butter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shea butter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shea butter market is segmented into product type, and application. Based on product type the global shea butter market is segmented into refined, and unrefined/ raw. By application, the global shea butter market is classified into cosmetics & personnel care, food & beverages, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the shea butter industry, including both qualitative and quantitative information. It provides an overview and forecast of the global shea butter market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The shea butter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shea butter market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the shea butter market in these regions.
MARKET PLAYERS
The report covers vital developments in the shea butter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the shea butter market are anticipated to lucrative growth opportunities in the future with the rising demand for shea butter in the global market. Below mentioned is the list of few companies engaged in the shea butter market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shea butter market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Eu'Genia Shea
- Bunge Loders Croklaan
- Hallstar
- Royale Sheabutter
- Terry labs
- Empower Village LLC
- Shearadiance
- Ghana Nuts Company Limited
- Amba Organic
- N-essentials Pty Ltd
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.