Shea Butter Market Is Expected to Grow at a CAGR of 5.6% by 2022-2029 | Global Market Value Volume Trends Drivers Challenges Growth Opportunities Competitive Analysis Report 2022-2029

Shea Butter Market | DataM Intelligence
Shea butter market is now striking for markets through Europe, America, and Asia pacific. Shea butter is mainly used in the food, cosmetic, and pharmaceutical industries. It provides an improved advantage to skin and hair that benefits in nourishment and hydrating the skin.

Shea Butter Market Overview:

According to the research report published by DataM Intelligence, the global Shea Butter market size valued XX billion in 2021, it is anticipated to reach USD XX billion by the end of 2029, with growth at a CAGR of 5.6% during the forecast period 2022-2029.

As per the research insights the market opportunities. North America generated the main share in the global market in 2020 and is predictable to uphold its share through the Shea butter market forecast period.Β  An increase in health-aware populace and a better lifestyle are the important elements driving the growth of the shea butter market. Upsurge in purchasing power in this region mainly boosts the shea butter products sales.

Europe region dominates the global shea butter market due to the increasing consumer preference for baked products and confectionery and the existence of end-user businesses in the European region.

Shea Butter is mainly manufactured in West, Central and East African states containing Burkina, enin, Cameroon, Faso, Central African Republic, Ethiopia, Chad, Eritrea, Guinea Bissau, Ghana, Ivory Coast, Niger and Nigeria, Mali, and Shea butter market is now striking for markets through Europe, America and Asia pacific. Shea butter is mainly used in the food, cosmetic, and pharmaceutical industries. It provides an improved advantage to skin and hair that benefits in nourishment and hydrating the skin.

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The growth in demand for cocoa butter substitutes and heavy consumption of chocolate and bakery products, amongst people, act as the main aspects driving the shea butter market growth.

The outbreak of COVID-19 has destructively impacted the growth of the shea butter market demand. The shea nut supply is one of the main parts in the value chain of the shea butter market, where the major companies and the manufacturers are facing issues owing to traffic control, poor logistics, and limitations on public movement in the affected countries through the worldwide, which can lead to supply disturbances.

Shea butter is an organic vegetable fat, light yellowish or ivory, resulting from the African tree nut Vitellaria paradoxa. The nozzle comprises saturated and unsaturated fatty acids, vitamins E, A, F, and carotene. Vitamin E and A are familiar as collagen enhancers known to soothe and moisturize skin.

Market Segmentation:

Shea Butter Market – By Product:

Raw Shea Butter
Refined Shea Butter
Processed Shea Butter

Shea Butter Market – By End-Use Industry:

Food
Cosmetics
Others

Shea Butter Market – By Distribution Channel:

E-Commerce Stores
Supermarkets & Hypermarkets
Specialty Stores
Others

Geographically the global market is divided into;

The global market has divided into five major regions such as;

North America into the USA, and Canada
Europe Region into UK, Germany, Italy, Spain, London and Rest of the European countries
Latin America into Mexico, Argentina, and the rest of the Latin American countries
Middle East and Africa into Saudi Arabia, UAE, South Africa, and the Rest of the EMEA countries
Asia Pacific into China, Japan, Singapore, Malaysia, Australia, and the rest of APAC countries

Some of the Major Companies Controlling the Global Market Report:

Some of the key players actively participating in the global market are;

Now Foods
The Organic Shea Butter Company
Eu’Genia Shea
New England Shea Butter LLC
Sekaf Ghana Ltd
The Savannah Fruits Company
Ghana Nuts Company Limited
Timiniya Tumna Company
AKOMA Corporative Multipurpose Society

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