Shea Butter Market by Application and Geography - Forecast and Analysis 2021-2025

The shea butter market share is expected to increase by USD 1.32 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.41%.

This shea butter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers shea butter market segmentation by application (food, personal care, and pharmaceuticals) and geography (Europe, North America, APAC, MEA, and South America). The shea butter market report also offers information on several market vendors, including BASF SE, Bunge Ltd., Ghana Nuts Co. Ltd., Jedwards International Inc., LOccitane International SA, SeKaf Ghana Ltd., Shearadiance, The Organic Shea Butter Co., The Savannah Fruits Co., and Unilever Group among others.

What will the Shea Butter Market Size be During the Forecast Period?

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Shea Butter Market: Key Drivers and Challenges

The rising levels of lactose intolerance is notably driving the shea butter market growth, although factors such as over-dependence on Africa for production may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the shea butter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Shea Butter Market Driver

The increasing lactose intolerance population could drive the growth of the shea butter market during the forecast period. The growing incidences of food allergies such as lactose intolerance have spurred the demand for lactose-free products such as shea butter. These products are highly digestible ? a factor that enhances their bioavailability. This will likely contribute to the growth of the lactose-free food market in the coming years. In the US and Europe, the sales of lactose-free products doubled in recent times due to the rising number of self-diagnosed cases of lactose intolerances. Almost all individuals are born with lactase and the ability to digest lactose. However, this might be changed genetically after childhood or due to some health conditions in the lining of the intestine that destroys the lactase. 

Key Shea Butter Market Challenge

Shea butter is extracted from shea nuts that are primarily grown in West and Central Africa also referred to as the Shea belt. The high dependence on Africa is a significant challenge for the shea butter market. Any significant change in the region, such as natural disasters, could severely hamper the production of shea butter. This could be hindering the global supply. In terms of production, Africa accounts for more than 90% of total shea butter production. Africa also faces many social and economic challenges that could impact shea butter production. For instance, the lack of proper hygienic water or the absence of modern processing facilities could adversely impact the quality of shea butter. One of the significant problems that the key shea-producing countries, such as Nigeria, face is water scarcity. This issue crops up, especially during the dry season when there is not much rainfall. In addition, the production of shea butter using modern equipment is facing challenges such as the lack of proper electricity supply in the region.

This shea butter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Shea Butter Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BASF SE
• Bunge Ltd.
• Ghana Nuts Co. Ltd.
• Jedwards International Inc.
• LOccitane International SA
• SeKaf Ghana Ltd.
• Shearadiance
• The Organic Shea Butter Co.
• The Savannah Fruits Co.
• Unilever Group

 

This statistical study of the shea butter market encompasses successful business strategies deployed by the key vendors. The shea butter market is fragmented and the vendors are boosting production capacities, focusing on technological innovation, and establishing tie-ups with online e-commerce firms to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The shea butter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Shea Butter Market?

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42% of the market's growth will originate from Europe during the forecast period. The UK, France, and Germany are the key markets for shea butter in Europe. Market growth in this region will be faster than the growth of the market in MEA and South America.

The rising popularity of natural and healthy food products among consumers will facilitate the shea butter market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Shea Butter Market?

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The shea butter market share growth by the personal care segment will be significant during the forecast period. Shea butter is primarily used in the cosmetics industry to make skin and hair-related products such as lip gloss, skin moisturizer creams and emulsions, and hair conditioners for dry and brittle hair. It is also used in manufacturing soaps and massage oils. Several leading global personal care and cosmetic brands use shea butter as an ingredient in their products

This report provides an accurate prediction of the contribution of all the segments to the growth of the shea butter market size and actionable market insights on post COVID-19 impact on each segment.

 

Shea Butter Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 5.41%
Market growth 2021-2025	$ 1.32 billion
Market structure	Fragmented
YoY growth (%)	5.80
Regional analysis	Europe, North America, APAC, MEA, and South America
Performing market contribution	Europe at 42%
Key consumer countries	US, UK, France, Germany, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BASF SE, Bunge Ltd., Ghana Nuts Co. Ltd., Jedwards International Inc., LOccitane International SA, SeKaf Ghana Ltd., Shearadiance, The Organic Shea Butter Co., The Savannah Fruits Co., and Unilever Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Shea Butter Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive shea butter market growth during the next five years
• Precise estimation of the shea butter market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the shea butter industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of shea butter market vendors

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