Notice: Global Information Announces Listing on JASDAQ Standard Market of the Tokyo Stock Exchange

Cover Image
Market Research Report

Global Shea butter Market by Application, By Species, By Certified, By Region ; Trend Analysis, Competitive Market Share & Forecast, 2016-2026.

Published by Blueweave Consulting & Research Private Limited Product code 972422
Published Content info 252 Pages
Delivery time: 1-2 business days
Price
Back to Top
Global Shea butter Market by Application, By Species, By Certified, By Region ; Trend Analysis, Competitive Market Share & Forecast, 2016-2026.
Published: November 1, 2020 Content info: 252 Pages
Description

The Global Shea butter market is projected to reach the valuation of USD 1,693.13 Million by 2026 with a CAGR of 7.10%.

The Global Shea butter Market has gained momentum in recent years with a CAGR of 7.10%, in value terms, over the forecast period 2020-2026, and is expected to reach USD 1,693.13 Million by 2026. The growing demand for Shea butter in the food & beverage industry and cosmetics Industry are vital factors expected to encourage the growth of the global Shea butter market in the upcoming period. Also, growing trends towards the application of shea butter in the bakery & confectionery industry as an alternative for cocoa butter due to high prices of cocoa as a result of limited supply are other factors estimated to accelerate the growth of the market in the next few years.

Rising consumer inclination towards natural products

The key growth drivers driving the global shea butter market are increasing consumer inclination toward natural products and consumer awareness. Also, the increase in the use of shea butter in cosmetic products is driving market development. Furthermore, in the forecast period, favorable government policies are expected to boost the market. Growing the consumption of eatable products consisting of shea butter, such as chocolates, is also likely to be the main driver of growth during the forecast period.

Increasing Preference for Shea Butter as an adequate substitute to Vegetable Oil, over Rather Expensive Cocoa Butter

Cocoa butter is utilized in bakeries and confectioneries as a fat source, for providing the product's texture, luster, and snap. The demand for cocoa butter is rising with the increasing demand for chocolates and confectioneries. However, cocoa butter is anticipating supply constraints due to the decreasing yields of cocoa in major producing countries. Thus, the price of cocoa butter is rising rapidly, which is forcing the makers of chocolates and confectioneries to opt for other alternatives which are equivalents to cocoa butter. Shea butter is being widely used by the manufacturers as a suitable replacement for the expensive cocoa butter for the application in chocolates and confectioneries.

Rapidly Growing Online Retails to Push dominance of Shea Butter in Cosmetics

Online retail is increasing with the easy availability of cosmetic shea butter products including creams, hair care products, lotions, and others, coupled with the ease of comparing the costs of different cosmetic products on the same platform. This allows the easy availability of shea butter among consumers. Additionally, the rising market penetration of shea butter products via online-based retailing is witnessed to propel the growth of shea butter in the cosmetic products sector.

The Middle East & Africa is expected to witness significant growth in the market during the forecast period

The rising disposable income range & rapid urbanization will boost product demand. The growth is favored by the higher production of shea butter due to the abundant raw material supply and accessibility of cheap labor in this region. Led by the United Kingdom, Europe is witnessed to be the rapidly growing regional market during the gauge period. This is majorly due to the rising demand for cosmetics products & personal care. Europe is the dominating region in the global cosmetics industry. Additionally, the increase in consumption rates of chocolate & bakery products in this region will further propel the product demand.

Shea butter: Competitive Landscape

Companies such as Bunge Limited, Cargill, Inc, The Hershey Company, The Savannah Fruits Company, Vink Chemicals GMBH & CO. KG, Ghana Nuts Limited, Barry Callebaut Group, Churchwin Trading, Shebu Industries, Timiniya Tuma Company Ltd., are the key players in the manufacturing of Shea butter.

Don't miss the business opportunity of the Shea butter market. Consult our analyst and gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Shea butter market size & forecast. The report promises to provide state-of-the-art technology of Shea butter and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

About Us

BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer comprehensive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality performance and nourishing long-lasting relationships with its clients. We are one of the promising digital market intelligence generation company providing unique solutions for blooming your business and making the morning, more rising & shining.

Table of Contents
Product Code: BWC20149

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Sources
  • 2.2. Quantitative Research
    • 2.2.1. Primary & Secondary Sources
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary research respondent, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Shea Butter market Industry Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraint
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Intensity of Rivalry

5. Global Shea Butter market Overview

  • 5.1. Market Size & Forecast by Value, 2016-2026
    • 5.1.1. By Value (USD Million)

6. Global Market Share & Forecast, By Species

  • 6.1. By Value (USD Million)
    • 6.1.1. Vitellaria Paradoxa
      • 6.1.1.1. Shea Butter Market Share & Forecast
      • 6.1.1.2. Market Estimates & Forecast by Country
    • 6.1.2. Vitellaria Nilotica
      • 6.1.2.1. Shea Butter Market Share & Forecast
      • 6.1.2.2. Market Estimates & Forecast by Country

7. Global Market Share & Forecast, By Certification

  • 7.1. Certified
    • 7.1.1. Shea Butter Market Share & Forecast
    • 7.1.2. Market Estimates & Forecast by Country
  • 7.2. Non-Certified
    • 7.2.1. Shea Butter Market Share & Forecast
    • 7.2.2. Market Estimates & Forecast by Country

8. Global Market Share & Forecast, By Application

  • 8.1. Food & Beverages
    • 8.1.1. Shea Butter Market Share & Forecast
    • 8.1.2. Market Estimates & Forecast by Country
  • 8.2. Cosmetics
    • 8.2.1. Shea Butter Market Share & Forecast
    • 8.2.2. Market Estimates & Forecast by Country
  • 8.3. Medicines
    • 8.3.1. Shea Butter Market Share & Forecast
    • 8.3.2. Market Estimates & Forecast by Country
  • 8.4. Others
    • 8.4.1. Shea Butter Market Share & Forecast
    • 8.4.2. Market Estimates & Forecast by Country

9. Global Shea Butter Market, by Region

  • 9.1. By Value (USD Million)
  • 9.2. North America
    • 9.2.1. By Species
    • 9.2.2. Certification
    • 9.2.3. By Application
    • 9.2.4. By Country
      • 9.2.4.1. United States
      • 9.2.4.1.1. By Species
      • 9.2.4.1.2. By Certification
      • 9.2.4.1.3. By Application
      • 9.2.4.2. Canada
      • 9.2.4.2.1. By Species
      • 9.2.4.2.2. By Certification
      • 9.2.4.2.3. By Application
      • 9.2.4.3. Mexico
      • 9.2.4.3.1. By Species
      • 9.2.4.3.2. By Certification
      • 9.2.4.3.3. By Application
  • 9.3. Europe
    • 9.3.1. By Species
    • 9.3.2. By Certification
    • 9.3.3. By Application
    • 9.3.4. By Country
      • 9.3.4.1. Germany
      • 9.3.4.1.1. By Species
      • 9.3.4.1.2. By Certification
      • 9.3.4.1.3. By Application
      • 9.3.4.2. United Kingdom
      • 9.3.4.2.1. By Species
      • 9.3.4.2.2. By Certification
      • 9.3.4.2.3. By Application
      • 9.3.4.3. France
      • 9.3.4.3.1. By Species
      • 9.3.4.3.2. By Certification
      • 9.3.4.3.3. By Application
      • 9.3.4.4. Spain
      • 9.3.4.4.1. By Species
      • 9.3.4.4.2. By Certification
      • 9.3.4.4.3. By Application
      • 9.3.4.5. Italy
      • 9.3.4.5.1. By Species
      • 9.3.4.5.2. By Certification
      • 9.3.4.5.3. By Application
      • 9.3.4.6. Rest of Europe
      • 9.3.4.6.1. By Species
      • 9.3.4.6.2. By Certification
      • 9.3.4.6.3. By Application
  • 9.4. Asia Pacific
    • 9.4.1. By Species
    • 9.4.2. By Certification
    • 9.4.3. By Application
    • 9.4.4. By Country
      • 9.4.4.1. China
      • 9.4.4.1.1. By Species
      • 9.4.4.1.2. By Certification
      • 9.4.4.1.3. By Application
      • 9.4.4.2. Japan
      • 9.4.4.2.1. By Species
      • 9.4.4.2.2. By Certification
      • 9.4.4.2.3. By Application
      • 9.4.4.3. India
      • 9.4.4.3.1. By Species
      • 9.4.4.3.2. By Certification
      • 9.4.4.3.3. By Application
      • 9.4.4.4. Australia & New Zealand
      • 9.4.4.4.1. By Species
      • 9.4.4.4.2. By Certification
      • 9.4.4.4.3. By Application
      • 9.4.4.5. Rest of Asia Pacific
      • 9.4.4.5.1. By Species
      • 9.4.4.5.2. By Certification
      • 9.4.4.5.3. By Application
  • 9.5. Rest of the World(ROW)
    • 9.5.1. By Species
    • 9.5.2. By Certification
    • 9.5.3. By Application
    • 9.5.4. By Region
      • 9.5.4.1. Middle East
      • 9.5.4.1.1. By Species
      • 9.5.4.1.2. By Certification
      • 9.5.4.1.3. By Application
      • 9.5.4.1.4. By country
      • 9.5.4.2. Africa
      • 9.5.4.2.1. By Species
      • 9.5.4.2.2. By Certification
      • 9.5.4.2.3. By Application
      • 9.5.4.2.4. By country
      • 9.5.4.3. Latin America
      • 9.5.4.3.1. By Species
      • 9.5.4.3.2. By Certification
      • 9.5.4.3.3. By Application
      • 9.5.4.3.4. By country

10. Impact of COVID 19 across Industry

11. Competitive Landscape

12. Company Profile

  • 12.1. BUNGE LIMITED
  • 12.2. Cargill, Inc
  • 12.3. The Hershey Company
  • 12.4. The Savannah Fruits Company
  • 12.5. VINK CHEMICALS GMBH & CO. KG
  • 12.6. Ghana Nuts Limited,
  • 12.7. Barry Callebaut Group
  • 12.8. BASF SE
  • 12.9. ADM
  • 12.10. Churchwin Trading

* Financial details in case of unlisted companies will be available as per data availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Back to Top