Shea Butter Market Key Findings by 2031
MARKET INTRODUCTION Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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 2031" 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 2021 to 2031 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.
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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 2021 to 2031 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.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shea Butter Market - By Product Type
1.3.2 Shea Butter Market - By Application
1.3.3 Shea Butter Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SHEA BUTTER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SHEA BUTTER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SHEA BUTTER MARKET - GLOBAL MARKET ANALYSIS
6.1. SHEA BUTTER - GLOBAL MARKET OVERVIEW
6.2. SHEA BUTTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SHEA BUTTER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. REFINED
7.3.1. Overview
7.3.2. Refined Market Forecast and Analysis
7.4. UNREFINED/ RAW
7.4.1. Overview
7.4.2. Unrefined/ Raw Market Forecast and Analysis
8. SHEA BUTTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COSMETICS AND PERSONNEL CARE
8.3.1. Overview
8.3.2. Cosmetics and Personnel Care Market Forecast and Analysis
8.4. FOOD AND BEVERAGES
8.4.1. Overview
8.4.2. Food and Beverages Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SHEA BUTTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Shea Butter Market Overview
9.1.2 North America Shea Butter Market Forecasts and Analysis
9.1.3 North America Shea Butter Market Forecasts and Analysis - By Product Type
9.1.4 North America Shea Butter Market Forecasts and Analysis - By Application
9.1.5 North America Shea Butter Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Shea Butter Market
9.1.5.1.1 Canada Shea Butter Market by Product Type
9.1.5.1.2 Canada Shea Butter Market by Application
9.1.5.2 Mexico Shea Butter Market
9.1.5.2.1 Mexico Shea Butter Market by Product Type
9.1.5.2.2 Mexico Shea Butter Market by Application
9.1.5.3 US Shea Butter Market
9.1.5.3.1 US Shea Butter Market by Product Type
9.1.5.3.2 US Shea Butter Market by Application
9.2. EUROPE
9.2.1 Europe Shea Butter Market Overview
9.2.2 Europe Shea Butter Market Forecasts and Analysis
9.2.3 Europe Shea Butter Market Forecasts and Analysis - By Product Type
9.2.4 Europe Shea Butter Market Forecasts and Analysis - By Application
9.2.5 Europe Shea Butter Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Shea Butter Market
9.2.5.1.1 Germany Shea Butter Market by Product Type
9.2.5.1.2 Germany Shea Butter Market by Application
9.2.5.2 France Shea Butter Market
9.2.5.2.1 France Shea Butter Market by Product Type
9.2.5.2.2 France Shea Butter Market by Application
9.2.5.3 Italy Shea Butter Market
9.2.5.3.1 Italy Shea Butter Market by Product Type
9.2.5.3.2 Italy Shea Butter Market by Application
9.2.5.4 United Kingdom Shea Butter Market
9.2.5.4.1 United Kingdom Shea Butter Market by Product Type
9.2.5.4.2 United Kingdom Shea Butter Market by Application
9.2.5.5 Russia Shea Butter Market
9.2.5.5.1 Russia Shea Butter Market by Product Type
9.2.5.5.2 Russia Shea Butter Market by Application
9.2.5.6 Rest of Europe Shea Butter Market
9.2.5.6.1 Rest of Europe Shea Butter Market by Product Type
9.2.5.6.2 Rest of Europe Shea Butter Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Shea Butter Market Overview
9.3.2 Asia-Pacific Shea Butter Market Forecasts and Analysis
9.3.3 Asia-Pacific Shea Butter Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Shea Butter Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Shea Butter Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Shea Butter Market
9.3.5.1.1 Australia Shea Butter Market by Product Type
9.3.5.1.2 Australia Shea Butter Market by Application
9.3.5.2 China Shea Butter Market
9.3.5.2.1 China Shea Butter Market by Product Type
9.3.5.2.2 China Shea Butter Market by Application
9.3.5.3 India Shea Butter Market
9.3.5.3.1 India Shea Butter Market by Product Type
9.3.5.3.2 India Shea Butter Market by Application
9.3.5.4 Japan Shea Butter Market
9.3.5.4.1 Japan Shea Butter Market by Product Type
9.3.5.4.2 Japan Shea Butter Market by Application
9.3.5.5 South Korea Shea Butter Market
9.3.5.5.1 South Korea Shea Butter Market by Product Type
9.3.5.5.2 South Korea Shea Butter Market by Application
9.3.5.6 Rest of Asia-Pacific Shea Butter Market
9.3.5.6.1 Rest of Asia-Pacific Shea Butter Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Shea Butter Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Shea Butter Market Overview
9.4.2 Middle East and Africa Shea Butter Market Forecasts and Analysis
9.4.3 Middle East and Africa Shea Butter Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Shea Butter Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Shea Butter Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Shea Butter Market
9.4.5.1.1 South Africa Shea Butter Market by Product Type
9.4.5.1.2 South Africa Shea Butter Market by Application
9.4.5.2 Saudi Arabia Shea Butter Market
9.4.5.2.1 Saudi Arabia Shea Butter Market by Product Type
9.4.5.2.2 Saudi Arabia Shea Butter Market by Application
9.4.5.3 U.A.E Shea Butter Market
9.4.5.3.1 U.A.E Shea Butter Market by Product Type
9.4.5.3.2 U.A.E Shea Butter Market by Application
9.4.5.4 Rest of Middle East and Africa Shea Butter Market
9.4.5.4.1 Rest of Middle East and Africa Shea Butter Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Shea Butter Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Shea Butter Market Overview
9.5.2 South and Central America Shea Butter Market Forecasts and Analysis
9.5.3 South and Central America Shea Butter Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Shea Butter Market Forecasts and Analysis - By Application
9.5.5 South and Central America Shea Butter Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Shea Butter Market
9.5.5.1.1 Brazil Shea Butter Market by Product Type
9.5.5.1.2 Brazil Shea Butter Market by Application
9.5.5.2 Argentina Shea Butter Market
9.5.5.2.1 Argentina Shea Butter Market by Product Type
9.5.5.2.2 Argentina Shea Butter Market by Application
9.5.5.3 Rest of South and Central America Shea Butter Market
9.5.5.3.1 Rest of South and Central America Shea Butter Market by Product Type
9.5.5.3.2 Rest of South and Central America Shea Butter Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SHEA BUTTER MARKET, KEY COMPANY PROFILES
11.1. EU'GENIA SHEA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BUNGE LODERS CROKLAAN
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HALLSTAR
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ROYALE SHEABUTTER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TERRY LABS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EMPOWER VILLAGE LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHEARADIANCE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. GHANA NUTS COMPANY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. AMBA ORGANIC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. N-ESSENTIALS PTY LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- 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 Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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