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Shea Butter Market Forecast Report 2020 – 2027 – Top Key Players Analysis

The significant factor responsible for the growth of the global shea butter market includes the growing consumption of chocolate and bakery products globally. With the change in taste & preference, the consumers have started looking for substitutes for edible vegetable oils, cocoa butter, and fats.

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Shea Butter Market Forecast Report 2020 – 2027 – Top Key Players Analysis

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  1. Shea Butter Market Shea Butter Market by Product (Raw and Unrefined and Refined), By Application (Personal Care & Cosmetics, Food & Beverage, Pharmaceuticals, and Others), By Distribution (Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online, and Others), By Region – Global Opportunities & Forecast, 2020-2027 Channel GMI Research GMI Research See the Future Insights 1

  2. The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study. Competitive Rivalry of the Shea Butter Market: The leading players in the shea butter market include Sophim S.A., Olvea, ADM, Clariant, Ghana Nuts Company Limited, Croda International Plc, AAK.com, Cargill, Incorporated, Bunge Limited, and BASF SE, among others. Drivers of the Shea Butter Market: The significant factor responsible for the growth of the global shea butter market includes the growing consumption of chocolate and bakery products globally. With the change in taste & preference, the consumers have started looking for substitutes for edible vegetable oils, cocoa butter, and fats. The bakery and confectionery manufacturers are using shea butter as an alternative for cocoa butter owing to the high prices of cocoa. This widespread usage of shea butter as an alternative product will propel the growth of the global shea butter market during the forecast period. The rising demand for personal care & cosmetics products worldwide will fuel the growth of the market. Shea butter consists of a high level of oleic acid, linoleic acid, and vitamin A and E, which protects and nourishes the skin from within. The cosmetics manufactures are mainly aiming at R&D to develop innovative shea butter-based products as per the increasing customer’s need. On the other edge of the spectrum, the easy availability of cheaper alternatives such as shea oil, mango butter, avocado butter will hinder the growth of the global shea butter market in the upcoming years. Based on the region, the GCC and African countries are projected to grow at a faster CAGR during the forecast period due to the increasing production of shea butter in 2

  3. these areas as a result of ample raw material supply and easy availability of cheap labor. Furthermore, rapid urbanization and high disposable income level will boost the demand for the global shea butter market during the forecast period. Market Segmentation: The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below: Breakup by Product: •Raw and Unrefined •Refined Breakup by Application: •Personal Care & cosmetics •Food & Beverage •Pharmaceutical •Others Breakup by Distribution Channel: •Hypermarkets/Supermarkets •Specialty Stores •Online •Convenience Stores •Others Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC 3

  4. •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com 4

  5. Phone: +353 1 442 8820 Address: Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 5

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