-- Growing awareness regarding the beneficial properties of the product such as high in nutrients, vitamin E, vitamin A, which help in the well being of the human body by keeping the eyes, and skin well and also protects the individuals skin from sunburns, along with growing utilization of the product in the food and beverage industry to make edible oils, fat and coco butter in several products are the major factors that are contributing to the growth of global shea butter market over the forecast period. Increasing demand of the product in personal care, cosmetic sector, bakery and others are further contributing to the expansion of global shea butter market in the coming years.
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Major companies profiled in the global Shea butter market report are Bunge Loders Croklaan, Savannah Fruits Company, Ghana Nuts Company Ltd, Akoma Cooperative Multipurpose Society, SHEBU Industries Limited, and Baraka Shea Butter among others.
Rise in the cosmetic industry due to increasing demand of the products by the individuals due to rising importance of self care as well as increasing disposable incomes of the individuals and increasing number of uses of the product in making moisturizing, anti-aging, anti wrinkle, anti-inflammatory creams and other lotions are increasing its usage in the cosmetic and healthcare industry, thereby creating opportunities for the expansion of global shea butter market over the analysis period. Moreover increasing research and development activities for the innovation of products that will help the customers in maintaining their well being is further creating a positive impact on the expansion of the global shea butter market over the forecast period.
Shea butter is a fat substance that is extracted from a tree and it is then used for various purposes. However, easily available alternatives to the shea butter such as avocado butter or mango butter which are cheaper and convenient for buying, are likely to hamper the growth of global shea butter market over the forecast period. However, rising cases of the COVID-19 pandemic has caused disturbances in the manufacturing and supply chain of the products, along with the temporary shutdowns of malls and stores are the major factors that are hampering the market growth.
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Based on a geological analysis, the global shea butter market is fragmented into China, Nigeria, Sweden, UAE, Netherlands, Saudi Arabia, Germany, France, Belgium, India, Canada, Turkey, Switzerland, South UK, Korea, Egypt, United States, Philippines, Poland, China, Europe, Thailand, USA, Columbia, Chile, Australia, Spain, Italy and rest of the world. In terms of vertical spectrum, the document is bifurcated into cosmetic, food and medical. In terms of type, the market is divided into unrefined and raw butter and refined butter.
Key segments of the global shea butter market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
• Raw & unrefined shea butter
• Refined shea butter
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
• Food
• Cosmetic
• Medical
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• Americas
o U.S.
o Brazil
• Europe
o Germany
o UK
o Belgium
• Asia-Pacific
o China
o Japan
• Middle East & Africa
o Western Africa
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