Shea Butter Market Research Report—Forecast till 2026

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Global Shea Butter Market is anticipated to exhibit a CAGR of 5.40% to surpass USD 1,048.2 Million by 2026. Shea butter is obtained from the nuts of the shea tree of West Africa. This kind of butter is having a wide range of applications in various industries such as cosmetics health products and the confectionery and chocolate industry.

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Shea Butter Market Research Report—Forecast till 2026

Market Overview
Global Shea Butter Market is anticipated to exhibit a CAGR of 5.40% to surpass USD 1,048.2 Million by 2026. Shea butter is obtained from the nuts of the shea tree of West Africa. This kind of butter is having a wide range of applications in various industries such as cosmetics health products and the confectionery and chocolate industry. It has various health benefits such as antioxidants, antibacterial, anti-inflammatory. The growth of the global shea butter market growth is driven by the declining production of cocoa beans and the increasing demand for cocoa beans. Additionally, with the decreasing production of cocoa beans, many manufacturers are moving towards cocoa butter alternatives to gain higher revenue. Furthermore, the decreased production of cocoa beans has highly affected their prices and has reduced their profitability. Hence, manufacturers are opting for cocoa butter alternatives that are not only derived from natural ingredients but also draw greater margins and higher profits.
Global Shea Butter Market is anticipated to exhibit a significant expansion rate during the review period. The global market growth is attributed to the potential demand for shea butter from various industries such as personal care, food & beverage, and pharmaceuticals. The increasing need for natural ingredients products is estimated to offer various lucrative growth opportunities to the market players during the review period. However, stringent regulatory frameworks imposed by certain countries/regions are expected to restrain the growth of the global shea butter market.
Market Segmentation
Global Shea Butter Market has been categorized By Flavor, Category, and Application. In terms of Flavor, the global market is bifurcated into Refined and Unrefined/Raw
By Category segment, the Global Shea Butter Market has been segmented into Conventional and Organic. Based on the Application segment the global market has been divided into Food & Beverages, Personal Care, and Pharmaceuticals.
Regional Analysis
The geographic analysis of the global Shea Butter market research report has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Europe is expected to dominate the global market owing to the largest share of 37.13% in 2019. The growth of the regional market is driven by various factors such as the rising consumer inclination towards baked products and confectionery. The usage of shea butter is increasing rapidly over the last few years in bakery and confectionery products. Furthermore, the Europe region’s notable market share can be attributed to the existence of prominent confectionery companies in the region such as the Ferrero Group, Nestlé SA, Chocoladenfabriken Lindt & Sprüngli AG, and Pladis.
Major Players
The Key Players operating in the Global Shea Butter Market are BASF SE (Germany), Bunge Ltd (US), Cargill, Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophie S.A (France), Ghana Nuts Company Limited (Ghana), Shea Radiance (US),

 

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL SHEA BUTTER MARKET, BY TYPE 16

1.1.2 GLOBAL SHEA BUTTER MARKET, BY CATEGORY 17

1.1.3 GLOBAL SHEA BUTTER MARKET, BY APPLICATION 18

1.1.4 GLOBAL SHEA BUTTER MARKET, BY REGION 19

2 MARKET INTRODUCTION
2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET DYNAMICS
4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 DECLINING PRODUCTION OF COCOA BEANS ALONG WITH ESCALATING DEMAND FOR COCOA BUTTER ALTERNATIVES 29

4.2.2 POTENTIAL DEMAND OF SHEA BUTTER FROM VARIOUS INDUSTRIES 29

4.2.3 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINTS 30

4.3.1 STRINGENT REGULATORY FRAMEWORKS 30

4.3.2 RESTRAINTS IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 GROWING DEMAND FOR NATURAL INGREDIENTS PRODUCTS 31

4.5 CHALLENGES 31

4.5.1 HIGH PRI CES OF SHEA BUTTER 31

5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 32

5.1.1 RAW MATERIALS 33

5.1.2 PROCESSING 33

5.1.2.1 CURING 33

5.1.2.2 EXTRACTION 33

5.1.2.3 REFINING 33

5.1.2.4 FRACTIONATION 34

5.1.3 PACKAGING 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER’S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 BARGAINING POWER OF BUYERS 37

5.3.4 THREAT OF SUBSTITUTES 37

5.3.5 RIVALRY 37

5.4 IMPORT & EXPORT ANALYSIS, 2019 38

5.5 LIST OF SHEA KERNELS TO SHEA BUTTER PROCESSING MAJOR COUNTRIES, BY REGION 38

5.6 APPLICATION OF SHEA BUTTER IN VARIOUS INDUSTRY 39

6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL SHEA BUTTER MARKET
7 GLOBAL SHEA BUTTER MARKET, BY TYPE
7.1 OVERVIEW 41

7.1.1 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY TYPE, 2018–2026 42

7.2 REFINED 42

7.2.1 REFINED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 42

7.3 UNREFINED/RAW 43

7.3.1 UNREFINED/RAW: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 43

8 GLOBAL SHEA BUTTER MARKET, BY CATEGORY
8.1 OVERVIEW 44

8.1.1 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018–2026 45

8.2 CONVENTIONAL 45

8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 45

8.3 ORGANIC 46

8.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 46

9 GLOBAL SHEA BUTTER MARKET, BY APPLICATION
9.1 OVERVIEW 47

9.1.1 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018–2026 48

9.2 FOOD AND BEVERAGES 48

9.2.1 FOOD AND BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 48

9.3 PERSONAL CARE 49

9.3.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 49

9.4 PHARMACEUTICALS 50

9.4.1 PHARMACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 50

10 GLOBAL SHEA BUTTER MARKET, BY REGION
10.1 OVERVIEW 51

10.2 NORTH AMERICA 53

10.2.1 US 55

10.2.2 CANADA 56

10.2.3 MEXICO 57

10.3 EUROPE 58

10.3.1 UK 60

10.3.2 GERMANY 61

10.3.3 FRANCE 62

10.3.4 ITALY 63

10.3.5 SPAIN 64

10.3.6 REST OF EUROPE 65

10.4 ASIA-PACIFIC 67

10.4.1 CHINA 69

10.4.2 INDIA 70

10.4.3 JAPAN 71

10.4.4 AUSTRALIA & NEW ZEALAND 72

10.4.5 REST OF ASIA-PACIFIC 73

10.5 REST OF THE WORLD 75

10.5.1 SOUTH AMERICA 77

10.5.2 MIDDLE EAST 78

10.5.3 AFRICA 79

11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION 80

11.1.1 MARKET STRATEGY ANALYSIS 80

11.2 COMPETITIVE BENCHMARKING 81

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 82

11.3.1 EXPANSIONS 82

11.3.2 PARTNERSHIP 82

12 COMPANY PROFILES
12.1 BASF SE 83

12.1.1 COMPANY OVERVIEW 83

12.1.2 FINANCIAL OVERVIEW 84

12.1.3 PRODUCTS OFFERED 84

12.1.4 KEY DEVELOPMENTS 84

12.1.5 SWOT ANALYSIS 85

12.1.6 KEY STRATEGIES 85

12.2 BUNGE LTD 86

12.2.1 COMPANY OVERVIEW 86

12.2.2 FINANCIAL OVERVIEW 86

12.2.3 PRODUCTS OFFERED 87

12.2.4 KEY DEVELOPMENTS 87

12.2.5 SWOT ANALYSIS 87

12.2.6 KEY STRATEGIES 88

12.3 CARGILL, INCORPORATED 89

12.3.1 COMPANY OVERVIEW 89

12.3.2 FINANCIAL OVERVIEW 89

12.3.3 PRODUCTS OFFERED 90

12.3.4 KEY DEVELOPMENTS 90

12.3.5 SWOT ANALYSIS 90

12.3.6 KEY STRATEGIES 91

12.4 AAK AB 92

12.4.1 COMPANY OVERVIEW 92

12.4.2 FINANCIAL OVERVIEW 92

12.4.3 PRODUCTS OFFERED 93

12.4.4 KEY DEVELOPMENTS 93

12.4.5 SWOT ANALYSIS 93

12.4.6 KEY STRATEGIES 93

12.5 VINK CHEMICALS GMBH & CO. KG 94

12.5.1 COMPANY OVERVIEW 94

12.5.2 FINANCIAL OVERVIEW 94

12.5.3 PRODUCTS OFFERED 94

12.5.4 KEY DEVELOPMENTS 94

12.5.5 SWOT ANALYSIS 95

12.5.6 KEY STRATEGIES 95

12.6 SOPHIM S.A 96

12.6.1 COMPANY OVERVIEW 96

12.6.2 FINANCIAL OVERVIEW 96

12.6.3 PRODUCTS OFFERED 96

12.6.4 KEY DEVELOPMENTS 96

12.6.5 KEY STRATEGIES 96

12.7 GHANA NUTS COMPANY LIMITED 97

12.7.1 COMPANY OVERVIEW 97

12.7.2 FINANCIAL OVERVIEW 97

12.7.3 PRODUCTS OFFERED 97

12.7.4 KEY DEVELOPMENTS 97

12.7.5 KEY STRATEGIES 97

12.8 SHEA RADIANCE 98

12.8.1 COMPANY OVERVIEW 98

12.8.2 FINANCIAL OVERVIEW 98

12.8.3 PRODUCTS OFFERED 98

12.8.4 KEY DEVELOPMENTS 98

12.8.5 KEY STRATEGIES 98

12.9 THE ORGANIC SHEA BUTTER COMPANY 99

12.9.1 COMPANY OVERVIEW 99

12.9.2 FINANCIAL OVERVIEW 99

12.9.3 PRODUCTS OFFERED 99

12.9.4 KEY DEVELOPMENTS 99

12.9.5 KEY STRATEGIES 99

12.10 THE SAVANNAH FRUITS COMPANY 100

12.10.1 COMPANY OVERVIEW 100

12.10.2 FINANCIAL OVERVIEW 100

12.10.3 PRODUCTS OFFERED 100

12.10.4 KEY DEVELOPMENTS 100

12.10.5 KEY STRATEGIES 100

13 REFERENCES

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