Shea Butter Market Analysis by Size, Share Trends, Qualitative Outlook – Global Forecast 2022 to 2031

Kenneth Research recently released a report titled Shea Butter Market which gives comprehensive insights into the current market environment. The report also offers an in-depth analysis of the market on the basis of size, volume, and compound annual growth rate (CAGR) during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Shea Butter Market products.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Shea Butter Market. The report analyses the Shea Butter Market of 4 regions (North America, Europe, Asia Pacific, Rest of the World) and 10 countries that includes U.S., Canada, Brazil, U.K. Germany, France, Italy, China, India & South Korea. The Shea Butter market of the 4 regions and 10 countries have been analysed by value and by volume. The data has been presented for the historical period of 2014-2018 and the forecast period of 2019-2024.

According to Azoth Analytics research report, the Global Shea Butter market value is projected to display a robust growth represented by a CAGR of 6.27% by value and 7.90% by volume during 2019–2024.

Over the recent years, Shea Butter market has been witnessing considerable growth on the back of increasing demand for chocolate in emerging and developing nations and growing urban population. Moreover, rise in the demand for heathy and nutritious food and rising number of high-net-worth individuals has been driving the market of Shea Butter globally. Further, increasing demand for cosmetics and personal care products is expected to drive market growth in forecast period. Among the countries, US, Germany & U.K accounts for the largest share in the Global Shea Butter Market in 2018.

The market condition of shea butter has been improving gradually with easy availability of shea butter in large number of hypermarkets, supermarket and online platforms. Also, rising consumer base along with increasing number of shea butter processors driving growth in the shea butter market. The European region holds the largest market of shea butter and it is estimated that Europe will continue to hold largest market share in the forecast period. However, APAC region will continue to grow with highest growth rate among the regions.

Global Shea Butter Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• By Type – Raw & Unrefined and Refined Shea Butter
• By End User – Cosmetics & Personal Care, Food Processing, Pharmaceuticals
• By Nature – Organic and Conventional
• By Distribution Channel – Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores, Others

Regional Analysis – North America, Europe, APAC, ROW (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• By Type – Raw & Unrefined and Refined Shea Butter
• By End User – Cosmetics & Personal Care, Food Processing, Pharmaceuticals
• By Nature – Organic and Conventional
• By Distribution Channel – Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores, Others

Country Analysis – U.S., Canada, Brazil, UK, Germany, France, Italy, China, India, South Korea. (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• By Type – Raw & Unrefined and Refined Shea Butter
• By End User – Cosmetics & Personal Care, Food Processing, Pharmaceuticals
• By Nature – Organic and Conventional
• By Distribution Channel – Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores, Others

Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• SWOT Analysis.
• Porter’s Five Forces.

Company Analysis – AAK, SeKaf Ghana Limited, Ojoba Collective, Fuji Oil Holdings Inc, Savannah Fruits Company, Ghana Nuts, IOI Group, Bunge Ltd., Timiniya Tuma Company Ltd. (TT), Akoma Cooperative Multipurpose Society

The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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