Shea Butter Market is anticipated to grow at a CAGR of 4%-5% during 2020-2025

The global shea butter market is projected to grow at a CAGR of 4%-5% during 2020-2025. The growth of shea butter market is driven by growing consumer awareness regarding the benefits of natural products like shea butter and its increasing demand from the cosmetics and personal care industries.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the shea butter market by application (cosmetic and personal care, food and beverage, pharmaceuticals, and others), product type (raw and unrefined shea butter and refined shea butter), species (vitellaria paradoxa and vitellaria nilotica), and region (North America, Europe, Asia Pacific, and Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the shea butter market?

Q.4 What are some changing demands of customers in the shea butter market?

Q.5 What are the new developments in the shea butter market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this shea butter area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this shea butter market?

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Market Segmentation:

Based on product type, the shea butter market is segmented into raw and unrefined shea butter and refined shea butter. The raw and unrefined shea butter segment is accounted for the largest share of the market in 2020 due to the features like presence of vitamin A and vitamin E and distinct odor making it imperative for maintaining skin’s elasticity and suppleness.

Asia Pacific is expected to be the largest region over the forecast period due to high rate of adoption of shea butter products among various end users, and rising demand for cosmetic products that contain natural ingredients such as shea butter.

Key Players in the Shea butter market are BASF, Olvea, Sophim, Cargill, Suru Chemicals, Ghana Nuts, Croda, Agrobotanicals, Clariant, and AAK AB.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/shea-butter-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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