Global Shea Butter Market (Volume, Value) - 2019 Edition

Date: 1 September 2019

According to a research report published by Azoth Analytics in June 2019, the Global Shea Butter Market was valued at USD 2276.87 million the year 2018. Global Shea Butter market is expected to grow mainly due to rapid urbanization in emerging economies, growing chocolate and bakery industry and increasing health awareness among consumer in developing region along with increasing demand for the cosmetics and personal care products. In addition, ever growing urban and working population align with rising income and old population is fuelling the shea butter market.

The Azoth Analytics research report titled “Global Shea Butter Market (Volume, Value) - 2019 Edition: Opportunities and Forecast (2019-2024)” has analysed and segmented the Shea Butter market By Value (USD Million) and By Volume (Thousand Tonne). The report has analysed the Shea Butter Market By Type (Raw & Unrefined and Refined Shea Butter), By End User (Cosmetics & Personal Care, Food Processing and Pharmaceuticals), By Nature (Organic and Conventional) and By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online Channel, Convenience Stores and Others). The shea butter market has been analyzed By Region (North America, Europe, Asia Pacific, ROW-Latin America, Middle East & Africa) and By Country (U.S, Canada, Brazil, UK, Germany, France, Italy, China, India, South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Global Shea Butter Market is primarily driven by growing urbanization and shifting consumers inclinations from conventional food to processed foods. Also, the ever-rising price of cocoa butter is diverting the consumer towards the consumption of shea butter.

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