Shea Butter Market by Application and Geography - Forecast and Analysis 2021-2025

The shea butter market share is expected to increase by USD 1.32 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.41%.

This shea butter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers shea butter market segmentation by application (food, personal care, and pharmaceuticals) and geography (Europe, North America, APAC, MEA, and South America). The shea butter market report also offers information on several market vendors, including BASF SE, Bunge Ltd., Ghana Nuts Co. Ltd., Jedwards International Inc., LOccitane International SA, SeKaf Ghana Ltd., Shearadiance, The Organic Shea Butter Co., The Savannah Fruits Co., and Unilever Group among others.

What will the Shea Butter Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Shea Butter Market Size for the Forecast Period and Other Important Statistics

Shea Butter Market: Key Drivers and Challenges

The rising levels of lactose intolerance is notably driving the shea butter market growth, although factors such as over-dependence on Africa for production may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the shea butter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Shea Butter Market Driver

The increasing lactose intolerance population could drive the growth of the shea butter market during the forecast period. The growing incidences of food allergies such as lactose intolerance have spurred the demand for lactose-free products such as shea butter. These products are highly digestible ? a factor that enhances their bioavailability. This will likely contribute to the growth of the lactose-free food market in the coming years. In the US and Europe, the sales of lactose-free products doubled in recent times due to the rising number of self-diagnosed cases of lactose intolerances. Furthermore, shea butter is often included in self-tan products to provide moisturizing benefits and ensure a smoother, more even application of the tan. Almost all individuals are born with lactase and the ability to digest lactose. However, this might be changed genetically after childhood or due to some health conditions in the lining of the intestine that destroys the lactase. 

Key Shea Butter Market Challenge

Shea butter is extracted from shea nuts that are primarily grown in West and Central Africa also referred to as the Shea belt. The high dependence on Africa is a significant challenge for the shea butter market. Any significant change in the region, such as natural disasters, could severely hamper the production of shea butter. This could be hindering the global supply. In terms of production, Africa accounts for more than 90% of total shea butter production. Africa also faces many social and economic challenges that could impact shea butter production. For instance, the lack of proper hygienic water or the absence of modern processing facilities could adversely impact the quality of shea butter. One of the significant problems that the key shea-producing countries, such as Nigeria, face is water scarcity. This issue crops up, especially during the dry season when there is not much rainfall. In addition, the production of shea butter using modern equipment is facing challenges such as the lack of proper electricity supply in the region.

This shea butter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Shea Butter Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• BASF SE
• Bunge Ltd.
• Ghana Nuts Co. Ltd.
• Jedwards International Inc.
• LOccitane International SA
• SeKaf Ghana Ltd.
• Shearadiance
• The Organic Shea Butter Co.
• The Savannah Fruits Co.
• Unilever Group

This statistical study of the shea butter market encompasses successful business strategies deployed by the key vendors. The shea butter market is fragmented and the vendors are boosting production capacities, focusing on technological innovation, and establishing tie-ups with online e-commerce firms to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The shea butter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Shea Butter Market?