Shea Butter Market Research Report—Forecast till 2026

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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), COVID 19 Impacts We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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

LIST OF TABLES TABLE 1 PRIMARY INTERVIEWS 23 TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 27 TABLE 3 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY TYPE, 2018–2026 (USD MILLION) 42 TABLE 4 REFINED: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 42 TABLE 5 UNREFINED/RAW: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 43 TABLE 6 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018–2026 (USD MILLION) 45 TABLE 7 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 45 TABLE 8 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 46 TABLE 9 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018–2026 (USD MILLION) 48 TABLE 10 FOOD AND BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 48 TABLE 11 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 49 TABLE 12 PHARMACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 50 TABLE 13 GLOBAL SHEA BUTTER MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 52 TABLE 14 NORTH AMERICA: SHEA BUTTER MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 (USD MILLION) 53 TABLE 15 NORTH AMERICA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 54 TABLE 16 NORTH AMERICA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 54 TABLE 17 NORTH AMERICA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 54 TABLE 18 US: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 55 TABLE 19 US: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 55 TABLE 20 US: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 55 TABLE 21 CANADA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 56 TABLE 22 CANADA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 56 TABLE 23 CANADA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 56 TABLE 24 MEXICO: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 57 TABLE 25 MEXICO: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 57 TABLE 26 MEXICO: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 57 TABLE 27 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 (USD MILLION) 59 TABLE 28 EUROPE: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 59 TABLE 29 EUROPE: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 59 TABLE 30 EUROPE: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 60 TABLE 31 UK: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 60 TABLE 32 UK: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 60 TABLE 33 UK: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 61 TABLE 34 GERMANY: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 61 TABLE 35 GERMANY: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 61 TABLE 36 GERMANY: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 62 TABLE 37 FRANCE: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 62 TABLE 38 FRANCE: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 62 TABLE 39 FRANCE: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 63 TABLE 40 ITALY: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 63 TABLE 41 ITALY: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 63 TABLE 42 ITALY: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 64 TABLE 43 SPAIN: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 64 TABLE 44 SPAIN: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 64 TABLE 45 SPAIN: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 65 TABLE 46 REST OF EUROPE: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 65 TABLE 47 REST OF EUROPE: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 65 TABLE 48 REST OF EUROPE: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 66 TABLE 49 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 (USD MILLION) 68 TABLE 50 ASIA-PACIFIC: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 68 TABLE 51 ASIA-PACIFIC: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 68 TABLE 52 ASIA-PACIFIC: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 69 TABLE 53 CHINA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 69 TABLE 54 CHINA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 69 TABLE 55 CHINA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 70 TABLE 56 INDIA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 70 TABLE 57 INDIA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 70 TABLE 58 INDIA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 71 TABLE 59 JAPAN: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 71 TABLE 60 JAPAN: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 71 TABLE 61 JAPAN: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 72 TABLE 62 AUSTRALIA & NEW ZEALAND: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 72 TABLE 63 AUSTRALIA & NEW ZEALAND: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 72 TABLE 64 AUSTRALIA & NEW ZEALAND: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 73 TABLE 65 REST OF ASIA-PACIFIC: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 73 TABLE 66 REST OF ASIA-PACIFIC: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 73 TABLE 67 REST OF ASIA-PACIFIC: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 74 TABLE 68 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2018–2026 (USD MILLION) 75 TABLE 69 REST OF THE WORLD: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 76 TABLE 70 REST OF THE WORLD: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 76 TABLE 71 REST OF THE WORLD: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 76 TABLE 72 SOUTH AMERICA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 77 TABLE 73 SOUTH AMERICA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 77 TABLE 74 SOUTH AMERICA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 77 TABLE 75 MIDDLE EAST: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 78 TABLE 76 MIDDLE EAST: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 78 TABLE 77 MIDDLE EAST: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 78 TABLE 78 AFRICA: SHEA BUTTER MARKET, BY TYPE, 2018–2026 (USD MILLION) 79 TABLE 79 AFRICA: SHEA BUTTER MARKET, BY CATEGORY, 2018–2026 (USD MILLION) 79 TABLE 80 AFRICA: SHEA BUTTER MARKET, BY APPLICATION, 2018–2026 (USD MILLION) 79 TABLE 81 EXPANSIONS 82 TABLE 82 PARTNERSHIP 82 TABLE 83 BASF SE: PRODUCTS OFFERED 84 TABLE 84 BUNGE LTD: PRODUCTS OFFERED 87 TABLE 85 BUNGE LTD: KEY DEVELOPMENTS 87 TABLE 86 CARGILL, INCORPORATED: PRODUCTS OFFERED 90 TABLE 87 CARGILL, INCORPORATED: KEY DEVELOPMENTS 90 TABLE 88 AAK AB: PRODUCTS OFFERED 93 TABLE 89 VINK CHEMICALS GMBH & CO. KG: PRODUCTS OFFERED 94 TABLE 90 SOPHIM S.A: PRODUCTS OFFERED 96 TABLE 91 GHANA NUTS COMPANY LIMITED: PRODUCTS OFFERED 97 TABLE 92 SHEA RADIANCE: PRODUCTS OFFERED 98 TABLE 93 THE ORGANIC SHEA BUTTER COMPANY: PRODUCTS OFFERED 99 TABLE 94 THE SAVANNAH FRUITS COMPANY: PRODUCTS OFFERED 100

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