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The report titled “Shea Butter Market: Global Demand Analysis and Opportunity Outlook for 2024” provides a detailed overview of the global Shea butter market in terms of market segmentation by type, by application and by region.
Additionally, for in-depth analysis, the report covers industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s Five Forces Model.
The world market for shea butter is segmented on the basis of its application in food, cosmetics and personal care, medical and other. Among these segments, the cosmetics and personal care segment is expected to account for the largest market share in the overall shea butter market during the forecast period. Additionally, the cosmetics and personal care segment is expected to experience the highest CAGR growth in the overall shea butter market over the forecast period. The benefits and beneficial properties of shea butter, such as inflammatory, skin care, anti-aging and moisturizing properties, are driving up the demand for shea butter. In addition, the growing demand for natural cosmetic products is expected to drive the growth of the shea butter market.
The global shea butter market is expected to grow at a strong CAGR over the forecast period. Increasing adoption of organic products, increased awareness among consumers, and increasing adoption of chocolate are anticipated to drive the growth of the shea butter market during the forecast period. Also, different parts of shea butter are used for treating various diseases and infections. Consequently, the increasing medical application of shea is anticipated to spearhead future market growth.
The European market accounted for a significant market share in the overall market for shea butter in 2016. Furthermore, the increasing demand and increasing adoption of natural cosmetics and personal care products among consumers are advancing for the growth of the European market. Additionally, shea butter is expected to gain significant traction due to its increasing application in soap and cosmetic manufacturing. Asia Pacific is anticipated to witness significant growth during the forecast period. Increased use of shea butter to prevent cholesterol is expected to promote the growth of shea butter. Additionally, the increasing prevalence of cholesterol among people in Asia Pacific is expected to drive market growth.
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Growing cosmetic and personal care application
Increased awareness of the body care and facial care benefits of shea butter indicates a promising growth of the shea butter market in the coming years. These properties result in greater use in the cosmetic and personal care industry. Additionally, the growing popularity of labeled natural cosmetic products is anticipated to benefit market growth in the long term.
Rising market for products based on natural ingredients
The growing demand for products based on natural ingredients is positively impacting the growth of the shea butter market. Also, the increased consumption of chocolate along with the increasing use of shea butter in chocolate is contributing to the growth of the market.
Although, the availability of alternatives and the absence of standards and norms are some of the factors that are likely to hamper the growth of the global shea butter market during the forecast period.
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This report also provides the existing competitive landscape of some of the key players in the global Shea Butter market, including company profiling of Star Shea Ltd, Shea Radiance, Vink Chemicals GmbH & Co. KG, Jedwards International, Inc ., IOI Loders Croklaan, Ghana Nuts Ltd, Maison Karite Sociedad Limitada, Adunni Ori Ltd., Timiniya Tuma Company Ltd and Savanna Shea Industries. Profiling includes key company information including business overview, products and services, key finances, and recent news and developments. Overall, the report outlines a detailed overview of the Global Shea Butter Market that will help Industry Consultants, Equipment Manufacturers, Existing Players Seeking Expansion Opportunities, New Players Seeking Possibilities, and Other Stakeholders to Align Their Focused Strategies. in the market according to the current and expected. trends in the future.
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Research Nester is a leading provider of strategic market research and consulting services. Our goal is to provide unrivaled and unbiased market information and industry analysis to help industries, conglomerates and executives make sound decisions for their future marketing, expansion and investment strategy, etc. We believe that all companies can expand to their new horizon, providing the right guidance at the right time is available through strategic minds. Our innovative thinking helps our clients make the right decisions to avoid future uncertainties.
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AJ Daniel
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