Shea butter is a fat obtained from the nut of tree Vitellaria paradoxa and is composed chiefly of stearic acid and oleic acid. Shea butter finds broad applications is cosmetics as a moisturizer, salve or lotion and is also used as food in many African countries. By composition, it contains 40 to 60 % oleic acid, 20 to 50 % stearic acid, 3 to 11 % of linoleic acid, 2 to 9 % of palmitic acid less than 1 % of arachidic acid. The total collectible production of Shea butter in 2015 was 600,000 tons valued at 10.6 billion in 2016, which is anticipated to expand at a CAGR of 9.3 % during the forecast period ending 2023.

Global Key Players and Competition Analysis

Key players profiled in the report are VINK CHEMICALS GMBH & CO. KG, The Organic Shea Butter Company, The Savannah Fruits Company, Ghana Nuts Limited, The Hershey Company, Star Shea Ltd., Shea Therapy Ltd., Shea Radiance, Churchwin Trading, Barry Callebaut Group, and others.

Segmentation Analysis

To gauge an accurate understanding of the Shea Butter Market potentiality, the report is segmented by species, applications, certification, and regions.

Based on the species, the market is bifurcated as vitellaria paradoxa and vitellaria nilotica.
Based on the applications, the market is composed of food, cosmetics, medicines, and others.
Based on certification, the market is segmented into certified, uncertified and others.
Based on geographical regions, the market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa.
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Regional Analysis

The Middle East and Africa is the largest market for Shea butter owing to its traditional popularity and the copious consumption of Shea butter as oil in African nations. Europe led by France and Germany accounts for the second largest market owing to the high presence of global players such as L'Oreal S.A. and sizeable cosmetic industry of France. Europe is followed by North America. India is expected to top the list of the fastest growing markets in the world owing to its fast-developing cosmetics sector and the substantial investment made by cosmetic giants such as Lakme and Revlon in the Indian market.

Market Scope

Growing Awareness about Anti-Aging Drugs Is Driving A Large Demand for Natural and Organic Cosmetics. The World Health Organization (WHO), projects that the world's population over 60 years by 2050 will almost double from 12 % to 22 %. Alliance and support from Global Shea Alliance and the United States Agency for International Development (USAID), which signed a USD 13 million, five-year agreement to promote Shea markets worldwide, is expected to drive demand and export.

Browse more details about “Shea Butter Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/shea-butter-market-6160

Industry News:
June, 2018 Market Research Future published an upcoming Research Report on Global Shea Butter Market Research Report