A recent report published by Infinium Global Research on shea butter market provides an in-depth analysis of segments and sub-segments in the global as well as regional shea butter market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional shea butter market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global shea butter market. According to the report, the global shea butter market is projected to grow at a CAGR of 4.8% over the forecast period of 2019-2025.
Shea butter is a type of superfood, which comes from the nuts of the shea tree. It is solid at a warm temperature and has ivory color. It is rich in vitamins A, E and F, and fatty acids. It has several health beneficial qualities, which makes its application in pharmaceutical, cosmetic and food processing industries. It has high fatty acid content such as oleic, linoleic, palmitic and stearic acids, which makes it a good moisturizing agent. The moisturizing product made of shea butter works as a protective barrier between skin and outer environment, and preserve the moisture of the skin and eliminate the risk of skin dryness. Further, the presence of high level of linoleic acid and oleic acid, help to absorb excess oil present on the skin. The plant esters of shea butter have anti-inflammatory properties, which helps it to be useful for several anti-inflammatory medicines.
The growing awareness about the shea butter and its health benefits are helping to grow its demand around the world. The growing trend of organic and plant-based ingredients application for skin, pharmaceutical, and the food product is boosting the growth of the shea butter based beauty, pharmaceutical, and food ingredient products. However, the availability of the several synthetic and organic products which works as the same the function of the shea butter is restraining the growth of the shea butter market.
Regionally, global shea butter market is segmented into North America, Europe, Asia-Pacific, and RoW. North America holds a large share of the market, owing to the presence of numerous food processing, pharmaceutical, cosmetic companies in this region. Additionally, the availability of well-informed consumers, who are very much familiar with the different type of organic sources of butter is boosting the growth of the shea butter market in North America. Europe is the second-largest market after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for the different type of shea butter based skin cream, pharmaceutical and food ingredients for domestic and industrial purpose.
The report on global shea butter market covers segments such as grade, and end use. On the basis of grade, the sub-markets include grade A (unrefined), grade B (refined), and grade C (highly refined). On the basis of end use, the sub-markets include cosmetics & personal care, food processing, pharmaceuticals, and other end use.
The report provides profiles of the companies in the market such as The Archer Daniels Midland Company, Clariant AG, Cargill, Incorporated, Yasham Speciality Ingredients Pvt. Ltd., INTERNATIONAL OILS & FATS LIMITED, Natural Sourcing LLC, Suru Chemicals & Pharmaceuticals Private Limited, Sophim S.A, Agrobotanicals, LLC, and Ghana Nuts Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of shea butter market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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