The North America Shea Butter Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Shea butter is naturally available in limited regions, the proliferation of online distribution channels has helped in the market growth immensely. Online retail is known to offer a wide variety of cosmetic products made from shea butter from numerous manufacturers. Online platforms also help consumers to compare the offerings from multiple sellers with regard to price, ingredients, degree of processing, the origin of the product, etc.
The availability of such extensive information helps the consumer in making a sound decision. Therefore, online platforms have increased the accessibility of the product significantly. In addition, the presence of numerous social media platforms has increased the visibility and awareness of shea butter products. This has successfully helped in increasing the number of people willing to try a new product like shea butter.
In the North American region, shea butter is widely used in the production of cosmetics as an adequate substitute for cocoa butter owing to its beneficial natural properties. Additionally, people in the region have increased their annual expenditures on cosmetic and personal care products. This is highly perceptible among the millennial population. The increasing adoption of eCommerce portals, along with the rising spending on products, is proving to be significant contributors to the shea butter-based products increased demand.
The US market dominated the North America Shea Butter Market by Country in 2021; thereby, achieving a market value of $609.8 million by 2028. The Canada market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8% during (2022 - 2028).
Based on Product, the market is segmented into Raw & Unrefined and Refined. Based on Application, the market is segmented into Cosmetics & Personal Care, Food and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Shea Butter Market is Estimated to reach $3 Billion by 2028, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AAK AB, Bunge Limited, BASF SE, Archer-Daniels-Midland Company, Clariant AG, Croda International PLC, Cargill, Incorporated, Stern-Wywiol Gruppe GmbH & Co. KG, OLVEA Group, 3F Industries Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Application
- Cosmetics & Personal Care
- Food
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AAK AB
- Bunge Limited
- BASF SE
- Archer-Daniels-Midland Company
- Clariant AG
- Croda International PLC
- Cargill, Incorporated
- Stern-Wywiol Gruppe GmbH & Co. KG
- OLVEA Group
- 3F Industries Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Shea Butter Market, by Product
1.4.2 North America Shea Butter Market, by Application
1.4.3 North America Shea Butter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Shea Butter Market by Product
3.1 North America Raw & Unrefined Market by Country
3.2 North America Refined Market by Country
Chapter 4. North America Shea Butter Market by Application
4.1 North America Cosmetics & Personal Care Market by Country
4.2 North America Food Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Shea Butter Market by Country
5.1 US Shea Butter Market
5.1.1 US Shea Butter Market by Product
5.1.2 US Shea Butter Market by Application
5.2 Canada Shea Butter Market
5.2.1 Canada Shea Butter Market by Product
5.2.2 Canada Shea Butter Market by Application
5.3 Mexico Shea Butter Market
5.3.1 Mexico Shea Butter Market by Product
5.3.2 Mexico Shea Butter Market by Application
5.4 Rest of North America Shea Butter Market
5.4.1 Rest of North America Shea Butter Market by Product
5.4.2 Rest of North America Shea Butter Market by Application
Chapter 6. Company Profiles
6.1 AAK AB
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Acquisition and Mergers:
6.2 Bunge Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Approvals and Trials:
6.2.5.2 Geographical Expansions:
6.3 BASF SE
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.4 Archer-Daniels-Midland Company
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Clariant AG
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.6 Croda International PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.7 Cargill, Incorporated
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Acquisition and Mergers:
6.8 Stern-Wywiol Gruppe GmbH & Co. KG
6.8.1 Company Overview
6.9 OLVEA Group
6.9.1 Company Overview
6.10. 3F Industries Ltd.
6.10.1 Company Overview
TABLE 1 North America Shea Butter Market, 2018 - 2021, USD Million
TABLE 2 North America Shea Butter Market, 2022 - 2028, USD Million
TABLE 3 North America Shea Butter Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Shea Butter Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Raw & Unrefined Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Raw & Unrefined Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Refined Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Refined Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Shea Butter Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Shea Butter Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Cosmetics & Personal Care Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Cosmetics & Personal Care Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Food Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Food Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Shea Butter Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Shea Butter Market by Country, 2022 - 2028, USD Million
TABLE 19 US Shea Butter Market, 2018 - 2021, USD Million
TABLE 20 US Shea Butter Market, 2022 - 2028, USD Million
TABLE 21 US Shea Butter Market by Product, 2018 - 2021, USD Million
TABLE 22 US Shea Butter Market by Product, 2022 - 2028, USD Million
TABLE 23 US Shea Butter Market by Application, 2018 - 2021, USD Million
TABLE 24 US Shea Butter Market by Application, 2022 - 2028, USD Million
TABLE 25 Canada Shea Butter Market, 2018 - 2021, USD Million
TABLE 26 Canada Shea Butter Market, 2022 - 2028, USD Million
TABLE 27 Canada Shea Butter Market by Product, 2018 - 2021, USD Million
TABLE 28 Canada Shea Butter Market by Product, 2022 - 2028, USD Million
TABLE 29 Canada Shea Butter Market by Application, 2018 - 2021, USD Million
TABLE 30 Canada Shea Butter Market by Application, 2022 - 2028, USD Million
TABLE 31 Mexico Shea Butter Market, 2018 - 2021, USD Million
TABLE 32 Mexico Shea Butter Market, 2022 - 2028, USD Million
TABLE 33 Mexico Shea Butter Market by Product, 2018 - 2021, USD Million
TABLE 34 Mexico Shea Butter Market by Product, 2022 - 2028, USD Million
TABLE 35 Mexico Shea Butter Market by Application, 2018 - 2021, USD Million
TABLE 36 Mexico Shea Butter Market by Application, 2022 - 2028, USD Million
TABLE 37 Rest of North America Shea Butter Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Shea Butter Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Shea Butter Market by Product, 2018 - 2021, USD Million
TABLE 40 Rest of North America Shea Butter Market by Product, 2022 - 2028, USD Million
TABLE 41 Rest of North America Shea Butter Market by Application, 2018 - 2021, USD Million
TABLE 42 Rest of North America Shea Butter Market by Application, 2022 - 2028, USD Million
TABLE 43 Key information – AAK AB
TABLE 44 Key Information – Bunge Limited
TABLE 45 Key Information – BASF SE
TABLE 46 key Information – Archer Daniels Midland Company
TABLE 47 Key Information – Clariant AG
TABLE 48 Key Information – Croda International PLC
TABLE 49 Key Information – Cargill, Incorporated
TABLE 50 Key Information – Stern-Wywiol Gruppe GmbH & Co. KG
TABLE 51 Key Information – OLVEA Group
TABLE 52 Key Information – 3F Industries Ltd.
List of Figures
FIG 1 Methodology for the research