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Shea Butter Market Share

Report ID: GMI4342
Published Date: Feb 2023
Report Format: PDF

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Shea Butter Market Share

Some of the leading companies operating in the shea butter market include

BASF
AAK AB
OLVEA
Akoma International Ltd
International Oils & Fats Limited
Croda International and Bunge Limited
Ghana Nuts Company Limited
The Savannah Fruits Company

Many of these companies are focusing on expansion strategies to enhance their market position.

For instance, in September 2020, Bunge Limited, an American food company, inaugurated its new shea butter processing unit in Tema, Ghana followed by the launch of its Where Life Grows program for celebrating its efforts in building a sustainable shea supply chain in Africa.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of shea butter recorded a valuation of USD 2 billion in 2022 and is poised to witness over 6% CAGR from 2023 to 2032, given the rising bakery and confectionary consumption in Europe.

North America market is set to expand at 7.5% CAGR through 2032, owing to surging demand for eco-friendly and natural personal care products in the region.

The refined shea butter market revenue is expected to reach USD 2.9 billion by 2032, attributed to increasing shea butter exports in Europe for cosmetic applications.

The major industry players include names such as Ghana Nuts Company Limited, AAK AB, OLVEA, Bunge Limited, and The Savannah Fruits Company.