Shea
butter is a type
of fat which is used in various skins and hair related products and possess
various healing properties. It is derived from the seeds of Vitellaria paradoxa
(Shea) tree which is mainly found in Africa. Shea butter is free of any artificial
chemicals and is composed of stearic acid and oleic acid. Shea butter is used
extensively in the cosmetic products such as skin moisturizers, hair
conditioners and lip gloss. Apart from this, shea butter is used in various
industries such as food and healthcare. Consumers worldwide prefer shea butter
products. The process of extracting shea butter from nut involves various
processes such as cracking, crushing, roasting, grinding, separating the oils
and collecting and shaping. The market share of shea butter has constantly been
rising as compared to cocoa butter or palm oils. The market share of the shea
butter is growing due to the increased adoption of shea butter products over
cocoa butter or pal oils. The advantages that it offers over the cocoa and palm
oil is that shea butter has low fat content and better healing properties than
the former.
Further, the shea butter products are
powerful antioxidants and restore the damaged skin and hair to health. However,
the cocoa butter contains only polyphenol which is helpful in relieving stress.
Shea butter contains vitamin A and vitamin E which are vital for skin and eyes.
In addition to this, shea butter contains cinnamic acid which prevents the skin
from ultraviolet rays. Moreover, cocoa butter is a good moisturizer but shea
butter is more flexible and can be used in different treatment processes such
as skin healing, hair healing and lip healing.
Market Size and forecast
The global shea butter market is
anticipated to witness a robust growth over the forecast period owing to the
rising disposable income and consumer awareness.
Europe and North America are the holding the largest market share of
global shea butter followed by Asia-Pacific. Further, government policies are bolstering the
European shea butter market.
Recently, European Union instructed that minimum 5% shea must be present in
eatable products like chocolate which is expected to bolster the shea butter market. Further, North
America is expected to witness significant growth over the forecast period
owing to the high demand for cosmetic products such as lip scrub, lip gloss and
hair conditioners.
Asia-Pacific is anticipated to
showcase a growth in the demand of global shea butter. Rising consumer
awareness and increasing healthcare concern are the key factors which are
expected to bolster the Asia-Pacific shea butter market. Japan is the major
country in the Asia-Pacific accounting for the largest market share in the
region.
Market Segmentation
By Type
Raw and unrefined Shea butter
Refined Shea Butter
By Application
Cosmetics & Personal care
Food
Medical
Others
By Region
Global Shea butter market is further
classified on the basis of region as follows:
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Western and Eastern Europe (U.K.,
Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg,
Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, South Korea & Rest of Asia) Market size,
Y-O-Y growth & Opportunity Analysis
Middle East and North Africa (MENA)
Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Rising consumer inclination towards
natural products and consumer awareness are the key growth drivers driving the
global market of shea butter. Moreover, rise in the use of shea butter in the
cosmetic products are driving the growth of the market. Further, favorable
government policies are expected to drive the market over the forecast period.
Moreover, increase in consumption of eatable products consisting of shea butter
such as chocolates are likely to be the key growth drivers during the forecast
period i.e. 2017-2024.
However, availability of various
substitute products with a low price tag is anticipated to dampen the growth of
global shea butter market. Moreover, the absence of minimum quality standard
and poor level of industry organization poses a serious challenge to the growth
of global shea butter market.
Key players
Star Shea Ltd
All Pure Nature Ltd
Shea Radiance
Shea Therapy Ltd (AGC Ltd)
VINK CHEMICALS GMBH & CO.
KG
Jedwards International, Inc
Lovinah Naturals
IOI Loders Croklaan
Ghana Nuts Ltd
Maison Karite Sociedad Limitada
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Shea butter Market is
segmented as follows:
By Application Market Size &
Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
No comments:
Post a Comment