The North America Shea Butter Market should 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 should 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.
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.
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 should 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.
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
By Product
- Raw & Unrefined
- Refined
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.
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- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 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
Companies Mentioned
- 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.
Methodology
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