The Europe Shea Butter Market should witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Shea butter enhances texture and taste, increases shelf-life, and decreases the formation of bloom in the final product, its use in the chocolate industry has increased as well. Moreover, the rising awareness of the benefits of shea butter among the general populace has increased the use of shea butter in daily life as well, either as a skincare treatment or cooking oil. The low cost and increased use of this product in the bakery and confectionary foods are further aiding in the expansion of the shea butter market.
Moreover, the fast pacing modernization and urbanization trends of emerging economies have bolstered the food and beverage industry. This has led to the rise of premiumization demands in the industry and accelerates the adoption of techniques that make the product of superior experience and high quality. Premiumization is driven by the increased demands of consumers that go beyond the price factor to appreciate value-added products with better quality ingredients that extend numerous health benefits. Since consumers are ready to pay more for premium products that offer observable health benefits, it has prompted many manufacturers to incorporate unique ingredients that meet their health and basic dietary needs. As a result, premiumization leads to an increase in demand for shea butter.
The cosmetic industry generates the most demand for shea butter in this region. The product is used extensively in numerous European haircare and skincare products owing to its numerous advantages. Furthermore, the rising consumer awareness and the subsequent demand for its natural products’ development further increase the consumption of shea butter. European cosmetic companies develop moisturizing body lotions by utilizing either shea butter or shea butter-based derivative ingredients obtained from olein or stearin.
The Germany market dominated the Europe Shea Butter Market by Country in 2021; thereby, achieving a market value of $238 million by 2028. The UK market is estimated to witness a CAGR of 5.5% during (2022-2028). Additionally, The France market would showcase a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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 enhances texture and taste, increases shelf-life, and decreases the formation of bloom in the final product, its use in the chocolate industry has increased as well. Moreover, the rising awareness of the benefits of shea butter among the general populace has increased the use of shea butter in daily life as well, either as a skincare treatment or cooking oil. The low cost and increased use of this product in the bakery and confectionary foods are further aiding in the expansion of the shea butter market.
Moreover, the fast pacing modernization and urbanization trends of emerging economies have bolstered the food and beverage industry. This has led to the rise of premiumization demands in the industry and accelerates the adoption of techniques that make the product of superior experience and high quality. Premiumization is driven by the increased demands of consumers that go beyond the price factor to appreciate value-added products with better quality ingredients that extend numerous health benefits. Since consumers are ready to pay more for premium products that offer observable health benefits, it has prompted many manufacturers to incorporate unique ingredients that meet their health and basic dietary needs. As a result, premiumization leads to an increase in demand for shea butter.
The cosmetic industry generates the most demand for shea butter in this region. The product is used extensively in numerous European haircare and skincare products owing to its numerous advantages. Furthermore, the rising consumer awareness and the subsequent demand for its natural products’ development further increase the consumption of shea butter. European cosmetic companies develop moisturizing body lotions by utilizing either shea butter or shea butter-based derivative ingredients obtained from olein or stearin.
The Germany market dominated the Europe Shea Butter Market by Country in 2021; thereby, achieving a market value of $238 million by 2028. The UK market is estimated to witness a CAGR of 5.5% during (2022-2028). Additionally, The France market would showcase a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- 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 Europe Shea Butter Market, by Product
1.4.2 Europe Shea Butter Market, by Application
1.4.3 Europe 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. Europe Shea Butter Market by Product
3.1 Europe Raw & Unrefined Market by Country
3.2 Europe Refined Market by Country
Chapter 4. Europe Shea Butter Market by Application
4.1 Europe Cosmetics & Personal Care Market by Country
4.2 Europe Food Market by Country
4.3 Europe Others Market by Country
Chapter 5. Europe Shea Butter Market by Country
5.1 Germany Shea Butter Market
5.1.1 Germany Shea Butter Market by Product
5.1.2 Germany Shea Butter Market by Application
5.2 UK Shea Butter Market
5.2.1 UK Shea Butter Market by Product
5.2.2 UK Shea Butter Market by Application
5.3 France Shea Butter Market
5.3.1 France Shea Butter Market by Product
5.3.2 France Shea Butter Market by Application
5.4 Russia Shea Butter Market
5.4.1 Russia Shea Butter Market by Product
5.4.2 Russia Shea Butter Market by Application
5.5 Spain Shea Butter Market
5.5.1 Spain Shea Butter Market by Product
5.5.2 Spain Shea Butter Market by Application
5.6 Italy Shea Butter Market
5.6.1 Italy Shea Butter Market by Product
5.6.2 Italy Shea Butter Market by Application
5.7 Rest of Europe Shea Butter Market
5.7.1 Rest of Europe Shea Butter Market by Product
5.7.2 Rest of Europe 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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