The Asia Pacific Shea Butter Market should witness market growth of 7.5% CAGR during the forecast period (2022-2028).
Companies present in the beauty and personal care industry are launching more and more products formulated with shea butter. This rise is mainly accountable to the growing demand of consumers for natural, organic, and sustainable products. In addition, the high anti-inflammatory and antioxidant profile of shea butter make it ideal for developing body creams, lip balms, and hand creams. This further establishes the prominence of shea butter as an essential ingredient for the development of various skincare and cosmetic products.
Rising demand for substitutes for cocoa butter and increasing consumption of bakery and cocoa products are evolving as the major contributor to the market expansion. Shea butter is considered to be healthier than cocoa butter, and as a result, its use in the food industry has increased primarily as a substitute for edible vegetable fats and oils.
This region is one of the most dynamic and diverse markets in the beauty and cosmetic industries in the world. This is in regard to general categories like sun care, skin care, color cosmetics, hair care, fragrances, and deodorants which are the most demanded products by the consumers of the region. Consumers in the Asia Pacific region have become more conscious of synthetic chemicals used in toiletries and cosmetics. Hence, they are turning to organic and natural cosmetics as such products are seen as authentic and premium products.
The China market dominated the Asia Pacific Shea Butter Market by Country in 2021; thereby, achieving a market value of $266.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 6.9% during (2022-2028). Additionally, The India market would experience a CAGR of 8.1% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Companies present in the beauty and personal care industry are launching more and more products formulated with shea butter. This rise is mainly accountable to the growing demand of consumers for natural, organic, and sustainable products. In addition, the high anti-inflammatory and antioxidant profile of shea butter make it ideal for developing body creams, lip balms, and hand creams. This further establishes the prominence of shea butter as an essential ingredient for the development of various skincare and cosmetic products.
Rising demand for substitutes for cocoa butter and increasing consumption of bakery and cocoa products are evolving as the major contributor to the market expansion. Shea butter is considered to be healthier than cocoa butter, and as a result, its use in the food industry has increased primarily as a substitute for edible vegetable fats and oils.
This region is one of the most dynamic and diverse markets in the beauty and cosmetic industries in the world. This is in regard to general categories like sun care, skin care, color cosmetics, hair care, fragrances, and deodorants which are the most demanded products by the consumers of the region. Consumers in the Asia Pacific region have become more conscious of synthetic chemicals used in toiletries and cosmetics. Hence, they are turning to organic and natural cosmetics as such products are seen as authentic and premium products.
The China market dominated the Asia Pacific Shea Butter Market by Country in 2021; thereby, achieving a market value of $266.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 6.9% during (2022-2028). Additionally, The India market would experience a CAGR of 8.1% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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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- 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 Asia Pacific Shea Butter Market, by Product
1.4.2 Asia Pacific Shea Butter Market, by Application
1.4.3 Asia Pacific 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. Asia Pacific Shea Butter Market by Product
3.1 Asia Pacific Raw & Unrefined Market by Country
3.2 Asia Pacific Refined Market by Country
Chapter 4. Asia Pacific Shea Butter Market by Application
4.1 Asia Pacific Cosmetics & Personal Care Market by Country
4.2 Asia Pacific Food Market by Country
4.3 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Shea Butter Market by Country
5.1 China Shea Butter Market
5.1.1 China Shea Butter Market by Product
5.1.2 China Shea Butter Market by Application
5.2 Japan Shea Butter Market
5.2.1 Japan Shea Butter Market by Product
5.2.2 Japan Shea Butter Market by Application
5.3 India Shea Butter Market
5.3.1 India Shea Butter Market by Product
5.3.2 India Shea Butter Market by Application
5.4 South Korea Shea Butter Market
5.4.1 South Korea Shea Butter Market by Product
5.4.2 South Korea Shea Butter Market by Application
5.5 Singapore Shea Butter Market
5.5.1 Singapore Shea Butter Market by Product
5.5.2 Singapore Shea Butter Market by Application
5.6 Malaysia Shea Butter Market
5.6.1 Malaysia Shea Butter Market by Product
5.6.2 Malaysia Shea Butter Market by Application
5.7 Rest of Asia Pacific Shea Butter Market
5.7.1 Rest of Asia Pacific Shea Butter Market by Product
5.7.2 Rest of Asia Pacific 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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