Global shea butter (Butyrospermum Parkii) market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). The shea butter market is primarily affected by the regulatory policies promoting sustainable practices and environmental protection. Thus, market players are adopting sustainable practices in their operations. For instance, in June 2021, Fuji Oil Holdings, Inc. declared that it would source shea kernels responsibly, protecting shea tree green spaces with little to no deforestation, to ascertain the sustained growth of the sector. Their practices will focus on environmental, social, and economic sustenance.
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Further, the growing demand for natural and eco-friendly skincare alternatives is contributing significantly towards market growth. Thus, the market players are grabbing the novel opportunities presented by the market. For instance, in September 2020, Bunge Loders Croklaan (BLC) opened a shea butter processing facility in Tema, Ghana, with the launch of the ‘Where Life Grows’ campaign, to build a resilient and sustainable shea supply chain in Africa. The facility has been operational since 2019 and is BLC’s first shea processing plant in Africa. The facility is a fully automated solvent fabrication plant that processes raw shea butter.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Cargill, Inc., The Savannah Fruits Co., Vink Chemicals Gmbh & Co. KG, BASF Personal Care and Nutrition GmbH, and Wilmar International Ltd., among others.
Key questions addressed by the report.
Global Shea Butter (Butyrospermum Parkii) Market Report Segment
By Type
By Application
Global Shea Butter (Butyrospermum Parkii) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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