iCrowdNewswire Jan 13, 2021 6:00 AM ET
WiseGuyReports.Com Publish a New Market Research Report On –“ Shea Butter 2021 Global Market To Reach US$ 2.67 Bn And Growing At CAGR Of 5.81% By 2026”.
Global Shea Butter Market was valued at US$ 1.7 Bn in 2018 and is expected to reach US$ 2.67 Bn by 2026, at a CAGR of 5.81% during a forecast period.
Cosmetics & personal care industry is expected to surge the market growth during the forecast period owing to growing usage of Shea butter in this industry. Shea butter has cinnamic acid, which saves skin from the ultraviolet rays is boosting the market growth during the forecast period. In addition, it has anti-aging properties and helps to soften skin and regeneration of tissue cell are also expected to drive the market in the cosmetic & personal care industry.
Shea butter is used in various type skins, hair, and food products and has several healing properties. Major driving factors of the market are various governments are restricting the usage of Shea butter in products such as chocolate, increasing disposable incomes, and growing concerns regarding fitness. Rising consumer preference towards the Shea butter products is propelling the market growth. Shea butter products have A & E vitamins, which are expected to fuel the market growth owing to rising health awareness among consumers across the globe. The medical industry is boosting the market growth owing to rising usage of Shea butter in various treatments as it contains cinnamic acid and it is very flexible. In addition, Shea butter has properties such as antioxidants, recover skin damage, and also improve health of skin & hair are boosting the market growth.
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Major Key Company Profiles Included in Shea Butter Market are:
Ghana Nuts Ltd
Maison Karite Sociedad Limitada
Adunni Ori Ltd.
Timiniya Tuma Company Ltd.
Savanna Shea Industries
Star Shea Ltd
VINK CHEMICALS GMBH & CO. KG
Jedwards International, Inc
IOI Loders Croklaan
Maison Karite Sociedad Limitada
Shea Therapy Ltd
The systematic research covering the Shea Butter market offers insights into market value and volume at the global, national, and company levels. The market report is structured to present the overall size of the market along with potential growth prospects. As a part of the market overview, the introductory section offers a complete market and product description along with the main applications. The research-based key data and figures cover the 2019 to 2026 timeframe and provide insights into industry dynamics.
Shea Butter Market Drivers and Risks
As part of the market research, market factors influencing the demand, supply, and price rates were analyzed. The industry research Shea Butter has examined the impact that market dynamics have on consumer behavior. When part of the overall market research study, the key market factors and threats that could positively and negatively impact the Shea Butter market are analyzed. Those included in this report are the variables that are critical in assessing business opportunities such as the key industry developments.
Shea Butter Market Regional Description
For the regional research conducted by this study, the major geographic segments regarding the Shea Butter market were considered. The market report covers all major regions in terms of production, consumption, and market shares pertaining to the global Shea Butter industry. Along with the market forecast for the same, the main regions contributing to the overall market performance were analysed. These segments cover all the major countries in Shea Butter to help better understand the market structure.
Shea Butter Market Research Methodology
The research team working on the market analysis report used the data collected for the study and taken from the period 2019-2026. The research on the Shea Butter market was based on Porter’s Five Forces model as to the main parameters. The challenges posed by new market entrants and goods, as well as by the negotiating power of the different business segments have been studied. The market study aims primarily to present the market size, value, and volume forecasts up to the year 2026.
Shea Butter Market Key Players Analysis
The report also protects the company portfolios while analyzing the main companies in the Shea Butter industry. The key players and their key products and product requirements have been strategically profiled. There was an analysis of the market size and market shares held by each of the major companies. Along with the SWOT review, the industry-specific challenges and risks that could pose threats to these key players’ businesses and operational activities are also provided.
Table of Contents – Major Key Points
- Assumptions and Research Methodology
- Executive Summary
- Market Overview
- Market Decision Framework
- Global Shea Butter Market Analysis and Forecast
- Global Shea Butter Market Analysis and Forecast, by Type
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