Global Shea Butter Market Size & Outlook, 2024-2030
Global shea butter market, 2018-2030 (US$M)
Related Markets
Global shea butter market highlights
- The global shea butter market generated a revenue of USD 2,166.7 million in 2022 and is expected to reach USD 3,748.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.1% by 2030.
- In terms of segment, raw and unrefined accounted for a revenue of USD 1,352.1 million in 2022.
- Raw and Unrefined is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,166.7 million |
| Market revenue in 2030 | USD 3,748.0 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Raw and unrefined |
| Fastest growing segment | Raw and Unrefined |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Raw and Unrefined, Refined |
Other key industry trends
- In terms of revenue, the North America accounted for 28.9% of the global shea butter market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 64.1 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global shea butter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shea butter market will help companies and investors design strategic landscapes.
Raw and unrefined was the largest segment with a revenue share of 62.4% in 2024. Horizon Databook has segmented the Global shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Shea Butter Product Outlook (Revenue, USD Million, 2018-2030)
- Raw and Unrefined
- Refined
- Global Shea Butter Application Outlook (Revenue, USD Million, 2018-2030)
- Cosmetics & Personal Care
- Food
- Others
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Our clientele includes a mix of shea butter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global shea butter market , including forecasts for subscribers. This global databook contains high-level insights into Global shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global shea butter market size, by regions, 2018-2030 (US$M)
Top 10 countries: Shea butter market size, 2024 (US$M)
Global shea butter market share, by product, 2024 & 2030 (%, US$M)
Shea butter market: Opportunity assessment by country
Global shea butter market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 598.4 | 622.8 | 569.2 | 595.9 | 625.7 | 659.5 | 698.0 | 742.0 | 792.6 | 851.0 | 918.7 | 997.8 | 1,090.7 | 8.0% |
| Europe | 658.8 | 681.3 | 618.7 | 643.4 | 672.7 | 706.1 | 744.2 | 787.8 | 837.9 | 895.9 | 963.1 | 1,041.6 | 1,133.8 | 7.6% |
| Asia Pacific | 557.7 | 584.9 | 538.6 | 568.0 | 600.4 | 637.0 | 678.7 | 726.2 | 780.9 | 844.0 | 917.2 | 1,002.8 | 1,103.4 | 8.7% |
| Latin America | 113.4 | 116.6 | 105.2 | 108.7 | 112.3 | 116.5 | 121.3 | 127.0 | 133.5 | 141.1 | 149.9 | 160.3 | 172.4 | 6.3% |
| MEA | 156.6 | 160.7 | 144.9 | 149.5 | 155.6 | 162.5 | 170.3 | 179.1 | 189.2 | 200.8 | 214.2 | 229.7 | 247.8 | 6.7% |
| Overall | 2,084.9 | 2,166.3 | 1,976.5 | 2,065.5 | 2,166.7 | 2,281.6 | 2,412.4 | 2,562.1 | 2,734.1 | 2,932.8 | 3,163.2 | 3,432.2 | 3,748.0 | 7.9% |
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