Asia Pacific Shea Butter Market Size & Outlook, 2022-2030
Asia Pacific shea butter market, 2018-2030 (US$M)
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Asia Pacific shea butter market highlights
- The Asia Pacific shea butter market generated a revenue of USD 600.4 million in 2022.
- The market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, raw and unrefined was the largest revenue generating product in 2022.
- Raw and Unrefined is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 600.4 million |
| Market revenue in 2030 | USD 1,103.4 million |
| Growth rate | 7.9% (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 |
| Key market players worldwide | Basf SE, Cargill, Croda International PLC, Clariant AG, AAK AB, OLVEA, Sophim, Suru Chemicals & Pharmaceuticals, Nuts.com, Shea Radiance |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.7% of the global shea butter market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,103.4 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 61.74% in 2022. Horizon Databook has segmented the Asia Pacific shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Various associations and authoritative bodies undertook initiatives regarding shea butter to proliferate its availability in the Asia Pacific health and cosmetic industry, supporting regional market growth. The Global Shea Alliance (GSA) is a non-profit industry association that supports the use of shea butter across the beauty and food industries.
It has over 600 members from 38 countries, including brands, women cooperatives, suppliers, and NGOs. While the GSA has strong ties in the European and American cosmetics industries, it is less active in Asia.
As of December 2022, the association aimed to change this by directly connecting cosmetic brands from Asia Pacific with rural producers of shea butter, particularly in Japan, South Korea, and China. This opportunity presents a chance to boost the Asia Pacific shea butter market, aiding the GSA members by empowering women involved in the production and making shea business profitable.
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Target buyers of Asia Pacific shea butter market databook
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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 continent-level data and insights on the Asia Pacific shea butter market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific shea butter market size, by country, 2018-2030 (US$M)
Asia Pacific Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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