Australia Shea Butter Market Size & Outlook, 2022-2030
Australia shea butter market, 2018-2030 (US$M)
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Australia shea butter market highlights
- The Australia shea butter market generated a revenue of USD 45.8 million in 2022 and is expected to reach USD 79.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.1% 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.
Shea butter market data book summary
| Market revenue in 2022 | USD 45.8 million |
| Market revenue in 2030 | USD 79.4 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Raw and unrefined |
| Fastest growing segment | Raw and Unrefined |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 2.1% of the global shea butter market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China shea butter market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 195.7 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 61.14% in 2022. Horizon Databook has segmented the Australia shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
The unique combination of a modern economy and African climatic conditions positions NW Queensland as a promising hub for shea butter processing in Australia, catering to diverse consumer needs both domestically and internationally.
Australia has a significant opportunity in the shea butter market due to its climate similarities with SubSaharan Africa that is favorable for shea trees to thrive. Although Sub-Saharan Africa dominates global shea production, supply challenges are resulting in inconsistencies.
Furthermore, the growing demand for shea butter in health and beauty products is supporting the market growth. Shea butter is a listed ingredient in over sixty health and beauty products stocked by Woolworths, one of Australia's major retailers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Australia shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia shea butter market size, by product, 2018-2030 (US$M)
Australia Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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