Brazil Shea Butter Market Size & Outlook, 2022-2030
Brazil shea butter market, 2018-2030 (US$M)
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Brazil shea butter market highlights
- The Brazil shea butter market generated a revenue of USD 33.3 million in 2022 and is expected to reach USD 52.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.8% 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 33.3 million |
| Market revenue in 2030 | USD 52.3 million |
| Growth rate | 5.8% (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, Brazil accounted for 1.5% 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 Latin America, Brazil shea butter market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 52.3 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 61.26% in 2022. Horizon Databook has segmented the Brazil shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil, being a rainforest region producing natural products, has witnessed an increasing demand for botanical ingredients, including shea butter. Growing consumer awareness about these unique botanical products has led to an increased demand for personal care and body care products containing shea butter.
Furthermore, several Brazilian consumers prefer locally sourced alternatives, thus contributing to the sustainability and demand for culturally significant botanical products in the country. This is projected to drive the demand for shea butter in the country.
Cosméticos Group, offers a New Tropicana buttery mousse under its vegan brand Visso Natural. The product contains cupuaçu butter, shea butter, passion fruit oil, coconut oil, sunflower oil, and vitamin E. Shea butter is largely preferred by Brazilian consumers owing to its moisturizing properties for dry skin.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Brazil shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil shea butter market size, by product, 2018-2030 (US$M)
Brazil Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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