Canada Shea Butter Market Size & Outlook, 2022-2030
Canada shea butter market, 2018-2030 (US$M)
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Canada shea butter market highlights
- The Canada shea butter market generated a revenue of USD 68.0 million in 2022 and is expected to reach USD 110.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% 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 68.0 million |
| Market revenue in 2030 | USD 110.2 million |
| Growth rate | 6.2% (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, Canada accounted for 3.1% 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 North America, U.S. shea butter market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 902.0 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 64.12% in 2022. Horizon Databook has segmented the Canada shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Canada Organic Regime import requirements, those importing organic products must possess a valid organic certificate that can be presented upon request, ensuring it is issued by a certification body accredited by the Canadian Food Inspection Agency (CFIA).
Market participants in the Canada are providing bulk raw shea butter to buyers across various sectors. This versatility benefits purchasers from diverse industries, including cosmetics and the food sector. For instance, Mamaa Trade, based in Canada, offers raw unrefined shea to the consumer marketplace.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Canada shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada shea butter market size, by product, 2018-2030 (US$M)
Canada Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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