China Shea Butter Market Size & Outlook, 2022-2030
China shea butter market, 2018-2030 (US$M)
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China shea butter market highlights
- The China shea butter market generated a revenue of USD 218.8 million in 2022 and is expected to reach USD 390.6 million by 2030.
- The China market is expected to grow at a CAGR of 7.5% 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 218.8 million |
| Market revenue in 2030 | USD 390.6 million |
| Growth rate | 7.5% (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, China accounted for 10.1% 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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China 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 61.93% in 2022. Horizon Databook has segmented the China shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Previously limited to cosmetic use, the approval of shea butter as a novel food ingredient in China is a significant development in the country to incorporate diverse ingredients into their food products.
Following its approval, shea butter can now be utilized in a wide range of food products in China, including chocolate, candy, ice-cream, bakery products, and frying oil. This expansion of its usage beyond cosmetics is a key driver of the country’s shea butter market.
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Target buyers of China 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China shea butter market , including forecasts for subscribers. This country databook contains high-level insights into China shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China shea butter market size, by product, 2018-2030 (US$M)
China Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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