Europe Shea Butter Market Size & Outlook, 2022-2030
Europe shea butter market, 2018-2030 (US$M)
Related Markets
Europe shea butter market highlights
- The Europe shea butter market generated a revenue of USD 672.7 million in 2022.
- The market is expected to grow at a CAGR of 6.7% 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, France is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 672.7 million |
| Market revenue in 2030 | USD 1,133.8 million |
| Growth rate | 6.7% (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, Europe region accounted for 31.0% 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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Europe 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 62.75% in 2022. Horizon Databook has segmented the Europe shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
In recent times, consumers have increasingly started to opt for eco-friendly products, and this trend is expected to continue. As a result, European purchasers are actively pursuing ethically sourced ingredients, a factor that is likely to gain even more significance in the foreseeable futurefood.
This increased demand caters to the diverse and discerning European consumer base and, in turn, has led to a surge in imports of shea butter from numerous African countries like Nigeria, Mali, Ghana, Ivory Coast, Burkina Faso, and Uganda to the region.
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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 continent-level data and insights on the Europe shea butter market , including forecasts for subscribers. This continent databook contains high-level insights into Europe shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe shea butter market size, by country, 2018-2030 (US$M)
Europe Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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