India Shea Butter Market Size & Outlook, 2022-2030
India shea butter market, 2018-2030 (US$M)
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India shea butter market highlights
- The India shea butter market generated a revenue of USD 100.3 million in 2022 and is expected to reach USD 195.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% 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.
Shea butter market data book summary
| Market revenue in 2022 | USD 100.3 million |
| Market revenue in 2030 | USD 195.7 million |
| Growth rate | 8.7% (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, India accounted for 4.6% 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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India 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 60.72% in 2022. Horizon Databook has segmented the India shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, India has shown a growing interest in shea butter. According to the Ghana-India Trade Advisory Chamber (GITAC), although cashew has primarily been India's primary import from Ghana, there has been a notable shift towards shea butter and coconut oil due to high market demand.
Certainly, the GITAC plays a pivotal role in fostering stronger ties between both countries with the objective to promote and enhance trade, investment, and cultural interactions by facilitating economic cooperation.
Through collaborations and initiatives, GITAC is actively promoting the shea butter trade, with a strong focus on encouraging Ghanaian businesses to prioritize shea exports to India. This effort aims to strengthen economic cooperation between the two countries.
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Horizon Databook provides a detailed overview of country-level data and insights on the India shea butter market , including forecasts for subscribers. This country databook contains high-level insights into India shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India shea butter market size, by product, 2018-2030 (US$M)
India Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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