Japan Shea Butter Market Size & Outlook, 2022-2030
Japan shea butter market, 2018-2030 (US$M)
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Japan shea butter market highlights
- The Japan shea butter market generated a revenue of USD 82.9 million in 2022 and is expected to reach USD 155.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.2% 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 82.9 million |
| Market revenue in 2030 | USD 155.6 million |
| Growth rate | 8.2% (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, Japan accounted for 3.8% 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 |
|---|
Japan 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 62.61% in 2022. Horizon Databook has segmented the Japan shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for responsible sourcing, ethical production methods, and natural ingredients has prompted Japanese companies to conform to sustainable practices when it comes to sourcing raw materials for shea butter.
The Fuji Oil Group, a Japanese company, uses shea butter extracted from shea kernels as a primary raw material in their vegetable oils and fats business. This shea butter serves as a cocoa butter equivalent (CBE) in the confectionery industry and acts as an alternative to palm oil.
Its approach involves planting 6,000 shea tree saplings annually with an objective to empower women in the shea kernel industry, enhance the production capacity of cooperatives, generate local employment opportunities, and offer training on operational skills and product quality.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Japan shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan shea butter market size, by product, 2018-2030 (US$M)
Japan Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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