Malaysia Shea Butter Market Size & Outlook, 2022-2030
Malaysia shea butter market, 2018-2030 (US$M)
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Malaysia shea butter market highlights
- The Malaysia shea butter market generated a revenue of USD 24.0 million in 2022 and is expected to reach USD 37.9 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 5.9% 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 24.0 million |
| Market revenue in 2030 | USD 37.9 million |
| Growth rate | 5.9% (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, Malaysia accounted for 1.1% 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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Malaysia 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 61.25% in 2022. Horizon Databook has segmented the Malaysia shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the shea butter market in Malaysia is attributed to the increasing consumer awareness about the natural and beneficial properties of shea butter, which is driving its widespread application in cosmetic and skincare products.
High prices associated with cocoa butter have led to a growing demand for Cocoa Butter Equivalents (CBEs) in Malaysia. As a result, companies are coming up with initiatives and investments in processing plants for shea butter.
Bunge Limited, an edible oil supplier, has processing plants in Malaysia which produces the shea olein and shea stearin into ingredients for food and non-food applications such as cocoa butter equivalents (CBEs).
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia shea butter market size, by product, 2018-2030 (US$M)
Malaysia Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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