Middle East & Africa Shea Butter Market Size & Outlook
Middle East & Africa shea butter market, 2018-2030 (US$M)
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MEA shea butter market highlights
- The MEA shea butter market generated a revenue of USD 155.6 million in 2022.
- The market is expected to grow at a CAGR of 6% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 155.6 million |
| Market revenue in 2030 | USD 247.8 million |
| Growth rate | 6% (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, MEA region accounted for 7.2% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 61.57% in 2022. Horizon Databook has segmented the Middle East & Africa shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Shea butter, derived from the kernels of the shea tree, is a valuable fat found in 21 African countries. The shea belt includes nations like Ghana, Nigeria, and Uganda. Africa is a major producer of raw materials for processing shea butter.
East African shea butter from countries such as Uganda and Kenya is considered luxurious, catering to specific skincare needs. This is projected to promote its use in skin care products targeted at a particular skin concern, further driving the Africa's shea butter market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa shea butter market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA shea butter market size, by country, 2018-2030 (US$M)
Middle East & Africa Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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