Mexico Shea Butter Market Size & Outlook, 2024-2030
Mexico shea butter market, 2018-2030 (US$M)
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Mexico shea butter market highlights
- The Mexico shea butter market generated a revenue of USD 46.5 million in 2022 and is expected to reach USD 78.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.8% 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 46.5 million |
| Market revenue in 2030 | USD 78.5 million |
| Growth rate | 6.8% (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, Mexico accounted for 2.1% 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 North America, U.S. shea butter market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 902.0 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 61.94% in 2024. Horizon Databook has segmented the Mexico shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Its moisturizing properties, skin comfort, and promotion of hair health are valued by Mexican customers, and its attractiveness is further fueled by the rising demand for natural and environmentally friendly skincare products.
International players are offering shea butter skincare cosmetics through online marketplaces. For instance, The Body Shop presents Mexican consumers with Satsuma Body Butter through Desertcart, a product comprising 96% natural ingredients. This includes satsuma oil, handcrafted Community Fair Trade sesame seed oil from Nicaragua, and Community Fair Trade shea butter sourced from Ghana.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Mexico shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico shea butter market size, by product, 2018-2030 (US$M)
Mexico Shea Butter Market Outlook Share, 2024 & 2030 (US$M)
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