South Africa Shea Butter Market Size & Outlook, 2022-2030
South Africa shea butter market, 2018-2030 (US$M)
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South Africa shea butter market highlights
- The South Africa shea butter market generated a revenue of USD 41.0 million in 2022 and is expected to reach USD 64.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.7% 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 41.0 million |
| Market revenue in 2030 | USD 64.1 million |
| Growth rate | 5.7% (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, South Africa accounted for 1.9% 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 Middle East & Africa, South Africa shea butter market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 64.1 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
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South 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 60.73% in 2022. Horizon Databook has segmented the South Africa shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
There is a growing demand for unrefined shea butter in skin care products in the country. Some of the key companies catering to this demand by offering unrefined shea butter for skincare products include Isivuno Naturals and FirstSeed Organics.
Wandisa Nkosi, founder of Just Shea Butter in South Africa, recognized a gap in the South African market for high-quality shea butter catering to environment conscious consumers. The growth of selfcare movement in the country has led consumers being mindful of what they apply to their skin.
After extensive research, Just Shea Butter sourced organic certified shea butter from Ghana, ensuring its products were pure and unadulterated. Despite challenges in sourcing and competition in the natural hair and skin products sector, the company leveraged social media and YouTube to market its business successfully.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa shea butter market , including forecasts for subscribers. This country databook contains high-level insights into South Africa shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa shea butter market size, by product, 2018-2030 (US$M)
South Africa Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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