Spain Shea Butter Market Size & Outlook, 2022-2030
Spain shea butter market, 2018-2030 (US$M)
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Spain shea butter market highlights
- The Spain shea butter market generated a revenue of USD 72.1 million in 2022 and is expected to reach USD 123.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 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 72.1 million |
| Market revenue in 2030 | USD 123.8 million |
| Growth rate | 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, Spain accounted for 3.3% 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 Europe, Germany shea butter market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 199.3 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 63.8% in 2022. Horizon Databook has segmented the Spain shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Italian consumers prioritize high-quality shea butter in cosmetics and products like candles. Their preference stems from a need for intensive moisturizing attributes in these products. Quality shea butter provides the desired level of hydration and nourishment.
For instance, Based in Italy, Kirei specializes in natural and organic cosmetics. Their product line includes organic shea butter suitable for various applications, from facial and body care to sunscreen. This organic shea butter is cold-pressed directly from shea nuts, ensuring its purity and quality.
Italy also has a preference for scented candles, which contribute to a pleasant atmosphere in the dining and social experience. This is anticipated to drive the demand for shea butter candles in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain shea butter market , including forecasts for subscribers. This country databook contains high-level insights into Spain shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain shea butter market size, by product, 2018-2030 (US$M)
Spain Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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