UK Shea Butter Market Size & Outlook, 2022-2030
UK shea butter market, 2018-2030 (US$M)
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UK shea butter market highlights
- The UK shea butter market generated a revenue of USD 130.7 million in 2022 and is expected to reach USD 216.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6.5% 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 130.7 million |
| Market revenue in 2030 | USD 216.6 million |
| Growth rate | 6.5% (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, UK accounted for 6.0% 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 |
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UK 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 62.2% in 2022. Horizon Databook has segmented the UK shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
To supply to the U.K., exporters of natural ingredients for cosmetics from developing countries must comply with both, UK REACH and EU REACH regulationsAccording to Volza, as of 2023, the U.K. imports most of its shea butter from India.
Prominent global market leaders are extending the reach of their cosmetic product lines within the country. In July 2023, the menopausal wellness brand Kindra, based in U.S., announced its expansion into the U.K. by introducing three flagship products—the V Serum priced at £54, the Cool Down Mist at £28, and the Soothe Bath and Shower Gel at £30.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK shea butter market , including forecasts for subscribers. This country databook contains high-level insights into UK shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK shea butter market size, by product, 2018-2030 (US$M)
UK Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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