U.S. Shea Butter Market Size & Outlook, 2022-2030
U.S. shea butter market, 2018-2030 (US$M)
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U.S. shea butter market highlights
- The U.S. shea butter market generated a revenue of USD 511.2 million in 2022 and is expected to reach USD 902.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.4% 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 511.2 million |
| Market revenue in 2030 | USD 902.0 million |
| Growth rate | 7.4% (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, U.S. accounted for 23.6% 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 |
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U.S. 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 63.11% in 2022. Horizon Databook has segmented the U.S. shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Shea butter boasts diverse applications, from skincare remedies like sunburn relief, wrinkle reduction, and soothing insect bites to managing skin conditions like eczema and dermatitis. Its versatility extends to the confectionery industry.
As per the American Shea Butter Institute, there is a significant issue in the U.S. involving the modification of shea butter for economic purposes, often aimed at improving its fragrance and texture. These alterations can compromise the natural integrity of the product.
To address these concerns, the Institute recommends using shea butter within 18 months of seed extraction and advises consumers to look for the seal of the American Shea Butter Institute on product containers before making a purchase.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. shea butter market , including forecasts for subscribers. This country databook contains high-level insights into U.S. shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. shea butter market size, by product, 2018-2030 (US$M)
U.S. Shea Butter Market Outlook Share, 2022 & 2030 (US$M)
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