Shea Butter Market Analysis and Forecast by (2023 - 2032)

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Shea Butter Market Size to Cross 4 Bn by 2032
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Overview of Shea Butter Market

• Shea Butter Market is anticipated to exhibit
  growth through 2032 owing to the rising sales of
  organic products. Shea butter boasts of
  anti-inflammatory and healing properties owing to
  which it is being largely used in body and face
  products to condition, tone, and soothe the skin.
  In addition, some of the key factors, such as
  increased disposable income and rising concerns
  regarding the usage of organic products, will
  help the industry grow in the near future.
• Shea butter has been used for cooking and
  medicinal purposes in Africa. It is ideal for
  collagen formation and UV protection as it is
  rich in vitamins and fatty acids. The product
  also boasts of buttery texture and 60 fat
  content, which enables it to penetrate the skin
  with ease. Moreover, the rising demand for shea
  butter in the western cosmetics market will also
  result in an increase in the imports of raw nuts
  for processing into butter.

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• The raw unrefined shea butter segment is
  anticipated to depict strong growth through 2032.
  Raw and unrefined shea butter has exceptional
  moisturizing properties, works as an emollient,
  and is highly preferable for people with dry
  skin. The product also helps combat stretch
  marks, reduce the ageing signs, and also blocks
  UV rays with an SPF between 3-4. Various solution
  providers in the shea butter industry are working
  toward facility expansion and new unit launches,
  fostering the segmental growth.
• To cite an instance, Bunge Loders Croklaan (BLC),
  in 2020, established a new shea butter processing
  plant in Ghana. According to company officials,
  the facility is fully mechanized fractionation
  unit that processes raw shea butter processed
  from domestically crushed shea nuts.
• The pharmaceuticals segment is anticipated to
  hold over USD 150 million market share by 2032.
  The rising application of shea butter in treating
  skin from inflammatory sensations and allergies
  will assist the segment growth over the estimated
  timespan. Besides, the rising application of shea
  butter in SPF 6 skin lotions, the base for
  homemade deodorant, prevention of stretch marks,
  face and body moisturizer, massage butter, and
  under-eye wrinkle remover will further assist
  product demand in pharmaceutical sector.

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• Regionally, the Asia Pacific shea butter market
  is expected to depict over 9.5 CAGR during
  2023-2032. Key factors such as increasing
  disposable income, rising industrialization,
  growing consumer preferences for premium and
  branded products, along with increasing per
  capita income in developing countries including
  India will positively influence the industry
  expansion in the region by 2032.
• Notable participants in the Shea Butter market
  include BASF, AAK AB, OLVEA, Akoma International
  Ltd, International Oils Fats Limited, Croda
  International and Bunge Limited, Ghana Nuts
  Company Limited, The Savannah Fruits Company

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