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Global Shea Butter Market to reach USD XX million by 2027.

Global Shea Butter Market Size study, by Application (Personal Care & Cosmetics, Food & Beverage and Others), and Regional Forecasts 2021-2027

Product Code: OIRFB-98146969
Publish Date: 23-10-2021
Page: 200

Global Shea Butter Market is valued approximately at USD XX Million in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Shea butter is an edible vegetable oil or fat, extracted from sun-dried kernels of the African shea tree. Shea butter finds its use in health products, cosmetics and chocolate and confectionery industry. High demand from personal care and cosmetics industry, growth in confectionery industry and new product launches by market players are fueling demand for shea butter. According to Statista, worldwide confectionery market size reached USD 208.15 billion in 2020 from USD 178.11 billion in 2019. Additionally, in January 2021, Hand In Hand entered personal care beauty space by launching shea butter hand cream. Furthermore, growing research and development activity by cosmetic manufacturers to introduce innovative products and increasing use of shea butter in place of expensive cocoa butter in confectionery industry are expected to inject growth in near future. However, availability of number of alternative products and high cost of shea butter products may hinder the growth in coming years.

Rest of the World is dominating the world market in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to high production of shea butter and high availability of cheap labor. Whereas, Europe is expected to show significant growth rate during forecast period 2021-2027 due to increasing demand for personal care and cosmetics products.
Major market player included in this report are:

BASF SE
Olvea Group
Sophim S.A
Cargill, Incorporated
Suru Chemicals
Ghana Nuts Company Limited
Croda International Plc
Agrobotanicals, LLC
Clariant AG
AAK AB

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Personal Care & Cosmetics
Food & Beverage
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Shea Butter Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Shea Butter Market, by region, 2019-2027 (USD Million)
1.2.2. Shea Butter Market, by Application, 2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Shea Butter Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Shea Butter Market Dynamics
3.1. Shea Butter Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. High demand in personal care and cosmetics industry
3.1.1.2. New product launches
3.1.2. Market Restraint
3.1.2.1. High cost
3.1.2.2. Availability of number of alternative products
3.1.3. Market Opportunities
3.1.3.1. Increasing use of shea butter in place of expensive cocoa butter in confectionery industry
3.1.3.2. Research and development activity by cosmetic manufacturers to introduce innovative products
Chapter 4. Global Shea Butter Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Shea Butter Market, by Application
a. Market Snapshot
5.1. Global Shea Butter Market by Application, Performance – Potential Analysis
5.2. Global Shea Butter Market Estimates & Forecasts by Application 2018-2027 (USD Million)
5.3. Shea Butter Market, Sub Segment Analysis
5.3.1. Personal Care & Cosmetics
5.3.2. Food & Beverage
5.3.3. Others
Chapter 6. Global Shea Butter Market, Regional Analysis
6.1. Shea Butter Market, Regional Market Snapshot
6.2. North America Shea Butter Market
6.2.1. U.S. Shea Butter Market
6.2.1.1. Application breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Shea Butter Market
6.3. Europe Shea Butter Market Snapshot
6.3.1. U.K. Shea Butter Market
6.3.2. Germany Shea Butter Market
6.3.3. France Shea Butter Market
6.3.4. Spain Shea Butter Market
6.3.5. Italy Shea Butter Market
6.3.6. Rest of Europe Shea Butter Market
6.4. Asia-Pacific Shea Butter Market Snapshot
6.4.1. China Shea Butter Market
6.4.2. India Shea Butter Market
6.4.3. Japan Shea Butter Market
6.4.4. Australia Shea Butter Market
6.4.5. South Korea Shea Butter Market
6.4.6. Rest of Asia Pacific Shea Butter Market
6.5. Latin America Shea Butter Market Snapshot
6.5.1. Brazil Shea Butter Market
6.5.2. Mexico Shea Butter Market
6.6. Rest of The World Shea Butter Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. BASF SE
7.2.1.1. Key Information
7.2.1.2. Overview
7.2.1.3. Financial (Subject to Data Availability)
7.2.1.4. Product Summary
7.2.1.5. Recent Developments
7.2.2. Olvea Group
7.2.3. Sophim S.A
7.2.4. Cargill, Incorporated
7.2.5. Suru Chemicals
7.2.6. Ghana Nuts Company Limited
7.2.7. Croda International Plc
7.2.8. Agrobotanicals, LLC
7.2.9. Clariant AG
7.2.10. AAK AB

Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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