Shea Butter Market to Witness an Appreciable Growth By 2027

Shea Butter Market to Witness Robust Expansion by 2027

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About Shea Butter Market ❖Shea Butter Market size exceeded USD 1.7 billion in 2020 and is estimated to grow at a CAGR of over 7.5% from 2021 to 2027 owing to the rise in consumer spending power on food & beverages and personal care products especially in developing regions. ❖The food and beverages industry uses shea butter as a replacement of vegetable or animal-based fats in convenience food products especially bakery & confectionery.

It improves the taste & texture, shelf life and reduces bloom formation in the final product thus used in chocolates. © 2016 Global Market Insights, Inc. USA. All Rights Reserved

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❖Increased consumption of ready to eat or packaged food products due to busy & hectic lifestyles especially in developing regions such as Asia Pacific will stimulate industrial growth. Favorable government regulations related to the use of shea butter into food products & pharmaceuticals is expected to offer lucrative opportunities in the upcoming years.

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Market Overview

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Key Players - Shea Butter Market ❖BASF SE ❖International Oils & Fats Limited ❖AAK AB ❖Croda International ❖OLVEA ❖Akoma International Ltd ❖Bunge Limited ❖The Savannah Fruits Company ❖Ghana Nuts Company Limited

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