Shea butter Market Share to reach $2,408.70 million by 2030


Shea butter is extracted from the nuts of the shea tree. It is off-white or ivory color. Shea trees are native to West Africa, and most shea butter still comes from that region. Nigeria, Mali, Burkina Faso, Ghana, Côte d’Ivoire, Benin and Togo are top shea nut producing countries. Shea butter has gained significant share in the cosmetic industry and is expected to sustain its share throughout the forecast period. This is majorly attributed to enormous benefits offered to skin such as it is safe for all types of skin, moisturizing effects, anti-inflammatory and it promotes strong antioxidant activity.

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The market for shea butter is likely to grow at a significant rate, owing to their increasing consumption of plant-based food products through cheese and meat. US is the largest shea butter market in North America due to increase in demand from millennial and surge in marketing activities. In addition, improved distribution channels also drive the growth of the product market in North America.

Growth in vegan рорulаtіоn and іnсrеаѕe in рорulаrіtу оf рlаnt-bаѕеd рrоduсtѕ аmоng соnѕumеrѕ аrе mајоr fасtоrѕ driving the growth of the global shear butter mаrkеt. Іn аddіtіоn, іnсrеаѕe in аdорtіоn оf hеаlthу lіfеѕtуlе аnd growth in рrеfеrеnсе for vеgеtаrіаn dіеt, оwіng tо rіѕіng hеаlth соnѕсіоuѕnеѕѕ аrе аlѕо fасtоrѕ аntісіраtеd tо ѕuрроrt the growth of the global shea butter mаrkеt.

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