Shea Butter Market value worth $3 billion by 2027, Says Global Market Insights Inc.

SELBYVILLE, Del., Dec. 15, 2021 /PRNewswire/ -- The shea butter market revenue is anticipated to surpass USD 3 billion by 2027, according to a new research report by Global Market Insights Inc. Rapid development of cost-effective cosmetic products is uplifting the overall market demand.

Refined shea butter market is projected to register around 7.5% CAGR through 2027. Refined shea butter is a processed form of raw or virgin shea butter. It contains unique proteins and minerals such as potassium and magnesium. It is used in the food and beverage sector as an alternative to vegetable oils, especially in the chocolate and confectionery industries. It also finds vast application in cosmetic industry on account of its anti-inflammatory, antioxidant and ability to boost collagen production which helps to rejuvenate and nourish the damaged skin.

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Some major findings of the Shea Butter Market report include:

• Refined shea butter industry is anticipated to grow at a CAGR of around 7.5% up to 2027 owing to characteristics such as excellent antioxidant and moisturizing properties.
• Shea butter market for food and beverages exceeded USD 1,140 million in 2020 and is set to achieve a significant CAGR in the coming years driven by increasing consumption of convenience food products due to busy and hectic life schedule.
• Some of the key players operating in the market are, O.K.D organic products, Akoma International Ltd, Growmore Exim Private Ltd , Croda Internatioand , International oils & fats Ltd , AAK AB, Bunge Limited, The Savannah Fruits Company and others.
• Asia Pacific is projected to witness a CAGR of 8% during the forecast period owing to the rapid development of personal care & cosmetic industry.

Browse key industry insights spread across 165 pages with 210 market data tables and 10 figures & charts from the report, "Shea Butter Market Statistics, By Product (Raw and Unrefined Shea Butter, Refined Shea Butter), Application (Food & Beverage, Personal Care & Cosmetics and Pharmaceutical), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021– 2027", in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/shea-butter-market

Asia Pacific shea butter market is expected to surpass USD 390 million by 2027. rapid development of personal care & cosmetic industry is anticipated to propel the product demand. Growing consumer focus towards personal hygiene and appearance coupled with the increasing disposable income has raise the adoption of skin care & beauty products which drives the demand of shea butter in the region. Increasing penetration of ecommerce has boosted the online sales of personal care & cosmetics in recent years thereby boosting the market expansion.

Shea butter improves the texture and appearance of the skin and has a healing effect thus used in personal care and cosmetics. Shea butter is widely used in toners, moisturizing creams and lotions as an anti-aging and anti-rooting agent for treating acne and blemishes, moisturizing dry skin, restoring skin elasticity.

Browse the Toc of this report @ https://www.gminsights.com/toc/detail/shea-butter-market

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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SOURCE Global Market Insights Inc.