Latin America Shea Butter Market Size & Outlook, 2024-2030
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Latin America shea butter market highlights
- The Latin America shea butter market generated a revenue of USD 112.3 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, raw and unrefined was the largest revenue generating product in 2022.
- Raw and Unrefined is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 112.3 million |
| Market revenue in 2030 | USD 172.4 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Raw and unrefined |
| Fastest growing segment | Raw and Unrefined |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Raw and Unrefined, Refined |
| Key market players worldwide | Basf SE, Cargill, Croda International PLC, Clariant AG, AAK AB, OLVEA, Sophim, Suru Chemicals & Pharmaceuticals, Nuts.com, Shea Radiance |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global shea butter market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,103.4 million by 2030.
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Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shea Radiance | View profile | 11-50 | Baltimore, Maryland, United States, North America | http://www.shearadiance.com |
| Nuts.com | View profile | 501-1000 | Cranford, New Jersey, United States, North America | https://nuts.com |
| Suru Chemicals & Pharmaceuticals | View profile | 11-50 | Andheri, Maharashtra, India, Asia | https://www.suruchemical.com |
| Sophim | View profile | 11-50 | Peyruis, Provence-Alpes-Cote d'Azur, France, Europe | http://www.sophim.com/ |
| OLVEA | View profile | 251-500 | Saint-léonard, Bretagne, France, Europe | https://www.olvea.com |
| AAK AB | View profile | 4120 | Pulpetgatan 20, Malmo, Sweden, SE-215 37 | https://www.aak.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America shea butter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shea butter market will help companies and investors design strategic landscapes.
Raw and unrefined was the largest segment with a revenue share of 61.09% in 2024. Horizon Databook has segmented the Latin America shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
The growing cosmetics industry, especially in Brazil, Argentina, Colombia, Chile, and Peru, is driving the demand for shea butter. The trend of using natural skincare products has also contributed to its popularity.
Brazil is one of South America's largest consumers of beauty and personal care products. Its increasing population, coupled with the growing cosmetics industry, makes it a significant market for shea butter.
Furthermore, the rise in demand for botanical and natural ingredients is likely to promote the use of shea butter in the region's personal care and food industries. Shea butter is a vegetable oil with a fat composition closely resembling cocoa butter.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America shea butter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America shea butter market size, by country, 2018-2030 (US$M)
Latin America Shea Butter Market Outlook Share, 2024 & 2030 (US$M)
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