Latin America Shea Butter Market Size & Outlook, 2024-2030
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Shea Butter Market Scope
Shea Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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.
Reasons to subscribe to Latin America shea butter market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America shea butter market databook
-
Our clientele includes a mix of shea butter market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Latin America shea butter market size, by country, 2018-2030 (US$M)
Latin America Shea Butter Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
