North America Shea Butter Market Size & Outlook, 2024-2030
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North America shea butter market highlights
- The North America shea butter market generated a revenue of USD 625.7 million in 2022.
- The market is expected to grow at a CAGR of 7.2% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 625.7 million |
| Market revenue in 2030 | USD 1,090.7 million |
| Growth rate | 7.2% (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, North America region accounted for 28.9% 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 |
|---|
North 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 63.13% in 2024. Horizon Databook has segmented the North America shea butter market based on raw and unrefined, refined covering the revenue growth of each sub-segment from 2018 to 2030.
Shea butter products are governed by U.S. laws to guarantee customer safety, product quality, and truthful labeling. The public's health is safeguarded, false claims and adulteration are avoided, and standards for food, soap, and cosmetics are upheld in the marketplace.
In the U.S., shea butter products are subject to various regulations and standards, mainly under the jurisdiction of the U.S. Food and Drug Administration (FDA) and the U.S. Department of Agriculture (USDA).
The U.S. government is engaging in strategic collaborations with African entities that extend beyond shea butter product imports. These partnerships foster social and economic empowerment by investing in African economies.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America shea butter market , including forecasts for subscribers. This continent databook contains high-level insights into North America shea butter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America shea butter market size, by country, 2018-2030 (US$M)
North America Shea Butter Market Outlook Share, 2024 & 2030 (US$M)
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