SELBYVILLE, Del., Dec. 15, 2021
Shea Butter Industry is projected to register over 7.5% CAGR through 2027 due to shift in consumer dietary habits and growing adoption of organic or natural cosmetic products
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:
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:
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
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