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Executive Summary: Shea Butter - A Valuable Ingredient
Shea butter, also known as Galam butter or Karite butter, comes from the nut of the Vitellaria paradoxa plant. It's made mainly of stearic acid and oleic acid. To make shea butter, a process called fractionation is used. After this, refining is done to make it ready for use as a cocoa butter alternative. Shea butter is super useful in cosmetics, health products, and in making chocolate and confectionery items. Not just shea butter, but parts of it can also take the place of edible oils in different foods.
In Switzerland, the market for shea butter was worth about USD 16.54 million in 2019. By the end of 2027, it's expected to reach USD 23.21 million. That's a growth rate of around 4.49% between 2020 and 2027. The production of cocoa butter is going down, and this is one big reason why shea butter is becoming more popular. Also, using shea butter in making baked goods and sweet treats is making the market grow even more. People use shea butter a lot in making skincare products, and this is also making the market grow.
But there are a few things that might slow down this growth. Governments have strict rules about what goes into products, and this might make things harder for shea butter in some places. Even though people want natural things more now, shea butter can be a bit expensive. This high price could make it harder for the market to grow.
Despite these challenges, there are chances for good things to happen. The growing demand for natural stuff could make more companies want to use shea butter. This could be a big chance for companies that make shea butter. However, they might need to find a way to make it less expensive to make it even more popular.
In a nutshell, shea butter is really useful and getting more popular. It's used in lots of things and has a big market. But there are some problems, like strict rules and the high price, that could make it harder for the market to grow. However, if the demand for natural things keeps growing, shea butter could become even more popular, giving a good opportunity for companies that make it.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 1.1 Billion |
| Market Size Value In 2023 | USD 1.17 Billion |
| Growth Rate | 6.91% (2023-2032) |
Cocoa Butter Alternatives Market Highlights:
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