New Product Development
In the forthcoming years, the shea butter market is poised for remarkable expansion, showcasing a promising growth trajectory. Projections indicate that by 2023, the market is anticipated to achieve a noteworthy value of US$ 2.75 billion, demonstrating its strong growth potential. This positive momentum is anticipated to persist as the market steadily progresses at a rate of …
Continue reading “Shea Butter Market to Grow at 7% CAGR, Reaching USD 5.58 Billion by 2033”
The global shea butter market According The market is expected to grow rapidly, according to Future Market Insights (FMI), which projects that a 7% CAGR will increase its value to US$ 5.58 billion by 2033. Because consumers are consuming more chocolate and candies, manufacturers are investigating healthier substitutes like shea butter. Additionally, their awareness of the …
The global shea butter market is set to witness growth at a CAGR of 7.7% and top a valuation of US$ 5.5 Bn by 2032, finds Future Market Insights (FMI). Increasing consumption and binge eating of chocolates and confectionery products is encouraging manufacturers to develop alternative solution such as shea butter as an ingredient, which are nutritional for human health. It …
