Recently the Shea Butter Market published a report on Global Market research with about 100 industrial informative desk and Figures that spread through pages in easy to get details TOC on Shea Butter Market.
The statement provides information and the progress series of the business. It gave an idea that includes the advancement of the market and the business people in this industry. According to the report, the Shea Butter market will record a 9.9% CAGR as revenue. And in the next five years, it will rise to a surprising number. After months of research and a survey on Shea butter, the team ensures the following conclusions.
The West, Central, and East African countries are the core of Shea Butter production. But the Shea butter market is now across Asia, America, and Europe. Though a notable market of Shea butter exists for the cosmetic world, the chocolate market also takes a percentage of Shea butter.
The Middle East Africa 126.6 K MT is the central market of Shea butter, and it has 32.60% of share in the global sales in the year 2017. The next market of Shea butter is in Europe, and it shares an area of 107.9 K MT in the year 2017. This market shares 27.78%.
The report informs two main classifications of Shea butter. The first group is the raw or unrefined Shea butter and the second in refined Shea butter. The shared sales of each Shea butter quality were 37.36% and 62.64% in 2017.
The maximum use of Shea butter is in the cosmetic, medicine and food industry. The share mentioned for each of the industries is 38.52%, 11.82% and 49.66% in the year 2017.
This information segments the international Shea Butter Market based on the kinds are Unrefined and Raw Shea Butter. The average price of Shea butter is lower than the market price of cocoa butter.
Our company, African Fair Trade Society, is also a part of this Shea butter market for years. Because of our safe and reliable Shea products, we become one of the leading companies in Canada. But we use a large percentage of our profit in different well fair works. The fact is we trust that a little number of money can create an enormous difference in the life of people in rural areas, such as West Africa. Some of our notable projects in which we took parts are as below.
- Dakateli College
We believe that higher education can improve the condition of any area hugely. Therefore, we fund to build a college in Senegal in the year 2013. It was possible for us because of our customers.
- School Lunch Program
We also support the lunch of a school in West Africa. Because of our school lunch program, the number of students is increasing day by day, and it is our achievement. For sure, this will benefit the people in this area a lot in the upcoming days.
- School Table and Chairs
At a time, the condition of a school was so bad that it didn’t have a table and chair for the students. Therefore we contribute to buy these essentials so their education can go smoothly.
Go through our other blogs for more information about Shea butter.