Market Research Future (Food and Beverages) Shea Butter Market Research Report | Page 4

Shea Butter Market Research Report – Forecast to 2023
3 Pages
Segments
To gauge an accurate understanding of the market potentiality, the report is segmented by species, applications,
certification, and regions. Based on the species, the market is bifurcated as vitellaria paradoxa and vitellaria nilotica.
Based on the applications, the market is divided for food, cosmetics, medicines, and others. Based on certification,
the market is segmented into certified, uncertified and others. Based on geographical regions, the market is divided
into North America, Europe, Asia Pacific, Middle East, and Africa.
Europe led by France and closely followed by Germany accounts for the second largest market owing to the high
presence of global players such as L'Oreal S.A. and sizeable cosmetic industry of France. Europe is supported by
North America dominated by the U.S.
However, Asia Pacific region led by Japan, China and India are expected to attract the most significant market share
shortly. India is expected to top the list of the fastest growing markets in the world owing to its fast developing
cosmetics sector and the considerable investment made by cosmetic giants such as Lakme and Revlon in the Indian
market.
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