Kartie Tree Extract Market - Forecast(2022 - 2027)

Report Code: FBR 0491 Report Format: PDF + Excel

Kartie Tree Extract Market Report Overview

Kartie Tree Extract Market is estimated to contribute a value of $198.1 Million for the year 2020 during the forecast period of 2021-2026. The CAGR for the period is estimated at 3.8%. Kartie Tree is an indigenous tree found in the sub-Saharan region of Africa, also known as Shea Tree or Vietellaria Paradoxa. The extract is obtained from the Kartie Nut, which helps in making Shea Butter and other products. The Kartie Tree extracts contain fatty, amino, stearic, and oleic acids, along with a rich proportion of vitamins and minerals.

Due to the presence of Vitamin A and E, the extract is used as an emollient and skin moisturizer by various cosmetic and personal care industries, making a sizable contribution to the overall demand for the Kartie tree extract. Shea Butter, an extract of Kartie Tree serves as a substitute for palm and cocoa oil, due to its low cost and low-fat content, thereby increasing its demand across the food ingredient market. Due to the various benefits provided by Kartie Tree extract, market size is bound to grow at a substantial rate during the forecast period of 2021-2026.

Report Coverage

The report: “Kartie Tree Extract Market (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Kartie Tree Extract Market.
By Application- Cosmetics and Personal Care, Medicine, Food and Beverages, and others.
By Extraction Technique- Traditional, Mechanical, Enzymatic and Chemical
By Purity and Processing- Grade A, Grade B, Grade C, Grade D and Grade E.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • North America dominated the Kartie Tree Extract market share for the year 2020, due to change in preferences towards low-fat foods and beverages. Rest of the World also promises stable growth in the forecast period of 2021-2026.
  • Diversifying product portfolios can help the companies reap better market share and the aligned revenues
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the final Kartie Food Market Report.
  • Challenges are present in maintaining the machinery required for production due to higher costs involved, and also due to the presence of low-cost substitutes.

Kartie Tree Extract Market

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Kartie Tree Extract Market Segment Analysis- By Application

Based on Application, The Kartie Tree Extract Market share is segmented into four sub-categories namely, Cosmetic and Personal Care; Food and Beverages; Medicines; and others. Cosmetic and Personal Care accounted for the largest share in the year 2020. The rising demand in this segment is owed to the added benefits provided by shea butter and other extracts. The Kartie tree extract holds properties that absorb the ultraviolet rays thereby making it a right fit for sunscreens.

The following attributes make the cosmetic and personal care products register a higher CAGR of 4.6% and fastest-growing segment owing to the presence of Vitamin A and E serves the requirement for a moisturizer and an emollient. Kartie extracts in form of butter are also used in making hair masks, due to their binding property, the extract protects the hair from heat and other radicals. 

Kartie Tree Extract Market Segment Analysis- By Extraction Technique

Based on extraction techniques, Kartie tree extracts can be obtained by four different processes namely, traditional; mechanical; chemical and enzymatic, and each rendering its benefits. Amongst the following, the enzymatic technique is the fastest adopted technique and holds the majority share across the Kartie Tree Extract Industry. The reason for the demand in enzymatic approach is due to the certain characteristics the obtained product holds, which are in line with the permissible limits of WHO, which governs the quality on four major characteristics such as peroxide value, moisture content, free fatty acid levels, and insoluble impurities.

Enzymatic Technique is set to grow at the fastest CAGR 4.1% levels amongst others in this segment. The reason for adopting to enzymatic technique is that the extract holds its earnest value and quality, which is otherwise lost in chemical and mechanical techniques. Hence the industries demand the by-product by this technique.

Kartie Tree Extract Market Segment Analysis- By Geography

By Geography, North America dominated the overall market share by contributing a total share of 40%. The rising demand is associated with the demand coming primarily from the cosmetic and personal care products, along with the food and beverages segment. The Kartie Tree Extract Industry Outlook for the demographic for North America looks optimistic and will account for the fastest-growing region during the forecast period of 2021-2026, the reason associated with the surge is the gradual shift in using shea butter, instead of cocoa butter as the latter is expensive and the deficit in supply.

Kartie Tree Extract Market Drivers

Rising Incidence of Cholesterol

The presence of stearic acid in Kartie tree extract helps in lowering the overall LDL- Low Density Lipoprotein and overall cholesterol level. Increase in cholesterol can lead to multiple diseases like diabetes, high blood pressure, coronary heart diseases and stroke. 29 million of the adult population in USA have high cholesterol. Hence, with adoption of Kartie tree extracts, the overall cholesterol can be kept in control. Kartie extract oil is now heavily demanded by North America due to its health benefits over the others.

No Allergic Reactions

The benefit of using the Kartie tree extract is that it has no IgE binding soluble proteins, which makes it safe for people with nut allergies. According to the recent trends, around 3 million Americans are allergic to nuts. With no allergic contractions, the population can be targeted.

Kartie Tree Extract Market Challenges

High Competition

Due to the availability of cheaper substitutes like mango butter, avocado butter and others, can hamper the overall market growth of the Kartie Tree Extract Industry.

High Cost of Installation

The high costs associated with the installation and maintenance of these machines is also a factor that may hamper the revenue growth of the global Kartie Tree Extract Industry over the course of this forecast period.

Kartie Tree Extract Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Kartie Tree Extract Market. Kartie Tree Extract Market top 10 companies include- Olvea Group, Sophim S.A, Cargill Inc, Suru Chemicals, Ghana Nuts Company Ltd., Croda International Plc, Agrobotanicals LLC, Clariant AG, Inkuto and Fuji Oils

Developments

  • In June 2020, Fuji Oils launched, “Kartei Sustainability Programme” through which it partners with various women run cooperatives, who in turn will provide the company with market kernel volumes of a specific quality, and the company shall provide finance prior to the harvest. Apart from funding the harvest, the company will also support the cooperatives in maintaining warehouses and reforesting the barrel land.

Relevant Titles

Report Code – FBR 64803

Report Code – FBR 83264


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1. Kartie Tree Extract Market- Market Overview
    1.1 Definitions and Scope
2. Kartie Tree Extract Market- Executive Summary
    2.1 Market Revenues and Key Trends by Company
    2.2 Key Trends by Application
    2.3 Key Trends by Extraction Technique
    2.4 Key Trends by Purity
    2.5 Key Trends by Geography
3. Kartie Tree Extract Market- Comparative Analysis
    3.1 Product Benchmarking- Key Companies
    3.2 Financial Analysis- Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Kartie Tree Extract Market- Startup Companies Scenario
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Kartie Tree Extract Market- Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Kartie Tree Extract Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Forces Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Power of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of Substitutes
7. Kartie Tree Extract Market- Strategic Analysis
    7.1 Value- Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Kartie Tree Extract Market - By Application (Market Size- $Million/$Billion)
    8.1 Medicine
    8.2 Cosmetic and Personal Care
    8.3 Food and Beverages
    8.4 Others
9. Kartie Tree Extract Market – By Extraction Technique (Market Size- $Million/$Billion)
    9.1 Traditional
    9.2 Mechanical
    9.3 Enzymatic
    9.4 Chemical
10. Kartie Tree Extract Market- By Purity and Processing(Market Size- $Million/$Billion)
    10.1 Grade A
    10.2 Grade B
    10.3 Grade C
    10.4 Grade D
    10.5 Grade E
11. Kartie Tree Extract Market- By Geography (Market Size- $Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.1.4 U.K.
        11.1.5 France
        11.1.6 Germany
        11.1.7 Italy
        11.1.8 Spain
        11.1.9 Russia
        11.1.10 Rest of Europe
    11.3 Asia Pacific
        11.1.11 China
        11.1.12 India
        11.1.13 Japan
        11.1.14 South Korea
        11.1.15 Australia & New Zealand
        11.1.16 Rest of Asia Pacific
    11.4 South America
        11.1.17 Brazil
        11.1.18 Argentina
        11.1.19 Rest of South America
    11.5 Rest of the World
        11.1.20 Middle East
        11.1.21 Africa
12. Kartie Tree Extract Market Entropy
13. Kartie Tree Extract Market- Industry/ Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share- Key Companies
        13.1.2 Market Share by Region- Key Companies
        13.1.3 Market Share by Country- Key Companies
        13.1.4 Best Practices for Companies
14. Kartie Tree Extract Market- Key Company List by Country Premium (Premium)
15. Kartie Tree Extract Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more