Business Opportunities in Nigeria and Across the World

Yes, you read it right! Shea Butter Extraction/Refinery business is another goldmine that is yet untapped. Only a few numbers of international and local organizations in Africa are players in this market. Though, the government in some African countries have also entered this market but still the market remains fully untapped. Shea Butter Production on it’s own is a goldmine as Shea Butter will continue to remain one of the foremost ingredients used in the cosmetic, pharmaceutical and confectionery industries. Today, the global shea market represents an estimated value of $2.75 billion, which is set to double within the next ten years to exceed $5.5 billion by 2033. Africa produces approximately 1,760,000 metric tons (MT) of raw shea nuts a year, and historically, most of this stayed within the African continent to supply domestic demand. The shea export market traditionally traded raw shea kernels rather than shea butter or other finished products. The shea tree is scattered across Af