Global Shea Butter
Market Report
2024
The Global Shea Butter market will be USD 2.8 billion in 2023 and expand at a compound annual growth rate (CAGR) of 8.60% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Shea Butter market will be USD 2.8 billion in 2023 and expand at a compound annual growth rate (CAGR) of 8.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Shea Butter Market Sales Revenue 2020 | $ 647.99 Billion |
Global Shea Butter Market Sales Revenue 2023 | $ 2.8 Billion |
Global Shea Butter Market Sales Revenue 2030 | $ 2077.15 Billion |
Global Shea Butter Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.6% |
North America Shea Butter Market Sales Revenue 2023 | $ 0.84 Billion |
North America Shea Butter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
Europe Shea Butter Market Sales Revenue 2023 | $ 0.98 Billion |
Europe Shea Butter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
Asia Pacific Shea Butter Market Sales Revenue 2023 | $ 0.73 Billion |
South America Shea Butter Market Sales Revenue 2023 | $ 0.14 Billion |
South America Shea Butter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.7% |
Middle East and Africa Shea Butter Market Sales Revenue 2023 | $ 0.11 Billion |
Middle East and Africa Shea Butter Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Market Split by Nature |
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Market Split by Species |
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Market Split by Certification |
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Market Split by End-User |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Shea Butter Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Shea butter is a pale yellowish or ivory natural vegetable fat obtained from the African tree nut Vitellaria paradoxa. Saturated and unsaturated fatty acids, vitamins E, A, F, and carotene, are all found in the nozzle. Vitamins E and A are collagen boosters that soothe and moisturize the skin. Shea butter is an excellent base for moisturizing hair and skin products. It is often used in cosmetics as a moisturizer, salve, or lotion, and it has well-known anti-environmental skin-damaging properties such as dryness, rash, and others. The market for cosmetic shea butter is predicted to grow over the forecast period due to rising cosmetic use among the young and senior population.
Natural, environmentally friendly, and ethically derived skincare is becoming increasingly popular among consumers. Shea butter has various benefits, including anti-ageing characteristics, extra moisturizing properties, and a healing effect, which increases its use in cosmetic goods. It is utilized as a natural ingredient in creating many cosmetic products, and organic shea butter is popular in the market. Women and younger generations prefer cosmetics made with natural ingredients.
According to Wonderflow, in January 2022, over 24% of adult U.S. buyers of natural skin care products favoured natural-ingredient-based cosmetic goods due to their numerous benefits. Refined shea butter aids moisture retention, but unrefined shea butter promotes cell regeneration.
Shea nut butter is used in various industries, including food and personal care. It is beneficial in a range of conditions. It provides better benefits to the skin and hair by nourishing and hydrating the skin. It also heals skin rashes, eczema, bug bites, and poison ivy. It also aids in reducing fine lines and wrinkles. As the prevalence of lifestyle-related disorders rises, consumers worldwide are becoming more health conscious. As a result, customers believe that products having natural components, such as shea butter, are safer and healthier than those containing processed or chemical chemicals. Customers' greater acceptance of shea butter is propelling market expansion.
The extensive availability of alternatives in the market is the key restriction for the global shea butter industry. Avocado butter, mango butter, palm oil, cupuacu butter, and others are some less expensive shea butter substitutes for food, personal care, and other industries. Cupuacu butter has more moisturizing characteristics than shea butter. The environmental constraints of shea tree development, the high price of raw shea nuts, and the absence of contemporary technology in shea butter extraction and processing are significant restrictions for the worldwide shea butter industry. Market expansion is hampered by a lack of minimum quality standards and a low level of industry structure.
The COVID-19 outbreak negatively influenced the market since it disrupted the supply of raw materials to production units due to a rigorous lockdown. Furthermore, enterprises and shops were closed, further reducing shea butter-based product sales.
According to a National Center for Biotechnology Information (NCBI) article, the use of shea butter in soap products will be restricted by 25% in November 2021. Furthermore, the global economic downturn forced people to save and spend money with prudence, which influenced the market.
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The major firms rapidly adapt new strategies to gain a competitive advantage and market share. The primary shea butter market participants prioritise expanding creative products to serve a vast consumer base and acquire a competitive advantage.
(Source:www.teenvogue.com/story/hanahana-beauty-launching-in-ulta)
Top Companies Market Share in Shea Butter Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Europe dominated the market in 2023 and accounted for around 35% of the global revenue; because of the high number of cosmetics and pharmaceutical businesses in Europe, shea butter is widely utilized in the production of items such as body lotions, moisturizers, and chocolates.
(Source:www.healthline.com/health/shea-butter-for-face)
North America is the fastest-growing category. Rising disposable income and purchasing power in this region drive market expansion. People's increased health awareness and improved healthy lives drive market expansion in this region. The FDA and other agencies' authorization to use shea butter in various sectors, such as food and drinks, personal care, and others, propels market expansion in this region.
The current report Scope analyzes Shea Butter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, North America held the major market of more than 30% of the global revenue with a market size of USD 0.84 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030 The shea butter business in North America is growing as consumer preferences shift toward natural and sustainable skincare products. Shea butter has had substantial traction in the region's skincare business, with a growing emphasis on clean beauty. The cosmetics and personal care industry, where shea butter's inherent moisturizing characteristics make it a desirable ingredient in skincare and haircare products, is one notable category driving this expansion. Furthermore, growing knowledge of the benefits of shea butter in boosting skin health supports its demand. As North American consumers emphasize clean, plant-based ingredients, the region's shea butter market expands, demonstrating a strong trend toward natural beauty and encouraging the use of shea butter in various skincare formulations.
According to Cognitive Market Research, with a market value of USD 0.98 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 35% of the total Shea butter has been adopted by the region's beauty and personal care industry for its moisturizing and nourishing properties, harmonizing with the growing consumer preference for clean and sustainable beauty. The organic skincare sector, where shea butter plays an important part in formulations for ecologically concerned consumers, is a noteworthy contributor to this increase. Shea butter's versatility in addressing many skin issues adds to its appeal in European skincare routines. As consumer preferences for clean beauty continue evolving, the European shea butter industry is positioned to expand, reflecting a broader shift toward natural and ethical beauty practices.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 26% of the global revenue with market size of USD 0.73 billion in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2023 to 2030 Consumers in Asia Pacific are flocking to shea butter for its moisturizing and anti-inflammatory effects as they become more aware of the benefits of skincare and a preference for clean beauty. The cosmetics and beauty industry, where shea butter is used in various skincare formulations, is a prominent segment driving market growth. The popularity of traditional beauty techniques that stress natural ingredients is also fueling industry expansion. As the need for natural and sustainable skincare solutions grows, the Asia Pacific shea butter market is poised for continued growth, demonstrating a balanced blend of ancient wisdom and current beauty demands.
According to Cognitive Market Research, Latin America accounted for more than 5% of the global Shea Butter revenue in 2023, with a market size of USD 0.14 billion in 2023. It will grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. Shea butter has been welcomed by the region's skincare sector for its moisturizing and healing capabilities, harmonizing with the cultural value of traditional substances in beauty regimens. The increased demand for shea butter in natural and artisanal skincare products is a crucial component contributing to the market's rise. Shea butter is becoming a standard in various skincare formulas as Latin American customers prefer authentic and plant-based ingredients. With a cultural preference for natural beauty and wellness, the Latin American shea butter market is positioned for continuous expansion, indicating a convergence of traditional values and contemporary beauty trends.
According to Cognitive Market Research, the Middle East and Africa accounted for more than 4% of the global revenue in 2023, with a market size of USD 0.11 billion in 2023. They will grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030 due to increased urbanization and a growing middle-class population boosting cosmetics demand. Social media and beauty influencers are vital in popularizing Shea Butter trends. Additionally, the region's focus on cultural diversity and inclusivity drives the demand for various shades and styles of eyebrow products, making it a growing market for cosmetics companies. According to Cognitive Market Research, the eyebrow pencil segment has grown substantially due to rising consumer interest in defining and enhancing eyebrows. This trend aligns with a broader global movement toward personalized grooming and the pursuit of well-defined, fashionable brows, making eyebrow pencils a sought-after product in the MEA market. In conclusion, the MEA (Middle East and Africa) Shea Butter market exhibits growth potential due to increased beauty consciousness, trends, and emerging markets, with a focus on product diversity and inclusivity.
Global Shea Butter Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Shea Butter Industry growth. Shea Butter market has been segmented with the help of its Nature, Species Certification, and others. Shea Butter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, organic products held the major market share over the forecast period. Organic shea butter is becoming more popular as people prefer natural and sustainable options. Due to its moisturizing and nourishing characteristics, organic shea butter is in high demand in the cosmetics and skincare industries. This development indicates a growing awareness of the benefits of organic products, helping drive the shea butter market forward.
Conventional is the fastest-growing category over the forecast period. While organic shea butter is becoming more popular, the conventional shea butter business is expanding. Traditional shea butter is still used in various industries, including cosmetics, food, and pharmaceuticals. Its versatility and diverse applications help sustain demand. As businesses continue to rely on shea butter for its moisturizing and nutritional benefits, both conventional and organic forms play critical roles in addressing a wide range of consumer demands and preferences
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Shea Butter Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Vitellaria Nilotica holds a prominent market share. Vitellaria Nilotica yields premium-grade shea butter with a softer texture and higher olein content than the more common Vitellaria paradoxa. Its distinct properties make it increasingly desirable, particularly in the cosmetics and skincare industries, contributing to the diversification and expansion of the shea butter market.
Vitellaria paradoxes are the fastest-growing category over the forecast period. This subspecies of the shea tree provides high-quality shea butter, which is well-known for its numerous applications in cosmetics, cuisine, and pharmaceuticals. Its extensive use and consumer demand for natural and nourishing ingredients add to the shea butter market's continuous growth as customers embrace its benefits across multiple industries.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Shea Butter market report 2024 Edition by contacting our team.
According to Cognitive Market Research, certified products hold a prominent market share. Shea butter, which has been certified as satisfying quality and environmental requirements, is gaining popularity. This expansion is fueled by consumer preferences for ethically sourced and environmentally friendly materials. As customer demand for transparent and verified products grows, the shea butter industry demonstrates a commitment to quality and responsible sourcing processes in line with changing consumer expectations.
Uncertified is the fastest-growing category over the forecast period. This category is helping the shea butter market flourish by providing a more accessible and broader selection of goods. While certified shea butter caters to individuals looking for precise requirements, uncertified shea butter caters to a broader market. The growth of this segment shows the wide range of consumer preferences. It emphasises the versatility of shea butter in various industries, such as cosmetics, food, and medicines.
According to Cognitive Market Research, Food Processing holds a prominent market share. Because of its versatility and nutritious characteristics, shea butter is a beneficial ingredient in various food products. Shea butter is increasingly used in food processing as consumers seek natural and health-conscious alternatives. Its uses in confectionery, baked goods, and snacks help to drive market growth in the food industry.
Cosmetics & Personal Care is the fastest-growing category over the forecast period. Shea butter is popular in skincare and haircare products due to its natural moisturizing and skin-nourishing characteristics. Shea butter demand continues to expand as consumer preferences move toward clean and natural beauty solutions, adding considerably to the market's expansion within the cosmetics and personal care industry.
According to Cognitive Market Research, Online Stores hold a prominent market share. Online platforms provide easy access to a varied selection of shea butter goods, directly linking producers and customers. The convenience of online purchasing and rising demand for natural beauty products led to Shea Butter's growing market presence in the digital retail area.
The supermarket category will be the fastest-growing over the forecast period.d. Supermarkets are important retail channels for shea butter products because they match consumers' desire for natural skincare solutions. The ease of acquiring shea butter alongside common necessities increases its accessibility. Supermarkets play an important role in boosting the reach and availability of shea butter in the market as consumers increasingly seek natural and healthy products.
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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Shea Butter Market is witnessing significant growth in the near future.
In 2023, the Organic segment accounted for noticeable share of global Shea Butter Market and is projected to experience significant growth in the near future.
The Vitellaria Nilotica segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Shea Butter HQ (Australia) , Lily of the Desert (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Nature | Organic, Conventional |
Species | Vitellaria Nilotica, Vitellaria Paradoxa |
Certification | Uncertified, Certified |
End-User | Pharmaceuticals & Medical, Cosmetics & Personal Care, Food Processing, Retail, Others |
Distribution Channel | Specialty Stores, Online Stores, Supermarket, Convenience Stores, Hypermarket, Others |
List of Competitors | Shea Butter HQ (Australia), Aloe Plus Lanzarote S.L (Spain), Lily of the Desert (U.S.), NOW foods. (U.S.), Forever Living.com L.L.C. (U.S.), Real Aloe Solutions Inc. (U.S.), Patanjali Ayurved (India), Herbalife International of America Inc. (U.S.), Sarvliving (India), Green Leaf Naturals (U.S.), Warren Laboratories LLC (U.S.), Lakewood Inc (U.S.) , The Bountiful Company (U.S.), LR Health & Beauty (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Shea Butter. Further deep in this chapter, you will be able to review Global Shea Butter Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Shea Butter Market Trends North America Shea Butter Technological Road Map North America Shea Butter Market Drivers North America Shea Butter Market Restraints North America Shea Butter Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Nature Analysis 2019 -2031, will provide market size split by Nature. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Nature Analysis 2019 -2031
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Chapter 11 Market Split by Species Analysis 2019 -2031
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Chapter 12 Market Split by Certification Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
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Chapter 14 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Shea Butter market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Organic have a significant impact on Shea Butter market? |
What are the key factors affecting the Organic and Conventional of Shea Butter Market? |
What is the CAGR/Growth Rate of Vitellaria Nilotica during the forecast period? |
By type, which segment accounted for largest share of the global Shea Butter Market? |
Which region is expected to dominate the global Shea Butter Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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