Market Insights

The Global Shea Butter Market Size is expected to witness a robust growth owing to various medicinal and cosmetics applications. In 2016, the shea butter market was valued at US $XX.X Mn and it is expected to reach at a value of US $ XX.X Mn in 2024.

Shea butter is extracted for nut of shea tree (Vitellariaparadoxa) found in Africa it is yellow in colour and very thick at room temperature. It is long been used in sub-Saharan Africa for culinary, medicinal, and other applications and it is usually divided into two types: raw and unrefined shea butter and refined shea butter. Shea butter has various medicinal, food, and cosmetics uses and it is second most important oil crop in Africa after palm oil.

Shea Butter Market: Drivers Restrains Opportunities & Trends

Increasing adoption of shea butter owing to its various medicinal and cosmetic benefits such as it is used as anti-inflammatory agent for sprains and arthritis. It is rich in Vitamin A which helps to improve skin condition like wrinkles, eczema, and dermatitis is a key factor driving growth of the global shea butter market. In addition, high demand for shea butter as moisturizer because concentration of various vitamin and fatty acids which makes shea butter superior nourishing and moisturizing agent and it is very excellent agent for soaps, lotions, and cosmetic creams which are some other major factors expected to propel growth of the global shea butter market over the forecast period.

However, high price of shea butter and availability of various substitutes in market such as palm which are cost-effective and limited shelf life of shea butter which are some factors restraining growth of the global shea butter market over the forecast period.

Global Shea Butter Market: Segmentation

The global shea butter market is segmented on the basis of type, application, and region. On the basis of type the global shea butter market is segmented into, raw and unrefined shea butter refined shea butter. On the basis of application, the global shea butter market is segmented into, cosmetics, food, medicinal.

The cosmetic is expected to account for highest revenue share owing to high demand for skin and hair related products. Medicinal segment is expected to account for second-highest revenue owing to its various healing properties and its anti-inflammatory, emollient, and humectant properties.

Global Shea Butter Market: Regional Outlook

On the basis of region, the global shea butter market is segmented into, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The market in North America is expected to dominate the growth of the global shea butter market owing to high consumption and increasing awareness among general population about various uses of shea butter. The market in Europe is expected to account for second-highest revenue share owing to high demand for shea butter in cosmetic and increased disposable income to spend on such products.

Asia Pacific is expected to show significant growth in the global shea butter market owing to rising disposable incomes, increasing awareness among general population regarding its various uses, and rising health concerns in countries such as China and Japan. The market in Africa is expected to grow as a good rate which can be attributed to high production in countries such as Nigeria and Ghana. 

Global Shea Butter Market Segmentation:

Global Market Segmentation By Type

·         Raw and unrefined Shea butter

·         Refined Shea Butter

Global Market Segmentation By Application

·         Cosmetics

·         Food

·         Medical

Global Market Segmentation By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Key Players In The Global Shea Butter Market:

·         Star Shea Ltd.

·         All Pure Nature Ltd.

·         VINK CHEMICALS GMBH & CO. KG.

·         Jedwards International, Inc.

·         MaisonKariteSociedadLimitada

·         Shebu Industries

·         Shea Therapy Ltd (formerly trading as AGC Ltd)

·         The Pure Company etc.