Shea Butter Market Report 2024 (Global Edition)

Global Shea Butter Market Report 2024 Market Size Split by Nature (Organic, Conventional), by Species (Vitellaria Nilotica, Vitellaria Paradoxa), by Certification (Uncertified, Certified), by End-User...

Shea Butter Market Report Description

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Shea Butter Market Insights Video

Competitive Landscape of the Shea Butter Market

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.

• March 2023, Hanahana Beauty, a skincare line, has announced the availability of shea butter products at Ulta.

(Source:www.teenvogue.com/story/hanahana-beauty-launching-in-ulta)

Top Companies Market Share in Shea Butter Industry: (In no particular order of Rank)

• 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)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

Europe dominated the market in 2023 and accounted for around 35% of the global revenue

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. 

• According to a March 2022 article released by the Centre for the Promotion of Imports (CBI), around 25% of the major use of the ingredient above in the form of various products is accounted for by Europe. Furthermore, this boom is expected tocontinue due to the region's substantial raw material supply from Sub-Saharan African countries.

(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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Shea Butter Market

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.

Europe Shea Butter Market

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.

Asia Pacific Shea Butter Market

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. 

South America Shea Butter Market

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.

Middle East and Africa Shea Butter Market

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.

Shea Butter Market Analysis

Shea Butter Nature Segment Analysis

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

• Organic
• Conventional

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!

Shea Butter Species Segment Analysis

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.

• Vitellaria Nilotica
• Vitellaria Paradoxa

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Shea Butter Certification Segment Analysis

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.

• Uncertified
• Certified

Shea Butter End-User Segment Analysis

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.

• Pharmaceuticals & Medical
• Cosmetics & Personal Care
• Food Processing
• Retail
• Others

Shea Butter Distribution Channel Segment Analysis

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.

• Specialty Stores
• Online Stores
• Supermarket
• Convenience Stores
• Hypermarket
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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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.

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