The Global Shea Butter Market size is expected to reach $3 billion by 2028, rising at a market growth of 7.0% CAGR during the forecast period.
Fats accumulated from the shea tree nuts are known as shea butter. The butter is a native product of the West Africa region and is usually solid at room temperature. The color of this butter varies from ivory or off-white to grayish-yellow. It is ivory in its raw state and yellow when dyed with palm oil or borututu root. For centuries, the people of the African peninsula have used shea butter as a cosmetic ingredient, mostly as a lotion, salve, or moisturizer.
The high vitamin and fatty acid concentrations of the butter make it an exceptional product for conditioning, soothing and smoothing the skin. Additionally, since the butter is edible, it is also used as a cooking oil and supplement. Many African countries have been traditionally using shea butter in food preparation, and presently, the butter is used in the food industry in products that need consistency or texture enhancement.
Generally, two prominent varieties of shea nuts are used for the preparation of shea butter. The West African variety, Vitellaria paradoxa, and the east African variety, Vitellaria nilotica produce shea butter that differs slightly in texture, nutrient content, and consistency. Shea butter prepared from the paradoxa variety is denser, while those crafted from nilotica tend to be more liquid.
Additionally, the east African variety of shea butter is considered to be more luxurious and is scarcely available because of the limited supply of the product. It also spreads more easily and suits many skin types and problems like sensitive skin, bruised skin, dry & peeling skin, wounds, burns, aging skin, and baby skin. On the other hand, the West African variety of shea butter is generally used for stretch marks, blemishes, wrinkles, and scars owing to its high vitamin A content.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AAK AB, Bunge Limited, BASF SE, Archer-Daniels-Midland Company, Clariant AG, Croda International PLC, Cargill, Incorporated, Stern-Wywiol Gruppe GmbH & Co. KG, OLVEA Group, 3F Industries Ltd.
Fats accumulated from the shea tree nuts are known as shea butter. The butter is a native product of the West Africa region and is usually solid at room temperature. The color of this butter varies from ivory or off-white to grayish-yellow. It is ivory in its raw state and yellow when dyed with palm oil or borututu root. For centuries, the people of the African peninsula have used shea butter as a cosmetic ingredient, mostly as a lotion, salve, or moisturizer.
The high vitamin and fatty acid concentrations of the butter make it an exceptional product for conditioning, soothing and smoothing the skin. Additionally, since the butter is edible, it is also used as a cooking oil and supplement. Many African countries have been traditionally using shea butter in food preparation, and presently, the butter is used in the food industry in products that need consistency or texture enhancement.
Generally, two prominent varieties of shea nuts are used for the preparation of shea butter. The West African variety, Vitellaria paradoxa, and the east African variety, Vitellaria nilotica produce shea butter that differs slightly in texture, nutrient content, and consistency. Shea butter prepared from the paradoxa variety is denser, while those crafted from nilotica tend to be more liquid.
Additionally, the east African variety of shea butter is considered to be more luxurious and is scarcely available because of the limited supply of the product. It also spreads more easily and suits many skin types and problems like sensitive skin, bruised skin, dry & peeling skin, wounds, burns, aging skin, and baby skin. On the other hand, the West African variety of shea butter is generally used for stretch marks, blemishes, wrinkles, and scars owing to its high vitamin A content.
COVID-19 Impact Analysis
The COVID-19 pandemic had a severely negative impact on the shea butter market. The period emerged as a difficult time for the manufacturing, developing, and logistics companies associated with this market. Since restrictions were placed in many nations by the governments, it disrupted the supply chain of the market. The most negative impact was faced by companies that dealt with the procurement and distribution of shea butter as a raw material since the pandemic led to the closure of international borders.Market Growth Factors
Increasing Awareness of the Benefits of Shea Buttery
Shea butter is widely known as an excellent emollient that smoothens and softens the skin. The rich amount of oil present in it rapidly soaks into the skin, creating a soft moisture-sealing barrier. Additionally, in the last few years, the other benefits of shea butter have been glorified intensely. The butter has healing and anti-inflammatory properties that help in managing swelling and redness on the face. It also promotes collagen production. All properties of shea butter emerge from the presence of fats in the nut.Rising Demand for Anti-Aging Skincare and Cosmetic Products
The hectic lifestyles of the present day have resulted in an increase in demand for high-performance and time-efficient products in general. The same demand is also made in the personal care industry. Additionally, hectic lifestyles have also led to the consumption of foods and beverages that are high in sugar or preservatives, which are responsible for the deterioration of skin and magnify wrinkles. As a result, the demand for antioxidant-rich products has intensified as antioxidants readily help in minimizing the effects of aging on the skin.Market Restraining Factors
Risks and Limitations Associated With the Use of Shea Butter
Shea butter is known as a low-risk topical compound for use, and the chances of allergic reactions from using it are rare but possible. Researchers believe that the low presence of a specific tree nut protein is mainly accountable for triggering allergies. While the low allergy-causing factor projects the product as suitable for all, it might not be the case. For many users, shea butter may clog pores and aggravate acne problems.Product Outlook
Based on product, the shea butter market is categorized into raw & unrefined and refined. The refined segment procured a considerable growth rate in the shea butter market in 2021. Processed or refined products elongate the shelf life of products. More people now demand refined shea butter as the refining process removes any scent and color of the product, which is especially good for sensitive people. The removal of color and scent also increases the applicability of shea butter to be mixed with other ingredients.
Application Outlook
On the basis of application, the shea butter market is divided into cosmetics & personal care, food, and others. The cosmetic and personal care segment acquired the largest revenue share in the shea butter market in 2021. The increasing use of shea butter in lotions, creams, soaps, toiletries, and color cosmetics is helping in the expansion of the segment. This demand is propelled by growing consumer inclination towards organic and natural beauty and skin care products. Additionally, the rising influence of sustainability is steadily increasing the demand for organic products.Regional Outlook
Based on region, the shea butter market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region garnered the maximum revenue share in the shea butter market in 2021. The use of shea butter is increasing in products like moisturizers, body lotions, and chocolates in this region owing to the presence of numerous pharmaceutical and cosmetics industries. The proximity of the region to the African subcontinent also ensures a steady supply of shea butter.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AAK AB, Bunge Limited, BASF SE, Archer-Daniels-Midland Company, Clariant AG, Croda International PLC, Cargill, Incorporated, Stern-Wywiol Gruppe GmbH & Co. KG, OLVEA Group, 3F Industries Ltd.
Scope of the Study
By Product
- Raw & Unrefined
- Refined
By Application
- Cosmetics & Personal Care
- Food
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AAK AB
- Bunge Limited
- BASF SE
- Archer-Daniels-Midland Company
- Clariant AG
- Croda International PLC
- Cargill, Incorporated
- Stern-Wywiol Gruppe GmbH & Co. KG
- OLVEA Group
- 3F Industries Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Shea Butter Market, by Product
1.4.2 Global Shea Butter Market, by Application
1.4.3 Global Shea Butter Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Shea Butter Market by Product
3.1 Global Raw & Unrefined Market by Region
3.2 Global Refined Market by Region
Chapter 4. Global Shea Butter Market by Application
4.1 Global Cosmetics & Personal Care Market by Region
4.2 Global Food Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Shea Butter Market by Region
5.1 North America Shea Butter Market
5.1.1 North America Shea Butter Market by Product
5.1.1.1 North America Raw & Unrefined Market by Country
5.1.1.2 North America Refined Market by Country
5.1.2 North America Shea Butter Market by Application
5.1.2.1 North America Cosmetics & Personal Care Market by Country
5.1.2.2 North America Food Market by Country
5.1.2.3 North America Others Market by Country
5.1.3 North America Shea Butter Market by Country
5.1.3.1 US Shea Butter Market
5.1.3.1.1 US Shea Butter Market by Product
5.1.3.1.2 US Shea Butter Market by Application
5.1.3.2 Canada Shea Butter Market
5.1.3.2.1 Canada Shea Butter Market by Product
5.1.3.2.2 Canada Shea Butter Market by Application
5.1.3.3 Mexico Shea Butter Market
5.1.3.3.1 Mexico Shea Butter Market by Product
5.1.3.3.2 Mexico Shea Butter Market by Application
5.1.3.4 Rest of North America Shea Butter Market
5.1.3.4.1 Rest of North America Shea Butter Market by Product
5.1.3.4.2 Rest of North America Shea Butter Market by Application
5.2 Europe Shea Butter Market
5.2.1 Europe Shea Butter Market by Product
5.2.1.1 Europe Raw & Unrefined Market by Country
5.2.1.2 Europe Refined Market by Country
5.2.2 Europe Shea Butter Market by Application
5.2.2.1 Europe Cosmetics & Personal Care Market by Country
5.2.2.2 Europe Food Market by Country
5.2.2.3 Europe Others Market by Country
5.2.3 Europe Shea Butter Market by Country
5.2.3.1 Germany Shea Butter Market
5.2.3.1.1 Germany Shea Butter Market by Product
5.2.3.1.2 Germany Shea Butter Market by Application
5.2.3.2 UK Shea Butter Market
5.2.3.2.1 UK Shea Butter Market by Product
5.2.3.2.2 UK Shea Butter Market by Application
5.2.3.3 France Shea Butter Market
5.2.3.3.1 France Shea Butter Market by Product
5.2.3.3.2 France Shea Butter Market by Application
5.2.3.4 Russia Shea Butter Market
5.2.3.4.1 Russia Shea Butter Market by Product
5.2.3.4.2 Russia Shea Butter Market by Application
5.2.3.5 Spain Shea Butter Market
5.2.3.5.1 Spain Shea Butter Market by Product
5.2.3.5.2 Spain Shea Butter Market by Application
5.2.3.6 Italy Shea Butter Market
5.2.3.6.1 Italy Shea Butter Market by Product
5.2.3.6.2 Italy Shea Butter Market by Application
5.2.3.7 Rest of Europe Shea Butter Market
5.2.3.7.1 Rest of Europe Shea Butter Market by Product
5.2.3.7.2 Rest of Europe Shea Butter Market by Application
5.3 Asia Pacific Shea Butter Market
5.3.1 Asia Pacific Shea Butter Market by Product
5.3.1.1 Asia Pacific Raw & Unrefined Market by Country
5.3.1.2 Asia Pacific Refined Market by Country
5.3.2 Asia Pacific Shea Butter Market by Application
5.3.2.1 Asia Pacific Cosmetics & Personal Care Market by Country
5.3.2.2 Asia Pacific Food Market by Country
5.3.2.3 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Shea Butter Market by Country
5.3.3.1 China Shea Butter Market
5.3.3.1.1 China Shea Butter Market by Product
5.3.3.1.2 China Shea Butter Market by Application
5.3.3.2 Japan Shea Butter Market
5.3.3.2.1 Japan Shea Butter Market by Product
5.3.3.2.2 Japan Shea Butter Market by Application
5.3.3.3 India Shea Butter Market
5.3.3.3.1 India Shea Butter Market by Product
5.3.3.3.2 India Shea Butter Market by Application
5.3.3.4 South Korea Shea Butter Market
5.3.3.4.1 South Korea Shea Butter Market by Product
5.3.3.4.2 South Korea Shea Butter Market by Application
5.3.3.5 Singapore Shea Butter Market
5.3.3.5.1 Singapore Shea Butter Market by Product
5.3.3.5.2 Singapore Shea Butter Market by Application
5.3.3.6 Malaysia Shea Butter Market
5.3.3.6.1 Malaysia Shea Butter Market by Product
5.3.3.6.2 Malaysia Shea Butter Market by Application
5.3.3.7 Rest of Asia Pacific Shea Butter Market
5.3.3.7.1 Rest of Asia Pacific Shea Butter Market by Product
5.3.3.7.2 Rest of Asia Pacific Shea Butter Market by Application
5.4 LAMEA Shea Butter Market
5.4.1 LAMEA Shea Butter Market by Product
5.4.1.1 LAMEA Raw & Unrefined Market by Country
5.4.1.2 LAMEA Refined Market by Country
5.4.2 LAMEA Shea Butter Market by Application
5.4.2.1 LAMEA Cosmetics & Personal Care Market by Country
5.4.2.2 LAMEA Food Market by Country
5.4.2.3 LAMEA Others Market by Country
5.4.3 LAMEA Shea Butter Market by Country
5.4.3.1 Brazil Shea Butter Market
5.4.3.1.1 Brazil Shea Butter Market by Product
5.4.3.1.2 Brazil Shea Butter Market by Application
5.4.3.2 Argentina Shea Butter Market
5.4.3.2.1 Argentina Shea Butter Market by Product
5.4.3.2.2 Argentina Shea Butter Market by Application
5.4.3.3 UAE Shea Butter Market
5.4.3.3.1 UAE Shea Butter Market by Product
5.4.3.3.2 UAE Shea Butter Market by Application
5.4.3.4 Saudi Arabia Shea Butter Market
5.4.3.4.1 Saudi Arabia Shea Butter Market by Product
5.4.3.4.2 Saudi Arabia Shea Butter Market by Application
5.4.3.5 South Africa Shea Butter Market
5.4.3.5.1 South Africa Shea Butter Market by Product
5.4.3.5.2 South Africa Shea Butter Market by Application
5.4.3.6 Nigeria Shea Butter Market
5.4.3.6.1 Nigeria Shea Butter Market by Product
5.4.3.6.2 Nigeria Shea Butter Market by Application
5.4.3.7 Rest of LAMEA Shea Butter Market
5.4.3.7.1 Rest of LAMEA Shea Butter Market by Product
5.4.3.7.2 Rest of LAMEA Shea Butter Market by Application
Chapter 6. Company Profiles
6.1 AAK AB
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Acquisition and Mergers:
6.2 Bunge Limited
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Approvals and Trials:
6.2.5.2 Geographical Expansions:
6.3 BASF SE
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.4 Archer-Daniels-Midland Company
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.5 Clariant AG
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.6 Croda International PLC
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.7 Cargill, Incorporated
6.7.1 Company Overview
6.7.2 Recent strategies and developments:
6.7.2.1 Acquisition and Mergers:
6.8 Stern-Wywiol Gruppe GmbH & Co. KG
6.8.1 Company Overview
6.9 OLVEA Group
6.9.1 Company Overview
6.10. 3F Industries Ltd.
6.10.1 Company Overview
Companies Mentioned
- AAK AB
- Bunge Limited
- BASF SE
- Archer-Daniels-Midland Company
- Clariant AG
- Croda International PLC
- Cargill, Incorporated
- Stern-Wywiol Gruppe GmbH & Co. KG
- OLVEA Group
- 3F Industries Ltd.
Methodology
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