Product Code: GVR-3-68038-490-1
Shea Butter Market Growth & Trends:
The global shea butter market size is expected to reach USD 3.75 billion by 2030, according to a new report 6.8% by Grand View Research, Inc. The shea butter industry is expected to expand at a CAGR from 2022 to 2030. Shea butter exhibits functional and enhanced nutritional properties, which fuel its demand in various industries such as food, cosmetics & personal care, among others.
For instance, shea butter can be used as a natural antioxidant, trans-fat-free edible oil, food additive, and functional food ingredient. Furthermore, the surge in consumer demand for plant-based ingredients in skin care products is expected to increase the sales of shea butter over the forecast period.
The increasing emphasis on reformulating hair care products to make them healthier is expected to open new avenues for the shea butter industry across the globe. Hence, this will provide ample opportunities for major manufacturers in the market to formulate hair care products such as shampoos, conditioners, and serums, majorly using shea butter as their major ingredient. For instance, in May 2022, SheaMoisture revamped Raw Shea Butter Deep Moisturizing Collection made with - raw shea butter, sea kelp, and argan oil.
The raw and unrefined shea butter segment was the largest in 2021 and is expected to maintain dominance in the forecast period. This growth can be attributed to the high demand for unrefined shea butter in the cosmetic industry to manufacture better quality products such as lotions, lip balms, and other products made from unrefined shea butter. For instance, in July 2019, ONIC launches its new product, Cleopatra Raw Unrefined Shea butter in 100g Jar for consumers who are looking for premium virgin ivory pure unrefined shea butter.
The cosmetics & personal care segment held the largest market share in 2021. This can be attributed to the high product demand in this sector. Moreover, cosmetics companies are investing more in R&D to introduce new and more effective products containing shea butter. This is also likely to have a positive impact on segment growth. Increasing demand for anti-aging and skin conditioning products will boost the segment's growth further. For instance, in October 2022, Bliss launched an antioxidant-rich formula body lotion. The product is said to contain anti-aging ingredients like vitamins B3, C, and E, plus shea butter. The shea butter industry is fragmented in nature, with a major share almost equally divided among key players in the market
Shea Butter Market Report Highlights:
- Europe is expected to contribute a majority of the share to become the largest division in the global revenue in 2021 owing to the rising consumer awareness regarding natural ingredients in personal care products
- The raw and unrefined shea butter segment is projected to register faster growth during the forecast period as it maintains much more skincare benefits and vitamins, thus fulfilling the demand of consumers for healthier alternatives in skin care products
- Cosmetics & personal care is predicted to hold the largest market share during the forecast period owing to the wide use of shea butter in products such as moisturizers, anti-aging creams, and sun creams
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Application Outlook
Chapter 3. Shea Butter Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on the Shea Butter Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.7. Roadmap of Shea Butter Market
- 3.8. Market Entry Strategies
- 3.9. Buyer Behavior Analysis & Trends
Chapter 4. Shea Butter Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2021 & 2030
- 4.2. Raw and Unrefined
- 4.2.1. Market estimates and forecast for raw and unrefined, 2017 - 2030 (USD Million)
- 4.3. Refined
- 4.3.1. Market estimates and forecast for refined, 2017 - 2030 (USD Million)
Chapter 5. Shea Butter Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2021 & 2030
- 5.2. Cosmetics & Personal Care
- 5.2.1. Market estimates and forecast for cosmetics & personal care, 2017 - 2030 (USD Million)
- 5.3. Food
- 5.3.1. Market estimates and forecast for food, 2017 - 2030 (USD Million)
- 5.4. Others
- 5.4.1. Market estimates and forecast for others, 2017 - 2030 (USD Million)
Chapter 6. Shea Butter Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3.4. U.K.
- 6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.3.8. Spain
- 6.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4.7. Malaysia
- 6.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.4.8. Australia
- 6.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key global players, recent developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 7.3. Vendor Landscape
- 7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
- 8.1. BASF SE
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Olvea Group
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Sophim S.A.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Cargill, Inc.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Suru Chemicals
- 8.5.1. Financial Performance
- 8.5.2. Product Benchmarking
- 8.5.3. Strategic Initiatives
- 8.6. Ghana Nuts Company Ltd.
- 8.6.1. Company Overview
- 8.6.2. Company Overview
- 8.6.3. Financial Performance
- 8.6.4. Product Benchmarking
- 8.6.5. Strategic Initiatives
- 8.7. Croda International Plc
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Agrobotanicals, LLC
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Clariant AG
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. AAK AB
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives