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    Shea Butter Market

    ID: MRFR/F-B & N/4702-CR
    128 Pages
    Pradeep Nandi
    February 2021

    Shea Butter Market Research Report By Application (Cosmetics, Food Beverages, Pharmaceuticals, Personal Care, Nutraceuticals), By Form (Raw Shea Butter, Refined Shea Butter, Deodorized Shea Butter, Liquid Shea Butter), By End Use (Household, Commercial, Industrial), By Distribution Channel (Online, Offline, Direct Sales) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Shea Butter Market Infographic
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    Shea Butter Market Summary

    As per Market Research Future Analysis, the Global Shea Butter Market is projected to grow significantly, driven by increasing consumer demand for natural and organic ingredients in cosmetics and personal care products. The market size was estimated at 1.67 USD Billion in 2023 and is expected to reach 3.5 USD Billion by 2035, reflecting a CAGR of 6.39% from 2025 to 2035. The rising awareness of shea butter's health benefits and sustainable sourcing practices further bolster market growth.

    Key Market Trends & Highlights

    The Global Shea Butter Market is witnessing transformative trends that are shaping its growth trajectory.

    • Market size in 2024: USD 1.77 Billion; expected to reach USD 3.5 Billion by 2035.
    • Cosmetics application segment valued at USD 0.67 Billion in 2024; projected to grow to USD 1.3 Billion by 2035.
    • Fair Trade shea butter sales increased by 30% over the last five years.
    • Online distribution channels are expanding due to rising digital penetration.

    Market Size & Forecast

    2023 Market Size USD 1.67 Billion
    2024 Market Size USD 1.77 Billion
    2035 Market Size USD 3.5 Billion
    CAGR (2025-2035) 6.39%

    Major Players

    Key Companies include Dukaan, Kahawa 1893, Kenya Shea Butter, Sankofa Shea, AOS Products, Rizwan Shea Butter, The Jojoba Company, Global Shea Alliance, Ayansh Goel, CFAO Shea, Radiance, Ghana Nuts Company, Ghana Shea Butter Company, Nutra Blast, Owen Owen.

    Shea Butter Market Trends

    The Global Shea Butter Market is experiencing notable trends driven by a shift towards natural and organic ingredients in beauty and personal care products. Consumers are increasingly aware of the benefits of shea butter, which is renowned for its moisturizing properties, leading to a higher demand for products formulated with this ingredient. Additionally, the rising popularity of cruelty-free and vegan cosmetics is serving as a key market driver, as shea butter fits well within these ethical consumer preferences.

    Sustainable sourcing practices are also becoming more critical, with many brands seeking certifications that support fair trade and environmentally responsible practices, thus enhancing their appeal to socially conscious consumers.Opportunities in the Global Shea Butter Market continue to expand as new applications are discovered across various sectors, including food, pharmaceuticals, and biofuels. 

    The versatility of shea butter allows it to be utilized not only in cosmetics but also as an ingredient in healthy cooking oils and dietary supplements, catering to the growing consumer interest in health and wellness. Moreover, innovation in processing techniques can improve the quality and yield of shea butter, presenting further chances for growth. Recent trends show an increase in partnerships and collaborations between producers and brands to ensure quality and consistency in supply chains.Consumers are also engaging more with brands that transparently communicate their ingredient sourcing, reflecting a larger movement towards transparency in the beauty and food industries.

    The Global Shea Butter Market is poised for growth as consumer demand for natural and organic products continues to rise, reflecting a broader trend towards sustainability and ethical sourcing in the beauty and food industries.

    U.S. Department of Agriculture (USDA)

    Shea Butter Market Drivers

    Market Trends and Projections

    Expansion of Personal Care Sector

    The Global Global Shea Butter Market Industry is significantly influenced by the expansion of the personal care sector. With a projected compound annual growth rate of 6.39% from 2025 to 2035, the demand for shea butter in skincare and haircare products is anticipated to grow. This growth is driven by the increasing consumer focus on health and wellness, leading to a surge in the formulation of products that incorporate shea butter for its nourishing properties. Major brands are now integrating shea butter into their product lines, enhancing the market's visibility and accessibility. This trend indicates a robust future for the Global Global Shea Butter Market Industry.

    Sustainability and Ethical Sourcing

    Sustainability and ethical sourcing practices are becoming increasingly vital in the Global Global Shea Butter Market Industry. As consumers demand transparency in product sourcing, companies are focusing on sustainable harvesting methods and fair trade practices. This shift not only enhances brand reputation but also attracts environmentally conscious consumers. The emphasis on sustainability is likely to drive market growth, as brands that prioritize ethical sourcing are more appealing to today's consumers. This trend indicates a potential for increased market share for companies that align with sustainable practices within the Global Global Shea Butter Market Industry.

    Emerging Markets and Economic Growth

    Emerging markets are playing a crucial role in the growth of the Global Global Shea Butter Market Industry. As economies in regions such as Africa and Asia continue to develop, the demand for shea butter is expected to rise. These regions are not only significant producers of shea butter but also represent a growing consumer base. The economic growth in these areas is likely to enhance local production capabilities and increase domestic consumption. This dual impact suggests a promising outlook for the Global Global Shea Butter Market Industry, particularly as it relates to the expansion of production and consumption in emerging markets.

    Growing Awareness of Health Benefits

    The Global Global Shea Butter Market Industry benefits from the growing awareness of the health benefits associated with shea butter. Rich in vitamins A and E, shea butter is recognized for its anti-inflammatory and moisturizing properties, making it a sought-after ingredient in both food and cosmetic applications. As consumers become more informed about the nutritional and therapeutic advantages of shea butter, its incorporation into dietary supplements and health products is likely to increase. This heightened awareness contributes to the market's expansion, suggesting a promising trajectory for the Global Global Shea Butter Market Industry in the coming years.

    Rising Demand for Natural Ingredients

    The Global Global Shea Butter Market Industry experiences a notable increase in demand for natural and organic ingredients across various sectors, including cosmetics and food. Consumers are increasingly inclined towards products that are free from synthetic additives, which propels the demand for shea butter. In 2024, the market is valued at approximately 1.77 USD Billion, reflecting a growing consumer preference for sustainable and eco-friendly products. This trend is particularly evident in the beauty and personal care segment, where shea butter is recognized for its moisturizing properties and skin benefits. As awareness of natural ingredients continues to rise, the Global Global Shea Butter Market Industry is expected to thrive.

    Market Segment Insights

    Shea Butter Market Application Insights

    The Global Shea Butter Market is experiencing significant growth across various applications, with a valuation of 1.77 billion USD in 2024 and an expected increase to 3.5 billion USD by 2035. This market growth is driven by a diverse range of applications, each contributing uniquely to the overall revenue. The Cosmetics application segment is notably substantial, valued at 0.67 billion USD in 2024 and anticipated to grow to 1.3 billion USD by 2035.

    This segment dominates primarily due to the rising consumer demand for natural and organic cosmetic products, where shea butter serves as a non-toxic moisturizer and skin conditioner.In addition, the Food and Beverages application holds significant promise, with a valuation of 0.55 billion USD in 2024, expected to reach 1.1 billion USD in 2035, as more consumers incorporate shea butter for its health benefits in food products. The Pharmaceuticals segment, though smaller, is valued at 0.2 billion USD in 2024 and is anticipated to double to 0.4 billion USD by 2035 as shea butter’s anti-inflammatory properties gain traction in medicinal formulations.

    Personal Care products are also a key component of the market, valued at 0.25 billion USD in 2024 and projected to reach 0.5 billion USD by 2035, as increases in consumer awareness about skin health pushes demand for shea butter in lotions and creams.Lastly, the Nutraceuticals application is valued at 0.1 billion USD in 2024, with expectations to rise to 0.2 billion USD by 2035, highlighting shea butter's potential use in dietary supplements for its nutritional profile. The Global Shea Butter Market segmentation reveals a dynamic interplay among these applications, each presenting opportunities and growth potential.

    Increased health consciousness and an emphasis on natural ingredients in consumer products contribute to the market's upward trajectory, while the growing inclination towards sustainable sourcing of shea butter offers further avenues for expansion across all application sectors.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Shea Butter Market Form Insights

    The Global Shea Butter Market, with a valuation of 1.77 billion USD in 2024, showcases significant growth prospects, particularly within the Form segment. This segment encompasses various types of shea butter, notably Raw, Refined, Deodorized, and Liquid variations, each serving distinct applications across industries such as cosmetics and food. Raw Shea Butter is widely recognized for its high nutritional content and natural properties, making it a preferred choice for organic and natural product formulations.

    Refined Shea Butter, noted for its versatility and stability, caters well to commercial manufacturing, promoting its widespread use in skincare products.Deodorized Shea Butter holds importance in applications where aroma is a concern, while Liquid Shea Butter is increasingly popular for formulations requiring a smoother texture and easier application. As of now, the Global Shea Butter Market is experiencing growth driven by rising consumer awareness about natural ingredients and sustainable sourcing practices. Market data indicates a growing inclination towards ethical consumption, presenting opportunities for products derived from shea butter in regions like North America and Europe.

    Additionally, the market faces challenges such as supply chain inconsistencies and competition from alternative butters, which necessitate continued innovation and adaptability within the industry.

    Shea Butter Market End Use Insights

    The Global Shea Butter Market is experienced significant growth, with a valuation of 1.77 billion USD in 2024. This growth is driven by an increasing demand across various end-use categories, which include Household, Commercial, and Industrial applications. The Household segment plays a vital role, largely due to the rising utilization of shea butter in personal care products such as cosmetics and skincare, reflecting consumer preferences for natural ingredients.

    Meanwhile, the Commercial segment benefits from its widespread use in food and beverage production, where shea butter is favored for its nutritional value and health benefits.The Industrial segment also demonstrates the importance, as shea butter is increasingly used in manufacturing and various processing applications. The combination of these segments contributes significantly to the overall dynamics of the Global Shea Butter Market revenue, highlighting the diverse applications that underline its market growth.

    As awareness of the benefits of shea butter expands, there are emerging opportunities for innovation and product development across these end-use markets, reinforcing the strong competitive landscape of the Global Shea Butter Market industry.The expected growth trajectory underscores the importance of understanding the Global Shea Butter Market segmentation to capture emerging trends and address consumer demands effectively.

    Shea Butter Market Distribution Channel Insights

    The Global Shea Butter Market is poised for significant growth, with a valuation of 1.77 billion USD in 2024, highlighting the expanding adoption of shea butter across various sectors. The distribution channels for this market encompass Online, Offline, and Direct Sales. Online channels represent a burgeoning segment driven by increasing digital penetration and consumer preference for convenient shopping experiences.

    This is particularly notable in regions with high internet access, where consumers seek easy access to a variety of products.Offline distribution channels, including brick-and-mortar stores, continue to hold significant market share, facilitating direct engagement with customers and allowing them to experience product quality firsthand. Direct Sales play a crucial role in fostering brand loyalty, as companies build rapport with consumers through personal interaction, which is essential in the cosmetics and food industries.

    Get more detailed insights about Shea Butter Market Research Report - Global Forecast till 2035

    Regional Insights

    The Global Shea Butter Market is valued at 1.77 USD Billion in 2024, showcasing significant growth potential across its regional landscape. North America is expected to hold a value of 0.35 USD Billion in 2024, growing to 0.75 USD Billion in 2035, indicating a strong demand driven by the cosmetics and personal care industries. Europe follows closely, valued at 0.45 USD Billion in 2024 and anticipated to expand to 1.0 USD Billion by 2035, reflecting a growing trend towards natural and organic ingredients.

    The APAC region, valued at 0.3 USD Billion in 2024, is also poised for growth with its forecasted valuation of 0.8 USD Billion in 2035, attributed to rising awareness of health and wellness.South America, although smaller at 0.2 USD Billion in 2024, is projected to reach 0.4 USD Billion in 2035, driven by increasing applications in food products and cosmetics. Meanwhile, the MEA region, valued at 0.27 USD Billion in 2024 with a projected rise to 0.55 USD Billion by 2035, benefits from local production capabilities and a growing export market.

    The regional segmentation of the Global Shea Butter Market showcases varying dynamics that reflect consumer preferences, highlighting opportunities driven by sustainability and natural product trends across different territories.

    Shea Butter Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Global Shea Butter Market has garnered significant interest over the years due to the rising awareness of the natural properties of shea butter and its versatility across various industries, including cosmetics, personal care, food, and pharmaceuticals. The competitive landscape of this market is characterized by a mix of large multinational corporations and smaller niche players, all vying for market share. Innovation, sustainability, and the ethical sourcing of shea butter are increasingly becoming critical factors for companies in this sector.

    The market is defined by dynamic trends such as clean beauty and the growing demand for organic products, which influence competitive strategies and product offerings. As companies continue to engage in value chain enhancements and explore new distribution channels to reach broader audiences, the competitive environment remains ever-evolving.Dukaan has emerged as a prominent player in the Global Shea Butter Market, leveraging its strong brand identity and commitment to quality to carve out a notable market presence. Known for its ethical sourcing and sustainability initiatives, Dukaan ensures that its shae butter products meet the increasing consumer demand for natural ingredients.

    The company’s strengths lie in its robust supply chain management, which enables it to maintain consistency in product quality while minimizing environmental impact. Dukaan has also adopted innovative marketing strategies to effectively engage with consumers, highlighting the numerous benefits of shea butter in personal care and cosmetic applications. Their approach to sustainability resonates well with environmentally-conscious buyers, allowing them to build customer loyalty and trust over time.On the other hand, Kahawa 1893 is making significant strides in the Global Shea Butter Market by focusing on addressing the needs of the premium segment and leveraging artisan craftsmanship in their product offerings.

    The company has a range of shea butter-based products that emphasize quality and purity, appealing particularly to niche markets that value authenticity. Kahawa 1893's strengths are anchored in its dedication to social impact and empowering local communities through ethical sourcing practices. This commitment not only enhances its brand image but also attracts socially responsible consumers. The company's market presence is bolstered by strategic partnerships and alliances, which include mergers and acquisitions that allow it to expand its product lines and distribution channels.

    Through these initiatives, Kahawa 1893 aims to maintain a competitive edge while contributing positively to the shea butter industry on a global scale.

    Key Companies in the Shea Butter Market market include

    Industry Developments

    • Q2 2024: L’Occitane Group Expands Shea Butter Sourcing Partnership with Women’s Cooperatives in Burkina Faso L’Occitane Group announced an expanded multi-year partnership with women’s shea butter cooperatives in Burkina Faso, aiming to increase direct sourcing and support sustainable production practices.
    • Q1 2024: Unilever Launches New Shea Butter-Based Personal Care Line Under Dove Brand Unilever introduced a new range of Dove products featuring ethically sourced shea butter, highlighting traceability and support for West African women producers.
    • Q2 2024: Bunge Opens New Shea Butter Processing Facility in Ghana Bunge commissioned a new processing plant in Tema, Ghana, to increase its capacity for producing high-quality shea butter for the food and cosmetics industries.
    • Q3 2024: AAK Signs Long-Term Supply Agreement with L’Oréal for Sustainable Shea Butter AAK AB secured a multi-year contract to supply sustainably sourced shea butter to L’Oréal, strengthening its position as a key supplier to the global cosmetics sector.
    • Q2 2024: Nestlé Announces Investment in Shea Butter Traceability Platform Nestlé invested in a digital platform to enhance traceability and transparency in its shea butter supply chain, aiming to ensure ethical sourcing and support for local communities.
    • Q1 2025: Shea Radiance Secures $10 Million Series B Funding to Expand US Market Presence Shea Radiance, a US-based natural skincare company, raised $10 million in Series B funding to scale up its shea butter product line and expand distribution across North America.
    • Q2 2025: Cargill Announces Acquisition of Ghanaian Shea Butter Exporter, Savanna Gold Cargill acquired Savanna Gold, a leading shea butter exporter in Ghana, to strengthen its supply chain and increase its share in the global shea butter market.
    • Q1 2024: L’Oréal Launches Shea Butter Innovation Center in Côte d’Ivoire L’Oréal opened a new innovation center focused on developing advanced shea butter extraction and formulation techniques, in partnership with local research institutes.
    • Q3 2024: Beiersdorf Appoints New Head of Shea Butter Sourcing to Drive Sustainability Initiatives Beiersdorf named a new executive to lead its global shea butter sourcing strategy, emphasizing sustainable procurement and community engagement in West Africa.
    • Q2 2025: Unilever Signs Memorandum of Understanding with Ghanaian Government for Shea Butter Sector Development Unilever signed an MoU with the Government of Ghana to invest in local shea butter processing infrastructure and support women-led cooperatives.
    • Q1 2025: Nestlé Receives Regulatory Approval for New Shea Butter-Infused Nutrition Bar in EU Nestlé obtained EU regulatory clearance to launch a new nutrition bar featuring West African shea butter as a key ingredient, targeting the health and wellness market.
    • Q3 2025: AAK Opens Second Shea Butter Refinery in Nigeria to Meet Rising Global Demand AAK inaugurated its second shea butter refinery in Nigeria, doubling its processing capacity and reinforcing its commitment to sustainable sourcing in West Africa.

    Future Outlook

    Shea Butter Market Future Outlook

    The Global Shea Butter Market is projected to grow at a 6.39% CAGR from 2024 to 2035, driven by rising demand in cosmetics, food, and pharmaceuticals.

    New opportunities lie in:

    • Expand product lines to include organic and fair-trade shea butter variants.
    • Leverage e-commerce platforms for direct-to-consumer sales strategies.
    • Invest in sustainable sourcing practices to enhance brand reputation and consumer trust.

    By 2035, the Global Shea Butter Market is expected to achieve robust growth, reflecting evolving consumer preferences and sustainability trends.

    Market Segmentation

    Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Shea Butter Market Form Outlook

    • Household
    • Commercial
    • Industrial

    Shea Butter Market End Use Outlook

    • Online
    • Offline
    • Direct Sales

    Shea Butter Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Shea Butter Market Application Outlook

    • Raw Shea Butter
    • Refined Shea Butter
    • Deodorized Shea Butter
    • Liquid Shea Butter

    Shea Butter Market Distribution Channel Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 1.67(USD Billion)
    MARKET SIZE 2024 1.77(USD Billion)
    MARKET SIZE 2035 3.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.39% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Dukaan, Kahawa 1893, Kenya Shea Butter, Sankofa Shea, AOS Products, Rizwan Shea Butter, The Jojoba Company, Global Shea Alliance, Ayansh Goel, CFAO, Shea Radiance, Ghana Nuts Company, Ghana Shea Butter Company, Nutra Blast, Owen Owen
    SEGMENTS COVERED Application, Form, End Use, Distribution Channel, Regional
    KEY MARKET OPPORTUNITIES Growing demand in cosmetics, Rising awareness of health benefits, Expansion in food industry applications, Sustainable sourcing and eco-friendly products, Increasing online retail channels
    KEY MARKET DYNAMICS Increasing demand for natural cosmetics, Growing health consciousness among consumers, Rising popularity in food industry, Sustainable sourcing practices, Fluctuating shea nut prices
    COUNTRIES COVERED North America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Pradeep Nandi
    Senior Research Analyst

    I have a bachelor's degree in mechanical engineering and an MBA. I have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. A firm believer in lifelong learning and sharing of knowledge. Having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. Introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest. 

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    FAQs

    What is the projected market size of the Global Shea Butter Market in 2024?

    The Global Shea Butter Market is expected to be valued at 1.77 USD Billion in 2024.

    What is the expected market value of the Global Shea Butter Market by 2035?

    By 2035, the Global Shea Butter Market is anticipated to reach a value of 3.5 USD Billion.

    What is the expected CAGR for the Global Shea Butter Market from 2025 to 2035?

    The market is projected to have a CAGR of 6.39 percent from 2025 to 2035.

    Which region is expected to have the highest market value in 2035 for Shea Butter?

    Europe is expected to have the highest market value, projected at 1.0 USD Billion in 2035.

    What are the key applications driving the Global Shea Butter Market?

    The key applications driving the market include Cosmetics, Food & Beverages, Pharmaceuticals, Personal Care, and Nutraceuticals.

    What is the projected market value for the Cosmetics application in 2035?

    The Cosmetics application of the Global Shea Butter Market is projected to be valued at 1.3 USD Billion in 2035.

    Which key player is most notable in the Global Shea Butter Market?

    Prominent players in the Global Shea Butter Market include Dukaan, Kahawa 1893, and Global Shea Alliance among others.

    What is the anticipated market growth rate for the North America region from 2024 to 2035?

    The North America region is projected to experience market growth from 0.35 USD Billion in 2024 to 0.75 USD Billion in 2035.

    What is the forecasted market value for the Food & Beverages application in 2024?

    The Food & Beverages application is projected to have a market value of 0.55 USD Billion in 2024.

    What challenges might the Global Shea Butter Market face in the coming years?

    Key challenges for the Global Shea Butter Market include potential supply chain disruptions and competition from alternative ingredients.

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