Global Shea Butter Market – Industry Trends and Forecast to 2029

Global Shea Butter Market, By Grade (Grade A, Grade B, Grade C, Grade D, Grade E), Nature (Organic, Conventional), Species (Vitellaria Nilotica, Vitellaria Paradoxa), Certification (Uncertified, Certified), End User (Pharmaceuticals & Medical, Cosmetics & Personal Care, Food Processing, Retail, Others), Distribution Channel (Specialty Stores, Online Stores, Supermarket, Convenience Stores, Hypermarket, Others) – Industry Trends and Forecast to 2029

Shea Butter Market Analysis and Size

The medicinal value of the shea butter plant has gained popularity among health-conscious populations. A wide range of applications for shea butter has prompted functional food and cosmetic companies to invest significantly in its business prospects.

Data Bridge Market Research analyses that the shea butter market was valued at USD 77.80 million in 2021 and is expected to reach the value of USD 203.92 million by 2029, at a CAGR of 12.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

Shea butter is a type of vegetable fat extracted from the nut of an African tree that is widely used in the cosmetics industry for skin and hair related products such as lip gloss, skin lotions, and hair conditioners.

Drivers

• Various benefits associated with shea butter

Shea butter has numerous benefits and is used in a variety of industries including food, beverages, cosmetics, pharmaceuticals, and so on. Numerous studies have also found shea butter to be beneficial in a variety of conditions. Aside from its current applications, the benefits of shea butter are being researched in a variety of other areas. This is expected to broaden the applications of shea butter and open the door to the launch of several new products targeting newer indications.

• The growing acceptance of the Shea Butter by the population

Consumers all over the world are becoming more health-conscious as the prevalence of lifestyle-related diseases rises. As a result of this trend, consumers perceive products containing natural ingredients such as shea butter to be safer and healthier than their processed or chemical alternatives. Another important factor driving the growth of the shea butter market is the high level of consumer acceptance. For several thousand years, consumers all over the world have been aware of its benefits and applications. As a result, manufacturers do not have to spend as much money educating consumers about its benefits and applications.

Opportunity

Advances in extraction techniques have enabled the use of shea butter in its purest form. Furthermore, the use of better preservatives has allowed them to extend their products' shelf-life to meet their customers' expectations. This has fuelled demand in recent years. Furthermore, personal care companies investing in the shea butter market avoid using synthetic ingredients to increase consumer appeal.

Restraints

On the other hand, the easy availability of less expensive substitutes such as mango butter, shea oil, avocado butter, and cupuacu butter is expected to stymie the growth of the shea butter market. In the forecast period, the shea butter market is expected to face challenges due to a lack of standardisation.

This shea butter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the shea butter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Shea Butter Market

COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. One of them was the global shea butter market. The global market has come to a halt as a result of COVID-19 guidelines and lockdown implementations in various regions. The global market's growth had been stifled due to a lack of transportation and labour. As a result, both productivity and investors have suffered.

Global Shea Butter Market Scope

The shea butter market is segmented on the basis of grade, nature, species, certification, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

• Grade A
• Grade B
• Grade C
• Grade D
• Grade E

Nature

• Organic
• Conventional

Species 

• Vitellaria Nilotica
• Vitellaria Paradoxa

Certification

• Certified
• Uncertified

End user

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

Distribution channel

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

Shea Butter Market Regional Analysis/Insights

The shea butter market is analysed and market size insights and trends are provided by country, of grade, nature, species, certification, end user and distribution channel as referenced above.

The countries covered in the shea butter market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the shea butter market due to rising consumer preference for baked goods and confectionery and the presence of end user industries in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Shea Butter Market Share Analysis

The shea butter market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to shea butter market.

Some of the major players operating in the shea butter market are:

• 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)