The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Shea butter market, valued at $2.01 billion in 2023, is projected to reach $2.16 billion in 2024, growing at a 7.5% CAGR due to cosmetic demand. Expected to hit $2.79 billion by 2028, driven by food industry expansion and rising e-commerce, with trends like product innovations and sustainable packaging.

The shea butter market is expanding due to the increasing use of cosmetics. With growing sales of skincare products and the rising popularity of online beauty merchants, there’s a growing demand for shea butter in cosmetic formulations.

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What Are The Key Trends That Influence Shea Butter Market Share Analysis?

Significant players in the shea butter market are innovating by introducing shea butter-infused skincare products to expand their consumer base and drive revenue growth. For instance, Salve Pharmaceuticals Pvt. Ltd. launched the Ultra skincare range in September 2022. This range, featuring products like Parasoft Ultra Hydrating and Protecting Cream and Parasoft Ultra Daily Moisturizing Body and Face Lotion, offers 72-hour hydration and nourishment. Formulated with almond oil, vitamin E, shea butter, and hibiscus extracts, these products are paraben-free and designed for non-greasy application, enhancing user experience.

Which Market Players Are Driving Growth In The Shea Butter Market?

Major companies operating in the shea butter  market report are BASF SE, Bunge Limited, Wilmar Africa Limited, Clariant AG, AAK AB, Fuji Oil Holdings Inc., Croda International plc, L’Occitane en Provence, NOW Foods, Lily of the Desert, 3F Industries Limited, Anderson International Corp., OLVEA Group, Bulk Apothecary, International Oils & Fats Limited, Akoma International Ltd., Manorama Industries Limited, Sophim S.A., The Savannah Fruits Company, Green Leaf Naturals, Makers Ingredients Limited, Ghana Nuts Company Limited, Terry Laboratories LLC, Shea Radiance, Better Butter Company, Zoic Cosmetics, Shebu Industries, Jiangxi Hualong Plant Spice Co. Ltd., Suru Chemicals & Pharmaceuticals Pvt. Ltd., Purenso Select

How Is The Global Shea Butter Market Segmented?

The shea butter market covered in this report is segmented –

1) By Product: Raw And Unrefined Shea Butter, Refined Shea Butter
2) By Nature: Organic, Conventional
3) By Application: Food Processing, Cosmetics And Personal Care, Pharmaceuticals, Other Applications

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The Shea Butter Global Market Report 2024 provides an overview of the shea buttermarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The shea butter market forecast analyzes shea butter market size, shea butter market share, leading competitor and their market positions.

The Table Of Content For The Shea Butter Market Include

1. Shea Butter Market Executive Summary
2. Shea Butter Market Segments
3. Shea Butter Market Size And Template Market Growth Rate
4.  Key Shea Butter Market Trends
5. Major Shea Butter Market Drivers
……
25. Key Mergers And Acquisitions In The Shea Butter Market
26. Top Shea Butter Companies
27. Shea Butter Market Opportunities And Strategies
28. Shea Butter Market, Conclusions And Recommendations
29. Appendix

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