How Will the Shea Butter Market Grow? Key Trends and Opportunities for 2025 and Beyond
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How Will the Shea Butter Market Grow Over the Forecast Period Based on Its Expected CAGR?
The shea butter market has grown strongly, anticipated to rise from $2.14 billion in 2024 to $2.29 billion in 2025 at a CAGR of 6.8%. Growth drivers include increased use in cosmetics and skincare, rising demand for natural and organic ingredients, expansion of the beauty and personal care industry, awareness of shea butter benefits, and its adoption in traditional medicine.
The shea butter market is forecasted to expand significantly, reaching $3.02 billion by 2029 at a CAGR of 7.1%. Growth is attributed to the food industry’s expansion, increased demand for plant-based ingredients, its use in nutraceuticals and functional foods, rising popularity in hair care products, e-commerce growth, and the DIY beauty and skincare movement. Key trends include the development of shea butter derivatives, shea-infused textiles and apparel, technological improvements in processing, shea butter-based sustainable packaging, and collaborative R&D efforts.
What External and Internal Drivers Are Contributing to the Growth of the shea butter Market’s Growth?
The escalating demand for cosmetics is likely to drive the shea butter market’s growth. Cosmetics encompass a wide array of products applied to the body, face, hair, or nails to enhance or modify appearance. Shea butter is widely utilized in cosmetics due to its moisturizing, nourishing, and anti-inflammatory attributes, which promote healthier and more hydrated skin and hair. For instance, in March 2021, the British Beauty Council, a UK-based non-profit organization, reported that in 2022, a remarkable 56,000 organic beauty and wellness products and ingredients received COSMOS certification, reflecting a 22% increase from the previous year. Therefore, the increasing use of cosmetics is stimulating the growth of the shea butter market.
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Who Are the Dominant Players Expanding Their Reach in the Shea Butter Market?
Major companies operating in the shea butter market include:
• BASF SE_x000D_
• Bunge Limited_x000D_
• Wilmar Africa Limited_x000D_
• Clariant AG_x000D_
• AAK AB_x000D_
What Are the Top Trends Shaping the Evolution of the Shea Butter Market?
Leading firms in the shea butter market are developing shea butter-infused skincare products to expand customer reach and boost revenue. These products incorporate shea butter as a core ingredient for enhanced skin nourishment. For instance, in September 2022, Salve Pharmaceuticals Pvt. Ltd., an India-based dermatology company, launched the Ultra skincare range, designed for daily use and offering 72-hour hydration. Formulated with almond oil, vitamin E, shea butter, and hibiscus extracts, the range includes Parasoft Ultra Hydrating & Protecting Cream and Parasoft Ultra Daily Moisturizing Body & Face Lotion, both paraben-free and non-greasy for user convenience.
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Which Growth-Oriented Segments of the Shea Butter Market Are Leading the Industry’s Development?
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
Subsegments:
1) By Raw And Unrefined Shea Butter: Organic Raw Shea Butter, Non-Organic Raw Shea Butter
2) By Refined Shea Butter: Deodorized Refined Shea Butter, Bleached Refined Shea Butter
Which Regions Are Setting the Pace for Shea Butter Market Growth?
North America was the largest region in the shea butter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shea butter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Are the Defining Features of the Shea Butter Market?
Shea butter is a fat derived from the African shea tree’s nut (Vitellaria paradoxa). It is ivory in appearance when raw and is generally tinted yellow using borututu root or palm oil. Shea butter is often used in cosmetics as a moisturizer, salve, or lotion. In some African countries, it is also nutritious and utilized in food preparation.
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