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Shea Butter Market Size, Share & Trend Analysis Report By Product, By Application, By Region, And Segment Forecasts, 2025 - 2030

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    Report

  • 110 Pages
  • December 2024
  • Region: Global
  • Grand View Research
  • ID: 5702163

Shea Butter Market Growth & Trends

The global shea butter market size is expected to reach USD 3.74 billion in 2030 and is projected to grow at a CAGR of 7.9% from 2025 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 2022 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 2022. 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

  • The shea butter market in Europe accounted for a share of over 30% of the global market revenue in 2024. Owing to the rising consumer awareness regarding natural ingredients in personal care products
  • Raw/unrefined shea butter sales accounted for a share of 62.64% in 2024. The demand for unrefined shea butter in skincare products is increasing, driven by consumers' growing preference for natural and organic ingredients.
  • In 2024, over 80% of global shea butter sales were attributed to its application in cosmetics and personal care products. This is attributed to its use in cosmetics and personal care products, driven by its growing popularity for its natural, moisturizing, and skin-nourishing properties.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

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. Internal Database
1.3.3. Secondary Materials & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Information & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Product Outlook
2.3. Application Outlook
2.4. Regional Outlook
2.5. Competitive Landscape Snapshot
Chapter 3. Shea Butter Market - Industry Outlook
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Affecting Buying Behavior
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations
Chapter 5. Shea Butter Market: Product Estimates & Trend Analysis
5.1. Shea Butter Market, By Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, by product, 2018 - 2030 (USD Million)
5.3.1. Raw/Unrefined
5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3.2. Refined
5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Shea Butter Market: Application Estimates & Trend Analysis
6.1. Shea Butter Market, By Application: Key Takeaways
6.2. Application Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by application, 2018 - 2030 (USD Million)
6.3.1. Cosmetics & Personal Care
6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3.2. Food
6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3.3. Others
6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Shea Butter Market: Regional Estimates & Trend Analysis
7.1. Shea Butter Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by region, 2018 - 2030 (USD Million)
7.3.1. North America
7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.2. U.S.
7.3.1.2.1. Key country dynamics
7.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.3. Canada
7.3.1.3.1. Key country dynamics
7.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.1.4. Mexico
7.3.1.4.1. Key country dynamics
7.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. Europe
7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.2. Germany
7.3.2.2.1. Key country dynamics
7.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.3. UK
7.3.2.3.1. Key country dynamics
7.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.4. France
7.3.2.4.1. Key country dynamics
7.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.5. Italy
7.3.2.5.1. Key country dynamics
7.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2.6. Spain
7.3.2.6.1. Key country dynamics
7.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3. Asia Pacific
7.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.2. China
7.3.3.2.1. Key country dynamics
7.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.3. India
7.3.3.3.1. Key country dynamics
7.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.4. Japan
7.3.3.4.1. Key country dynamics
7.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.5. Malaysia
7.3.3.5.1. Key country dynamics
7.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3.6. Australia
7.3.3.6.1. Key country dynamics
7.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4. Latin America
7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4.2. Brazil
7.3.4.2.1. Key country dynamics
7.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5. Middle East & Africa
7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5.2. South Africa
7.3.5.2.1. Key country dynamics
7.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Shea Butter Market: Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.9.1. BASF SE
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Portfolios
8.9.1.4. Strategic Initiatives
8.9.2. Olvea Group
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Portfolios
8.9.2.4. Strategic Initiatives
8.9.3. Sophim S.A.
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Portfolios
8.9.3.4. Strategic Initiatives
8.9.4. Cargill, Inc.
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Product Portfolios
8.9.4.4. Strategic Initiatives
8.9.5. Suru Chemicals
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Portfolios
8.9.5.4. Strategic Initiatives
8.9.6. Ghana Nuts Company Ltd.
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Portfolios
8.9.6.4. Strategic Initiatives
8.9.7. Croda International Plc
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Portfolios
8.9.7.4. Strategic Initiatives
8.9.8. Agrobotanicals, LLC
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Portfolios
8.9.8.4. Strategic Initiatives
8.9.9. Clariant AG
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Portfolios
8.9.9.4. Strategic Initiatives
8.9.10. AAK AB
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Portfolios
8.9.10.4. Strategic Initiatives
List of Tables
Table 1 Shea butter market: Key market driver analysis
Table 2 Shea butter market: Key market restraint analysis
Table 3 Shea butter market estimates & forecast, by product, 2018 - 2030 (USD Million)
Table 4 Raw/unrefined shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Table 5 Refined shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Table 6 Shea butter market estimates & forecast, by application, 2018 - 2030 (USD Million)
Table 7 Shea butter market estimates & forecast, for cosmetics & personal care application, 2018 - 2030 (USD Million)
Table 8 Shea butter market estimates & forecast, for food applications, 2018 - 2030 (USD Million)
Table 9 Shea butter market estimates & forecast, for other applications, 2018 - 2030 (USD Million)
Table 10 Shea butter market estimates & forecast, by region, 2018 - 2030 (USD Million)
Table 11 North America shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 12 North America shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 13 North America shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 14 U.S. macro-economic outlay
Table 15 U.S. shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 16 U.S. shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 17 U.S. shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 18 Canada macro-economic outlay
Table 19 Canada shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 20 Canada shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 21 Canada shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 22 Mexico macro-economic outlay
Table 23 Mexico shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 24 Mexico shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 25 Mexico shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 26 Europe shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 27 Europe shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 28 Europe shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 29 Germany macro-economic outlay
Table 30 Germany shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 31 Germany shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 32 Germany shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 33 UK macro-economic outlay
Table 34 UK shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 35 UK shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 36 UK shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 37 France macro-economic outlay
Table 38 France shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 39 France shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 40 France shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 41 Italy macro-economic outlay
Table 42 Italy shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 43 Italy shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 44 Italy shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 45 Spain macro-economic outlay
Table 46 Spain shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 47 Spain shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 48 Spain shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 49 Asia Pacific shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 50 Asia Pacific shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 51 Asia Pacific shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 52 China macro-economic outlay
Table 53 China shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 54 China shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 55 China shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 56 Japan macro-economic outlay
Table 57 Japan shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 58 Japan shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 59 Japan shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 60 India macro-economic outlay
Table 61 India shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 62 India shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 63 India shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 64 Malaysia macro-economic outlay
Table 65 Malaysia shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 66 Malaysia shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 67 Malaysia shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 68 Australia macro-economic outlay
Table 69 Australia shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 70 Australia shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 71 Australia shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 72 Latin America shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 73 Latin America shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 74 Latin America shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 75 Brazil macro-economic outlay
Table 76 Brazil shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 77 Brazil shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 78 Brazil shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 79 Middle East & Africa shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 80 Middle East & Africa shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 81 Middle East & Africa shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 82 South Africa macro-economic outlay
Table 83 South Africa shea butter market estimates and forecast, 2018 - 2030 (USD Million)
Table 84 South Africa shea butter market estimates and forecast, by product, 2018 - 2030 (USD Million)
Table 85 South Africa shea butter market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 86 Recent developments & impact analysis, by key market participants
Table 87 Company market share, 2024
Table 88 Company heat map analysis
Table 89 Companies implementing key strategies
List of Figures
Fig. 1 Shea butter market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Parent industry and shea butter market size, 2024 (USD Million)
Fig. 11 Shea butter market: Value chain analysis
Fig. 12 Shea butter market: Dynamics
Fig. 13 Shea butter market: Porter’s five forces analysis
Fig. 14 Factors affecting buying decisions in shea butter market
Fig. 15 Shea butter market, by product: Key takeaways
Fig. 16 Shea butter market: Product movement analysis, 2024 & 2030 (%)
Fig. 17 Raw/unrefined shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 18 Refined shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 19 Shea butter market, by application: Key takeaways
Fig. 20 Shea butter market: Application movement analysis, 2024 & 2030 (%)
Fig. 21 Shea butter market estimates & forecast, for cosmetics & personal care application, 2018 - 2030 (USD Million)
Fig. 22 Shea butter market estimates & forecast, for food application, 2018 - 2030 (USD Million)
Fig. 23 Shea butter market estimates & forecast, for other application, 2018 - 2030 (USD Million)
Fig. 24 Shea butter market: Regional outlook, 2024 & 2030, (USD Million)
Fig. 25 Regional marketplace: Key takeaways
Fig. 26 North America shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 27 US shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 28 Canada shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 29 Mexico shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 30 Europe shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 31 Germany shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 32 UK shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 33 France shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 34 Italy shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 35 Spain shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 36 Asia Pacific shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 37 China shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 38 Japan shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 39 India shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 40 Malaysia shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 41 Australia shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 42 Latin America shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 43 Brazil shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 44 Middle East & Africa shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 45 South Africa shea butter market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 46 Key company categorization
Fig. 47 Company market share analysis, 2024
Fig. 48 Strategic framework of shea butter market

Companies Mentioned

  • Basf Se
  • Olvea Group
  • Sophim S.A.
  • Cargill, Inc.
  • Suru Chemicals
  • Ghana Nuts Company Ltd.
  • Croda International plc
  • Agrobotanicals, LLC
  • Clariant AG
  • Aak Ab

Methodology

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