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Shea Butter Market Size, Share & Trends Analysis Report By Product (Raw & Unrefined, Refined), By Application (Cosmetics & Personal Care, Food), By Region, And Segment Forecasts, 2022 - 2030

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  • 80 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5702163
Description Jump to:
The global shea butter market size is expected to reach USD 3.75 billion by 2030. The shea butter industry is expected to expand at a CAGR from 2022 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 2021 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 2021. 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

  • Europe is expected to contribute a majority of the share to become the largest division in the global revenue in 2021 owing to the rising consumer awareness regarding natural ingredients in personal care products
  • The raw and unrefined shea butter segment is projected to register faster growth during the forecast period as it maintains much more skincare benefits and vitamins, thus fulfilling the demand of consumers for healthier alternatives in skin care products
  • Cosmetics & personal care is predicted to hold the largest market share during the forecast period owing to the wide use of shea butter in products such as moisturizers, anti-aging creams, and sun creams


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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 Products & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
Chapter 3. Shea Butter Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Shea Butter Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Shea Butter Market
3.8. Market Entry Strategies
3.9. Buyer Behavior Analysis & Trends
Chapter 4. Shea Butter Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2021 & 2030
4.2. Raw and Unrefined
4.2.1. Market estimates and forecast for raw and unrefined, 2017 - 2030 (USD Million)
4.3. Refined
4.3.1. Market estimates and forecast for refined, 2017 - 2030 (USD Million)
Chapter 5. Shea Butter Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2021 & 2030
5.2. Cosmetics & Personal Care
5.2.1. Market estimates and forecast for cosmetics & personal care, 2017 - 2030 (USD Million)
5.3. Food
5.3.1. Market estimates and forecast for food, 2017 - 2030 (USD Million)
5.4. Others
5.4.1. Market estimates and forecast for others, 2017 - 2030 (USD Million)
Chapter 6. Shea Butter Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2021 & 2030
6.2. North America
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.2.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.4. U.K.
6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.5. Germany
6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.3.8. Spain
6.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.3.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.7. Malaysia
6.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.4.8. Australia
6.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.4.8.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
6.6.4. South Africa
6.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
6.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
8.1. BASF SE
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Olvea Group
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Sophim S.A.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Cargill, Inc.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Suru Chemicals
8.5.1. Financial Performance
8.5.2. Product Benchmarking
8.5.3. Strategic Initiatives
8.6. Ghana Nuts Company Ltd.
8.6.1. Company Overview
8.6.2. Company Overview
8.6.3. Financial Performance
8.6.4. Product Benchmarking
8.6.5. Strategic Initiatives
8.7. Croda International Plc
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Agrobotanicals, LLC
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Clariant AG
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. AAK AB
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. Shea butter market - Key market driver analysis
2. Shea butter market - Key market restraint analysis
3. Global raw and unrefined market estimates and forecast, 2017 - 2030 (USD Million)
4. Global refined market estimates and forecast, 2017 - 2030 (USD Million)
5. Global shea butter market estimates and forecast for food, 2017 - 2030 (USD Million)
6. Global shea butter market estimates and forecast for cosmetics & personal care, 2017 - 2030 (USD Million)
7. Global shea butter market estimates and forecast for others, 2017 - 2030 (USD Million)
8. North America shea butter market estimates and forecast, 2017 - 2030 (USD Million)
9. North America shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
10. North America shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
11. U.S. shea butter market estimates and forecast, 2017 - 2030 (USD Million)
12. U.S. shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
13. U.S. shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
14. Canada shea butter market estimates and forecast, 2017 - 2030 (USD Million)
15. Canada shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
16. Canada shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
17. Mexico shea butter market estimates and forecast, 2017 - 2030 (USD Million)
18. Mexico shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
19. Mexico shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
20. Europe shea butter market estimates and forecast, 2017 - 2030 (USD Million)
21. Europe shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
22. Europe shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
23. U.K. shea butter market estimates and forecast, 2017 - 2030 (USD Million)
24. U.K. shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
25. U.K. shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
26. Germany shea butter market estimates and forecast, 2017 - 2030 (USD Million)
27. Germany shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
28. Germany shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
29. France shea butter market estimates and forecast, 2017 - 2030 (USD Million)
30. France shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
31. France shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
32. Italy shea butter market estimates and forecast, 2017 - 2030 (USD Million)
33. Italy shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
34. Italy shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
35. Spain shea butter market estimates and forecast, 2017 - 2030 (USD Million)
36. Spain shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
37. Spain shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
38. Asia Pacific shea butter market estimates and forecast, 2017 - 2030 (USD Million)
39. Asia Pacific shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
40. Asia Pacific shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
41. China shea butter market estimates and forecast, 2017 - 2030 (USD Million)
42. China shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
43. China shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
44. India shea butter market estimates and forecast, 2017 - 2030 (USD Million)
45. India shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
46. India shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
47. Japan shea butter market estimates and forecast, 2017 - 2030 (USD Million)
48. Japan shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
49. Japan shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
50. Malaysia shea butter market estimates and forecast, 2017 - 2030 (USD Million)
51. Malaysia shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
52. Malaysia shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
53. Australia shea butter market estimates and forecast, 2017 - 2030 (USD Million)
54. Australia shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
55. Australia shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
56. Central & South America shea butter market estimates and forecast, 2017 - 2030 (USD Million)
57. Central & South America shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
58. Central & South America shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
59. Brazil shea butter market estimates and forecast, 2017 - 2030 (USD Million)
60. Brazil shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
61. Brazil shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
62. Middle East & Africa shea butter market estimates and forecast, 2017 - 2030 (USD Million)
63. Middle East & Africa shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
64. Middle East & Africa shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
65. South Africa shea butter market estimates and forecast, 2017 - 2030 (USD Million)
66. South Africa shea butter market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
67. South Africa shea butter market revenue estimates and forecast by application, 2017 - 2030 (USD Million)
68. Company categorization
List of Figures
1. Shea butter market segmentation & scope
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Shea butter market- Penetration & growth prospect mapping
7. Shea butter market- Value chain analysis
8. Shea butter market: Porter’s Five Forces Analysis
9. Shea butter market: Roadmap
10. Factors affecting the buying decision for shea butter market
11. Shea butter market: Product (%) analysis, 2021 & 2030
12. Shea butter market: Application (%) analysis, 2021 & 2030
13. Shea butter market: Regional share (%) analysis, 2021 & 2030
14. Key shea butter company market share analysis, 2021

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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Table Information

Report AttributeDetails
No. of Pages80
PublishedNovember 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2.17 Billion
Forecasted Market Value ( USD ) by 2030 $ 3.75 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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