Shea Butter Market growth prospects with challenges key players - Star Shea Ltd., Bread For Life, All Pure Nature Ltd. Lovinah Naturals Shea Radiance, Jedwards International, Inc., Maison Karite Sociedad Limitada, Vink Chemicals Gmbh & Co. Kg, Shebu Indus

Shea Butter is an extracted product, which is a vegetable oil or fat containing triglycerides. It is ivory or off-white colored compound which is extracted from the nut of Vitellaria paradoxa (African Shea tree). Shea butter is a sustainable source of edible fat, and is used as a vegetal source of stearic acid in cosmetics and chocolate industry. According to the Food and Drug Administration (FDA), in 2015, the natural cosmetics sale in Europe witnessed a growth of 6% while the growth in North America was 7% as compared to the overall growth of the global natural cosmetics which was 2.5%.

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Market Drivers

The Shea butter market is majorly driven by its adoption as a substitute to cocoa butter in the chocolate industry. Different parts of the Shea tree such as roots, stems, leaves, fruits and the bark are used for the treatment of various diseases and infections such as wound infections, dysentery, skin diseases, diarrhea, and gastrointestinal tract infections. Shea butter is used as a treatment for inflammation of the nasal congestion, nostrils, cough, leprosy and rheumatism and in treatments of minor bone dislocation.

Market Outlook

Utilization of Shea butter as a cosmetic ingredient is expected to be major driving factor for growth of the Shea butter market over the forecast period. Shea butter has application in cosmetics as a sun screening agent. Furthermore, it helps softening in of the skin and tissue cell regeneration. Collagen and elastin present in Shea butter has anti-aging properties. These factors are expected to fuel growth of the personal care segment in Shea butter market during the forecast period.

Africa is expected to gain major traction in Shea butter market, over the forecast period (2018 - 2025). The Shea tree is found in the western and eastern regions of Africa, which are namely Ghana, Benin, Chad, Cameroon, Burkina Faso, Ethiopia, Central African Republic, Mali, Cote D’Ivoire, Guinea Bissau, Senegal, Nigeria, Sierra Leone, Niger, Togo, Sudan, Guinea, Uganda, and Zaire.

The high stearic acid content of Shea butter helps to prevent or maintain the cholesterol level, which reduce the low density lipoprotein, high density lipoprotein, and the total cholesterol. According to World Health Organization (WHO), every 1 in 3 persons suffers from high cholesterol in Asia Pacific region. According to the ASEAN Federation of Cardiology Congress, in 2016, around 60% population in Myanmar was suffering from high cholesterol. Thus these factors are expected to drive growth of the market, as Shea butter could be used as both medicinal purpose and also as an edible product.

The major players in the shea butter market include, Star Shea Ltd., Bread For Life, All Pure Nature Ltd. Lovinah Naturals Shea Radiance, Jedwards International, Inc., Maison Karite Sociedad Limitada, Vink Chemicals Gmbh & Co. Kg, Shebu Industries, Shea Therapy Ltd, and The Pure Company.

Shea Butter Market Taxonomy

On the basis of grade, the global Shea butter market is classified into:

Grade A
Grade B
Grade C
Grade D
Grade E

On the basis of end-use industry, the global Shea butter market is classified into:

Personal Care
Pharmaceuticals
Food
Others

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