Press release
Shea Butter Market to Reach US$ 3.48 Billion by 2030, Growing at a CAGR of 13.1%
Shea Butter Market
The global shea butter market is experiencing robust growth, driven by increasing demand across various industries, including cosmetics, food, and pharmaceuticals. In 2023, the market was valued at approximately USD 1.47 billion and is projected to reach USD 3.48 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.1% during the forecast period.
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Shea butter, derived from the nuts of the African shea tree, is renowned for its moisturizing and healing properties, making it a sought-after ingredient in personal care and cosmetic products. The food industry also utilizes shea butter as a substitute for cocoa butter in various confectioneries and baked goods. The pharmaceutical sector incorporates shea butter into formulations for its anti-inflammatory and emollient benefits.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23770/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ซ๐
Vietnam's personal care industry is witnessing a surge in demand for natural and organic ingredients, presenting significant opportunities for shea butter imports. The country's youthful population and increasing consumer awareness of sustainable products are driving this trend.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐๐ฌ ๐๐๐๐ญ๐จ๐ซ
Thailand's cosmetics market is expanding, with a growing preference for natural ingredients like shea butter. Local manufacturers are increasingly incorporating shea butter into skincare and haircare products to cater to consumer demand for effective and eco-friendly solutions.
๐๐๐ฉ๐๐ง: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐๐๐ฎ๐ญ๐ฒ
Japanese consumers are gravitating towards sustainable beauty products, boosting the demand for ethically sourced shea butter. Companies are responding by formulating products that align with environmental and social responsibility standards.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐-๐๐๐๐ฎ๐ญ๐ฒ
The K-Beauty industry is renowned for innovation, and the inclusion of natural ingredients like shea butter is on the rise. South Korean brands are leveraging shea butter's moisturizing properties to develop new skincare lines that appeal to both domestic and international markets.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23770/
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ซ๐
Singapore's market for premium personal care products is growing, with consumers seeking high-quality, natural ingredients. Shea butter is becoming a key component in luxury skincare and cosmetic products, meeting the demand for efficacy and sustainability.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
The U.S. shea butter market is experiencing consolidation, with major players engaging in mergers and acquisitions to strengthen their market position. For instance, ๐๐ฎ๐ง๐ ๐ ๐๐ข๐ฆ๐ข๐ญ๐๐ acquired AAK's shea processing facility to enhance its shea-based ingredient offerings.
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ฉ๐๐๐ญ๐๐ฌ ๐ข๐ง ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ญ๐๐ง๐๐๐ซ๐๐ฌ
European markets are updating regulatory standards to ensure the quality and sustainability of shea butter imports. The European Union has implemented stricter guidelines on sourcing practices, encouraging companies to adopt fair trade and environmentally friendly methods.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/23770/
๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Raw and unrefined
Refined and ultra-refined.
๐๐ฒ ๐๐๐ญ๐ฎ๐ซ๐
Organic
Conventional
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food Processing
Personal Care and Cosmetics
Pharmaceuticals
Others
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/market-report/global-shea-butter-market/23770/
๐๐ก๐๐ ๐๐ฎ๐ญ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Bunge Limited
2. Ghana Nuts Company Ltd.
3. BASF SE
4. Olvea Group
5. Sophim S.A.
6. Cargill, Inc.
7. Suru Chemicals
8. Croda International Plc
9. Clariant AG
10. AAK AB
11. Better Butter Company
12. Ojoba Collective
13. Babo Botanicals
14. Shea Butter Like Whoa
15. Hallstar Company
16. Shea Yeleen
17. Baraka Shea Butter
18. AOS Products Private Limited
19. Deluxe Shea Butter
20. The Savannah Fruits Company
21. Juka's Organic Co.
22. Fuji Oil Holdings, Inc.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
BASF SE has introduced a new line of shea butter-based emollients aimed at the personal care industry, emphasizing sustainable sourcing and enhanced functionality.
Cargill, Inc. expanded its shea butter processing capabilities in West Africa, aiming to meet the growing global demand while supporting local economies.
Croda International Plc announced a partnership with local cooperatives in Ghana to source shea butter ethically, reinforcing its commitment to sustainable ingredient sourcing.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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โฆ Global Stick Packaging Market https://www.maximizemarketresearch.com/market-report/global-stick-packaging-market/31823/
โฆ Global Swimwear Market Market https://www.maximizemarketresearch.com/market-report/global-swimwear-market-market/20975/
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โฆ Global Thermal Paper Market https://www.maximizemarketresearch.com/market-report/global-thermal-paper-market/54813/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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