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Shea Butter Market Growth: USD 3.48 Billion by 2030 with 13.1% CAGR

Shea Butter Market

Shea Butter Market

The global shea butter market is gaining significant momentum, driven by its increasing applications in food, cosmetics, and pharmaceuticals. In 2023, the market was valued at US$ 1.47 Billion. and is projected to grow at a CAGR of 13.1% from 2024 to 2030, reaching US$ 3.48 Bn. by the end of the forecast period.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's shea butter market is expanding due to the increasing demand for natural cosmetics and skincare products. Partnerships between local beauty brands and global players like L'Orรฉal have boosted the import of high-quality shea butter. In 2023, the market saw a 10% growth, driven by rising consumer preference for organic personal care products.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/23770/

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's robust beauty and wellness industry is fueling the demand for shea butter, particularly in luxury skincare and spa products. Companies such as ๐”๐ง๐ข๐ฅ๐ž๐ฏ๐ž๐ซ are collaborating with local producers to introduce premium formulations. With government support for sustainable imports, the market is expected to grow at a CAGR of 9% during the forecast period.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's shea butter market is witnessing a surge in demand for anti-aging and hydrating products. Leading brands like ๐’๐ก๐ข๐ฌ๐ž๐ข๐๐จ ๐š๐ง๐ ๐ƒ๐‡๐‚ are incorporating shea butter into their high-end skincare lines. In 2023, e-commerce sales of shea butter-based products increased by 15%, reflecting strong consumer interest in natural ingredients.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's shea butter market is marked by consolidation, with major companies like ๐๐ž๐ข๐ž๐ซ๐ฌ๐๐จ๐ซ๐Ÿ ๐š๐ง๐ ๐„๐ฌ๐ญ๐ž๐ž ๐‹๐š๐ฎ๐๐ž๐ซ partnering with local distributors to strengthen their market presence. In 2024, the government's push for environmentally friendly imports is expected to enhance the supply chain for sustainably sourced shea butter. The market grew by 18% in 2023, driven by demand from the cosmetics sector.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's shea butter market is evolving with the rise of K-beauty products emphasizing natural and organic ingredients. Companies like ๐€๐ฆ๐จ๐ซ๐ž๐ฉ๐š๐œ๐ข๐Ÿ๐ข๐œ are integrating shea butter into innovative formulations for moisturizers and face masks. In 2023, the market recorded a 12% growth, supported by increasing exports of K-beauty products globally.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/23770/

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's strategic position as a trade hub is boosting the shea butter market, with rising imports of raw shea butter for use in cosmetics and food products. Brands like The Body Shop are leveraging Singapore's retail infrastructure to expand their footprint. In 2023, Singapore's market grew by 11%, driven by consumer demand for sustainable and ethically sourced products.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US remains a dominant player in the global shea butter market, accounting for over 30% of total revenue in 2023. Companies like ๐’๐ก๐ž๐š๐Œ๐จ๐ข๐ฌ๐ญ๐ฎ๐ซ๐ž ๐š๐ง๐ ๐‹'๐Ž๐œ๐œ๐ข๐ญ๐š๐ง๐ž are driving innovation with new product launches targeting diverse consumer needs. The rising trend of clean beauty and natural ingredients is propelling market growth.

๐’๐ก๐ž๐š ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's shea butter market is thriving, with countries like Germany, France, and the UK leading in sustainable and premium product development. Companies such as L'Orรฉal and Clarins are focusing on ethically sourced shea butter to meet growing consumer demand. In 2023, Europe's exports of shea butter products increased by 8%, driven by demand from the Middle East and Asia.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/23770/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Raw and unrefined
Refined and ultra-refined.

In 2023, the Raw and Unrefined category held a 75% market share. Some of the advantages of unrefined or cold-pressed oils are driving up consumer demand for less processed oils. Unpurified shea butter, for instance, helps the skin produce collagen and stimulates tissue, keeping the skin looking fresh. Its calming, nourishing, and hydrating qualities make it ideal for dry, damaged skin and hair. It helps lower inflammation and is a chemical-free substitute for many cosmetics. This property makes raw, unrefined shea butter useful for treating sunburn, psoriasis, rashes, frostbite, dry and itchy skin, cracked lips, acne, anti-aging, and stretch marks.

๐›๐ฒ ๐๐š๐ญ๐ฎ๐ซ๐ž

Organic
Conventional

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Food Processing
Personal Care and Cosmetics
Pharmaceuticals
Others

In 2023, personal care and cosmetics held a 40% market share. The strong demand for goods in this industry is the cause of this increase. In order to provide new, more potent shea butter-based products to the market, cosmetics companies are making significant investments in research and development. It is composed of ester resins, which are advised for sun protection, skin restoration, and washing. rising interest in skincare and anti-aging products. These elements are propelling the segment's market expansion.

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-shea-butter-market/23770/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ India Gaming Market https://www.maximizemarketresearch.com/market-report/india-gaming-market/44686/

โ™ฆ Global Imitation Jewelry Market https://www.maximizemarketresearch.com/market-report/global-imitation-jewelry-market/79656/

โ™ฆ India Accounting Software Market https://www.maximizemarketresearch.com/market-report/india-accounting-software-market/44134/

โ™ฆ India Lithium Ion Battery Market https://www.maximizemarketresearch.com/market-report/india-lithium-ion-battery-market/29994/

โ™ฆ India Solar Rooftop Market https://www.maximizemarketresearch.com/market-report/india-solar-rooftop-market/20777/

โ™ฆ Global Ayurvedic Market https://www.maximizemarketresearch.com/market-report/global-ayurvedic-market/23882/

โ™ฆ Global Vanilla Market https://www.maximizemarketresearch.com/market-report/global-vanilla-market/31727/

โ™ฆ Global Banana Powder Market https://www.maximizemarketresearch.com/market-report/global-banana-powder-market/31597/

โ™ฆ Saccharin Market https://www.maximizemarketresearch.com/market-report/saccharin-market/188060/

โ™ฆ Global Irish Whiskey Market https://www.maximizemarketresearch.com/market-report/global-irish-whiskey-market/94141/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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