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

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.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

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'Oréal 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.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/23770/

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's robust beauty and wellness industry is fueling the demand for shea butter, particularly in luxury skincare and spa products. Companies such as 𝐔𝐧𝐢𝐥𝐞𝐯𝐞𝐫 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.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's shea butter market is witnessing a surge in demand for anti-aging and hydrating products. Leading brands like 𝐒𝐡𝐢𝐬𝐞𝐢𝐝𝐨 𝐚𝐧𝐝 𝐃𝐇𝐂 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.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China's shea butter market is marked by consolidation, with major companies like 𝐁𝐞𝐢𝐞𝐫𝐬𝐝𝐨𝐫𝐟 𝐚𝐧𝐝 𝐄𝐬𝐭𝐞𝐞 𝐋𝐚𝐮𝐝𝐞𝐫 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.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's shea butter market is evolving with the rise of K-beauty products emphasizing natural and organic ingredients. Companies like 𝐀𝐦𝐨𝐫𝐞𝐩𝐚𝐜𝐢𝐟𝐢𝐜 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.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/23770/

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

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.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US remains a dominant player in the global shea butter market, accounting for over 30% of total revenue in 2023. Companies like 𝐒𝐡𝐞𝐚𝐌𝐨𝐢𝐬𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐋'𝐎𝐜𝐜𝐢𝐭𝐚𝐧𝐞 are driving innovation with new product launches targeting diverse consumer needs. The rising trend of clean beauty and natural ingredients is propelling market growth.

𝐒𝐡𝐞𝐚 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

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'Oréal 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.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/23770/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

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.

𝐛𝐲 𝐍𝐚𝐭𝐮𝐫𝐞

Organic
Conventional

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

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.

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-shea-butter-market/23770/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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.

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