Shea Butter Market Size Forecasted To Achieve $3.02 Billion By 2029 With Steady Growth

The Shea Butter Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Shea Butter Market Size and Projected Growth Rate?
The shea butter market has seen robust growth in the past years. Its size is expected to escalate from $2.14 billion in 2024 to approximately $2.29 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.8%. This substantial growth seen in the historical period can be associated with its conventional use in creating cosmetics and skincare products, the mounting demand for natural and organic components, the expanding beauty and personal care industry, the rising awareness of the advantages of shea butter, and its implementation in traditional medicine.

In the coming years, the shea butter market is predicted to experience robust growth, anticipated to reach $3.02 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this upswing in the forecast period include the growth of the food industry, an increased preference for plant-based ingredients, its usage in nutraceuticals and functional foods, growing application in hair care products, the surge in e-commerce and online sales, and a rising trend of DIY beauty and skincare incorporating shea. Key trends expected during this period include the evolution of shea butter derivatives and innovations, the debut of shea butter-infused textiles and clothing, advancements in shea processing technology, applying shea butter in eco-friendly packaging, and partnerships for R&D in the shea sector.

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What Are the Major Segments in the Shea Butter Market?
The shea butter market covered in this report is segmented -

1) By Product: Raw And Unrefined Shea Butter, Refined Shea Butter
2) By Nature: Organic, Conventional
3) By Application: Food Processing, Cosmetics And Personal Care, Pharmaceuticals, Other Applications

Subsegments:
1) By Raw And Unrefined Shea Butter: Organic Raw Shea Butter, Non-Organic Raw Shea Butter
2) By Refined Shea Butter: Deodorized Refined Shea Butter, Bleached Refined Shea Butter

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What Are The Driving Shea Butter Market Evolution?
The growth of the shea butter market is predicted to be fueled by the increasing usage of cosmetic products. These products, varied in nature and used on the body, face, hair, or nails, are designed to modify or enhance aesthetics. Shea butter, prized for its hydrating, nourishing, and anti-inflammatory advantages, aids in maintaining healthier skin and hair, and is frequently found in cosmetics. For example, the British Beauty Council, a non-profit organization based in the UK, reported in March 2021 that in 2022, a staggering 56,000 organic beauty and well-being products and ingredients received the COSMOS certification, a 22% rise from the previous year. Thus, the rising use of cosmetics is pushing the expansion of the shea butter market.

Which Firms Dominate The Shea Butter Market Segments?
Major companies operating in the shea butter market include BASF SE, Bunge Limited, Wilmar Africa Limited, Clariant AG, AAK AB, Fuji Oil Holdings Inc., Croda International plc, L'Occitane en Provence, NOW Foods, 3F Industries Limited, Anderson International Corp., OLVEA Group, Bulk Apothecary, International Oils & Fats Limited, Akoma International Ltd., Manorama Industries Limited, Sophim S.A., The Savannah Fruits Company, Green Leaf Naturals, Makers Ingredients Limited, Ghana Nuts Company Limited, Shea Radiance, Better Butter Company, Zoic Cosmetics, Shebu Industries, Jiangxi Hualong Plant Spice Co. Ltd., Suru Chemicals & Pharmaceuticals Pvt. Ltd., Purenso Select

What Trends Are Expected to Dominate the Shea Butter Market in the Next 5 Years?
Shea butter market's leading organizations are creating unique products like skincare products infused with shea butter to cater to more customers, boost sales, and augment their revenue. Skincare products with shea butter infusions are either cosmetics or personal care goods that prominently feature shea butter. For instance, Salve Pharmaceuticals Pvt. Ltd., a dermatological firm based in India, in September 2022, released the Ultra, a series of skincare products. A unique attribute of the Ultra skincare series is the daily-use regimen, providing hydration for 72 hours. It is formulated with ingredients like almond oil, shea butter, vitamin E, and hibiscus extracts, ensuring prolonged nourishment for skin cells. The series contains two items: the Parasoft Ultra Hydrating and Protecting Cream and the Parasoft Ultra Daily Moisturizing Body and Face Lotion. Notably, both items are free from parabens, and their easy-to-apply non-greasy nature enhances user convenience.

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Which Is The Largest Region In The Shea Butter Market?
North America was the largest region in the shea butter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shea butter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Shea Butter Market?
2. What is the CAGR expected in the Shea Butter Market?
3. What Are the Key Innovations Transforming the Shea Butter Industry?
4. Which Region Is Leading the Shea Butter Market?

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