The global Shea Butter Market is estimated to be valued at US$ 77.80 million in 2021 and is expected to reach US$ (incorporate market value for 2022) Bn/Mn by 2022, with a CAGR of 12.80% over the forecast period of 2022-2029, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Shea butter is a highly versatile and natural ingredient derived from the nuts of Shea tree. It is widely used across various industries such as cosmetics, food, and pharmaceuticals due to its numerous benefits. The market is driven by increasing consumer awareness about the benefits of natural ingredients in personal care and beauty products. Shea butter offers moisturizing and nourishing properties, making it an ideal ingredient in skincare and haircare products. Moreover, the rising demand for organic and natural products is further fueling the growth of the shea butter market.
Market Key Trends:
One key trend driving the growth of the shea butter market is the increasing demand for natural and organic skincare products. With the rising awareness about the harmful effects of synthetic chemicals in personal care products, consumers are gravitating towards natural alternatives. Shea butter, with its various skincare benefits and natural composition, is gaining popularity among consumers. In addition, the trend of clean beauty and sustainability is also contributing to the demand for shea butter. The market is witnessing the launch of new shea butter products with innovative formulations to cater to the evolving consumer preferences. For instance, companies are launching shea butter-infused face masks, body lotions, and lip balms to tap into the growing demand for natural and organic skincare solutions. Overall, the increasing consumer shift towards natural and sustainable products is expected to drive the growth of
Segment Analysis:
The Shea Butter Market can be segmented into various categories based on application, distribution channel, and region. In terms of application, the market can be divided into cosmetics & personal care, healthcare, and food & beverages. Among these segments, the cosmetics & personal care segment dominates the market. Shea butter is widely used in the manufacturing of cosmetics and personal care products due to its superior moisturizing and anti-inflammatory properties. It is extensively used in skincare products such as lotions, creams, and soaps, as well as in hair care products such as shampoos and conditioners. Shea butter's natural healing properties make it a popular choice for the treatment of skin conditions like eczema and psoriasis. Furthermore, the increasing trend of using natural and organic products in the cosmetics industry is driving the demand for shea butter in this segment.
Key Takeaways:
The global Shea Butter Market Share is expected to witness high growth, exhibiting a CAGR of 12.80% over the forecast period. Factors such as the increasing demand for natural and organic cosmetics, the rising prevalence of skin diseases, and the growing awareness about the benefits of shea butter are driving market growth. The cosmetics & personal care segment dominates the market, owing to the widespread use of shea butter in skincare and hair care products.
In terms of regional analysis, the fastest-growing and dominating region in the Shea Butter Market is North America. The region accounted for the largest market share in 2021 and is projected to maintain its dominance throughout the forecast period. This can be attributed to factors such as the high demand for natural and organic personal care products, the presence of major cosmetic companies, and the increasing awareness about the benefits of shea butter among consumers. Additionally, the market in Asia Pacific is expected to witness significant growth, driven by the growing disposable income, changing lifestyle patterns, and increasing adoption of natural skincare products in countries like China and India.
Key players operating 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. These players have a strong market presence and are actively involved in strategic partnerships, product launches, and expansions to gain a competitive edge. The increasing demand for shea butter in various industries, coupled with the focus on sustainable sourcing and production methods, is driving the growth of these key players in the market.
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The global Cosmetic Shea Butter Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global cosmetic shea butter market are AAK AB, Agrobotanicals, LLC, AOS Products Private Limited, Archer Daniels Midland Company, BASF SE, Bunge Limited, Cargill, Incorporated, Clariant AG, Croda International Plc, Ghana Nuts Company Ltd., Ojoba Collective, Olvea Group, Sophim S.A., The HallStar Company, The Savannah Fruits Company, and others.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Cosmetic Shea Butter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cosmetic-shea-butter-market/download-sampleMarket DynamicsThe increasing consumption of cosmetics products such as lip gloss, sun care products, and others, especially among women, is driving the market growth.
Moreover, changing lifestyle coupled with rising disposable income and increasing consumer awareness towards cosmetic shea butter is pushing the market value.
On the flip side, high cost associated with such cosmetic products may hamper the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
