The global shea butter market size was valued at USD 725.7 in 2018. The global shea butter market is growing, due to rise in cosmetics and bakery products consumption across the globe. The global shea butter market is majorly driven by increasing utilization of shea butter as an alternative for edible vegetable oils, fat and cocoa butter in various food applications. Additionally, rising demand for personal care & cosmetics products using shea butter due to its therapeutic benefits such as anti-inflammatory, ultra-violet light protection, anti-eczema, regenerative, moisturizing, and anti-wrinkle properties is expected to drive the growth of the global shea butter market over the forecast period. Moreover, rising population and rapid urbanization due to which demand for personal care & cosmetics and food industry is also increasing which directly give a positive support to shea butter market. However, the availability of various alternative products with a low price is anticipated to hamper the growth of global shea butter market.
The shea butter is used as shea based organic fertilizers or bio fertilizer in agriculture sector because it contains plants growth regulators and biological control agents needed for plants growth. Shea butter are much more affordable than cocoa butter due to which shea butter are used in chocolate or bakery products manufacturing. Shifting consumer trends towards health and hygiene has encouraged manufacturers to develop natural cosmetic products using shea butter. The market is estimated to raise its position due to the newer policies and regulations introduced and implemented by various governments across the world.
Segmentation of shea butter market are done on the basis of type, application and regional. Refined shea butter is driving the global shea butter market ahead because of its increasing adoption in cosmetics products and commercially, refined shea butter reduces antioxidant content, color, and vitamins from raw materials in order to make it usable. On the basis of application, the use of shea butter in food industry are more due to the usage of shea butter as a substitute for edible vegetables oils & fat and coco butter in making bakery products. Europe region is leading on the basis of region due to government policies where, they got approval to use shea butter in edible products such as chocolates, from Europe’s EC and U.S.FDA.
Major companies profiled in the global Shea butter market report are Bunge Loders Croklaan, Savannah Fruits Company, Ghana Nuts Company Ltd, Akoma Cooperative Multipurpose Society, SHEBU Industries Limited, and Baraka Shea Butter among others.
Key segments of the global shea butter market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
- Raw & unrefined shea butter
- Refined shea butter
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- Middle East & Africa
- Western Africa