The Global Shea Butter Market size is projected to grow from USD 3.87 Billion in 2017 to USD 5.68 Billion by 2028, at an estimated CAGR of 4.4%. The increase in the demand for natural and organic products has led to a surge in the consumption of shea butter globally. In addition, increasing demand from emerging economies such as China & India has also fueled the growth of this market.
Shea Butter, also known as karité or shea butter, is a moisturizing fat obtained from the nuts of the African Karite tree. Shea Butter has been used for centuries in West Africa to help heal skin ailments and protect nature’s most precious resource – water.
Shea butter contains vitamins A, E, and F that are essential for healthy skin while protecting it from bacteria-causing infections. It also contains Omega fatty acids which keep the moisture balance in your scalp by reducing itching and flaking caused by shampooing. The combination of these natural ingredients makes Shea Butter one of the best natural moisturizers.
On the basis of Types, the market is segmented into Raw and Unrefined Shea Butter, Refined Shea Butter.
Raw Shea Butter is the product obtained from cold-pressing unrefined shea nuts. It comes in a hard, dark brown paste form and has a typical fat content of 36%. The extraction process does not involve any heat or chemicals, which helps to preserve its natural properties such as vitamins A and E. Raw Shea Butter can be used for both cosmetic products and industrial applications due to its high nutrient content.
Refined Shea Butter is a product that has been processed after the extraction process to make it more versatile in its application. Refining removes impurities so the final product has less scent and color, allowing for versatility of use. The manufacturing process for refined shea butter has not been standardized in international trade, and the product varies from country to country. The refining process is usually done by roasting or boiling raw shea butter until it becomes a light brown color, which removes many of its natural scent and antioxidant properties.
Refined Shea Butter can be used as an emollient, lipid barrier agent, and texturizer in the cosmetics industry due to its ability to moisturize skin while preventing moisture loss. It also offers protection against UV rays when applied topically on the skin surface (Epidermis) because of its high content of antioxidants such as vitamins A & E. As opposed to Raw Shea Butter that absorbs into the epidermal layer before penetrating deeper into the dermal layer, Refined Shea Butter is able to penetrate deeply into the skin which can help reduce stretch marks and acne. It also has antimicrobial properties that can be used in medicines for topical treatments because it contains natural plant sterols as an active ingredient.
On the basis of Application, the market is segmented into Cosmetics Industry, Medicine Industry, and Food Industry.
Shea butter is one of the most commonly used ingredients in cosmetics. It has many benefits, including moisturizing and conditioning hair follicles as well as providing protection from UV radiation caused by sun exposure. Shea butter also imparts a natural glow to the skin, which can be attributed to its high levels of vitamin A content. In addition, it provides an emollient effect on dry or damaged skin that makes it easier for consumers to apply makeup without looking cakey or flaky.
The pharmaceutical industry is the second most important application of Shea Butter, with 22% of revenues. It's used in medicines to make them more palatable and for their moisturizing properties.
Shea butter is a popular cooking ingredient in the food industry due to its high nutritional value and tasteless properties. It can be used as an emulsifier, thickener, stabilizer, or as a preservative for various recipes such as baked goods, ice cream, and chocolate products. The use of shea butter in these industries has increased over the years because it adds a certain flavor without affecting the consistency.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific Market is anticipated to witness exponential growth with more players entering into this region, especially India which has been experiencing robust economic development owing to its increasing population as well as improving consumer standards.
The Middle East & Africa demand for shea butter increased due mainly because it may have some medical properties like treatment against skin conditions such as eczema or psoriasis where oil content makes it useful when applied topically on the inflamed skin surface. The Market is expected to grow steadily owing to the increasing demand in this region for shea butter.
The key driving factors for the growth of this market are the increasing demand for natural and organic products in the cosmetics industry. The demand for raw shea butter is on a rise due to its high nutritional benefits, which are not found in refined shea butter. Shea butter is also widely used as an ingredient in food items owing to its rich flavor profile as well as texture. Moreover, increased awareness about the health hazards of synthetic ingredients such as parabens and phthalates has lead consumers towards more natural products including butter like Shea Butter.
The key restraining factors that could hamper the growth potential of this market include their high volatility in prices coupled with fluctuating global weather patterns leading to low yield rates of Shea Trees across major countries growing them currently.
Up Market Research published a new report titled “Shea Butter Butyrospermum Parkii Market research report which is segmented by Types (Raw and Unrefined Shea Butter, Refined Shea Butter), By Applications (Cosmetics Industry, Medicine Industry, Food Industry), By Players/Companies IOI Loders Croklaan, Wilmar Africa Ltd/ Ghana Specialty Fats, Ghana Nuts Ltd, Shebu Industries, Timiniya Tuma Company Ltd, The Pure Company, The Savannah Fruits Company, VINK CHEMICALS GMBH & CO. KG, Akoma Cooperative, StarShea, International Oils & Fats Limited”.
|Report Attributes||Report Details|
|Report Title||Shea Butter Butyrospermum Parkii Market Research Report|
|By Type||Raw and Unrefined Shea Butter, Refined Shea Butter|
|By Application||Cosmetics Industry, Medicine Industry, Food Industry|
|By Companies||IOI Loders Croklaan, Wilmar Africa Ltd/ Ghana Specialty Fats, Ghana Nuts Ltd, Shebu Industries, Timiniya Tuma Company Ltd, The Pure Company, The Savannah Fruits Company, VINK CHEMICALS GMBH & CO. KG, Akoma Cooperative, StarShea, International Oils & Fats Limited|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||234|
|Number of Tables & Figures||164|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Raw and Unrefined Shea Butter, Refined Shea Butter and By Application Cosmetics Industry, Medicine Industry, Food Industry.
Some of the companies that are profiled in this report are:
Shea Butter Butyrospermum Parkii Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Shea Butter Butyrospermum Parkii Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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