The Global Shea Butter For Cosmetics Market size is projected to grow from USD 1,233.0 million in 2021 to USD 2,070.6 million by 2028, at a CAGR of 9.3% during the forecast period (2021-2028). The increasing demand for natural ingredients owing to the rise in consumer awareness about their benefits and risks associated with synthetic chemicals, coupled with growing concern over environmental pollution has led to an increase in usage of organic shea butter as it is extracted without any use of chemical fertilizers or pesticides.
Shea Butter is a vegetable fat extracted from the fruit of Shea Tree (Vitellaria paradox), which is native to Africa and used in various industries, including cosmetics. The shea nut has been cultivated for centuries by West Africa's Songhai people to produce cooking oil, soap, and food.
On the basis of Types, the market is segmented into Organic and Conventional.
Organic shea butter is made from the seed of the Karite tree. The organic shea butter process starts with collecting fresh, fall fruit and then splitting it open to extract the seeds which are cleaned and roasted for an hour or more in order to remove their husks before they’re dried out in a low heat oven.
Organic Shea Butter is an excellent moisturizer. It has a strong anti-inflammatory property and can be used to reduce redness, inflammation, acne, or skin irritation while leaving behind a protective barrier on the skin that will prevent moisture from escaping. Organic Shea butter contains fatty acids such as palmitoleic acid which helps fight against aging by minimizing wrinkles and fine lines; it also improves elasticity in the skin for a firmer-looking texture. The antioxidants found in organic shea butter help protect your cells from damage caused by free radicals like pollution, stress hormones, and UV rays - ingredients that are often present in other forms of skincare products like cosmetics and cleansers.
Conventional Shea Butter is been processed with a number of chemicals to refine it for cosmetic use. The process is meant to remove the chemical properties and provide them in a more refined form, such as removing natural aroma or color. This type of shea butter is commonly used in personal care products such as soaps, lotions, suncare products, etc.
On the basis of Application, the market is segmented into Lotions and Creams, Lip Balms & Lipsticks, Sun Care Products, Soaps & Toiletries, Cleansers, Shampoos and Conditioners.
The popularity of Shea Butter in lotions and creams is due to its moisturizing benefits. It does not contain any artificial additives or chemicals, which makes it the perfect ingredient for sensitive skin types. In addition, this butter has a thick consistency that helps provide instant relief from dryness.
Shea Butter has been used in lip balms and lipsticks for a long time. It is a great ingredient because it moisturizes the lips, which helps them stay hydrated. Shea Butter also provides an SPF of up to 15-20 when applied topically on the skin.
The popularity of this butter cannot be denied as one of its major uses worldwide is in sunscreens, both commercial and private label ones that are available at drugstores across North America and Europe. Consumers prefer using natural ingredients instead of chemical additives or harsh fragrances found in conventional sunscreen products that can create allergic reactions among users with sensitive skin types such as rosacea or eczema.
Although not as popular compared to other applications, Shea Butter is incorporated in soaps and toiletries. It is used for its moisturizing properties that help remove dryness from the skin while also giving it a healthy glow.
Shea butter can be found in cleansers because of its ability to cleanse without stripping away natural oils that keep skin hydrated. It prevents water loss by forming an occlusive layer on the surface of your skin which reduces transepidermal water loss (TEWL). In short, this means that less moisture evaporates from your skin when you use a product containing shea butter. This will make your pores appear smaller over time and maintain your skin’s elasticity.
Shea butter is also found in shampoos and conditioners. The moisturizing properties of the shea butter will give hair a natural shine with no greasiness or build-up over time, while its anti-inflammatory qualities are great for treating scalp problems such as dandruff and psoriasis. Shea butter can be used to promote healthy hair from root to tip by stimulating circulation on the skin’s surface (which increases oxygen flow) which leads to increased stimulation of blood vessels that feed hair follicles. This ultimately keeps these follicles healthier so they produce better quality hairs at faster rates.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is anticipated to exhibit a comparatively higher CAGR over the forecast period, owing to increasing demand for organic shea butter and expansion in distribution channels. The market in Middle East & Africa is also likely to grow at an accelerated rate from 2021-2028 due to economic growth and urbanization which will increase the purchasing power of the consumers.
The growth of this market can be attributed to factors such as increased demand from consumers, increasing activism among animal rights activists driving up the price due to limited supply, and growing awareness about natural ingredient-based beauty products. Furthermore, major players are also launching new product ranges that include shea butter in order to sustain their competitive advantage and increase revenue streams. For instance, Unilever launched its Pure Shea Butter range which includes lotions, soaps, and other skincare brands under one umbrella brand name with varied price points for different customer segments in July 2018.
Up Market Research published a new report titled “Shea Butter for Cosmetics Market research report which is segmented by Types (Organic, Conventional), By Applications (Lotions & Creams, Lip Balms & Lipsticks, Sun Care Products, Soaps & Toiletries, Cleansers, Shampoos & Conditioners, Others), By Players/Companies Cargill, Clariant, AAK AB, Olvea Group, Archer Daniels Midland Company, Bunge Limited, BASF, Croda International, Ghana Nuts Company, Agrobotanicals, Sophim, AOS Products, The Savannah Fruits, Ojoba Collective, The HallStar Company”.
|Report Attributes||Report Details|
|Report Title||Shea Butter for Cosmetics Market Research Report|
|By Type||Organic, Conventional|
|By Application||Lotions & Creams, Lip Balms & Lipsticks, Sun Care Products, Soaps & Toiletries, Cleansers, Shampoos & Conditioners, Others|
|By Companies||Cargill, Clariant, AAK AB, Olvea Group, Archer Daniels Midland Company, Bunge Limited, BASF, Croda International, Ghana Nuts Company, Agrobotanicals, Sophim, AOS Products, The Savannah Fruits, Ojoba Collective, The HallStar Company|
|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||200|
|Number of Tables & Figures||140|
|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 Organic, Conventional and By Application Lotions & Creams, Lip Balms & Lipsticks, Sun Care Products, Soaps & Toiletries, Cleansers, Shampoos & Conditioners, Others.
Some of the companies that are profiled in this report are:
Shea Butter for Cosmetics 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 for Cosmetics 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.
How you may use our products:
Reasons to Purchase the Shea Butter for Cosmetics Market Report:
Some other reports from this category!