Global Cosmetic Shea Butter Market Is Expected To Reach Around USD 4.29 Billion By 2032

Zion Market Research has published a new report titled “Cosmetic Shea Butter Market By Nature (Conventional and Organic), By End-Use (Lotions & Creams, Lip balm &Lipstick, Sun Care, Soaps & Toiletries, Cleanser, Shampoo & Conditioner, and Others), and By Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Online Stores, Convenience Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global cosmetic shea butter market was USD 2.31 billion in 2023 and is expected to reach approximately USD 4.29 billion by 2032, at a CAGR of slightly above 7.23% between 2024 and 2032.

Shea butter is an edible fat, which is obtained from shea kernels or shea tree’s nutshells. Shea butter has major applications across a wide range of industries, such as pharmaceuticals, cosmetics, food processing, and others. Additionally, cosmetic shea butter is called Vitellaria paradoxa.

Browse the full “Cosmetic Shea Butter Market By Nature (Conventional and Organic), By End-Use (Lotions & Creams, Lip balm &Lipstick, Sun Care, Soaps & Toiletries, Cleanser, Shampoo & Conditioner, and Others), and By Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Online Stores, Convenience Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/cosmetic-shea-butter-market

The major factor that is driving the cosmetic shea butter market is the increased demand from the cosmetic industry owing to its moisturizing properties, due to the presence of various antioxidants like polyphenol and tocopherol. The product has a buttery texture, which makes it highly emollient and helps in reducing skin inflammation. According to the ICCO Cooperation, the market registered a growth rate of 600% between 1998 and 2018, and around 350 thousand tons of shea butter is exported from West Africa annually across the globe. However, the high cost of raw materials and the availability of various substitute products may limit the cosmetic shea butter market globally. Alternatively, the increasing penetration of cosmetic shea butter via online retailing channels will provide several growth opportunities to the cosmetic shea butter market on a global scale.

The cosmetic shea butter market is fragmented based on nature, end-use, and distribution channels. Based on nature, the market is segmented into conventional and organic. By end-use, the market includes lotions and creams, shampoo and conditioner, sun care, soaps and toiletries, cleanser, lip balm and lipstick, and others. Lotions and creams, particularly for skin conditioning and anti-aging, will drive the market for this segment in the years ahead alongside high demand for these products in the cosmetics sector. Moreover, cosmetics companies are investing more in R&D to introduce new and more effective products containing shea butter. On the basis of the distribution channel, the market comprises specialty stores, hypermarkets, convenience stores, online stores, supermarkets, and others.

Europe is likely to witness major growth in the cosmetic shea butter market over the forecast period, due to the rising cosmetic shea butter demand across the region. The Asia Pacific cosmetic shea butter market is projected to witness notable growth in the upcoming years. This is due to the higher growth rate of the cosmetic sector in the region. Countries like China and India are leading the cosmetic shea butter market in the region, due to their flourishing cosmetic industries. Moreover, the rise in the disposable income of the regional consumers is also supporting the cosmetic shea butter market growth in the Asia Pacific. 

Some major players operating in the cosmetic shea butter market are Cargill, Clariant, AAK, Olvea Group, Archer Daniels Midland, Bunge Limited, BASF, Croda International, Ghana Nuts Company, Agrobotanicals, Sophim, and AOS Products.

This report segments the global cosmetic shea butter market into:

Global Cosmetic Shea Butter Market: Nature Analysis

• Conventional
• Organic

Global Cosmetic Shea Butter Market: End-Use Analysis

• Lotions and Creams
• Lip balm and Lipstick
• Sun Care
• Soaps and Toiletries
• Cleanser
• Shampoo and Conditioner
• Others

Global Cosmetic Shea Butter Market: Distribution Channel Analysis

• Hypermarkets
• Supermarkets
• Specialty Stores
• Online Stores
• Convenience Stores
• Others

Global Cosmetic Shea Butter Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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