Cosmetic Shea Butter Market Demand, Size, Share & Forecast 2032

Cosmetic Shea Butter Industry Perspective

The global cosmetic shea butter market size was worth around USD 2.31 billion in 2023 and is predicted to grow to around USD 4.29 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.23% between 2024 and 2032.

The report encloses a forecast and current estimate for the cosmetic shea butter market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Tons) and revenue (USD Billion). The study also provides the impact and descriptive analysis of major drivers, restraints, and opportunities of the global cosmetic shea butter market.

Request Free Sample

The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of major vendors of the global cosmetic shea butter market. This comprehensive study also provides you with a detailed analysis and overview of each segment included in the study.

Cosmetic Shea Butter Market: Overview

Shea butter is as an edible fat that is extracted from the shea kernels or nutshells of the shea tree. Shea butter has major applications across a wide range of industries, such as cosmetics, food processing, pharmaceuticals, and others. Cosmetic shea butter is also known as Vitellaria paradoxa and is referred as vegetable oil the international trading market. Shea butter does not contain any artificial chemicals and comprises oleic acid and stearic acid.

Cosmetic Shea Butter Market: Growth Factors

In the cosmetic industry, the shea butter is used as an alternative to the vegetable oil, as its contents are rich in fatty acids. Shea butter is widely used in the cosmetic industry, as it helps in replenishing skin cells naturally. This is the main growth driver of the cosmetic shea butter market globally. As the product also has various other properties such as smoothening and moisturizing the product is widely used in the cosmetic industry. The steadily rising demand of the organic and natural cosmetic ingredients, due to growing consumer awareness and escalating importance of sustainability among the manufacturers are also fuelling the global market for cosmetic shea butter. However, the high cost of raw material and 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

Request Free Sample

Cosmetic Shea Butter Market: Segmentation

The report concludes the cosmetic shea butter market based on nature, end-use, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

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.

On the basis of distribution channel, the market comprises specialty stores, hypermarkets, convenience stores, online stores, supermarkets, and others.

Cosmetic Shea Butter Market: Report Scope

Cosmetic Shea Butter Market: Regional Analysis

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. Europe is forecast to be a major growth engine for the cosmetic shea butter market, driven by surging demand for these products across the region.

The Asia Pacific region is also poised for significant growth, fueled by the booming cosmetic sector, particularly in China and India. These countries boast flourishing cosmetic industries and a growing consumer base with rising disposable incomes, further propelling the market forward.

Cosmetic Shea Butter Market: Competitive Analysis

The global cosmetic shea butter market is dominated by players like:

• Cargill
• Clariant
• AAK
• Olvera Group
• Archer Daniels Midland
• Bunge Limited
• BASF
• Croda International
• Ghana Nuts Company
• Agrobotanicals
• Sophie
• AOS Products

This report segments the global cosmetic shea butter market into:

By Nature Analysis

• Conventional
• Organic

By End-Use Analysis

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

By Distribution Channel Analysis

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

By Regional Analysis

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