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| Shea Butter Market |
The global Shea Butter Market is estimated to be valued at US$ 77.80 million in 2021 and is expected to reach US$ (incorporate market value for 2022) Bn/Mn by 2022, with a CAGR of 12.80% over the forecast period of 2022-2029, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Shea butter is a highly versatile and natural ingredient derived from the nuts
of Shea tree. It is widely used across various industries such as cosmetics,
food, and pharmaceuticals due to its numerous benefits. The market is driven by
increasing consumer awareness about the benefits of natural ingredients in
personal care and beauty products. Shea butter offers moisturizing and nourishing
properties, making it an ideal ingredient in skincare and haircare products.
Moreover, the rising demand for organic and natural products is further fueling
the growth of the shea butter market.
Market Key Trends:
One key trend driving the growth of the shea butter market is the increasing
demand for natural and organic skincare products. With the rising awareness
about the harmful effects of synthetic chemicals in personal care products,
consumers are gravitating towards natural alternatives. Shea butter, with its
various skincare benefits and natural composition, is gaining popularity among
consumers. In addition, the trend of clean beauty and sustainability is also
contributing to the demand for shea butter. The market is witnessing the launch
of new shea butter products with innovative formulations to cater to the
evolving consumer preferences. For instance, companies are launching shea
butter-infused face masks, body lotions, and lip balms to tap into the growing
demand for natural and organic skincare solutions. Overall, the increasing
consumer shift towards natural and sustainable products is expected to drive
the growth of
Segment Analysis:
The Shea Butter Market can be segmented into various categories based on
application, distribution channel, and region. In terms of application, the
market can be divided into cosmetics & personal care, healthcare, and food
& beverages. Among these segments, the cosmetics & personal care
segment dominates the market. Shea butter is widely used in the manufacturing
of cosmetics and personal care products due to its superior moisturizing and
anti-inflammatory properties. It is extensively used in skincare products such
as lotions, creams, and soaps, as well as in hair care products such as
shampoos and conditioners. Shea butter's natural healing properties make it a
popular choice for the treatment of skin conditions like eczema and psoriasis.
Furthermore, the increasing trend of using natural and organic products in the
cosmetics industry is driving the demand for shea butter in this segment.
Key Takeaways:
The global Shea
Butter Market Share is expected to witness high growth, exhibiting a
CAGR of 12.80% over the forecast period. Factors such as the increasing demand
for natural and organic cosmetics, the rising prevalence of skin diseases, and
the growing awareness about the benefits of shea butter are driving market
growth. The cosmetics & personal care segment dominates the market, owing
to the widespread use of shea butter in skincare and hair care products.
In terms of regional analysis, the fastest-growing and dominating region in the
Shea Butter Market is North America. The region accounted for the largest
market share in 2021 and is projected to maintain its dominance throughout the
forecast period. This can be attributed to factors such as the high demand for
natural and organic personal care products, the presence of major cosmetic
companies, and the increasing awareness about the benefits of shea butter among
consumers. Additionally, the market in Asia Pacific is expected to witness
significant growth, driven by the growing disposable income, changing lifestyle
patterns, and increasing adoption of natural skincare products in countries
like China and India.
Key players operating in the Shea Butter Market include Star Shea Ltd., Bread
For Life, All Pure Nature Ltd., Lovinah Naturals, Shea Radiance, Jedwards
International, Inc., Maison Karite Sociedad Limitada, Vink Chemicals Gmbh &
Co. Kg, Shebu Industries, Shea Therapy Ltd, and The Pure Company. These players
have a strong market presence and are actively involved in strategic
partnerships, product launches, and expansions to gain a competitive edge. The
increasing demand for shea butter in various industries, coupled with the focus
on sustainable sourcing and production methods, is driving the growth of these
key players in the market.
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