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Shea Butter Market Research Report Information By Type (Refined, Unrefined/Raw), By Category (Conventional, and Organic), By Application (Food & Beverages, Personal Care, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
The global shea butter market has witnessed remarkable growth in recent years, driven by increasing consumer demand for natural and organic products across various industries. Valued at USD 1.1 billion in 2021, the market is projected to reach USD 1.87 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.89% during the forecast period from 2022 to 2030. Leading Brands in the Shea Butter Market
The shea butter market major player such as BASF SE (Germany), Bunge Ltd (US), Cargill Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophim S.A (France), Ghana Nuts Company Limited (Ghana), Shea Radiance (US), The Organic Shea Butter Company (US), The Savannah Fruits Company (Ghana), and others
Market Drivers
Several factors contribute to the expansion of the shea butter market:
1. Rising Demand for Natural and Organic Products: Consumers are increasingly seeking natural and organic ingredients in their personal care and cosmetic products. Shea butter, known for its moisturizing and anti-inflammatory properties, aligns with this preference, leading to its widespread adoption in skincare formulations. “Free Sample Copy” – Access a complimentary copy of our report to explore its content and insights: https://www.marketresearchfuture.com/sample_request/6160
2. Growth in the Food and Beverage Industry: Shea butter is gaining popularity as an alternative fat source in the food industry, particularly in chocolate production, due to its similar melting profile to cocoa butter. This has expanded its application beyond cosmetics into the culinary sector. 3. Increased Awareness of Health Benefits: The therapeutic properties of shea butter, such as its rich content of vitamins and antioxidants, have been recognized for promoting skin health and healing, boosting its demand in pharmaceutical and personal care products. Product Segmentation
– By Type:
– Refined Shea Butter: This segment accounted for the largest market share in 2021. Refined shea butter undergoes processing to remove impurities, resulting in a product with a milder scent and longer shelf life, making it suitable for various cosmetic formulations. citeturn0search2
– Unrefined/Raw Shea Butter: Preferred by consumers seeking minimally processed products, unrefined shea butter retains its natural properties and is rich in nutrients, appealing to the organic and natural product market. – By Category:
– Conventional: This category includes shea butter produced through standard methods without specific emphasis on organic practices. – Organic: Reflecting the growing consumer inclination towards organic products, this segment is expected to witness significant growth as it caters to the demand for sustainably sourced and chemical-free products. – By Application:
– Personal Care and Cosmetics: Dominating the market, this segment utilizes shea butter in products like lotions, creams, and hair care items due to its emollient properties. – Food and Beverages: Shea butter is used as a cocoa butter substitute in confectionery and as a cooking fat in certain cuisines. – Pharmaceuticals: Employed for its healing properties, shea butter is an ingredient in various medicinal formulations aimed at treating skin conditions. “Proceed to Buy” – Move forward with your purchase and gain instant access to the complete report: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6160
Regional Insights
Geographically, the shea butter market is analyzed across several regions:
– Europe: Leading the market, Europe’s dominance is attributed to the high demand for natural and organic cosmetics. The region’s stringent regulations on cosmetic ingredients have propelled manufacturers to incorporate natural substances like shea butter into their products. – North America: The market in this region is driven by the growing awareness of the benefits of natural ingredients in personal care products. Additionally, the food industry’s interest in alternative fats has bolstered the demand for shea butter. – Asia-Pacific: This region is expected to witness the fastest growth during the forecast period. Rising disposable incomes, urbanization, and increasing consumer awareness about natural products contribute to the burgeoning demand for shea butter in both personal care and food applications. Market Challenges
Despite its growth, the shea butter market faces certain challenges:
– Supply Chain Constraints: Shea trees are predominantly found in Africa, and the production of shea butter is often subject to climatic variations and geopolitical factors, which can affect supply stability. – Regulatory Hurdles: Different countries have varying regulations regarding the use of shea butter in food and cosmetic products. Navigating these regulatory landscapes requires significant effort from manufacturers to ensure compliance. Opportunities
The market presents several opportunities for growth:
– Product Innovation: Developing new formulations that incorporate shea butter, such as organic and vegan-friendly products, can attract a broader consumer base. – Sustainable Sourcing Initiatives: Brands that invest in sustainable and ethical sourcing of shea butter not only support local communities in Africa but also appeal to socially conscious consumers, enhancing brand loyalty. – Expansion into Emerging Markets: Tapping into emerging economies where consumer awareness about natural products is on the rise can provide new avenues for market expansion. Recent Developments
The shea butter market has seen notable developments:
– Product Launches: In May 2021, Crafters Choice introduced personal care items made with pure, ultra-refined shea butter, including body lotions and soaps. Such product launches are anticipated to support the market’s growth trend. – Market Expansion: Companies are exploring new markets and applications for shea butter, particularly in the food industry, where it serves as a sustainable alternative to traditional fats. The global shea butter market is poised for sustained growth, driven by consumer preferences for natural and organic products across personal care, food, and pharmaceutical industries. While challenges such as supply chain constraints and regulatory complexities exist, opportunities in product innovation, sustainable sourcing, and market expansion offer promising prospects for stakeholders. As consumer awareness and demand continue to rise, the shea butter market is set to flourish in the coming years. Discover more Research Reports on Food, Beverages & Nutrition Industry , by Market Research Future:
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Shea Butter Market Expansion: What’s Driving the Surge in Demand?

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LONDON, Oct. 14, 2022 /PRNewswire/ -- The size of the Global Shea Butter Market  was estimated to be USD 2.48 Billion in 2021 and to increase to USD 4.15 Billion by 2028, with a forecasted CAGR of 7.60%. Global Shea Butter Market Scope-
The global shea butter market is reckoned to witness substantial gains over the assessment timeframe of 2022-2028. The extensive use of shea butter in cosmetics and food-based industry owing to the wide array of health benefits offered by shea butter is one of the primary factors fueling market growth. It is used as a major ingredient in moisturizers, lotions, lip balms, and hair conditioners, among others. Shea Butter Market: Competitive Analysis 
The major players characterizing the competitive terrain of global shea butter market are IOI Loders Croklaan, Ghana Nuts Ltd, Maison Karite Sociedad Limitada, Adunni Ori Ltd., Timiniya Tuma Company Ltd., Savanna Shea Industries, Star Shea Ltd, Shea Radiance, Vink Chemicals GmbH & CO. KG, and Jedwards International, Inc. Global Shea Butter Market- Key Drivers
Shea butter is a type of fat that is extracted from the seeds of shea trees. It is semisolid and creamy in nature that makes it an effective emollient. It is known for its ability to hydrate, smoothen, and soften dry skin. Shea butter is further enriched with antioxidant and antifungal properties. The major factors augmenting the outlook of this industry are rising pervasiveness of skin-based disorders, the booming cosmetic sector, and increasing per capita income of the masses. Alongside, the surging efforts of industry players to develop and launch highly effective shea butter based cosmetic products is adding momentum to the progression of this business vertical. Shea butter also aids in hair care as it is equipped with the ability to reduce hair fall, add luster and shine to the hairs, and protect the scalp from harmful environmental agents such as dirt and dust. This in turn has escalated the demand for shea butter-based hair products including oils, shampoos, and conditioners, among others. The increasing R&D investments in the field, rising appearance consciousness of the masses, and growing pollution levels are creating lucrative opportunities for this industry to prosper. Global Shea Butter Market- Key Trends
Rising prevalence of skin based disorders is fueling market growth
There has been an increasing pervasiveness of skin based disorders such as dry skin, eczema, acne, and rashes among the masses. This is mainly influenced by the rising pollution levels, unhealthy dietary habits, growing age, or genetic traits. Shea butter is enriched with Vitamin E, A, F, fatty, acids, carotene, and other beneficial components and therefore is highly effective in treating various skin based ailments. This in turn is stimulating the overall dynamics of this industry. Surging geriatric population base is accelerating industry development
The elderly population base is highly prone to a wide array of skin based disorders. Our skin starts to loose collagen and other vital components as we age. This in turn causes wrinkles, dry skin, fine lines, along with other signs of aging. Shea butter induced products help in building skin collagen and also nourishes the skin to make it smooth, soft, and shiny. These factors are adding traction to the growth of this market. Global Shea Butter Market- Segmentation Analysis
By type, the industry is bifurcated into raw and unrefined shea butter and refined shea butter. Based on application, the business vertical is split into cosmetics & personal care, food, medical, and others. By Type
Refined Shea Butter
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The Global Shea Butter Market size Is Anticipated to Rise at a CAGR of 7.60% Over the Forecast Period of 2022 To 2028,...

Market Highlights
Global Shea Butter Market is estimated to be valued at USD 1,048.2 Million by 2026, registering a CAGR of 5.40% during the forecast period. The declining production of cocoa beans and the escalating demand for cocoa butter alternatives are supporting the growth of the global shea butter market. Few other factors that have lowered the cocoa products include pests and diseases (that damages 30% of annual production globally), volatile raw material prices, competition from other crops, aging trees reducing productivity, etc. Hence, with the decreasing cocoa bean production, manufacturers are moving towards cocoa butter alternatives that generate higher revenue. North America accounts for the second-largest market for shea butter in 2019, and the trend is expected to continue during the review period. The US was the largest country-level market with a share of 79.15% in 2019. However, Canada is projected to exhibit a substantial growth rate during the study period. The growth of application industries such as food and beverages and personal care is a prominent determinant driving the market growth in North America. Surging demand for chocolate and baked products is boosting the sales of shea butter among Americans. Global Shea Butter Market is expected to register a notable growth rate during the forecast period. Manufacturers are opting for cocoa butter alternatives that are not only derived from natural ingredients but also draw greater margins and higher profits. Declining production of cocoa beans and the escalating demand for cocoa beans alternative support the growth of the global shea butter market. The potential demand for shea butter from various industries such as personal care, food & beverage, and pharma is another factor supporting the growth of the global shea butter market. The growing demand for natural ingredients products is expected to offer numerous profitable growth opportunities to the market players during the upcoming years. Furthermore, stringent regulatory frameworks imposed by certain countries/regions hinder the growth of the global shea butter market share. Segmental Analysis
Global Shea Butter Market has been segmented on the basis of Type, Category, Application, and Region. By type, the market has been divided into refined, unrefined/raw. The refined segment accounted for the largest market share in 2019. Refined shea butter is a high-quality butter and is gently processed with raw material. It is extracted using mechanical extraction, partly using solvents. In refined shea butter, fragrances, ingredients, and coloring are removed with a machine's help. As compared to unrefined shea butter, healthy vitamins and fatty acids are destroyed in refined shea butter. Based on the category, the market has been segmented into conventional and organic. The conventional segment accounted for a larger market share in 2019, and the organic segment is expected to register the highest CAGR during the forecast period. Based on application, the market has been segmented into food & beverages, personal care, and pharmaceuticals. The personal care segment is projected to be the fastest-growing segment during the review period. Food & beverages also play a significant role in the distribution of shea butter. However, the pharmaceuticals segment is projected to exhibit a lower growth rate during the review period. Regional Analysis
Geographically, the global shea butter market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe accounted for the dominant share of the global market in 2019, with the Rest of Europe being the major consumer of shea butter. Rising consumer inclination towards baked products and confectionery is expected to boost the Europe shea butter market during the forecast period. Moreover, it is expected to be the most lucrative regional market for shea butter manufacturers during the review period. The market in North America also accounted for a significant share in 2019. The US is a key contributor to the regional market growth. The Rest of the World is projected to exhibit a CAGR of 4.10% during the forecast period. Access Report Details @ https://www.marketresearchfuture.com/reports/shea-butter-market-6160
Key Players
Market Research Future recognizes BASF SE (Germany), Bunge Ltd (US), Cargill, Incorporated (US), AAK AB (Sweden), Vink Chemicals GmbH & Co. KG (Germany), Sophim S.A (France), Ghana Nuts Company Limited (Ghana), Shea Radiance (US), The Organic Shea Butter Company (US), and The Savannah Fruits Company (Ghana) as the Key Players in the Global Shea Butter Market. Key Findings of the Study
Global Shea Butter Market is expected to register a growth rate of 5.40% from 2020 to 2026. The refined segment is estimated to register the highest growth rate during the forecast period. On the basis of application, the food & beverages segment is expected to hold a larger market share during the forecast period. NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. 1

Shea Butter Market Share, Growth rate and revenue forecast 2020-2027

In 2020, Programs To Support BIPOC Brands Proliferated. What Should Be Done Now?

Ellicott City woman provides local, global jobs while creating beauty products for Black women
Feb 01, 2021 at 5:00 AM
Funlayo Alabi believes that shea butter and its devotees — mostly Black women — will revolutionize the beauty industry where Black consumers already account for 86% of the ethnic beauty market, according to Neilsen, a global research company. The Ellicott City resident who owns Shea Radiance, a locally made globally sourced natural beauty brand, is well on her way to doing just that. She’s also creating more than a dozen jobs in the Baltimore region and offering a product that fills a niche for Black women, while employing women in West Africa. Advertisement
Alabi’s company, which launched in 2009 , has been a fixture at area farmers markets and in natural beauty boutiques. In November, she also launched a line of products to be sold exclusively at more than 200 Giant Food stores across Maryland, Delaware, D.C., and Virginia. Many traditional lotions and other skin products typically don’t work for Black consumers oftentimes leaving them with dry skin, Alabi said. As a result, Black people have been known to blend products, such as adding petroleum jelly to lotions, to create longer-lasting moisture for their skin. Advertisement
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“We have always had to be innovative. Black women have been the creators of products that we make in our own kitchens,” she said. “Because the market wasn’t serving us, I think Black women have brought great innovations to the beauty industry that helps us and others.”
Funlayo Alabi is founder of the natural beauty company Shea Radiance. Her products are now found In more than 200 Giant Food Stores. - Original Credit: C-Suite Photography (Lydia Carlisle / HANDOUT)
Alabi grew up using shea butter in her native Nigeria but was reintroduced to it in 2006when her mother sent her a large shipment for her two children. It immediately addressed Alabi’s and her boys’ dry skin concerns. “It gave us a glowing healthy appearance. When you find a product that has multiple purposes, it’s exciting,” said Alabi, who quit her information technology job to pursue her business. Alabi touts the power of shea butter as a “great substitute” for synthetic oils. “People are reading their ingredients [on other products.] They don’t like the fact that their moisture is coming from synthetic oils,” she explained. Advertisement
Dr. Nia Banks, a plastic surgeon and co-owner of Art of Balance Wellness Spa at The Ritz-Carlton Residents in Baltimore, also likes the benefits of shea butter. She uses the product and says that it is a natural oil that locks in moisturize while creating a barrier against free radicals that irritate the skin and causes eczema. Alabi says being able to offer her products at Giant makes it available to a wide range of consumers. “We were excited to bring these luxurious, premium quality products to the grocery market. This is a new wave rising,” she said. There is a demand from customers that they want these natural products — even when they are shopping at Giant.”
Giant became aware of Shea Radiance when Alabi sent the company samples of her product, according to Elizabeth Willey, category manager for Giant. “The most significant selling point for me was it’s a local brand with an excellent reputation and a full line of well recognizable items,” Willey said. “The product is also natural and organic, which is something our customers are looking for.”
Willey said she loves that Shea Radiance is both a minority and female owned business. “We’re also committed to fostering a diverse and inclusive network of suppliers, like Shea Radiance, that reflects the unique backgrounds and experiences of our Giant family, our customers, and our communities,” she said. Weekend Watch Newsletter
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Plan your weekend with our picks for the best events, restaurant and movie reviews, TV shows and more. Delivered every Thursday. Alabi’s company creates jobs on a local and global scale. In Maryland, she provides employment opportunities to 13 people, who make, distribute and promote 33 different types of products. Most of those employees work from her 3,000-square feet warehouse in Savage. Alabi said she also works directly with women in West Africa to source the raw shea butter, which is harvested from nuts from the indigenous Vitellaria paradoxa, or shea tree, and thus setting up a “women supply chain” of 60 shea butter processors and 6,000 shea nut pickers. Hamilton resident Shantell Roberts has been a faithful user of Shea Radiance for close to two years. “It’s a quality product,” she said, adding that she is partial to the black soap and whipped shea butter. “I swear by it — especially in the winter when my skin can get dry. It smells amazing and it works wonders.”
Roberts added: “It adds a bit more value that it does support a small Black female business.”
Alabi’s products range in price from $5.49 for a bar of soap to $10.99 for a tub of raw shea butter. Latest Newsmaker
Jan 26, 2021

Ellicott City woman provides local, global jobs while creating beauty products for Black women

Global Shea Alliance

CareFirst

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

Beauty & Personal Care

Seed

Shea Radiance offers natural skincare products in the beauty industry, focusing on hydration and nourishment for the skin. The company provides a selection of face care, body care, and hair care products that address skin texture and various skin concerns such as dryness and eczema. Shea Radiance serves the beauty and personal care market with its moisturizing collections. It is based in Columbia, Maryland.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
9/21/2015	Debt	$0.08M	Undisclosed Investors	$XXM	0 FY undefined	1
2/19/2014	Seed	$XXM	Subscribe to see more	$XXM	0 FY undefined	10

Date	9/21/2015	2/19/2014
Round	Debt	Seed
Amount	$0.08M	$XXM
Investors	Undisclosed Investors	Subscribe to see more
Valuation	$XXM	$XXM
Revenue	0 FY undefined	0 FY undefined
Sources	1	10

First funding	2/19/2014
Last Funding	2/19/2014
Investor	Conscious Venture Lab
Rounds	1 Seed
Board Seats
Type	Incubator/Accelerator
Location	Maryland

How VCs Use CB Insights

Professional Services

Platform Overview

Shea Radiance

Total Raised

Investors Count

Funding, Valuation & Revenue

Shea Radiance Investors