Shea Butter Market Technology Progress, Business Opportunities and Analysis by 2026

Market Analysis: Global Shea Butter Market

Shea butter market

Market Definition: Global Shea Butter Market

Shea butter is a type of vegetable fat extracted from the nut of an African tree. It is widely used as a beauty product in cosmetics industry for skin and hair related products, in lip gloss, skin lotions, hair conditioners etc. It acts as an incredible skin moisturiser. It has a high content of vitamins and fatty acids, which are deemed fit for smoothening, soothing and moisturising the skin. Shea butter is also used in food preparation as an alternative to animal butter and vegetable oil. It also extensively used as an alternative to cocoa butter, in making of chocolates and confectionaries.

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Market Drivers:

The rising prices of cocoa butter compel manufacturers to use shea butter as an alternative to cocoa butter in chocolates and confectionaries

Shea butters increased applicability in bakery products and in the food industry

Shea butter is extensively used in the cosmetics industry, manufacturers are introducing new and innovative products into the market containing shea butter

The growing awareness of the benefits of using shea butter

The increasing ageing population, leads to an increased demand for anti-ageing products which contain shea butter


Market Restraints:

Large variety of substitutes to shea butter are available in the market, such as mango butter, shea oil, avocado butter, and cocoa butter which can restrain its growth

The level of industry organisation is still lagging and there are not set standards or the quality of the product which restrains the growth of this market


Segmentation: Global Shea Butter Market

By Distribution Channel

Specialty Stores

Online Stores

Supermarket

Convenience Stores

Hypermarket

Others


By End User


Pharmaceuticals & Medical

Cosmetics & Personal Care

Lotions & Creams

Lip Balm & Lipsticks

Sun Care Products

Soaps & Toiletries

Cleaners

Shampoo & Conditioners

Others


Food Processing

Bakery

Chocolate & Confectionery

Ice Cream

Others


Retail

Others



By Grade

Grade A (Unrefined)

Grade B (Refined)

Grade C (Highly Refined)

Grade D

Grade E


By Nature

Organic

Conventional


By Species

Vitellaria Nilotica

Vitellaria Paradoxa


By Certification

Certified

Uncertified


By Geography

North America

U.S.

Canada

Mexico


South America

Brazil

Argentina

Rest of South America


Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe


Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific


Middle East and Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa



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Key Developments in the Market:

In March 2018, Bunge Limited has completed its acquisition of IOI Loders Croklaan. With this, Bunge is expected to become a global leader in business-to-business consumers in the food processing industry for bakery, chocolates, confectionary, nutrition and food service segments. This acquisition would merge Bunge’s existing edible oils portfolio with Loader’s speciality products from tropical feedstock like shea butter, palm, coconut and several others.

In November 2017, Sundial was acquired by Unilver. Sundial Brands is one of the largest personal care products company, with brands which use shea butter as their main ingredient in the manufacturing of their products. With this acquisition, Unilever would continue to grow its business and would cater to the use of shea butter in their products. This acquisition would thus enhance the use of shea butter by global leading brands, and would further lead to the global growth of shea butter market.


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Competitive Analysis: Global Shea Butter Market

Global shea butter market

Key Market Competitors: Global Shea Butter Market

Few of the major competitors currently working in the shea butter market are Empower Village LLC., J.A.M. Distributing Company, Bulk Apothecary, Pameri Organic Malaysia Sdn Bhd, Vermont Soap, Baraka Shea Butter, Maison Karite, Vink Chemicals GmbH & Co. KG, savannahfruits.com, Cargill, Incorporated, Clariant, Aos Product Pvt. Ltd., Timiniya Tumna Company, Jedwards International, Inc., shebuindustriesltd.com, Akoma Cooperative Multipurpose Society, Ghana Nuts Company Limited, Aethon-International, The Organic Shea Butter Company amongst others.

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