Latest News- Shea Butter Market: Unrefined is expected to lead the Product segment during 2025-2029

The Shea Butter Market is being driven by Increasing prevalence of lactose intolerance

The Shea Butter Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1065.2 million. The global shea butter market is experiencing significant growth, driven by the launch of innovative shea butter-infused products catering to diverse consumer demands. On January 30, 2024, SheaMoisture introduced a new line of deodorants specifically formulated for melanin-rich skin. This range includes six antiperspirants and two whole-body deodorants, all enriched with premium, fair-trade shea butter. These products provide up to 48-hour odor control, moisturization, and skincare benefits, addressing concerns such as uneven skin tone, dryness, and sensitivity. The formulation's combination of shea butter and other nourishing ingredients offers effective protection and enhanced care, tailored to the unique needs of melanin-rich skin. 

Get more information on Shea Butter Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Unrefined
  • Refined
• Application
  • Personal care
  • Food
  • Pharmaceuticals
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of lactose intolerance
• Rising demand for natural and organic products
• Empowering African women through capacity building

However, the market also witnesses some limitations, which are as follows:

• Regulatory requirements
• Heavy reliance on Africa for production
• Competition from alternative ingredients

Benefits of Buying Global Shea Butter Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Shea Butter Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Shea butter, a skin-nourishing vegetable oil, is at the forefront of various industries, including cosmetics, food, and bakery. In eco-friendly shea butter production, brands like Sundial ensure safety and economic empowerment. This versatile butter offers therapeutic benefits in skincare products, from moisturizers to shampoos, and in the culinary world, as a novel food ingredient in chocolates, ice cream, and baby food. Sustainable practices and truthful labeling are crucial, avoiding chemical additives and embracing organic skincare and culinary experiences. Shea butter's antioxidant properties, rich in vitamins A and potassium, make it a valuable addition to oils, cosmetics, and baked products. Coconut oil serves as a comparison, but shea butter's unique characteristics set it apart in the market.

Market Research Overview

The global personal care products market encompasses the production and R&D of various items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, polarized sunglasses, and shea butter. According to Technavio, market growth is attributed to the rise in disposable income, leading to increased consumer spending on luxury and wellness-related products. Shea butter, a natural skincare ingredient, benefits both hair and health. With growing consumer acceptance of natural ingredients, the demand for sustainable shea butter is escalating. Farming communities in Africa are key suppliers, and numerous recipes and uses further expand its market potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/