Shea Butter (Butyrospermum Parkii) Market
Shea Butter (Butyrospermum Parkii) Market Size, Share & Trends Analysis Report by Type (Raw & Unrefined Shea Butter and Refined Shea Butter), and by Application (Cosmetics Industry, Medicine Industry, and Food Industry) Forecast Period (2024-2031)
Shea Butter (Butyrospermum Parkii) market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). It soothes eczema and dermatitis, forming a protective barrier against moisture loss while nourishing and repairing the skin. Thus, the benefits of shea butter is contributing significantly to the market growth. Additionally, the increasing number of beauty-conscious consumers is leading to market growth. The applications of the products in various sectors such as food processing, cosmetics, and pharmaceuticals are also driving the market growth.
Market Dynamics
Growing demand for Natural Ingredients
The growing awareness about the use of natural and clean products owing to their health benefits is driving the market growth. Also, rising sustainability and environmental concerns are contributing towards market growth. An increase in the attractiveness of unprocessed items, driven by cultural heritage, influence of social media, and wellness trends, are other market drivers.
Rising Health Benefits of Shea Butter
Shea butter contains extraordinary medicinal characteristics that make it the best selection for curing skin disorders such as eczema, psoriasis, or dermatitis. Inflammation-induced shea butter smoothens swollen skin and thus acts as an irritant relief. Furthermore, shea butter has both moisturizing and conditioning characteristics that enable it to avoid cracking while moisturizing dry skin, hence promoting healing. Shea butter neutralizes free radicals, promotes skin regeneration, and minimizes scars and blemishes by utilizing its antioxidant properties. Its anti-inflammatory potential is seen in ailments such as arthritis while its antioxidative potential alleviates symptoms such as fatigue or pain in muscles due to exercise.
Market Segmentation
Our in-depth analysis of the global shea butter (butyrospermum parkii) market includes the following segments by type and application.
- Based on type, the market is bifurcated into raw & unrefined shea butter and refined shea butter.
- Based on application, the market is sub-segmented into the cosmetics industry, medicine industry, and food industry
Raw & Unrefined Shea Butter Segment to Hold a Considerable Market Share
Raw and unrefined shea butter is a popular choice among consumers who prefer natural and organic skincare products. It retains natural nutrients, has a thick texture, and moisturizing abilities, making it ideal for products targeting dry or sensitive skin. It is also used in other cosmetic formulations and hair care. It appeals to consumers seeking authentic, eco-friendly, and skin-friendly alternatives in their beauty routines, owing to its natural origin and minimal processing. Raw and unrefined shea butter is versatile and can be used in hair care, lip balms, soaps, and other personal care products.
Regional Outlook
The global shea butter (Butyrospermum Parkii) market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific is Expected to Grow Rapidly
The Asia Pacific Butyrospermum Parkii market is experiencing substantial growth, driven by several factors. Rising disposable incomes and increasing health awareness in China are fueling demand for natural skincare products. In Japan and South Korea, there is a growing trend towards incorporating natural and traditional ingredients such as Butyrospermum Parkii into skincare formulations. In India, consumers embrace natural and organic skincare solutions, driven by a desire for safer and more sustainable products. Other countries in the region, such as Thailand, Indonesia, and Malaysia, are also emerging as key players in the market.
Global Shea Butter (Butyrospermum Parkii) Market Growth by Region 2024-2031
North America Holds Major Market Share
The Butyrospermum Parkii market in North America is thriving attributed to several factors, including a strong economy, an established consumer base, and a growing preference for clean beauty and natural skincare products. The region has numerous research institutions dedicated to studying skincare ingredients, supporting the development of advanced products with improved efficacy. The US is a major driver due to its large population, strong economy, and consumer preference for natural skincare products. Canada also contributes significantly to the market, with a growing demand for natural solutions.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global shea butter (Butyrospermum Parkii) market include Cargill, Inc., The Savannah Fruits Co., Vink Chemicals GmbH & Co. KG, BASF Personal Care and Nutrition GmbH and Wilmar International Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global shea butter (Butyrospermum Parkii) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Cargill, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Wilmar International Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Key Strategy Analysis
4. Market Segmentation
4.1. Global Shea Butter (Butyrospermum Parkii) Market by Type
4.1.1. Raw and Unrefined Shea Butter
4.1.2. Refined Shea Butter
4.2. Global Shea Butter (Butyrospermum Parkii) Market by Application
4.2.1. Cosmetics Industry
4.2.2. Medicine Industry
4.2.3. Food Industry
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. AAK Personal Care
6.2. Akoma (GH) Ltd.
6.3. Archer Daniels Midland Co.
6.4. BASF Personal Care and Nutrition GmbH
6.5. Bunge Global SA
6.6. Clariant AG
6.7. Croda International Plc
6.8. Ghana Nuts Co. Ltd.
6.9. Hallstar Innovations Corp.
6.10. International Oils & Fats Limited
6.11. Olvea Group
6.12. Shebu WS (Rita Corp.)
6.13. SOPHIM
6.14. Jan Dekker
6.15. Pure Nuff Stuff Ltd.
6.16. The Savannah Fruits Co.
6.17. Timiniya Tuma Co. Ltd. (TT)
6.18. Vink Chemicals Gmbh & Co. KG
1. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL RAW AND UNREFINED SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL REFINED SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
5. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR COSMETICS INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR MEDICINE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR FOOD INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. NORTH AMERICAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
10. NORTH AMERICAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
11. NORTH AMERICAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
12. EUROPEAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
13. EUROPEAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
14. EUROPEAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
15. ASIA-PACIFIC SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. ASIA-PACIFIC SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
17. ASIA-PACIFIC SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
18. REST OF THE WORLD SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. REST OF THE WORLD SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
20. REST OF THE WORLD SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SHARE BY TYPE, 2023 VS 2031 (%)
2. GLOBAL RAW AND UNREFINED SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL REFINED SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
5. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR COSMETICS INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR MEDICINE INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) FOR FOOD INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. US SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
10. CANADA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
11. UK SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
12. FRANCE SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
13. GERMANY SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
14. ITALY SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
15. SPAIN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
16. REST OF EUROPE SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
17. INDIA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
18. CHINA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
19. JAPAN SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
20. SOUTH KOREA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
21. REST OF ASIA-PACIFIC SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
22. LATIN AMERICA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
23. MIDDLE EAST AND AFRICA SHEA BUTTER (BUTYROSPERMUM PARKII) MARKET SIZE, 2023-2031 ($ MILLION)
