The Shea Butter Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Shea Butter Market?
The historical growth trend in the Shea Butter Global Market Report 2024 market reveals a strong increase in size. The market is set to expand from $2.14 billion in 2024 to $2.29 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Shea Butter Industry?
The Shea Butter Global Market is forecasted to reach a size of $3.02 billion in 2029, with a compound annual growth rate (CAGR) of 7.1%.
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What are the Key Growth Drivers Fueling the Shea Butter Market?
The key drivers in the shea butter market are:
• Expansion of the food industry and rising demand for plant-based ingredients
• Incorporation of shea butter in nutraceutical and functional foods, along with its increased use in hair care products
• Growth in e-commerce and online sales, coupled with the rising popularity of DIY beauty and skincare with shea
• Development of shea butter derivatives and technological advancements in shea processing, as well as its use in sustainable packaging.
Global Market Segmentation: Identifying Major Shea Butter Industry Segments
The shea butter market covered in this report is segmented –
1) By Product: Raw And Unrefined Shea Butter, Refined Shea Butter
2) By Nature: Organic, Conventional
3) By Application: Food Processing, Cosmetics And Personal Care, Pharmaceuticals, Other Applications
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What are the Emerging Trends Shaping the Future of the Shea Butter Market?
The key trends in the shea butter market are:
• Development and innovation of shea butter derivatives is a key emerging trend.
• Shea butter-infused textile and apparel's introduction indicates a new market trend.
• Technological improvements in shea processing are shaping the market's future.
• Utilization of Shea butter in sustainable packaging and increased collaboration for research and development in the shea industry are upcoming trend.
Who Are the Top Competitors & Leading Players in the Shea Butter Market?
The major players in the shea butter market are:
• BASF SE
• Bunge Limited
• Wilmar Africa Limited
• Clariant AG
• AAK AB
• Fuji Oil Holdings Inc
Regional Dominance: Which Area Leads the Global Shea Butter Market?
North America was the largest region in the shea butter market in 2024
