- Report
- Shea Butter Market
Shea Butter Market
Shea Butter Market By Nature (Organic, Conventional), Grade (Grade A or
Unrefined, Grade B or Refined, Grade C or Highly Refined, Grade D or Lowest
Uncontaminated Grade, Grade E with Contaminants), Application (Food Processing,
Cosmetics & Personal Care, Pharmaceuticals Industry) & Region - Forecast 2022 -
2032
Market Insights on Shea Butter covering sales outlook, demand forecast & up-to-date key trends
Shea Butter Market Outlook (2022-2032)
[350 Pages Report] The shea butter market is expected to value at US$ 2.6
Bn in 2022 and is projected to grow at a CAGR of 7.7% between 2022 and
2032, surpassing US$ 5.5 Bn by 2032. According to the study, the global shea
butter demand is projected to register year-on-year (Y-o-Y) growth of 8.2% in
2022.
Shea Butter Market Size Value in 2022
US$ 2.6 Bn
Shea Butter Market Forecast Value in 2032
US$ 5.5 Bn
Shea Butter Market Growth Rate (2022 to 2032)
~7.7% CAGR
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Forecast Period
2022-2032
Collective Value Share: Top 3 Countries (2021A)
42.4%
Shea butter is a natural product, derived from the nuts of shea tree, which is
used in food and cosmetics industry extensively. Apart from containing healthy
fats and micronutrients, the product is also a skin nourishing substance that can
be applied to the skin in pure form, or in mixed forms used in lotions, soaps,
shampoos, or creams.
2017-2021 Shea Butter Market Outlook Compared to 2022-2032
Forecast
Demand for shea butter grew at 5.1% CAGR between 2017 and 2021,
according to Future Market Insights (FMI). Shea butter can nourish the hair and
skin with several vitamins, such as vitamin A, E, F, and K.
Containing most of the fatty acids, the product is an effective moisturizer, which
also retains the elasticity of skin. It can be used as a barrier against harsh and
harmful elements or