The shea butter market will observe substantial demand in coming years. Shea butter offers endless skin benefits and is widely used in several skin and hair care products like lotions, hair balms, soaps, creams, etc. It binds moisture to the epidermis, protects the skin from weather influences, and helps in skin generation. The presence of natural antioxidants in shea butter like vitamin E, beta-carotene, vitamin A, etc., protects the skin from free radicals responsible for aging.
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The shea butter market is expected to hold an approximate valuation of $3 Bn by 2027, according to Global Market Insights, Inc.
The shea butter market to grow rapidly due to the rapid expansion of the makeup industry driven by revving modernization and inflating disposable incomes. Proliferating trends pertaining to the comfort and luxury offered by body butters will have an impact on the demand for shea butter, in tandem with the increasing requirement for organic skin and hair care products.
The shea butter market to grow rapidly over the analysis period due to escalating use of the product in high-end cosmetics and organic skincare in addition to the food sector. The monosaturated fats present in raw shea butter offer exceptional health benefits. According to the American Heart Association, the consumption of unrefined shea butter supports the development and maintenance of cells in the body and can reduce LDL cholesterol levels. It is widely used in the food industry as an alternative to cocoa butter due to its health benefits and rising popularity among the vegan population.
The global shea butter market is anticipated to gain appreciable momentum between 2021 and 2027. Widespread product application across cosmetics, pharmaceuticals, medicines, and the food industry will foster the demand for shea butter during the projected timeframe. Lately, the popularity dairy alternatives or plant-based products among the vegan population has increased more than ever. Rising demand for alternative dairy products coupled with several therapeutic uses of shea butter will push the market outlook in the forthcoming years.
Some of the promising players of the shea butter market include International Oils & Fats Limited, BASF SE, AAK AB, OLVEA, Croda International, Bunge Limited, Akoma International Ltd, The Savannah Fruits Company, Agrobotanicals LLC, Ghana Nuts Company Limited, Cargill Incorporated, SOPHIM, and Clariant.
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It is also used as a substitute for cocoa butter in baking fats in the food industry. Research claims that a diet with shea butter can effectively reduce cholesterol levels in healthy adults and help prevent coronary artery disease. Escalating product application in soap making and construction industry to protect the house walls against rain will augment the shea butter market forecast in the times to come.
Pure shea butter acts as an excellent body moisturizer, prevents dehydration, offers sun protection, and is known for its anti-aging benefits, making it an ideal ingredient in cosmetics and other skin and hair care products. The anti-inflammatory properties of shea butter are effective against eczema and other skin diseases like psoriasis and neurodermatitis. Clinical studies claim the nasal application of shea butter is found more effective against cold than conventional nasal drops.
New product innovations in the personal care industry are bound to increase the demand for shea butter in the years ahead. Recently, in January 2022, Osea launched Osea Undaria Algae Body Butter blended with the goodness of undaria seaweed, shea butter, and ceramides that offer advanced skin protection.
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