- In 2023, AAK and Cargill have taken significant strides in promoting sustainable sourcing practices by investing in initiatives that empower shea nut-collecting communities in West Africa. Their focus is particularly on supporting women, helping them gain financial independence and improve their livelihoods. These programs aim to enhance the overall sustainability of shea sourcing while benefiting local communities economically and socially
- In June 2022, Samisha Organic, one of India’s prominent skincare brands, made headlines with the launch of four innovative products infused with nourishing ingredients such as shea butter, carrot seed oil, and almond oil. This launch highlights the increasing trend towards natural and organic skincare, reflecting consumer demand for products that not only enhance beauty but also provide skincare benefits through high-quality, natural ingredients
- In September 2021, Shea Radiance expanded its product line by launching six new body care items in 520 Whole Foods stores across Virginia, U.S. This move marks a significant step in increasing brand visibility and accessibility for consumers interested in premium, natural skincare products. The new offerings aim to cater to a growing market segment that prioritizes organic and ethically sourced ingredients in personal care
- In May 2021, Crafters Choice introduced a range of personal care products crafted with ultra-refined pure shea butter, including body lotion and soap. This launch reflects the brand’s commitment to quality and sustainability, catering to consumers who seek luxurious yet effective skincare solutions. By utilizing shea butter, known for its moisturizing properties, Crafters Choice positions itself within the growing trend of natural personal care products
- In September 2020, Bunge Loders Croklaan (BLC) unveiled its first fully automated shea processing plant in Africa, emphasizing its commitment to local sourcing. This state-of-the-art solvent fractionation plant is designed to process raw shea butter sourced from locally collected and crushed shea nuts, promoting sustainability and efficiency. The establishment of this facility signifies a strategic investment in the African shea industry, enhancing production capabilities and supporting local economies
- In December 2020, Bunge Loders Croklaan launched an innovative shea butter equivalent for chocolate ranges, expanding its product portfolio. This launch caters to the growing demand for alternatives that maintain the quality and flavor profile of chocolate while providing ethical sourcing benefits. By introducing this shea butter equivalent, BLC aims to meet the needs of manufacturers looking for sustainable ingredients without compromising on taste or texture
Frequently Asked Questions
The market is segmented based on Segmentation, By Grade (Grade A, Grade B, Grade C, Grade D, and Grade E), Nature (Organic and Conventional), Species (Vitellaria Nilotica and Vitellaria Paradoxa), Certification (Uncertified and Certified), End User (Pharmaceuticals and Medical, Cosmetics and Personal Care, Food Processing, Retail, and Others), Distribution Channel (Specialty Stores, Online Stores, Supermarket, Convenience Stores, Hypermarket, and Others) – Industry Trends and Forecast to 2031
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The Global Shea Butter Market size was valued at USD 98.99 USD Million in 2023.
The Global Shea Butter Market is projected to grow at a CAGR of 12.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
