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Shea butter market to grow at 10.5%

According to a new report by Global Market Insights, the global shea butter market size is anticipated to reach $2.9 billion by 2025, with a 10.5% compound annual growth rate

According to a new report by Global Market Insights, the global shea butter market size is anticipated to reach $2.9 billion by 2025, with a 10.5% compound annual growth rate. While shea butter is also widely used in food, this growth will owe much to personal care demand, particularly in the Asia-Pacific (APAC) region.

Efforts by cosmetic manufacturers “to develop innovative, targeted cosmetic solutions for people belonging to different age groups” will support the use of shea butter, GMI said. “Superior melting properties, therapeutic features and smooth spreadability will make it an excellent choice for cosmetic items.”

A restraining factor will be easy access to cheaper substitutes, such as mango butter, shea oil and avocado butter. In addition, the high latex content of shea butter may cause skin allergies among people with sensitive skin. Leading producers include AAK, Olvea, International Oils & Fats, Ghana Nuts and Cargill.

 

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Upcoming Events

in-cosmetics Formulation Summit

Leonardo Royal Hotel, London
29 - 30 November

SCC 75th Annual Scientific Meeting & Showcase

Sheraton NY Times Square (New York)
13-15 December 2021

in-cosmetics Global 2022 - Paris

1 Pl. de la Porte de Versailles, Paris
5 - 7 April 2022

32nd IFSCC Congress

Park Plaza Hotel, Westminster
19-22 September 2022

in-cosmetics Asia 2022

BITEC Bangkok, Thailand
1 - 3 November 2022

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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