With myriad use of shea butter mainly in the food and cosmeceuticals sector, shea butter market is predicted to rise at a stellar pace in the forecast period between 2018 and 2028, says Transparency Market Research (TMR) in one of its recent market publications.
Shea butter is considered a super ingredient for modern cosmetic and
personal care products accounting for mammoth growth of shea
butter market, says a TMR analyst. Obtained from the kernels of the
shea fruit, shea butter finds wide use for health and beauty products such as
skin soothing and healing products.
Furthermore, vast rise in demand for naturally sourced cosmetic products
is another key factor providing fillip to the shea butter market. Individuals
today prefer all-natural cosmetic products witnessing long-term ill-effects of
chemical based cosmetics. All-natural cosmetic products such as the ones of
shea butter are mostly suitable for all skin types and have practically zero
side effects on the skin. For such reasons, shea butter cosmetics are finding
way in beauty kits of men and women despite their high costs. This is a key
factor driving the shea butter market.
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Substituting Cocoa for Bakery Products, Food Sector
to display accentuated Share
The food industry is another key end user of shea butter. Shea butter
finds use in bakery products wherein it is mainly used as a substitute of
vegetable oils for chocolates and confectioneries. Besides this, shea butter is
increasingly finding use as a substitute of cocoa. Such expanding use of shea
butter is translating into growth for shea butter market.
In the pharmaceutical sector, shea butter finds use as a base ingredient
for pharmaceutical formulations. Availability of shea butter in various grades
is another key factor for its expanded use. Collectively, this bolsters growth
of shea butter market.
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Finding extensive applications across prosperous end-use industries,
demand for shea butter is set to continue to grow. This validates growth of
shea butter market at 5.2% between 2018 and 2028, adds the TMR report.
The shea butter market is classified with respect to nature, grade, end
use, and region. By end use, key segments of the shea butter market are food
processing, pharmaceuticals, cosmetics and personal care, and retail. Among
them, cosmetics and personal care segment commands share in the overall shea
butter market. Cosmetics and personal care held a whopping 52.9% of the shea
butter market in 2018, says the TMR report. Vast use of shea butter in cosmetic
and personal care products is due to high composition of palmitic acid, stearic
acid, and arachidnic non saponifiable fatty acids that impart skin smoothening,
moisturizing, and anti-inflammatory properties.
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Powered by Spending in the U.S., North America
remains at fore
North America displays substantial demand for shea butter via cosmetic
and personal care products. High spending capacity of individuals and fancy for
naturally sourced personal care products makes the U.S a key consumer of shea
butter. This fuels growth of North America shea butter market.
Meanwhile, Asia Pacific is emerging as a key consumer of shea butter.
Vast rise in disposable income and increasing spending on beauty products to
stay competitive at all fronts is resulting in proliferation of demand for shea
butter in developing countries.
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