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Global Cosmetic Shea Butter Market To Reach US$ 2.1 Bn By 2031, Driven By Growing Demand For Natural And Anti-Aging Skincare | TMR Analysis
Wilmington, Delaware, Transparency Market Research Inc. –, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The global cosmetic shea butter market , once just a niche segment, has now garnered substantial attention. As of 2022, the market was valued at US$ 1.4 billion , and it is set on a promising trajectory with a projected growth rate of 4.9% CAGR from 2023 to 2031 . By the end of this forecast period, the market is expected to achieve an impressive valuation of US$ 2.1 billion .
Rise of Anti-Aging Solutions
One of the primary drivers behind this robust market growth is the burgeoning demand for anti-aging ingredients in cosmetic products. Anti-aging solutions target the reduction or prevention of visible signs of aging such as fine lines, wrinkles, and age spots. They often contain powerful ingredients designed to rejuvenate and revitalize the skin. Shea butter, renowned for its rich moisturizing and nourishing properties, has become a cornerstone in these formulations.
Consumers' desire to retain youthful skin is a major factor pushing the demand for anti-aging products. The modern obsession with beauty and youthfulness is not just a cultural trend but a global phenomenon. Social media platforms, with their ever-growing influence, have played a significant role in amplifying this trend. Beauty influencers and skincare enthusiasts regularly highlight the benefits of natural ingredients like shea butter , making them highly coveted in the cosmetic industry.
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Market Dynamics and Key Influencers
Several factors are shaping the landscape of the cosmetic shea butter market:
Key Companies-
Key players in the global cosmetic shea butter market segment - e.g., specialty fats market, shea butter market] include Cargill, Incorporated, Clariant AG, AAK AB, Olvea Group, Archer Daniels Midland Company, Bunge Limited, BASF SE, Croda International Plc, Ghana Nuts Company Ltd, Agrobotanicals, LLC, Sophim S.A., AOS Products Private Limited, The Savannah Fruits Company, Ojoba Collective, and The HallStar Company.
Recent Developments:
- 2022:
- Bunge Loders Croklaan launched Karibon, a 100% shea-based premium Cocoa Butter Equivalent (CBE), expanding shea butter applications beyond traditional cosmetics.
- 2021:
- Fuji Oil Group established the Responsible Shea Kernels Sourcing Policy, emphasizing sustainable and ethical sourcing practices within the shea butter supply chain.
- Ongoing:
- Companies like Isivuno Naturals and FirstSeed Organics in South Africa are focusing on producing high-quality, unrefined shea butter to cater to the growing demand for natural and organic ingredients in cosmetics.
Innovative Trends in the Market
As the market continues to evolve, several key trends are emerging that are likely to shape its future:
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Market Segmentation
- By Nature :
- Organic
- Conventional
- By Grade :
- Grade A (Unrefined)
- Grade B (Refined)
- Grade C (Highly Refined)
- By End-use :
- Lotions & Creams
- Lip Balms & Lipsticks
- Sun Care Products
- Soaps & Toiletries
- Cleansers
- Shampoos & Conditioners
- Others
- Regions Covered :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Future Outlook
Looking ahead, the cosmetic shea butter market is poised for significant growth. The increasing demand for anti-aging ingredients, coupled with the influence of social media beauty trends, will continue to drive market expansion. Companies are expected to invest heavily in product innovation, creating new formulations that harness the full potential of shea butter.
Furthermore, the emphasis on sustainable and ethical sourcing will likely become even more pronounced. Consumers are becoming more discerning about the origin of the ingredients in their skincare products, and companies that prioritize transparency and sustainability are likely to gain a competitive edge.
In conclusion, the cosmetic shea butter market is on an upward trajectory, fueled by the relentless pursuit of youthful beauty and the growing popularity of natural skincare ingredients. With a projected market value of US$ 2.1 billion by 2031 , the future looks bright for this versatile and much-loved ingredient.
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