Fior Markets launched a study titled “Cosmetic Shea Butter Market by Nature (Organic, Conventional), Grade (Grade A, Grade B, Grade C), End Use, Distribution Channel, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global cosmetic shea butter market is expected to grow from USD xx Million in 2017 to USD xx Million by 2025 at a CAGR of xx% during the forecast period from 2018-2025. High disposable income and rising consumer awareness are a key driving factors of the cosmetic shea butter market.
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Nature segment is divided into segments such as organic and conventional. The organic segment is dominating the market in 2017. The organic products are gaining importance due to rising health and beauty consciousness among consumers, and the growing importance of sustainability among product developers.
The grade segment includes Grade A, Grade B and Grade C. The Grade C segment is dominating the market in 2017. The grade C type of she butter is highly refined and extracted with solvents such as hexane, thus, attracting the manufactures to deploy it for further use.
The end use segment is classified into lotions & creams, lip balms & lipsticks, sun care products, soaps & toiletries, cleansers, shampoos & conditioners and others. The lip balms & lipsticks, lotions & creams and shampoos & conditioners segment is dominating the market in 2017. The composition is well suited for most cosmetic applications making it rapidly absorbable into the skin with excellent water-binding and emollient properties. Shea butter finds numerous applications in skin, hair and beauty products because of its properties.
The distribution channel segment includes hypermarket, supermarket, specialty stores, online stores, convenience stores and others. The online stores segment is growing at the highest CAGR in the forecast period. The online market is growing because of high marketing efforts accompanied by customer preference to compare wide range of products on various sites.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Middle East and Africa is dominating region because the Shea tree is found in the western and eastern regions of Africa, thereby expanding the Shea industry. High demand for shea butter produced in the region has also stimulated the market growth.
The major players of 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, The HallStar Company, Star Shea Ltd., All Pure Nature Ltd. Lovinah Naturals Shea Radiance, Jedwards International, Inc., MaisonKariteSociedadLimitada, Vink Chemicals Gmbh& Co. Kg, Shebu Industries, Shea Therapy Ltd, and The Pure Company and others.
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