Global cosmetic shea butter market is expected 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.
Market Overview:
Shea butter is defined as the edible fat which is extracted from the shea kernels or shea nuts of Vitellaria paradoxa, commonly known as the shea tree. It is ivory or off-white colored compound which is taken out from the nut of Vitellaria Paradoxa (African Shea tree). Shea butter is a viable source of edible fat and is used as a vegetal source of stearic acid in cosmetics and chocolate industry. It is widely in cosmetic products such as skin moisturizers, hair conditioners, and lip gloss. Besides this, shea butter is applicable in various industries such as food and healthcare. The process of extracting shea butter from nut involves various processes such as cracking, crushing, roasting, grinding, separating the oils and collecting and shaping.
Report Description:
- The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The cosmetic shea butter market is analysed on the basis of value (USD Million).
- The report provides the key data of Production (Kilotons), Consumption (Kilotons), Import & Export (Kilotons), Demand, Supply and Gap Analysis in order to understand the present and future scenario of the market.
- The study delivers a comprehensive analysis of global cosmetic shea butter market by nature, grade, distribution channel, end use and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the global cosmetic shea butter market. This report incorporates the industry analysis which is focused on providing an extensive view of the cosmetic shea butter market.
- The study also includes attractiveness analysis of nature, grade, distribution channel, end use and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the cosmetic shea butter market and a comparative analysis based on their business overviews, Resources offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
Market Dynamics:
Drivers:
- Increase in disposable income and rising consumer awareness are a key driving factors of the market.
- Rising consumption of cosmetics and chocolates is a key driving factor
- Surging requirement of sustainability among product developers.
- Changing social trends and attitudinal aspects of nation and the influence of media and fashion industry also have a substantial impact on the market
Restraints:
- Availability of alternatives, such as mango butter, shea oil, avocado butter, and cupuacu butter is anticipated to restrain the market growth.
- High prices associated with the products
Opportunities:
- Prospective growth opportunities found in telemedicine and surgery
Challenges:
- Skepticism, concerns of safety, stringent regulations and definition ambiguity of cosmeceuticals are some factor which might restrain the market growth.
Global Cosmetic Shea Butter Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The cosmetic shea butter market is segmented on the basis of end use, nature, grade and distribution channel.
- 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 shea 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.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Middle East and Africa region dominated the global cosmetic shea butter market in 2017 where as the Asia-Pacific region is growing rapidly in the market.
- 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.
- Asia-Pacific is anticipated to showcase a growth in the demand of global shea butter. Rising consumer awareness and increasing healthcare concern are the key factors which are expected to bolster the Asia-Pacific shea butter market.
Global Cosmetic Shea Butter Market Competitive Analysis:
Key players in the Cosmetic Shea Butter market are 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., Maison Karite Sociedad Limitada, Vink Chemicals Gmbh & Co. Kg, Shebu Industries, Shea Therapy Ltd, and The Pure Company and others. For instance, Ghana Nuts Limited (GNL), a leading agro processing company, set up a refinery in Tema to expand its export trade to European cosmetic companies. The 3000 metric ton facility is dedicated for refining soya-bean and shea crude.
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This study forecasts revenue growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global cosmetic shea butter market on the basis of below mentioned segments:
Global Cosmetic Shea Butter Market, By Nature:
- Conventional
- Organic
Global Cosmetic Shea Butter Market, By Grade:
- Grade A (Unrefined)
- Grade B (Refined)
- Grade C (Highly Refined)
Global Cosmetic Shea Butter Market, By End Use:
- Lotions & Creams
- Lip balm & Lipstick
- Sun Care
- Soaps & Toiletries
- Cleanser
- Shampoo & Conditioner
- Others
Global Cosmetic Shea Butter Market, By Distribution Channel:
- Hypermarket
- Supermarket
- Specialty Stores
- Online Stores
- Convenience Stores
- Others
Global Cosmetic Shea Butter Market, By Regions:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Sweden
- Netherlands
- U.K.
- Italy
- Spain
- Turkey
- Switzerland
- Belgium
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of the Middle East and Africa
