Shea Butter Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Shea Butter is an extracted substance that is a triglyceride-containing vegetable oil or fat. It is a substance that is taken from the nut of Vitellaria paradoxa and is ivory or off-white in colour (African Shea tree). Shea butter is a sustainable source of dietary fat and is utilised in the cosmetics and chocolate industries as a plant-based source of stearic acid. The Food and Drug Administration (FDA) reports that in 2015, sales of natural cosmetics increased 6% in Europe and 7% in North America, respectively, compared to a 2.5% increase in natural cosmetic sales worldwide. United States Agency for International Development claims (USAID).

Shea Butter Market  use as a cocoa butter alternative in the chocolate business is the main factor driving the market. The Shea tree's roots, stems, leaves, fruits, and bark are among the parts that are used to cure a variety of illnesses and infections, including wound infections, dysentery, skin conditions, diarrhoea, and gastrointestinal tract infections. Shea Butter Market is used to cure small bone dislocations as well as leprosy, rheumatism, coughing, and inflammation of the nose and nostrils. To make soap, margarine, candles, detergent, and other products, shea butter is a necessary raw material. Clay or mud walls are tarnished by the inferior butter and its by-products from the processed nuts, which serves as a waterproofing agent.

Shea Butter Market is also utilised by pregnant African women for healing after circumcision, which speeds up the healing process and prevents stretch marks. Global Shea Alliance (GSA) claims that up until 2014, there were no reports made about the use of shea butter or its harvest. Shea butter is anticipated to grow significantly due to its use in traditional medicine, soap-making, and cosmetics in rural regions, according to the National Center for Biotechnology Information (NCBI). Due to its abundance in food nutrients, which are used in the chocolate, confectionery, and margarine industries in Europe and Asia Pacific, it is also anticipated to grow in popularity on worldwide markets.

Key Players

Star Shea Ltd., Bread For Life, 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 are some of the leading competitors in the shea butter market.