Cosmetic Shea Butter Market
Cosmetic Shea Butter Market (Nature - Organic, Conventional; Grade - Grade A, Grade B, Grade C; End Use - Lotions & Creams, Lip Balms & Lipsticks, Sun Care Products, Soaps & Toiletries, Cleansers, Shampoos & Conditioners, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Cosmetic Shea Butter Market: Introduction
Shea butter is defined as the edible fat that is extracted from the shea kernels or shea nuts of Vitellaria paradoxa, commonly known as the shea tree. Shea butter has various industrial applications, such as in food processing, cosmetics, pharmaceuticals, and others. Cosmetic shea butter is used as an alternative to vegetable oil in various cosmetic and personal care products, due to the presence of rich fatty acids. Cosmetic shea butter is also known as butyrospermum parkii. However, it is referred to as 'vegetable oil' in international trading.
Cosmetic shea butter is composed of essential saturated and unsaturated fatty acids such as stearic acid, lauric acid, oleic acid, and myristic acid palmitic acid. These fatty acids present in cosmetic shea butter are used as opacifying agents and surfactants that help in replenishing the skin cells naturally. Along with emulsification with fatty acids, cosmetic shea butter is used as emollients in various cosmetic products, due to its smoothening properties for dry skin. As a key ingredient, cosmetic shea butter plays an important role in the global cosmetic industry.
Cosmetic Shea Butter: Market Outlook
The increasing use of cosmetic shea butter in developing an alternative ingredient for various cosmetic products, including lotions, creams, color cosmetics, soaps, and toiletries, has boosted its popularity among consumers over the past decade. A steady rise in the demand for organic and natural cosmetics has been observed, owing to increasing health and beauty consciousness among consumers, and the growing importance of sustainability among product developers. However, currently, very few chemical-free cosmetic products are available in the market. This is primarily attributed to the launch of new products with natural ingredients, such as cosmetic shea butter, which is anticipated to drive the growth of the global cosmetic shea butter market during the forecast period. In Europe, cosmetic shea butter is the most preferred surfactant and opacifying agent used in cosmetic products.
Cosmetic Shea Butter: Market Drivers
Growing Importance Regarding Skincare among Consumers Propelling the Cosmetic Shea Butter Market
Growing consciousness regarding attaining the perfect skin and body with the help of multi-benefit and nourishing products is boosting the market for cosmetic shea butter. Over the years, consumers have become more conscious about beauty and hygiene, thus preferring products such as cosmetic shea butter that has intrinsic value. Through continuous research and development, manufacturers are trying to capture the skincare industry with the introduction of new products containing shea butter, which is propelling the global cosmetic shea butter market.
Growing Demand for Cosmetic Shea Butter in Natural and Organic Cosmetics as an Enhanced Anti-Aging Ingredient
The up-gradation of specialized products such as anti-aging products, sunscreens, whitening creams, facial creams, and others are expected to bolster the demand for cosmetic shea butter in the near future. Since unrefined cosmetic shea butter is used as an anti-aging ingredient, it has huge demand among consumers. Companies that offer these specialized products have adopted a premium pricing strategy in order to target the premium class of consumers, which, in turn, boosts the value of the global cosmetic shea butter market.
Though the high pricing of these specialized products is restricting product acceptance among the medium-class population, increasing disposable income and increasing expenditure on personal care have supported the demand for these products in recent years.
Extensive Growth of Online Retailing Resulting in Increased Prominence of Cosmetic Shea Butter
Increasing product penetration of cosmetic shea butter through online retailing channels is one of the major factors driving the growth of the cosmetic shea butter market across the world. The sales of cosmetic shea butter through e-Commerce is further anticipated to witness significant increase over the forecast period, owing to the higher adoption of smartphones and increasing penetration of the Internet in various untapped markets around the world. Furthermore, online retailing is linked to the easy availability of a wide range of cosmetic shea butter products and the ability of customers to compare the prices of various products available in the market during an online search or through social networking platforms.
Noteworthy Development of Cosmetic Shea Butter through Sustainability
Since producing cosmetic shea butter is a major occupation of women in western Africa, it is often referred to as women’s gold, since it supports them as a major source of income. The regular practice of collecting shea nuts and producing cosmetic shea butter through traditional methods enhances sustainable development. This also educates rural women and children as a socio-economic activity, especially in western Africa, which enables the substantial promotion of cosmetic shea butter.
Surging Demand for Cosmetic Shea Butter in Color Cosmetic Products
The global players of color cosmetics are expanding their portfolios by acquiring domestic players and ingredient suppliers, and promoting their brands containing cosmetic shea butter through continued marketing campaigns and celebrity endorsements. The cosmetic shea butter industry has been witnessing various innovations and introduction of newer products by major players in the market.
Cosmetic Shea butter Market: Introduction
Shea butter is defined as the edible fat that is extracted from the shea kernels or shea nuts of Vitellaria paradoxa, commonly known as the shea tree. Shea butter has various industrial applications, such as in food processing, cosmetics, pharmaceuticals, and others. Cosmetic shea butter is used as an alternative to vegetable oil in various cosmetic and personal care products due to the presence of rich fatty acids.
The proposed market report of TMR on the global cosmetic shea butter market evaluates opportunities in the current scenario, and provides latest updates and detailed insights corresponding to different segments involved in the global cosmetic shea butter market during the forecast period 2018-2026. The cosmetic shea butter market report further indicates the estimated data for 2018, and forecast data up to 2026 in terms of value (US$ Mn) and volume (MT). In terms of value, the cosmetic shea butter market is anticipated to increase at a CAGR of 4.5% during the forecast period. The present study exhibits the market dynamics and trends of the cosmetic shea butter market in regions such as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The report includes market growth drivers and challenges for the global cosmetic shea butter market, and their impact on each region during the forecast period. The report also comprises the study of the drivers, restraints, threats, and opportunities for the cosmetic shea butter market to provide a substantial view. It also includes value chain analysis and opportunity analysis of the market.
Cosmetic Shea Butter Market: Report Description
The report explores the global cosmetic shea butter market for the period 2018-2026. The principal objective of the cosmetic shea butter market report is to provide insights into key developments in the market that are constantly supporting the transformation of global businesses that are associated with cosmetic shea butter. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to understand the better analysis and evaluation of the global cosmetic shea butter market, and to discover justifiable opportunities.
The unique key feature of this report is that, the evaluation of the global cosmetic shea butter market and its relative revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not considered while forecasting overall market value. Absolute dollar opportunity analysis is very crucial in evaluating the intensity of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global cosmetic shea butter market.
The cosmetic shea butter market report starts with an elaborate executive summary, and the market definition of various segmentations that are included and their respective shares in the cosmetic shea butter market. The report also provides insights regarding the major macroeconomic factors that have a significant effect on the growth of the cosmetic shea butter market. The market report further emphasizes the various dynamic factors that influence the cosmetic shea butter market, which include the drivers, restraints, opportunities, and trends in the global cosmetic shea butter market. The report further underlines the study of present issues with industrial processing, and opportunities for the cosmetic shea butter market. It also includes value chain analysis that provides a comprehensive view of the overall profitability from the raw material supplier to the final end user in the cosmetic shea butter market. In order to give users a clear view of the global cosmetic shea butter market, we have exhibited a competitive analysis of key market participants and their strategic developments. The competitive dashboard presents a detailed comparison of global manufacturers of cosmetic shea butter on vital parameters such as product portfolio, total revenue, key developments, and key strategies. The study presents the cosmetic shea butter market attractiveness analysis by nature, grade, end use, and region.
To analyze the overall market size of cosmetic shea butter, the report on the cosmetic shea butter market considers various preliminary aspects based on secondary research. Furthermore, it highlights quantitative estimation such as market share by nature, grade, end use, and region, and other qualitative data from primary respondents, which have been integrated to arrive at unambiguous and accurate market estimations. The forecast presented in the cosmetic shea butter market report arrives at the total revenue being generated, and the expected revenue contribution in the future by the global cosmetic shea butter market.
The detailed profiles of various companies that manufacture cosmetic shea butter are included in the report to evaluate their developmental strategies, product offerings, and recent developments, as they have a significant role in the cosmetic shea butter market. Major market players covered in the cosmetic shea butter market report 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, and others.
Cosmetic shea butter Market: Segmentation
The subsequent sections analyze the global cosmetic shea butter market on the basis of region, nature, grade, and end use,