Asia Pacific Shea Butter Market is predicted to grow at a CAGR of 8.53% from 2024 to 2029 and the market size is expected to be valued at USD 0.53 billion by 2029 from USD 0.35 billion in 2024.
Shea butter is extracted from the fruit of Katie's tree i.e. Shea nut. This tree is a native of Africa and possesses healing properties. It is mainly used for the production of Shea butter. Shea butter has tremendous skin care, healing, and medicinal properties which marks its demand in the market by various industries. It is widely used as a substitute for cocoa and palm oil due to its low-fat content. Various factors driving market demand are the continuous rising demand for cocoa equivalent products due to rising chocolate consumption by the world population. A rise in the demand for natural products-based cosmetics and SkinCare products is becoming another market driver for Shea butter. There has been a rise in consumer awareness for hydrogenated oils containing trans fat which further drives the market. Factors restraining market growth include Shea butter cost, which is higher than that of the substitute products palm oil and Olive Oil, used in soap and other skin care products.
unrefined
refined Shea butter
Unrefined Shea butter accounts for a major share of the market.
cosmetics
personal care
food
There has been a rise in the demand for Shea butter in the cosmetic industry due to its inflammatory, skin care, and moisturizing properties.
China
India
Japan
Australia
South Korea
Asia Pacific is a major market due to the increasing population and rise in disposable income.
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