North America Shea Butter Market Research Report – Segmented Based on Type, Application, and Country (The U.S., Canada and Rest of North America) – Analysis on Size, Share, Trends, & Growth Forecast (2025 to 2033)

Updated On: June, 2024
ID: 8062
Pages: 145

North America Shea Butter Market Size

The shea butter market in North America was valued at USD 520.32 million in 2024, and the North America market size is estimated to grow at a CAGR of 6.02% from 2025 to 2033, and the North American market size is anticipated to be worth USD 880.56 million by 2033 from USD 551.64 million in 2025.

North America shea butter market anticipated to reach USD 880.56 million by 2033

MARKET OVERVIEW

Shea butter is extracted from the fruit of the Karite tree, i.e., shea nuts. This tree is a native of Africa and possesses healing properties. It is mainly used to produce Shea butter. Shea butter has tremendous skin care, healing, and medicinal properties, making iitdein mand in the market by various industries. It is widely used as a substitute for cocoa and palm oil due to its low fat content. Shea butter is a seed fat extracted from the nuts of the shea tree. Shea butter works for healthy skin and is used in the Food & beverage industry. Shea butter has soothing and anti-aging properties, which drive the shea butter market in the personal care industry. Shea butter is most widely used in the manufacturing of chocolate and confectionery products. Shea butter can be used as a replacement for cocoa butter if it is processed. Many chocolate manufacturers use shea butter as an alternative to cocoa butter, as it costs less.

The continuously rising demand for cocoa equivalent products and growing chocolate consumption by the population of North American countries are majorly propelling the growth of the shea butter market in North America. A rise in the demand for natural products based on cosmetics and skin care products is becoming another market driver for Shea butter. There has been a rise in consumer awareness of hydrogenated oils containing trans-fat, which further drives the market. Factors restraining market growth include Shea butter cost, which is higher than the substitute products, palm oil and olive oil, used in soap and other skin care products.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2024 to 2033

Base Year

2024

Forecast Period

2025 to 2033

CAGR

6.02%

Segments Covered

By Type, Application, and Region

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Countries Covered

United States, Canada & Mexico

Market Leaders Profiled

hea Ltd., Bread For Life, All Pure Nature Ltd., Shea Radiance, VINK CHEMICALS GMBH & CO. KG., Jedwards International, Inc., Lovinah Naturals, Maison Karite, Sociedad Limitada, Shebu Industries, and others

 

REGIONAL ANALYSIS

North America dominated the shea butter market in 2024. Shea butter is in high demand in North America due to its moisturizing and emollient properties. The U.S holds the highest share of the North American market. According to the U.S. Trade Commission, around 90% of the demand for shea butter was from chocolate and confectionery products. The increasing demand for premium chocolates in developed countries has enhanced the market value. Due to its soothing and anti-aging properties, which also act as an emollient, it drove the demand for shea butter in the cosmetic industry. The increasing demand for natural origin products among people was boosting the market value. Due to the high price of the cocoa butter, shea butter was replaced in the confectionery items. As the U.S was a prominent player in the Food & beverage industry, the market value for shea butter was higher in the United States.

North America dominated the shea butter market in 2024, shea butter is in high demand in North America

The shea butter market in Canada is projected to showcase prominent growth during the forecast period due to the increasing disposable income that makes them prefer organic products, though they are available at a premium price. People are aware of the composition of the products, and they prefer natural ingredients to artificial and chemical additives and preservatives. Due to the growing demand for cosmetic products, the demand for products that offer healthy skin is increasing, and this is contributing to the Canadian market growth. The increased consumption of chocolates in Canada and the U.S. significantly boosted the Canadian market growth. People are giving importance to products that are manufactured naturally, sourced ethically, and are environmentally friendly.

KEY MARKET PLAYERS

Companies such as Star Shea Ltd., Bread For Life, All Pure Nature Ltd., Shea Radiance, VINK CHEMICALS GMBH & CO. KG., Jedwards International, Inc., Lovinah Naturals, Maison Karite, Sociedad Limitada, Shebu Industries, Shea Therapy Ltd (formerly trading as AGC Ltd), and The Pure Company are playing a noteworthy role in the North American shea butter market.

MARKET SEGMENTATION

This research report on the North American shea butter market has been segmented and sub-segmented into the following categories.

By Type

  • Unrefined
  • Refined

By Application

  • Cosmetics
  • Personal Care
  • Food
  • Medicinal

By Country

  • The U.S.
  • Canada
  • Mexico
  • Rest of North America

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Frequently Asked Questions

What are the key trends influencing the shea butter market in the North American region?

The increasing demand for natural and organic skincare products, coupled with rising awareness of the benefits of shea butter, is a notable trend shaping the North American market.

What is the forecasted growth rate for the North American shea butter market in the next five years?

The North American shea butter market is projected to grow at a CAGR of 6.02% from 2023 to 2028.

How has the COVID-19 pandemic affected the shea butter market in North America?

The pandemic has led to disruptions in the supply chain and a temporary decline in consumer spending, impacting the shea butter market. However, the market has shown resilience, with recovery expected in the forecast period.

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