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Report Overview

The global shea butter market size reached approximately USD 2.22 Billion in 2025. The market is estimated to grow at a CAGR of 8.60% in the forecast period of 2026-2035, reaching a value of around USD 5.07 Billion by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Compound Annual Growth Rate

8.6%

Value in USD Billion

2026-2035


*this image is indicative*

Global Shea Butter Market Report Summary Description Value
Base Year USD Billion 2025
Historical Period USD Billion 2019-2025
Forecast Period USD Billion 2026-2035
Market Size 2025 USD Billion 2.22
Market Size 2035 USD Billion 5.07
CAGR 2019-2025 Percentage XX%
CAGR 2026-2035 Percentage 8.60%
CAGR 2026-2035 - Market by Region Asia Pacific 9.9%
CAGR 2026-2035 - Market by Country India 11.4%
CAGR 2026-2035 - Market by Country China 9.5%
CAGR 2026-2035 - Market by Type Refined 9.6%
CAGR 2026-2035 - Market by Application Cosmetics and Personal Care 9.8%
Market Share by Country 2025 Japan 4.1%

Key Trends in the Market

Shea butter is a fatty substance that is extracted from the nuts of the shea tree and mostly finds usage in the cosmetic and personal care sector. It has an off-white or ivory colour and is rich in vitamins and fatty acids, which makes it good for the skin.

  • Growing demand for organic and natural shea butter products, which are composed of naturally occurring ingredients and do not contain any harmful chemicals or toxins, is one of the prominent shea butter market trends.
  • The burgeoning popularity of shea butter in bakery products such as bread, cakes, pastries, and cookies, among others, to provide them with a smooth and creamy texture and offer a healthier alternative to conventional butter is another trend aiding the market expansion.
  • Shea butter also finds applications in hair care products such as shampoo, conditioners, and hair masks as its moisturising nature makes it suitable for the prevention of dryness, roughness, and split ends in hair.
  • Strategic initiatives by several market players such as responsible sourcing of shea kernel by minimising deforestation and promoting sustainability also contribute to shea butter market growth.

Market Segmentation

"Global Shea Butter Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Raw and Unrefined
  • Refined

Market Breakup by Application

  • Food
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Share by Application

The cosmetics and personal care sector occupies a significant portion of the shea butter market share, due to the growing incorporation of the product in lotions, creams, soaps, and cosmetic items as a moisturising agent. It can also be used as an anti-inflammatory agent in skincare products to provide relief from inflammation and irritation.

Meanwhile, the food sector is expected to witness robust growth in the upcoming years, owing to the rising usage of shea butter in chocolates and other confectionary products to enhance their texture.

Market Share by Region

As per the shea butter market analysis, Europe accounts for a substantial share of the global market, owing to the widespread usage of shea butter in end-use sectors such as food and beverages and cosmetics. With the advent of the clean beauty trend in the region, several regional market players are offering naturally sourced shea butter free of toxic substances.

Subsequently, the Asia Pacific is expected to gain sizeable growth in the forecast period, due to the growing penetration of high-quality skincare products.

CAGR 2026-2035 - Market by Country
India 11.4%
China 9.5%
UK 7.9%
USA 7.7%
Italy 6.0%
Canada XX%
Germany XX%
France XX%
Japan 5.9%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Competitive Landscape

Fuji Oil Holdings Inc.

Fuji Oil Holdings Inc., founded in 1950, is a holding company of Fuji Group, headquartered in Osaka, Japan. Some of its major products include vegetable oil and fats, soy-based ingredients, fermented ingredients, and industrial chocolate.

3F Industries Limited

3F Industries Limited, established in 1960 and based in Andhra Pradesh, India, is a major provider of edible oils, speciality fats, and bakery fats. Some of its major brands include Supra Lite, Supra Crème, Supra Magic, and Ezyfry, among others.

BASF SE

BASF SE is a multinational chemical company that was incorporated in 1865 as Badische Anilin- und Sodafabrik. The company, with its headquarters in Ludwigshafen, Germany, aims to achieve net-zero emissions by expanding its sustainable product line.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other shea butter market players include OLVEA Vegetable Oils SAS, Cargill, Incorporated, Croda International Plc, Ghana Nuts Company Ltd., Sophim Iberia S.L., AAK AB, and Bunge Limited, among others.

Shea Butter Market Report Snapshots

Shea Butter Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2025, the market reached an approximate value of USD 2.22 Billion.

The market is projected to grow at a CAGR of 8.60% between 2026 and 2035.

The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 5.07 Billion by 2035.

The major market drivers are the growth of the cosmetic sector, the rise in disposable income, and the increased implementation of shea butter as an alternative to edible oil.

The key trends of the market include growing demand for organic and natural skincare products, the burgeoning popularity of shea butter in bakery products, and growing applications of shea butter in hair care products.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Different types of shea butter are raw and refined and refined.

The key players in the market are Fuji Oil Holdings Inc., 3F Industries Limited, BASF SE, OLVEA Vegetable Oils SAS, Cargill, Incorporated, Croda International Plc, Ghana Nuts Company Ltd., Sophim Iberia S.L., AAK AB, and Bunge Limited, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Raw and Unrefined
  • Refined
Breakup by Application
  • Food
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Fuji Oil Holdings Inc. 
  • 3F Industries Limited 
  • BASF SE 
  • OLVEA Vegetable Oils SAS 
  • Cargill, Incorporated 
  • Croda International Plc 
  • Ghana Nuts Company Ltd. 
  • Sophim Iberia S.L. 
  • AAK AB  
  • Bunge Limited 
  • Others

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