시어버터 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the shea butter market size is projected to expand from USD 2.56 billion in 2025 and USD 2.76 billion in 2026 to USD 4.01 billion by 2031, registering a 7.76% CAGR between 2026 and 2031.

This report is Segmented by Ingredient Type (Raw/Unrefined, Refined, Fractionated), Application (Personal-Care and Cosmetics, Food and Beverage, Pharmaceuticals and Nutraceuticals, Industrial), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Tons).

Global Shea Butter Market Trends and Insights

Rising demand for clean-label, organic, and plant-based personal care ingredients

Consumer demand for clean-label, organic, and plant-based personal care ingredients is reshaping product development strategies, with shea butter emerging as a key component in skincare and haircare formulations. The growing preference for transparency and naturally derived ingredients is driving brands to replace synthetic chemicals with minimally processed alternatives like shea butter, which aligns with clean-label expectations. Its plant-based origin also supports the expanding vegan and cruelty-free beauty movement, making it a versatile ingredient across premium and mass-market product lines. Data from the National Sanitation Foundation in 2024 indicates that 74% of consumers prioritize organic ingredients in personal care products, underscoring the impact of consumer preferences on procurement and formulation decisions . This trend has led manufacturers to emphasize traceability and ethical sourcing, particularly from West African supply chains, where shea butter production is concentrated. Suppliers such as AAK AB and Ghana Nuts Company Limited are responding by enhancing their portfolios with certified organic and fair-trade shea butter to meet evolving market demands. Additionally, the convergence of clean beauty trends, sustainability requirements, and regulatory pressures is driving the adoption of multifunctional natural ingredients, with shea butter's moisturizing and skin barrier-repair properties offering added value. Indie and direct-to-consumer brands are further amplifying demand by leveraging clean-label claims as a competitive advantage, solidifying shea butter's role in the global personal care market.

GRAS/FDA approvals supporting broader food applications in the United States and European Union

Recent regulatory approvals in the United States and European Union are significantly influencing the adoption of shea butter in food manufacturing by addressing long-standing regulatory challenges. The U.S. FDA's Generally Recognized as Safe (GRAS) determinations for shea olein (GRN 850, 2020) and shea stearin (GRN 1116, 2024) have enabled their inclusion in products such as baked goods, confectionery coatings, and dairy alternatives, with usage levels permitted up to a minimum 10% of total fat content . This development aligns with the food industry's pursuit of cost-efficient and functionally comparable alternatives to cocoa butter, particularly in response to volatile cocoa prices and supply constraints. Similarly, the European Food Safety Authority's 2024 re-evaluation under Regulation (EC) No 258/97 has reaffirmed the safety of shea butter and extended its application to high-regulation categories, including infant formula and medical nutrition. These advancements are fostering confidence among manufacturers and driving investments in research and development for shea-based formulations across indulgent and functional food categories. Suppliers such as Bunge Loders Croklaan expanded their shea ingredient portfolios to meet growing demand, while regulatory alignment between the U.S. and EU is facilitating smoother cross-border trade and harmonizing standards for multinational producers. Enhanced traceability and quality assurance requirements are further encouraging standardized and compliant supply chains, positioning shea butter as a versatile and regulation-backed ingredient in the food industry.

Volatility in shea nut supply due to climatic and seasonal dependencies

The shea butter market faces significant challenges due to the volatility in shea nut supply, which is heavily influenced by climatic and seasonal factors. Production depends largely on wild-grown shea trees in West Africa, with limited potential for controlled cultivation. Irregular rainfall patterns, prolonged dry periods, and seasonal harvesting cycles directly impact nut yields, causing fluctuations in raw material availability and pricing. Policy disruptions further compound these issues, as demonstrated by Nigeria's extension of its one-year export ban through February 2027, announced in February 2026, which removed an estimated 350,000-500,000 tonnes of annual nut supply, nearly 40% of global output, as per the African Trade Chamber. This supply contraction has forced international buyers to seek alternative sources in countries like Ghana, Burkina Faso, and Cote d'Ivoire, where prior export restrictions in 2024-2025 had already tightened supply, creating additional procurement challenges. Manufacturers reliant on consistent volumes for large-scale food and personal care production are grappling with increased input cost volatility and supply chain uncertainty. Companies are diversifying sourcing strategies and forming origin-specific partnerships to address these challenges, though such transitions involve logistical complexities and time. B2B players like IOI Loders Croklaan are expanding multi-origin sourcing networks to mitigate regional risks, but the reliance on climate-sensitive and geographically concentrated production continues to limit the effectiveness of these strategies, impacting long-term pricing and inventory planning.

Other drivers and restraints analyzed in the detailed report include:

1. Growing consumer awareness of therapeutic and nutritional benefits
2. Increasing preference for sustainably sourced and fair-trade ingredients
3. Quality inconsistency and adulteration risks in unrefined supply chains

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Raw/unrefined shea butter accounted for the largest share of the market in 2025, contributing 58.13% of revenue. Its dominance is attributed to its traditional and artisanal usage base, which remains significant in premium natural and organic cosmetics. The high unsaponifiable content of raw shea butter, up to 17% compared to 3-5% in refined variants, supports claims of bioactivity and minimal processing, appealing to consumers seeking natural and organic formulations. At the same time, refined shea butter continues to serve mid-tier cosmetic and personal care brands that prioritize standardized color, odor, and fatty acid composition at a lower cost. This segment is particularly benefiting from rising demand in Asia-Pacific markets, where cost-effective formulations that meet baseline safety and efficacy standards are in high demand.

Fractionated shea butter derivatives, such as stearin and olein, are emerging as the fastest-growing segment, projected to expand at a CAGR of 8.44% from 2026 to 2031. Industrial buyers are increasingly shifting toward these derivatives due to their precise melting profiles, improved stability, and formulation consistency, which align with evolving application needs in food and cosmetics. Regulatory developments, such as AAK AB's GRAS approval (GRN 1116) for shea stearin in 2024, and product innovations like Bunge Limited's Coberine 206, which extends chocolate shelf life, are further accelerating this transition. These advancements position fractionated shea derivatives as scalable, high-performance solutions for industrial applications, while enabling targeted product development across diverse end-use categories.

Geography Analysis

Europe holds the largest share of the global shea butter market, accounting for 33.91% of demand in 2025. This dominance is attributed to stringent regulatory frameworks that prioritize traceability and sustainability. Policies such as the EU Deforestation Regulation and the Corporate Sustainability Due Diligence Directive, effective December 2024, mandate importers to ensure full supply chain transparency, including plot-level traceability and verification of deforestation-free sourcing. These measures align with growing consumer demand for ethical and environmentally responsible products, particularly in premium personal care and cosmetics. Germany, France, and the United Kingdom lead imports, driven by multinational cosmetic companies like L'Oreal, Beiersdorf, and Clarins, which rely on certified shea butter for high-quality formulations. Additionally, Italy and Spain are emerging as key players in shea-based food applications, leveraging regulatory approvals to incorporate shea stearin into confectionery and bakery products that meet clean-label standards. Conversely, Russia shows modest demand due to limited consumer awareness and lower penetration of premium natural personal care products.

The Asia-Pacific region is the fastest-growing market, projected to expand at a CAGR of 7.76% from 2026 to 2031. This growth is fueled by rising disposable incomes and increasing adoption of clean beauty and functional ingredients. China and India are experiencing robust growth in plant-based and natural personal care products, supported by regulatory developments such as China's 2021 approval of cocoa butter equivalents containing shea, which has broadened food applications. Innovation in specialty fats is also driving adoption, with companies like Bunge Limited introducing products such as Coberine 206 to address challenges in chocolate stability under warm climatic conditions. Japan and South Korea are emerging as niche markets for nutraceutical applications, particularly shea unsaponifiable supplements for joint health. In Australia, demand is driven by clean-label and ethically sourced cosmetics, with retailers emphasizing fair-trade and sustainability certifications that resonate with environmentally conscious consumers.

North America represents a significant market, supported by favorable regulatory frameworks and strong consumer preference for clean-label and plant-based products. The U.S. Food and Drug Administration's GRAS approvals for shea olein and stearin have expanded their use across confectionery, bakery, and dairy-alternative segments. The United States leads regional consumption, with brands increasingly focusing on traceability and ethical sourcing, often collaborating with structured supply chains such as AAK AB's Kolo Nafaso program. Canada and Mexico, while smaller markets, are witnessing steady growth in natural cosmetics and sustainability-driven product lines. In South America, Brazil and Argentina are gradually adopting premium personal care products, though challenges such as import costs and limited awareness persist. In the Middle East and Africa, markets like South Africa and the United Arab Emirates are key importers of refined shea for food and cosmetics. Producing nations, including Ghana, Burkina Faso, Nigeria, Mali, and Cote d'Ivoire, are increasingly focusing on value-added processing, supported by export restrictions and development finance initiatives aimed at strengthening local industry participation.

1. AAK AB
2. Bunge Global SA
3. Cargill, Incorporated
4. Olvea Group
5. Savannah Fruits Company
6. BASF SE
7. Ghana Nuts Company Ltd.
8. Fuji Oil Holdings
9. Gombella Integrated Services
10. Manorama Industries Ltd.
11. All Organic Treasures GmbH
12. Shea Radiance LLC
13. SOPHIM
14. Suru Chemicals & Pharmaceuticals Pvt. Ltd.
15. Croda International Plc
16. Natural Sourcing, LLC
17. Bulk Apothecary
18. Right Shea
19. Hallstar (Biochemica)
20. Clariant AG
21. DDW The Color House (GNT Group)
22. Synthite Industries Pvt. Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising demand for clean-label, organic, and plant-based personal care ingredients
  • 4.2.2 Expanding application as a functional lipid and cocoa butter alternative in food formulations
  • 4.2.3 GRAS/FDA approvals supporting broader food applications in the United States and European Union
  • 4.2.4 Growing consumer awareness of therapeutic and nutritional benefits
  • 4.2.5 Increasing preference for sustainably sourced and fair-trade ingredients
  • 4.2.6 Advancements in processing technologies improving yield and quality consistency
• 4.3 Market Restraints
  • 4.3.1 Volatility in shea nut supply due to climatic and seasonal dependencies
  • 4.3.2 Quality inconsistency and adulteration risks in unrefined supply chains
  • 4.3.3 High price sensitivity among industrial and B2B buyers
  • 4.3.4 Intense competition from alternative natural butters and oils
• 4.4 Supply Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Porter's Five Forces Analysis
  • 4.6.1 Threat of New Entrants
  • 4.6.2 Bargaining Power of Suppliers
  • 4.6.3 Bargaining Power of Buyers
  • 4.6.4 Threat of Substitutes
  • 4.6.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE AND VOLUME)

• 5.1 By Ingredient Type
  • 5.1.1 Raw/Unrefined
  • 5.1.2 Refined
  • 5.1.3 Fractionated (stearin, olein)
• 5.2 By Application
  • 5.2.1 Personal-Care and Cosmetics
  • 5.2.2 Food and Beverage
  • 5.2.3 Pharmaceuticals and Nutraceuticals
  • 5.2.4 Industrial (bio-lubes, candles, etc.)
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Italy
    • 5.3.2.4 France
    • 5.3.2.5 Spain
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 AAK AB
  • 6.4.2 Bunge Global SA
  • 6.4.3 Cargill, Incorporated
  • 6.4.4 Olvea Group
  • 6.4.5 Savannah Fruits Company
  • 6.4.6 BASF SE
  • 6.4.7 Ghana Nuts Company Ltd.
  • 6.4.8 Fuji Oil Holdings
  • 6.4.9 Gombella Integrated Services
  • 6.4.10 Manorama Industries Ltd.
  • 6.4.11 All Organic Treasures GmbH
  • 6.4.12 Shea Radiance LLC
  • 6.4.13 SOPHIM
  • 6.4.14 Suru Chemicals & Pharmaceuticals Pvt. Ltd.
  • 6.4.15 Croda International Plc
  • 6.4.16 Natural Sourcing, LLC
  • 6.4.17 Bulk Apothecary
  • 6.4.18 Right Shea
  • 6.4.19 Hallstar (Biochemica)
  • 6.4.20 Clariant AG
  • 6.4.21 DDW The Color House (GNT Group)
  • 6.4.22 Synthite Industries Pvt. Ltd.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK