TAGS: Natural/ Organic
Skin Care
According to a new report by Global Market Insights, global shea butter market size is anticipated to reach USD 2.9 billion by 2025. High concentration of fatty acids and vitamins makes shea butter a suitable cosmetic ingredient to soften the skin. Shea butter carries anti-inflammatory and healing properties.
Shea Butter Tones and Soothes the Skin
When used on the face and body, shea butter helps tone, condition, and
soothe the skin. The rise in disposable income among people in both developed as well as developing countries have supported the demand for advanced food and cosmetic solutions, across the globe.
The increase in the employment rate and the subsequent rise in the purchasing power has supported the need for advanced cosmetic solutions. In the year 2019, the European cosmetic and personal care industry was valued at around USD 96.78 billion in terms of retail sales.
Efforts were undertaken by cosmetic manufacturers to develop innovative, targeted cosmetic solutions for people belonging to different age groups. These trends will support the use of shea butter. Superior melting properties, therapeutic features, and smooth spreadability will make it an excellent choice for cosmetic items.
Dominant Region- Asia Pacific
In the Asia Pacific region, the cosmetic and personal care industry, in particular, has witnessed rapid developments due to the increasing awareness among the people regarding the need to maintain hygiene and the easy availability of improved
skincare products.
APAC led by countries like South Korea, India, Japan, and Australia has witnessed the establishment of various cosmetic manufacturers who use shea butter as an ingredient to provide advanced skincare offerings to the customers. The K-beauty industry, in particular, has gained considerable recognition over the years due to its enhanced properties and visible results. Regarded as the 9th largest cosmetic industry in the world, in the year 2018, the South Korean cosmetic sector was estimated at USD 9.3 billion in terms of value.
Shea butter companies are constantly working towards increasing their hold in the market by improving the quality of the products and by increasing their production capabilities. The coronavirus pandemic has largely affected the sale of cosmetic items due to the restrictions in the operation of shops and malls in order to control crowds in public spaces and the spread of infections. Most people across the globe have turned to online shopping to buy different types of cosmetics. This is due to the variety of products available at a cost-effective price as well as the convenience of products being delivered at home.
The wide application spectrum of shea butter has supported the demand for the product over the years. The need to improve the physical appearance along with the development of highly- advanced cosmetic products have outlined the global shea butter market forecast.
Complete report available at
www.gminsights.com/industry-analysis/shea-butter-market
Source: Global Market Insights