| Label | US | Canada | Mexico |
|---|---|---|---|
| 2018 | 176 USD Mn | 37.6 USD Mn | 8.7 USD Mn |
| 2019 | 184.9 USD Mn | 39.6 USD Mn | 9.1 USD Mn |
| 2020 | 193.3 USD Mn | 41.5 USD Mn | 9.5 USD Mn |
| 2021 | 202.6 USD Mn | 43.7 USD Mn | 9.9 USD Mn |
| 2022 | 213.2 USD Mn | 46.2 USD Mn | 10.3 USD Mn |
| 2023 | 224.5 USD Mn | 48.9 USD Mn | 10.7 USD Mn |
| 2024 | 236.7 USD Mn | 51.7 USD Mn | 11.2 USD Mn |
| 2025 | 249.7 USD Mn | 54.8 USD Mn | 11.6 USD Mn |
| 2026 | 263.7 USD Mn | 58.1 USD Mn | 12.2 USD Mn |
Data Source: Wantstats Repository
Shea butter, also known as "women's gold," has been harvested and used for centuries by women in the rural areas of West Africa. The demand for shea butter has increased significantly in recent years, primarily due to its numerous cosmetic and medicinal benefits. As a result, the North American shea butter market has experienced significant growth, with different countries within the region showing varying levels of demand. The United States is the largest consumer of shea butter in North America, with a growing demand for natural and organic products. Shea butter, being a natural product, fits into this demand perfectly. It is widely used in the production of skincare and haircare products, which are in high demand in the US. Moreover, the growing awareness about the benefits of natural and organic products, as well as concerns over the harmful effects of synthetic chemicals, have also contributed to the increasing demand for shea butter in the US. Canada is another major consumer of shea butter in North America. The country has a well-established market for natural and organic products, which has contributed to the demand for shea butter.
Canada also has a strong presence of cosmetics and personal care product companies that use shea butter as a key ingredient in their products. The cold weather conditions in Canada also make shea butter a popular choice for its moisturizing properties. Mexico is a rapidly growing market for shea butter in North America. The country has a large population, and its growing middle class is increasingly becoming health-conscious, leading to a rise in demand for natural and organic products, including shea butter. The Mexican beauty and personal care market is also witnessing significant growth, which has positively impacted the demand for shea butter. Other countries in North America such as Cuba, Costa Rica, and Jamaica also have a growing demand for shea butter. These countries have a rich cultural heritage, and traditional use of shea butter has been passed down for generations. As a result, there is a strong local demand for shea butter within these countries. Additionally, the increasing focus on sustainable and ethical sourcing of shea butter by companies has also contributed to the demand in these countries.
In conclusion, the North American shea butter market is driven by various factors, including the growing demand for natural and organic products, awareness about the benefits of shea butter, and the presence of major cosmetics and personal care companies. With the increasing focus on sustainability and ethical sourcing, the demand for shea butter is expected to continue to grow in the region.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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North America Shea Butter Market, By Country
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