| Label | Refined | Unrefined/Raw |
|---|---|---|
| 2018 | 6 USD Mn | 2.8 USD Mn |
| 2019 | 6.2 USD Mn | 2.9 USD Mn |
| 2020 | 6.5 USD Mn | 3 USD Mn |
| 2021 | 6.7 USD Mn | 3.1 USD Mn |
| 2022 | 7 USD Mn | 3.3 USD Mn |
| 2023 | 7.3 USD Mn | 3.4 USD Mn |
| 2024 | 7.6 USD Mn | 3.5 USD Mn |
| 2025 | 8 USD Mn | 3.7 USD Mn |
| 2026 | 8.4 USD Mn | 3.8 USD Mn |
Data Source: Wantstats Repository
The demand for shea butter in Mexico has been steadily increasing in recent years. This natural ingredient has gained popularity in the beauty and skincare industry due to its numerous benefits for the skin and hair. Shea butter is a fat extracted from the nut of the African shea tree and has been used for centuries in Africa for its moisturizing and healing properties. The demand for shea butter in Mexico can be attributed to various factors, such as its versatility, affordability, and the growing trend towards natural and eco-friendly products. Shea butter is available in different types in the Mexican market, each with its own unique qualities and uses. The most commonly used types of shea butter in Mexico are raw shea butter, refined shea butter, and organic shea butter. Raw shea butter is the purest form of shea butter, extracted without the use of any chemicals or additives. This type of shea butter is rich in vitamins and minerals, making it a popular choice for natural skincare products. Refined shea butter, on the other hand, undergoes a filtering process to remove impurities and has a smoother texture compared to raw shea butter.
It is often used for cosmetic purposes, such as in lotions and creams. Organic shea butter is gaining popularity in Mexico due to the increasing consumer demand for natural and organic products. This type of shea butter is produced without the use of pesticides and chemicals, making it a healthier and more environmentally-friendly option. The demand for shea butter in Mexico is also driven by its various applications in the beauty and skincare industry. Shea butter is known for its moisturizing properties, making it a popular ingredient in lotions, creams, and hair products. It is also used in anti-aging products, as it contains antioxidants that help to reduce wrinkles and fine lines. Additionally, shea butter is used in hair care products as it helps to nourish and strengthen hair, promoting healthy and shiny locks. Moreover, the affordability of shea butter makes it accessible to a wider range of consumers in Mexico. As compared to other natural ingredients used in beauty products, shea butter is relatively low-cost, making it a popular choice among consumers. In conclusion, the demand for shea butter in Mexico is on the rise due to its versatility, affordability, and various applications in the beauty and skincare industry.
With the increasing trend towards natural and eco-friendly products, the market for shea butter is expected to continue growing in the coming years.
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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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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Mexico Shea Butter Market, By Type
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