Global Cosmetic Oil Market Size, Share, Growth Analysis, By Product(Olive, Almond), By Function(Skin Conditioning, Moisturizing), By application(Hair care, skincare), By sales channel(Offline and Online) - Industry Forecast 2024-2031

Report ID: SQMIG30L2199 | Region: Global | Published Date: April, 2024
Pages: 226 | Tables: 118 | Figures: 77

Global Cosmetic Oil Market News

In May 2022, A brand accelerator project titled "Beauty Activations" was launched by Symrise Cosmetic Ingredients to collaborate with North American cosmetics brands. Thanks to the partnership with Symrise and the Beauty Activations platform, brands will have access to detailed marketing statistics, unique formulae, and a choice of award-winning ingredients.
In September 2021, LVMH, Natura & Co., Henkel, L'Oreal, and Unilever collaborated to formulate a mechanism for assessing and grading the environmental effects of the cosmetics sector.

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Cosmetic Oil Market size was valued at USD 8.64 billion in 2019 and is poised to grow from USD 9.71 billion in 2023 to USD 24.4 billion by 2031, growing at a CAGR of 12.21% in the forecast period (2024-2031).

Global Cosmetic Oil market is relatively fragmented, with a high level of competition. Companies in the industry are using a variety of methods, including the introduction of novel components into products, the creation of regional and global distribution networks, collaborations, and acquisitions. 'Coty Inc', 'Johnson & Johnson', 'L'Oreal S.A.', 'Unilever PLC', 'The Estée Lauder Companies Inc.', 'Procter & Gamble Co.', 'Avon Products Inc.', 'Revlon Inc.', 'Shiseido Co. Ltd.', 'Kao Corporation', 'Beiersdorf AG', 'Colgate-Palmolive Company', 'Natura & Co.', 'Oriflame Holding AG', 'LVMH Moët Hennessy - Louis Vuitton SE', 'Amorepacific Corporation', 'Henkel AG & Co. KGaA', 'Mary Kay Inc.', 'Yves Rocher Group', 'Puig S.L.'

The Cosmetic Oil Market is expanding due to rising social media marketing, increased internet usage, and shifting lifestyles. increasing marketing efforts to reach potential customers through social media platforms, for instance, many businesses are promoting organic and herbal oils that have little to no harmful chemicals in them, which is an effective way to draw customers. For example, as more people are experiencing hair loss issues, they have begun using organic oils like mama earth oil, viva naturals, and others that provide a variety of oils that help with hair growth.

Vegetable oil consumption has significantly increased recently, driving the expansion of the entire market. This is largely due to the growing trend of organic & natural certifications in cosmetics. The expansion of the cosmetic oil market would be accelerated by the rising innovation of cosmetic products made with various vegetable oils.

The market for cosmetic oils in North America is predicted to increase rapidly and surpass US$ 1.75 billion in value by 2027 as a result of the rising demand for innovative, multifunctional cosmetic products brought on by changing lifestyles and hectic work schedules. Additionally, the innovation and R&D carried out for the development of new products together with the presence of significant cosmetic companies in the region will create new growth potential. The sale of hair care products will increase as incidences of early ageing and hair greying rise, particularly among young people due to inadequate nutrition and other vitamins. over all of North America. Additionally, the use of vegetable oils in everyday and personal care products is a major factor in the growth of the cosmetic oil market during the course of the forecast period.

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Global Cosmetic Oil Market Size, Share, Growth Analysis, By Product(Olive, Almond), By Function(Skin Conditioning, Moisturizing), By application(Hair care, skincare), By sales channel(Offline and Online) - Industry Forecast 2024-2031

Global Cosmetic Oil Market News

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