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 Insights

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).

Cosmetic oils are carrier oils that are a key component of many hair and skin care products as well as moisturizers, serums, lipsticks, and lip balms. Cosmetic oils have benefits for skin protection including calming rashes, minimizing wrinkles, and constricting enlarged pores to lessen the likelihood of skin acne. Additionally, they are utilized in the creation of cosmetic items such as body lotions, creams, exfoliating agents, and makeup.

The coconut oil product segment is expected to increase favorably throughout the projected period due to strong demand in the Asia Pacific region, particularly India. These oils have a wide range of applications in the cosmetics sector and are probably going to experience strong demand from nations like South Korea, India, and Japan. Many well-known and newer brands have started using coconut oil because of its natural qualities.

Olive oil is also anticipated to be a segment with strong growth. The segment is experiencing a healthy demand as a result of the distinct anti-inflammatory properties of this product. Olive oil and six oil-fed oil-in-cream are the key ingredients in a line of hair spa products by L'Oréal SA (EPA: OR).

US Cosmetic Oil Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Cosmetic Oil Market Report Snapshots

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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 Insights

Global Cosmetic Oil Market Report Snapshots

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