NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
cosmetic oil market size is estimated to grow by USD 1.92 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
almost 5.02% during the forecast period. Increasing
demand for natural and organic cosmetics is driving market
growth, with a trend towards emergence of bio-oil.
However, increasing availability of counterfeit products
poses a challenge. Key market players include AETHOS
Essential Oils, AMOREPACIFIC Group Inc., Beiersdorf AG, Bramble
Berry Inc., Chanel Ltd., Clariant International Ltd., Dabur India
Ltd., Farsali, Johnson and Johnson Services Inc., Kao Corp., Khadi
Natural, LG Corp., LOreal SA, Sanghvi Technologies Pvt. Ltd.,
Shiseido Co. Ltd., Sophim, The Body Shop International Ltd., The
Procter and Gamble Co., Uncle Harrys Natural Products,
and Unilever PLC.
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segments, customer landscape, and companies- View the snapshot
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Cosmetic Oil Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.02%
|
Market growth
2024-2028
|
USD 1929
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.69
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 54%
|
Key
countries
|
US, China, Japan,
Germany, and India
|
Key companies
profiled
|
AETHOS Essential Oils,
AMOREPACIFIC Group Inc., Beiersdorf AG, Bramble Berry Inc., Chanel
Ltd., Clariant International Ltd., Dabur India Ltd., Farsali,
Johnson and Johnson Services Inc., Kao Corp., Khadi Natural, LG
Corp., LOreal SA, Sanghvi Technologies Pvt. Ltd., Shiseido Co.
Ltd., Sophim, The Body Shop International Ltd., The Procter and
Gamble Co., Uncle Harrys Natural Products, and Unilever
PLC
|
Market Driver
The global cosmetic oil market is experiencing significant
growth due to the increasing popularity of Bio-Oil. This product,
manufactured by Bio-Oil, is renowned for its ability to address
various skin concerns. Its key ingredients, including mineral oil,
sunflower seed oil, rosemary oil, chamomile oil, lavender oil,
vitamin E, marigold extract, and soybean oil, contribute to
improving the appearance of scars, stretch marks, and
hyperpigmentation. Additionally, these plant-based oils retain skin
moisture, keep it smooth, tone aging skin, and cosmetically reduce
wrinkles. These factors collectively boost demand for Bio-Oil and
the cosmetic oil market as a whole.
The cosmetic oil market is experiencing significant growth with
various segments showing promising trends. Vegetable oils like
palm, olive, and sunflower oils are widely used due to their
nourishing properties. Segments like skincare and hair care
dominate the market. The use of essential oils for aromatherapy and
wellness is also increasing. Cosmetic companies are focusing on
producing organic and natural oils to cater to consumer
preferences. The market is competitive with key players investing
in research and development to introduce innovative products. The
use of antioxidant-rich oils and those with anti-aging properties
is on the rise. The urbanization and rising disposable income in
developing countries are expected to boost the market
further.
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Market Challenges
- The cosmetic oil market experiences increasing demand due to
growing consumer interest. However, this trend also fosters the
production and sale of counterfeit cosmetic oils. These products,
made with low-quality ingredients, pose health risks and are
cheaper due to reduced production and transportation costs.
E-commerce expansion widens their reach. Vendors of genuine
cosmetic oils face challenges, including price competition and
reduced profit margins from promotional activities. Developing
markets, such as India and
China, present opportunities but
also significant competition from counterfeit products. This
situation negatively impacts the global cosmetic oil market's
growth.
- The cosmetic oil market faces several challenges. Key players
include suppliers of argon, jojoba, coconut, and almond oils.
Benefits such as moisturizing and anti-aging properties drive
demand. However, high production costs and competition from
synthetic alternatives pose significant challenges. Sustainability
and ethical sourcing are also important considerations. Markets in
Asia and Europe show strong growth. Producers must
adapt to changing consumer preferences and regulatory requirements.
Innovation in production methods and marketing strategies is
essential to remain competitive. Skin types and individual needs
influence consumer choices. Producers must cater to these diverse
requirements to capture market share. Overall, the cosmetic oil
market requires a strategic approach to address these challenges
and capitalize on opportunities.
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challenges - Request a sample report!
Segment Overview
This cosmetic oil market report extensively covers market
segmentation by
- Distribution Channel
- Source
- 2.1 Vegetable oil
- 2.2 Mineral oil
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The cosmetic oil market is thriving,
with various types such as jojoba, almond, and olive oils in high
demand. Companies produce these oils for use in skincare and hair
care products. Consumers prefer natural oils due to their
beneficial properties. Market growth is driven by increasing health
consciousness and the desire for chemical-free alternatives.
Companies invest in research and development to improve oil
extraction methods and create innovative products. The market is
competitive, with numerous players vying for market share. Despite
challenges, the future looks bright for the cosmetic oil
industry.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The cosmetic oil market caters to the diverse skincare needs of
both women and men, offering a range of options for nourishing the
face and hair. Irritation and inflammation are common concerns,
leading to the popularity of elixir oils, such as Almond oil and
Coconut oil, known for their moisturizing and anti-inflammatory
properties. Carrier oils, like Olive oil, are also in demand due to
their antibacterial and nourishing benefits. Influencers and
consumers alike advocate for these oils to help avoid irritation,
soothe rashes, and address issues like wrinkles, enlarged pores,
and skin acne. Hair care products, including body lotions, creams,
and exfoliating agents, also incorporate these oils for their
nourishing and anti-inflammatory properties. Makeup can also
benefit from the use of these oils, enhancing the overall
appearance and health of the skin.
Market Research Overview
The Cosmetic Oil Market encompasses a wide range of products
derived from various plant and mineral sources. These oils are
integral to the cosmetics industry due to their moisturizing,
protective, and nourishing properties. The market is segmented
based on type, including essential oils, carrier oils, and infused
oils. Each type caters to specific cosmetic applications, such as
skincare, haircare, and aromatherapy. The market is driven by
factors like increasing consumer awareness of natural and organic
products, rising disposable income, and the growing popularity of
DIY cosmetics. The future outlook is promising, with innovations in
production techniques and the introduction of new oil varieties
expected to fuel growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Source
-
- Vegetable Oil
- Mineral Oil
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio