The cosmetic oil market is anticipated to expand its roots at a steady CAGR of 12.21% during the forecast period. The market is likely to hold a revenue of US$ 10.9 billion in 2023 while it is anticipated to cross a value of US$ 34.49 billion by 2033.
The research report on the cosmetic oil market states the long range of benefits of cosmetic oil against skin conditions like sunburn, wrinkles, and acne. Furthermore, the organic texture, local smells, and integration of natural additives improve the oil medicinal properties of the oil. The advent of new cosmetic brands focusing on the application of organic and natural elements is fuelling the demand for cosmetic oil.
The growing awareness through different channels such as social media, and skincare awareness workshops are pushing end-users to add these cosmetic oils as an essential to their skincare products. Alongside this, other cosmetic oil benefits involve clear, moisturized, and wrinkle-free skin. People with dry skin, flaky skin, and rough skin are suggested to apply cream, serum, or oil on their faces.
The expanding beauty studios across the globe as a leading business model is also fuelling the demand for cosmetic grade oils. These beauty studios use cosmetic oils as the perfect primer for makeup, hydrating the crucial spots
Market analysis explains that the focus on organic and natural elements while producing cosmetic oils is associated with the transformation of the beauty and cosmetics industry. Furthermore, the growing awareness of skincare, skincare requirements, and increasing air pollution are the factors fueling the application of cosmetics oil.
The idea of gender-neutral cosmetic products is also spreading awareness around skincare across the regions. There is an advent of natural oil in cosmetics such as coconut oil, olive oil, shea butter, jojoba oil, and sunflower seed oil. All these factors boost the demand for cosmetic oil across the globe.
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 12.21% |
Market Size (2023) | US$ 10.9 billion |
Market Size (2033) | US$ 34.49 billion |
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Short-term Growth (2023 to 2026): There is high demand for organic and natural compositions in cosmetic products. Furthermore, the expansion of the beauty and cosmetic industry is flourishing the demand for cosmetic oils as well. Hence, the market is expected to hold US$ 10.9 billion in 2023 while it is likely to reach US$ 15.40 billion by 2026.
Mid-term Growth (2026 to 2029): New products and experimentation with natural oil in cosmetics are transforming the cosmetic oil market during the forecast period. The amalgamation of herbal medicines and high-in-vitamin elements with natural oils is increasing the demand for cosmetic oils. This takes a market value from US$ 15.40 billion in 2026 to a value of US$ 21.76 billion by 2029.
Long-term Growth (2029 to 2033): The social media influencers promoting the latest cosmetic oils for better skin health and anti-acne properties are expected to garner market growth. With the rising number of body & skincare studios across the globe, the application of natural oil in cosmetics is flourishing the sales. Thus, the market is anticipated to thrive at a steady CAGR of 12.21% between 2023 and 2033.
The call for enhanced beauty and cosmetic products such as makeup gear, personal care creams, lotions, serums, and oil is making the market space flexible. The market has become more accepting of new additives such as herbal and organic elements.
The extended research and development programs are bringing new opportunities for the market. New benefits such as anti-wrinkles, ant-acne, and hydration delivery are pushing the demand for cosmetic oil. Furthermore, Long range beauty studios also use these essential oils as the primer before the makeup.
The vendors enhancing the quality, texture, and smell according to the skin type is also a unique approach that market players adopt. The rising sales of natural cosmetics also garner new opportunities for the market players.
Some of the key restraints for the Cosmetic Oil market are its alternatives, lack of awareness, and high-priced products. Moreover, the usage of chemicals and unnatural agents also limits end users from buying these cosmetic oils. The high inflation and lack of employment are also restricting people from investing money in personal care products.
A High Number of Working Women along with the Launch of Gender-Neutral Cosmetic Products are Garnering the Regional Growth
The North American cosmetic oil market leads the space in terms of market share. The growth is attributed to the transforming lifestyle, busy work schedules, and gender-neutral cosmetic solutions. Furthermore, extending research and development facilities introducing herbal cosmetic oils and serums, and introducing natural oil in cosmetic products is also propelling the market share.
A higher number of working professionals is also increasing the adoption of cosmetic oil as it is used as the primer for makeup.
Rising Urbanization, Herbal Makeup Products, and Increasing Air Pollution is Driving the Market Growth in the Region
Asia Pacific region is anticipated to fuel at a CAGR of 5.8% between 2023 and 2033. The boom in the demand is attributed to the expanding urbanization and corporate culture. The increased pollution and prevalent skin issues are also pushing end-users to adopt these cosmetic products.
The usage of natural oils with multi-purpose properties is also garnering market growth. More than 80% of the total Asia-pacific market size is covered by China, Japan, India, and South Korea. Moreover, the expanding corporate structure influencing the dressing style, and application of cosmetic products is propelling market growth further.
Social Media Influence, the Presence of Major Cosmetic Brands, and Expanded Show Businesses are flourishing the Market Growth
The United Kingdom is another significant market for cosmetic oil. Booming show businesses along with an increasing number of beauty and transformation studios are bolstering the market growth. Furthermore, the changing lifestyle and application of cosmetic oil in hair treatment, skin-issues such as acne, dry skin, etc. are influencing the demand for cosmetic oil in the market
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Category | Leading Segment |
---|---|
By Source | Vegetable Oil |
By Application | Hair Care |
Based on source type, the vegetable oil segment leads as it held a leading market share in 2022. The growth of this segment is attributed to the easy extraction of oil through avocado, almond, palm, and other types of vegetables. Moreover, the high demand for herbal and natural products is fueling the demand for the vegetable oil segment. The affordable pricing of this source is also a propelling driver for the segment.
Based on the application, the hair-care segment held a significant share in 2022. The growth is attributed to the high effect of air pollution on the hair along with people getting aware of scalp nutrition. This has given birth to a long range of products such as serums, oil, and conditioners.
The key players focus on launching advanced hair care cosmetic oil while increasing the herbal and green content in it. Furthermore, the key players add new fruit flavors to these cosmetic oil products that have become a trend in the market space. The combo of these oils along with the flavored soaps is also becoming popular among cosmetic enthusiasts.
How can Cosmetic Oil Manufacturers Providers Scale their Businesses in the Market?
Market players in the market are working on five key strategies including:
Market Developments:
The growth potential of the market is 12.21% through 2033.
The United States holds high lucrativeness.
Increasing working women fuels the United States market growth.
Asia Pacific is anticipated to develop at a CAGR of 5.8% by 2033.
Rising inclination toward personal grooming drives sales.
1. Executive Summary | Cosmetic Oil Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Litre) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Source, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Source, 2023 to 2033 5.3.1. Mineral Oil 5.3.2. Vegetable Oil 5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Hair Care 6.3.2. Skin Care 6.3.3. Lip Care 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Type, 2023 to 2033 7.3.1. Olive 7.3.2. Almond 7.3.3. Coconut 7.3.4. Essential 7.3.5. Others 7.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry Vertical 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Industry Vertical, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Industry Vertical, 2023 to 2033 8.3.1. Chemical and Petrochemical 8.3.2. Oil and Gas 8.3.3. Energy & Power 8.3.4. Automotive 8.3.5. Healthcare 8.3.6. Others 8.4. Y-o-Y Growth Trend Analysis By Industry Vertical, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Industry Vertical, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Litre) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) & Volume (Litre) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Source 10.2.3. By Application 10.2.4. By Type 10.2.5. By Industry Vertical 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Source 10.3.3. By Application 10.3.4. By Type 10.3.5. By Industry Vertical 10.4. Key Takeaways 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Source 11.2.3. By Application 11.2.4. By Type 11.2.5. By Industry Vertical 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Source 11.3.3. By Application 11.3.4. By Type 11.3.5. By Industry Vertical 11.4. Key Takeaways 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Source 12.2.3. By Application 12.2.4. By Type 12.2.5. By Industry Vertical 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Source 12.3.3. By Application 12.3.4. By Type 12.3.5. By Industry Vertical 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Singapore 13.2.1.5. Thailand 13.2.1.6. Indonesia 13.2.1.7. Australia 13.2.1.8. New Zealand 13.2.1.9. Rest of Asia Pacific 13.2.2. By Source 13.2.3. By Application 13.2.4. By Type 13.2.5. By Industry Vertical 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Source 13.3.3. By Application 13.3.4. By Type 13.3.5. By Industry Vertical 13.4. Key Takeaways 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Litre) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Litre) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Source 14.2.3. By Application 14.2.4. By Type 14.2.5. By Industry Vertical 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Source 14.3.3. By Application 14.3.4. By Type 14.3.5. By Industry Vertical 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Source 15.1.2.2. By Application 15.1.2.3. By Type 15.1.2.4. By Industry Vertical 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Source 15.2.2.2. By Application 15.2.2.3. By Type 15.2.2.4. By Industry Vertical 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Source 15.3.2.2. By Application 15.3.2.3. By Type 15.3.2.4. By Industry Vertical 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Source 15.4.2.2. By Application 15.4.2.3. By Type 15.4.2.4. By Industry Vertical 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Source 15.5.2.2. By Application 15.5.2.3. By Type 15.5.2.4. By Industry Vertical 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Source 15.6.2.2. By Application 15.6.2.3. By Type 15.6.2.4. By Industry Vertical 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Source 15.7.2.2. By Application 15.7.2.3. By Type 15.7.2.4. By Industry Vertical 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Source 15.8.2.2. By Application 15.8.2.3. By Type 15.8.2.4. By Industry Vertical 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Source 15.9.2.2. By Application 15.9.2.3. By Type 15.9.2.4. By Industry Vertical 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Source 15.10.2.2. By Application 15.10.2.3. By Type 15.10.2.4. By Industry Vertical 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Source 15.11.2.2. By Application 15.11.2.3. By Type 15.11.2.4. By Industry Vertical 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Source 15.12.2.2. By Application 15.12.2.3. By Type 15.12.2.4. By Industry Vertical 15.13. Singapore 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Source 15.13.2.2. By Application 15.13.2.3. By Type 15.13.2.4. By Industry Vertical 15.14. Thailand 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Source 15.14.2.2. By Application 15.14.2.3. By Type 15.14.2.4. By Industry Vertical 15.15. Indonesia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Source 15.15.2.2. By Application 15.15.2.3. By Type 15.15.2.4. By Industry Vertical 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Source 15.16.2.2. By Application 15.16.2.3. By Type 15.16.2.4. By Industry Vertical 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Source 15.17.2.2. By Application 15.17.2.3. By Type 15.17.2.4. By Industry Vertical 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Source 15.18.2.2. By Application 15.18.2.3. By Type 15.18.2.4. By Industry Vertical 15.19. South Africa 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Source 15.19.2.2. By Application 15.19.2.3. By Type 15.19.2.4. By Industry Vertical 15.20. Israel 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Source 15.20.2.2. By Application 15.20.2.3. By Type 15.20.2.4. By Industry Vertical 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Source 16.3.3. By Application 16.3.4. By Type 16.3.5. By Industry Vertical 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Vcos Cosmetics Pvt Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. SOPHIM 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Bramble Berry 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Aroma Foundry 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Uncle Harry's Natural Products 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Botanic Choice 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. MakingCosmetics Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. A.G. Industries 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. AOT Organic Products 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Marnys 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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