As per Future Market Insights (FMI), the facial oil industry is expected to be worth USD 1,069.0 million in 2023. The revenue generated from facial oil sales is likely to reach USD 1,915.61 million by the end of 2033. It is likely to surpass a 6.0% CAGR from 2023 to 2033.
Oil-based skincare will become more popular as people become aware of the many skin advantages that face oils offer. The benefits of using facial oils include anti-aging, hydration, blemish removal, skin restoration, and moisturizing. They can hydrate and nourish skin without leaving a greasy residue.
Facial oils have gained immense popularity in recent years as consumers seek natural and organic skincare products. Facial oil is typically made from a variety of plant-based ingredients. These might include ingredients such as jojoba oil, rosehip oil, and argan oil. These ingredients are known for their moisturizing and anti-aging properties.
Several of these products are also marketed as multi-taskers that can provide a range of benefits beyond hydration. These include skin brightening, smoothing, and anti-anti-aging effects. Various facial oils are formulated with active ingredients such as retinol, vitamin C, and hyaluronic acid. These might offer additional benefits to the skin.
Facial oil can be used with various skincare products such as face masks, face mist, serums, and moisturizers. Manufacturers are now introducing their own lines of facial oil, offering consumers a wide range of options to choose from.
Facial oil includes olive, almond, coconut, and other essential types of oil. The product's anti-oxidants and vitamins are in charge of restoring the health and radiance of the skin, which led to an increase in demand for face oils.
The rise in e-commerce and social media has made it easy for consumers to discover and purchase products and contribute to growth. The facial oil market is expected to soar in the forthcoming decade as consumers seek out effective skincare products.
| Attribute | Key Insights |
|---|---|
| Facial Oil Market Estimated Size (2023E) | USD 1,069.0 Million |
| Projected Facial Oil Market Valuation (2033F) | USD 1,915.61 Million |
| Value-based CAGR (2023 to 2033) | 6.0% |
| Collective Value Share: Top 5 Countries (2023A) | 45% to 55% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global facial oil industry is likely to grow at a CAGR of 6.0% between 2023 and 2033. As per Future Market Insights (FMI), the global demand for facial oils witnessed a CAGR of 9.7% in the historical period from 2018 to 2022.
Facial oils have gained popularity in recent years, as consumers are increasingly interested in natural and organic skincare products. The global facial oil industry is driven by factors such as growing awareness of skincare, and increasing demand for anti-aging products.
Sales will rise as a result of factors such as increasing demand for anti-aging & anti-pollution skin care items and increased knowledge of the positive effects of face oils. Rising demand for facial oils in emerging markets will further drive growth in the market. These market trends are influenced by a wide range of factors, such as economic conditions, consumer preferences, and regulatory changes.
Natural & organic facial oil with anti-aging properties will drive demand
Increasing demand for skincare products that are not only effective but also free from harmful chemicals are pushing market growth. The market for anti-aging beauty oils contributed significantly to global revenue in 2022.
Human skin responds well to natural ingredients such as coconut oil, ginger extract, and vitamin E. Coconut oil and ginger extract both include phytochemicals with anti-oxidant and anti-microbial properties. This makes facial oil a product with increased health value.
Facial oils are gaining traction due to their ability to hydrate and nourish skin. They also provide health and glow to skin.
The oil has anti-aging properties, is rich in antioxidants, and is efficient against bacteria and fungus. These are two potent pathogens that cause skin diseases in humans.
Regular use of these oils prevents the onset of premature ageing and shields the skin against microbial diseases. As a result, there is a growing need for this product among people.
Prominent Applications of Facial Oils Include Providing Remedy from Pollution and UV-related Skin Issues
The need for face oils is rising as a result of rising pollution, genetic disorders, and hormonal abnormalities. Lipids and oils produced by the skin keep it hydrated and stop water loss.
Facial oils assist the skin's natural oils in maintaining balance and hydration. Face oils are also made from plants and frequently include a variety of flowers, leaves, roots, and other components. It will raise the need for organic skincare products.
Extended exposure to ultraviolet (UV) radiation without adequate sun protection can cause free radical damage. It will lead to wrinkles, hyperpigmentation, and sun spots on the skin. Face oils include antioxidants that stop dryness, UV ray damage, and additional ageing, which is one of the main factors behind the growth of the facial oil industry.
Principal Consultant
Allergic Reaction to Chemicals and Increased Competition
Various unfavorable aspects are hampering the global facial oil industry’s growth. Facial oils might be damaging for certain skin types, as the product contains artificial chemicals. These chemicals can cause severe allergic reactions to customers.
Numerous health issues regarding the product's use such as skin infections, reproductive disorders, and asthma. These factors are likely to have a negative impact on market revenue throughout the forecast period.
These chemicals are also known to have a detrimental impact on the environment. Today’s generation is increasingly becoming environmentally conscious and only prefers the consumption of sustainable products. The share of key players in this market is rising, making it highly competitive and difficult to survive.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 5.8% |
| Jul to Dec (H2), 2021 (A) | 6.0% |
| Jan to Jun (H1), 2022 Projected (P) | 5.9% |
| Jan to Jun (H1), 2022 Outlook (O) | 6.5% |
| Jul to Dec (H2), 2022 Outlook (O) | 6.7% |
| Jul to Dec (H2), 2022 Projected (P) | 6.1% |
| Jan to Jun (H1), 2023 Projected (P) | 5.0% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 59 |
| BPS Change: H1, 2021 (O) to H1, 2022 (A) | (-) 65 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 61 |
| BPS Change: H2, 2021 (O) to H2, 2022 (P) | (-) 67 |
| Country | USA |
|---|---|
| Market Share (2023) | 21.5% |
| Market Share (2033) | 21.1% |
| BPS Analysis | (-) 40 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 2.7% |
| Market Share (2033) | 2.3% |
| BPS Analysis | (-) 43 |
| Country | China |
|---|---|
| Market Share (2023) | 10.3% |
| Market Share (2033) | 14.0% |
| BPS Analysis | (+) 369 |
Increasing Demand for Plant-based Facial Oils Driving Market Growth in the USA
The USA facial oils market is driven by the increasing preference for plant based skincare products. Consumers are becoming more conscious of the ingredients they apply to their skin.
Consumers are opting for facial oils that are made from plant-based ingredients. The growing trend towards plant-based skincare products that are free from harsh chemicals and preservatives drives demand in the market.
The demand for high-quality facial oils is also increasing as consumers are willing to pay more. They are looking for premium products made from ingredients such as antioxidants and essential fatty acids.
The rise of e-commerce platforms has made it easy for consumers to access a wide range of facial oils from both local and international brands.
The USA facial oil industry is estimated to expand at a CAGR of 5.7% from 2023 to 2033.
Growing Awareness about the Benefits of Facial Oils Driving the Demand
The United Kingdom's market for facial oils is driven by the growing awareness of the benefits of facial oil products among consumers. The United Kingdom consumers are becoming more conscious of their skincare routines and are incorporating facial oils into their daily treatment.
The popularity of facial oils is also due to the increasing trend toward natural and organic skincare products that are free from harmful ingredients. The United Kingdom consumers are looking for facial oils that offer multiple benefits such as hydration, anti-aging, and brightening.
There is also a growing demand for facial oils that are suitable for all skin types, including oily and acne-prone skin. The rise of clean beauty brands and the availability of natural and organic facial oils have added to their popularity in the market.
The presence of several local and international brands has contributed to the growth of the United Kingdom's facial oil industry.
The United Kingdom's facial oil industry is anticipated to propel at a CAGR of 5.0% during the projection period.
Rising Demand for Premium Skin Care Products in China to Provide Opportunities to Suppliers
China is considered one of the leading economies in the world for facial oils due to the rising demand for premium skincare products among domestic consumers.
Consumers are concerned about the effects of pollution on their skin. They are seeking facial oils that can help protect and repair their skin from environmental damage. The rise of social media platforms has also contributed to the growth of the Chinese facial oil industry.
Various influencers and Key Opinion Leaders (KOLs) are also promoting several brands and products to their followers. It will lead to an increase in the sales of facial oil during the forecast period.
The facial oil industry in China is expected to accelerate rapidly with a CAGR of 9.2% between 2023 and 2033.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Face Moisturizing Oil To be the Center of Attraction among Consumers
Face moisturizing oil holds a significant revenue share in the facial oil industry. It is expected to soar at a steady rate in the forthcoming decade. Consumers are turning towards face moisturizing oil because they are considered a natural alternative to traditional moisturizers.
Face moisturizing oil has additional benefits such as skin hydration and moisturizing. It will lead to increased adoption becoming a significant contributor to the revenue share of the facial oil industry.
Surging Demand for Facial Oils among Female Consumers
By end-user segment, female customers account for sizeable revenue as compared to others due to rising awareness about skincare. Face oils are in high demand due to a growing inclination for self-grooming, anti-aging solutions, and skin protection, as well as an increasing frequency of working women.
Working women's hectic lifestyles are boosting demand for easily available and premium skincare products.
Online Retail to Reflect a Prominent Growth Rate
In terms of sales channels, the availability of facial oils in online stores is more widespread than compared to a few offline channels. This includes retail stores and departmental stores as offline channels.
Increasing demand for online shopping has led to the emergence of multiple online stores, thus, driving the demand for facial oils.
The facial oil industry has various key players competing on the basis of product quality, efficacy, brand reputation, and price. Companies are investing in research and development activities to develop new and innovative products and expanding their distribution channels.
For instance:
A moisturizing base is created by the Nordic combination of cloudberry and elderberry oils. While 3 oil-soluble proteins calm the appearance of the skin and minimize fine lines and wrinkles.
The freshly released face oils from the FDA-approved, paraben-free, and cruelty-free cosmetics line. It contains natural oils such as rosehip, cucumber, and delicious citrus peel that help fight stress and aging symptoms.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others (as per request) |
| Key Segments Covered | Product Type, End User, Sales Channel, Country |
| Key Companies Profiled | Shiseido; Procter & Gamble Co.; Burberry Group PIc.; Unilever; L'Oréal; Biersdorf AG; Avon Products, Inc.; Estée Lauder Companies; Amway; Chanel S.A.; Johnson & Johnson; Chatters Canada; Kao Corporation; Henkel; Edgewell Personal Care; Markwins Beauty Products; Mary Kay; Others (As per Request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global facial oil industry stood at USD 1,008.1 million in 2022.
The global facial oil industry is estimated to reach a valuation of USD 1,069.0 million in 2023.
The global facial industry is anticipated to expand at a CAGR of 6.0% from 2023 to 2033.
The USA is set to propel at a CAGR of 5.7% in the North American facial oil industry between 2023 and 2033.
The facial oil industry is expected to reach a valuation of USD 1,915.6 million by 2033.
Leading players in the global facial oil industry are estimated to account for around 20% to 25% of the total industry share.
1. Executive Summary | Facial Oil Market 2. Market Overview 3. Key Market Trends 4. Market Background 5. Global Market Demand Analysis 2018 to 2022 and Forecast 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Anti-aging Oil 8.2. Facial Cleaning Oil 8.3. Face Moisturizing Oil 8.4. Pre-shave Oil 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End User 9.1. Men 9.2. Women 9.3. Unisex 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 10.1. Online Channel 10.1.1. Direct to Consumers 10.1.2. Third-party to Consumers 10.2. Offline Channel 10.2.1. Specialty and Beauty Stores 10.2.2. Departmental Store 10.2.3. Hypermarket/Supermarket 10.2.4. Drug stores/Pharmacy 10.2.5. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country 11.1. United States 11.2. Canada 11.3. Mexico 11.4. Argentina 11.5. Brazil 11.6. Germany 11.7. United Kingdom 11.8. Spain 11.9. France 11.10. Italy 11.11. China 11.12. Japan 11.13. India 11.14. South Korea 11.15. Thailand 11.16. Indonesia 11.17. Malaysia 11.18. Singapore 11.19. Australia 11.20. United Arab Emirates 11.21. Kingdom of Saudi Arabia 11.22. Rest of World 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.1. Shiseido 20.2. Procter & Gamble Co. 20.3. Burberry Group Plc. 20.4. Unilever 20.5. L'Oreal 20.6. Biersdorf AG 20.7. Avon Products. Inc. 20.8. Estee Lauder Companies 20.9. Amway 20.10. Chanel S.A. 20.11. Johnson & Johnson 20.12. Chatters Canada 20.13. Kao Corporation 20.14. Henkel 20.15. Edgewell Personal Care 20.16. Markwins Beauty Products 20.17. Mary Kay 20.18. Other Players (As Requested) 21. Assumptions and Acronyms Used 22. Research Methodology
Explore Consumer Product Insights
View Reports
Facial Oil Market
