USD 8.64 billion
Cosmetic Oil Market Size, Share, Growth Analysis, By Product(Olive, Almond, Coconut, Essential), By Function(Skin Conditioning, Moisturizing, Hair Conditioning, Others), By application(Hair care, skincare, and lipcare), By sales channel(Offline and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2199 |
Region:
Global |
Published Date: April, 2024
Pages:
226
|Tables:
118
|Figures:
77
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Phase I
Fastest Growth
Phase II
Growth Rate
12.21% CAGR
Global Cosmetic Oil Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Cosmetic Oil Market Segmental Analysis
The Global Cosmetic Oil Market is segmented based on the Product, Function, application, sales channel, and region. Based on the Product, the Global Cosmetic Oil Market is segmented as Olive, Almond, Coconut, Essential, and Others. Based On Function, the Global Cosmetic Oil Market is segmented as Skin Conditioning, Moisturizing, Hair Conditioning, and Others. Based on application, the market is segmented into haircare, skincare, and lip care. Based on sales channel, the market is segmented into offline and online. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cosmetic Oil Market Analysis by Product
Due to substantial demand from the APAC region, particularly India, the coconut oil product sector is anticipated to increase favorably throughout the projection period. These oils have a wide range of beauty sector applications, which has led to an increase in demand from nations including South Korea, India, and Japan. Due to its natural qualities, coconut oil is now used by numerous well-known and up-and-coming firms. For instance, Farsali produces facial oils, a popular item among make-up artists all around the world. A CAGR of 5.5% is predicted for olive oil, making it the second-fastest-growing product category throughout the projection period. Due to this product's distinct anti-inflammatory characteristics, there is a strong demand for it, which is the cause of this increase.
Cosmetic Oil Market Analysis by Function
Global Cosmetic Oil market has been segmented on the basis of end user as Skin Conditioning, Moisturizing, Hair Conditioning and others. Among these, by 2027, the global market for skin conditioning and moisturizing cosmetic oils is anticipated to grow to a size of over USD 4.05 billion. By restoring suppleness and lowering flaking, cosmetic oils are used as skin conditioners to improve the appearance of dry and damaged skin.
Due to the growing number of skin issues brought on by hereditary disorders, pollution, hormonal imbalance, and other factors, among others, skin conditioning and moisturizing is the market category with the quickest growth. The market for cosmetic oils will see an increase in revenue due to rapid urbanization, rising pollution levels, and growing consumer awareness of various skin care products.
Global Cosmetic Oil Market By Phase
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Cosmetic Oil Market Regional Insights
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.
Also, with leading-edge advancements in the cosmetics sector and extensively used South Korean-made products, South Korea is one of the world's top cosmetics marketplaces.
Korean beauty enterprises have entered the international market as a result of the enormous interest in K-beauty products among customers in the United States and Europe. Koreans favour locally manufactured goods because they are just as high-quality as imports from the US and Europe, but they are less priced. This has helped the growth of local players as well as the expansion of their market.
The price differential between luxury and mass-produced goods as well as product promotion are the main causes of the increased demand for these cosmetic oils. Due to this, demand for K-beauty products has increased globally, especially in US and Europe.
Global Cosmetic Oil Market By Geography
- Largest
- Fastest
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Cosmetic Oil Market Dynamics
Cosmetic Oil Market Driver
- 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.
- Products for hair and skin care use oils for the face, hair, and elixirs. Additionally, these cosmetic oils are used as the primary component in lipsticks, lip balms, moisturizers, and serums. The market will expand due to rising demand for hair products that contain beauty oils like argon oil, which help with the treatment of dandruff, dry scalp, and other difficulties.
Cosmetic Oil Market Restraint
- A primary effect on the cosmetic oil sector has been the decrease in the travel industry and the expansion of work from home, which has led to a fall in the demand for grooming and personal care goods.
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Cosmetic Oil Market Competitive Landscape
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.
The crucial producers and providers in the sector are concentrating on establishing long-term alliances with end customers in order to seize the current commercial opportunity. More importantly, new market entrants are providing reasonably priced cosmetic oils that give the whole spectrum of skin benefits that a potential customer seeks. Customers' interest in this company has ignited, leading to a rapid growth in size.
Cosmetic Oil Market Top Player's Company Profiles
- 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.
Cosmetic Oil Market Recent Developments
- 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.
Cosmetic Oil Key Market Trends
- 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.
- Additionally, the cosmetics industry has seen an increase in the popularity of organic and natural goods in recent years, which gives an opportunity for businesses operating in the sector. As cosmetics manufactured from diverse vegetable oils become more inventive, the market for cosmetic oils is positioned to expand.
Cosmetic Oil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cosmetic Oil Market Analysis, in terms of function, The cosmetic oil market has been segmented into categories for skin conditioning and moisturizing, hair conditioning, and others based on function. Over the projected period, the others function category is anticipated to expand at a CAGR of almost 4.6%.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 8.64 billion |
| Market size value in 2031 | USD 24.4 billion |
| Growth Rate | 12.21% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cosmetic Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cosmetic Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cosmetic Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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