17 Jun 2019 San Francisco; The global cosmetic oil market size is expected to reach USD 72.28 billion by 2025 at a CAGR of 5.2%, according to a new report by Grand View Research, Inc.
Cosmetic Oil Market Size, Share & Trends Analysis Report By Product (Almond, Olive, Coconut, Essential Oils), By Region (North America, Europe, Asia Pacific, MEA, Central & South America), And Segment Forecasts, 2019 - 2025
Increasing use of beauty oils by the hair and skin care industries is the key factor driving the growth for the market. Cosmetic oils play a vital role in treating various hair and skin problems like dandruff, acne, eczema, and dermatitis. Such oils have natural and organic ingredients used to manufacture hair oils, facial oils, massage oils, and other cosmetic products. These factors are driving their demand among consumers as a part of their daily care regime.
Moreover, several antimicrobial, moisturizing, and anti-inflammatory properties of the product will drive the demand further. For instance lavender oil soothes minor burns and sunburns whereas tea-tree oil carries anti-inflammatory properties and is useful to treat eczema or acne. Some of the popular cosmetic oils, such as olive oil and coconut oil, are long-time personal care favorites worldwide, hence are used to manufacture a number of hair and skin care products with multiple formulation. Increasing usage of organic ingredients, such as essential oils, in personal care products appears to have set a new standard in the cosmetic industry.
The essential oil product segment is expected to register a CAGR of 5.8% from 2019 to 2025. A key trend that has imparted a robust momentum to market growth is the natural and non-toxic claims made by a growing number of personal care companies like L’Oreal, Coty, and Unilever. Europe is expected to be the second largest market due to rising demand for product, especially almond oil, in the region. Asia Pacific occupies the largest share of the market. Countries, such as South Korea, are known for beauty trends and innovations, featuring sophisticated ingredients and aesthetically appealing packaging and represents nearly 2.9% of the global market.
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www.grandviewresearch.com/industry-analysis/cosmetic-oil-market
www.grandviewresearch.com/industry-analysis/cosmetic-oil-market
Further key findings from the study suggest:
- Asia Pacific is projected to reach a valuation of USD 24.65 billion by 2025 registering the highest CAGR of 5.8% from 2019 to 2025
- Others product segment accounted for 17.41% of the total market share in 2018. However, it is projected to witness a slight decline in the next few year
- Key companies in the cosmetic oil market are L’Oreal S.A.; Unilever; The Procter & Gamble Company; Shiseido Co., Ltd.; Avon Products, Inc.; and Beiersdorf AG
- New product launch is one of the major strategies followed by most of these companies to gain competitive edge and to expand their product portfolio
- For instance, Estee Lauder has been seen launching a variety of facial serums containing natural oils as a main ingredient for all purpose skincare regime
Grand View Research has segmented the global cosmetic oil market on the basis of product and region:
Cosmetic Oils Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Almond
- Olive
- Coconut
- Essential
- Others
