Cosmetic Oil Market
Cosmetic Oil Market Share & Trends Analysis, By Product Type (Coconut Oil, Almond Oil, Castor Oil, Argan Oil, Essential Oil), By Application Type(Body, Hair, Face, Nails) By Sales Channel (Offline, Online) & By Region Forecast- Global Review 2021 to 2031
Analysis of Cosmetic Oil Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cosmetic Oil Market Forecast and CAGR
According to the most recent Fact.MR report, the cosmetic oil industry is expected to grow rapidly between 2021 and 2031, with a CAGR of 5.8%. Interest in these oils will see a significant recovery in the years 2021-2022, with a promising long-term development outlook.
Cosmetic oils are used for a variety of objectives depending on skin type, such as preventing irritation, skin inflammation, and providing nourishment. Initially, cosmetic oils were mainly targeted at women, but as beauty awareness grew, so did the number of influencers on various social media platforms, and thereby manufacturers began to target men as well. Over the projection period, diversification of operations to various demographics is anticipated to enhance the business of cosmetic oils.
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What is Driving Demand for Cosmetic Oil?
Hair, face, and elixir oils are used in hair and skin care products. Moreover, lipsticks, lip balms, moisturizers, and serums contain these cosmetic oils as the main ingredient. Increasing demand for hair products containing beauty oils like argon oil, which aid in the treatment of dandruff, dry scalp, and other issues, will propel the market forward.
Product demand is being boosted by the rising demand for natural ingredients. The demand for such oils in the cosmetic industry is also driven by their aesthetic benefits. Bio-oils have recently gained popularity as a natural alternative to chemical-based face creams due to their potential to treat hyperpigmentation, scars, stretch marks, and dry skin.
A strong increase in the markets for natural and organic cosmetics is anticipated in the next years, owing to the increasing consumer expectations about the substances used in cosmetics. Companies like Innisfree, and Biotique are releasing a variety of essential oils and cold-pressed face and hair oils to grow in the cosmetic oil market.
Furthermore, increased skin problems as a result of pollution, hormone imbalances, hereditary abnormalities, and other factors are predicted to boost demand for cosmetic products which incorporate cosmetic oils. Increasing demand from the facial oil sector as well is likely to fuel the market expansion of cosmetic oils in the coming years.
Covid-19 Impact on Global Cosmetic Oil Market
At the start of Q2, there was a lot of speculative demand for cosmetics at retail and department shops. This has generated enough impetus to compensate for anticipated losses from cosmetics powerhouses in Q3. Following the reopening of markets in the first quarter of 2021, demand was turned upside down due to a weak consumer basket orientation, which favored savings over the purchase of beauty items.
The decrease in the travel business and the extension of work from home has resulted in a decreased need for grooming and personal care products, which has had a cascading effect on the cosmetic oil industry as well.
On the back of strong consumer behavior and work from home factors, business growth is anticipated to approach pre-COVID levels by Q1 of FY2022.
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US Cosmetic Oil Market Geographical Outlook
The United States is the most important market, with a large client base that annually spends hundreds of dollars on personal care and cosmetics. The regional cosmetic leaders such as Bramble Berry, MakingCosmetics Inc., and others, to name a few, have cashed in millions of dollars in profits with their over-the-top marketing and channeling strategies in the cosmetic oil market with competitive pricing and consumer-targeted marketing over the past half-decade.
The leaders in the cosmetics industry are expected to create billions of dollars by investing in the creation of bio-based cosmetic oils and inclining towards strong consumer behavior about these products. Additionally, US women spend on an average around US$ 1,000 to US$ 3,000 annually on cosmetic products and treatments, which in turn showcases the country’s budding potential.
Owing to the aforementioned factors, the country is poised to experience higher growth in the upcoming forecast period.
South Korea Cosmetic Oil Market Geographical Outlook
South Korea is one of the world's leading cosmetic markets, with industry-leading innovations and widely adopted South Korean-made goods.
Because of the huge interest in K-beauty items among consumers in the United States and Europe, Korean beauty companies have broken into the global market. Koreans prefer locally produced goods since their quality is comparable to that of products imported from the United States and Europe, and these imports are more expensive. This has not only aided regional players' growth, but it has also aided their market expansion.
The rising demand for these cosmetic oils is mostly due to premium and mass product pricing as well as product promotion. This has resulted in a surge in demand for K-beauty products all over the world, particularly in the United States and Europe.
Because of the high demand from local customers in the United States and Canada, retailers such as Walmart, Target, and Costco, to mention a few, are sourcing K-Beauty items.
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Who are the Key Manufacturers of the Cosmetic Oil Market?
Some of the leading manufacturers of the cosmetic oil market are
- Vcos Cosmetics Pvt Ltd
- Aroma Foundry
- A.G. Industries
- AOT Organic Products
- Uncle Harry's Natural Products
- Botanic Choice
- MakingCosmetics Inc.
- SOPHIM
- Bramble Berry
- Marnys
The market is highly fragmented, with product sales split across several manufacturers. Product launches, the introduction of new ingredients, collaborations, acquisitions, and the building of regional and worldwide distribution networks are all examples of strategies that are being adopted by companies in the market.
To take advantage of the ongoing business opportunity, the industry's vital producers and providers are focusing on forming long-term partnerships with end-users. More importantly, new entrants to the market are offering affordable cosmetic oils which provide the whole range of skin advantages that a potential customer seeks. This business has piqued the interest of customers and thereby has quickly increased in size.
Cosmetic Oil Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
-
By Product Type:
- Coconut Oil
- Almond Oil
- Olive Oil
- Castor Oil
- Argan Oil
- Essential Oil
- Others
-
By Application Type:
- Body
- Hair
- Face
- Nails
-
By Sales Channel:
- Offline
- Super and Hyper Markets
- Convenience Store
- Others
- Online
- Direct Sales
- Third Party E-Commerce Sales
- Offline
-
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Application Type 6.3. Sales Channel 7. Global Market Analysis and Forecast, By Product Type 7.1. Coconut Oil 7.2. Almond Oil 7.3. Olive Oil 7.4. Castor Oil 7.5. Argan Oil 7.6. Essential Oil 7.7. Others 8. Global Market Analysis and Forecast, By Application Type 8.1. Body 8.2. Hair 8.3. Face 8.4. Nails 9. Global Market Analysis and Forecast, By Sales Channel 9.1. Offline 9.2. Online 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Application Type, and Sales Channel for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Vcos Cosmetics Pvt Ltd 20.2. Aroma Foundry 20.3. A.G. Industries 20.4. AOT Organic Products 20.5. Uncle Harry's Natural Products 20.6. Botanic Choice 20.7. MakingCosmetics Inc. 20.8. SOPHIM 20.9. Bramble Berry 20.10. Marnys
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Application Type
Table 4: Global Market US$ Mn Forecast by Sales Channel
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Product Type
Table 7: North America Market US$ Mn Forecast by Application Type
Table 8: North America Market US$ Mn Forecast by Sales Channel
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Application Type
Table 12: Latin America Market US$ Mn Forecast by Sales Channel
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Application Type
Table 16: Western Europe Market US$ Mn Forecast by Sales Channel
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Application Type
Table 20: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Application Type
Table 24: East Asia Market US$ Mn Forecast by Sales Channel
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Application Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Application Type
Table 32: MEA Market US$ Mn Forecast by Sales Channel
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much Growth will be achieved by Cosmetic Oil Market?
The cosmetic oil market worth is likely to grow at 5.8% over the forecast years.
Why Cosmetic Oil Market has Higher Growth Potential?
Growing inclination towards natural skin-care products is driving the cosmetic oil market growth.
Where is Most Opportunities for Cosmetic Oil Industry Players?
United States is expected to be most lucrative market for cosmetic oil industry players.
Cosmetic Oil Market