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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Cosmetic Oil Market Outlook

The global cosmetic oil market reached a value of about USD 62.51 billion in 2023. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032.

Cosmetic Oil Market

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Coconut Oil to Present Lucrative Growth Opportunities for the Market Growth of Cosmetic Oil

Due to a high demand in the Asia Pacific region, especially India, the coconut oil product segment is anticipated to see a favourable growth over the forecast period. These oils are wide-ranging in the cosmetics industry and are likely to see a robust demand from countries like South Korea, India, and Japan. Due to its natural properties, many well established as well as emerging brands have begun to use coconut oil.

Olive oil is also expected to be a robustly growing segment. Due to the unique anti-inflammatory characteristics of this product, the segment is witnessing a healthy demand. L’Oréal SA (EPA: OR) introduced a range of hair spa products with its main ingredient as olive oil and 6 oil-fed oil-in-scream. Essential oils like orange, lemon, and peppermint are also increasingly used by multiple companies to produce cosmetics and personal care oils. 

Cosmetic Oil: Market Segmentation

Cosmetic oils are being used as key ingredients in lipsticks, lip balms, moisturisers, and serum in hair and skin-care products like hair, facial oils, and elixir oils.

Cosmetic Oil Market By Segments

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On the basis of type, the market is divided into:

  • Almond Oil
  • Coconut Oil
  • Olive Oil
  • Essential Oil
  • Others

By application, the market is divided into:

The regional markets for cosmetic oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Cosmetic Oil Market By Region

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Rising Demand for Natural Cosmetic Ingredients to Bolster the Market Growth

The growing demand for natural ingredients is increasing the demand for the product. Bio-oils have recently been found to replace chemical face creams by their ability to reduce hyperpigmentation, acne, stretch marks, and dry skin. With increasing consumer expectations of the ingredients used in cosmetics, a strong growth can be seen in the natural and organic cosmetics markets in the years to come, thus, aiding the market growth. Initiatives are being taken by companies like Innisfree, Farsali, Khadi, and Biotique in order to thrive in the cosmetic oil industry with the launch of a variety of essential oils and hair and facial pressure oils. Increased skin problems caused by pollution, hormonal imbalances, genetic disorders, and other factors are anticipated to further drive the demand in the market. Rising global disposable incomes will stimulate growth in the cosmetics industry, which will further increase product demand. The increased use of hair oils and shampoos to treat hair loss problems will strengthen the growth of the cosmetic oil industry.

Key Industry Players in the Global Cosmetic Oil Market

The report gives a detailed analysis of the following key players in the global cosmetic oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Unilever plc
  • The Estée Lauder Companies
  • Procter & Gamble Company
  • Coty Inc.
  • Johnson & Johnson Services, Inc
  • Kao Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Almond Oil
  • Coconut Oil
  • Olive Oil
  • Essential Oil
  • Others
Breakup by Application
  • Skin Care
  • Lip Care
  • Hair Care
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Unilever plc
  • The Estée Lauder Companies
  • Procter & Gamble Company
  • Coty Inc.
  • Johnson & Johnson Services, Inc
  • Kao Corporation
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2020, the global cosmetic oil market attained a value of nearly USD 62.51 billion.

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

The major drivers of the market include the initiatives by companies like Innisfree, and Biotique, increased skin problems, rising global disposable incomes, and increased use of hair oils and shampoos to treat hair loss problems.

The growing demand for natural ingredients and increasing consumer expectations are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific with Asia Pacific accounting for the largest share in the market.

Olive oil is the dominant type of oil in the market.

By application, the market is divided into skin care, lip care, and hair care, among others.

The major players in the industry are Unilever plc, The Estée Lauder Companies, Procter & Gamble Company, Coty Inc., Johnson & Johnson Services, Inc, and Kao Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124