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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.
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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 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.
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On the basis of type, the market is divided into:
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.
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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.
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:
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.
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:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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