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Cosmetic Oil Market Size - By Source, Application, Function Analysis, Share, Growth Forecast, 2025-2034

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Cosmetic Oil Market Size

The global cosmetic oil market was valued at USD 7 billion in 2024 and is estimated to grow at a CAGR of over 6.5% from 2025 to 2034.
 

Cosmetic Oil Market

The demand for organic and natural cosmetics has spearheaded the growth of the cosmetic oil market. Due to the increasing trend of wellness and sustainability, coconut, rosehip, and jojoba oil are increasingly gaining traction because of their anti-inflammatory, nourishing, and hydrating properties. These oils see a wide array of usage, from scrubs and serums to hair oils and lotions.

The ever-increasing demand for removing synthetic chemicals from beauty products has seen growth in the usage of therapeutic and skincare oils. The premium skincare market has experienced a definitive boost due to this factor alongside the rising trend of self-care. The previous two factors combined with the influence of beauty influencers on social media has contributed to the increase in demand for these products.
 

Due to the rising demands of packaging and product formulation, the cosmetic oil market is projected to expand as more businesses invest themselves in sustainability. This, along with the current focus of consumers on ingredients, is set to increase the growth of this market on a global scale. As consumers place more emphasis on organic and natural beauty products such as lotions, oils and hair care, the demand for these skincare products are set to grow exponentially.
 

Cosmetic Oil Market Trends

There is a considerable increase towards a demand which incorporates cruelty-free and ethically sourced oils, this steams from people being more cognizant on ingredient transparency, sustainability and ecofriendly packaging. Moreover, multifunctional oils which provide multiple skincare benefits are going up in shifts as well. The growth of e commerce along with influencer marketing is increasing market penetration among the younger audiences that are prudent to healthy beauty regimes.
 

Cosmetic Oil Market Analysis

There is a shift towards the market to cater the increasing demand for beauty products that are clean and natural, these oils are however oiled in by the trend of wellness. The masses are pulling towards the use of oils as they provide enriched and nutrient based formulation for the skin and hair. Squalane, marula and camellia oils are in high demand as they provide anti aging and deep hydration benefits.
 

There has been more focus and concern towards the harmful effects of synthetic chemicals which has allowed the up rise to the plant-based alternatives. There is room for growth if the product range is enhanced, targeting specific audiences, for example anti-inflammatory or brightening oils. Greener sourcing methods and delivery systems innovation, non-greasy and light formulations are potential areas of further growth.
 

Cosmetic Oil Market Size, By Source, 2021 - 2034 (USD Million)

In 2024, the plant base cosmetic oil market was worth USD 3.2 billion, and is projected to grow at a CAGR of 6.6% during the years 2025-2034. The cosmetic oil industry is largely dominated by plant-based oils because of their sustainable, natural and multifunctional attributes.
 

Argan, jojoba, coconut, and rosehip seed oil can provide nourishment, hydration and repair for skin, as these oils are packed with vitamins, antioxidants and essential fatty acids. This strength has been fueled by the increasing consumer concern for clean beauty products, as plant-derived oils regarded as more innocuous and environmentally friendly than synthetic ingredients. In addition, since these oils are suitable for vegan and cruelty-free products, they are in focus for brands such as health and eco-friendly products.

Cosmetic Oil Market Revenue Share, By Application, (2024)

The cosmetic oil market from skincare segment was estimated at USD 2.7 billion by 2024, with a growth rate of 6.8% CAGR expected between 2025 and 2034. Skincare is the largest segment in the cosmetic oils market considerably due to the growing need of the consumers for natural and safe skin health solutions.
 

Argan, jojoba, and rosehip oils are dominantly used for their moisturizing and nourishing capabilities as well as for addressing dryness, aging, acne, etc. With the growing trend of clean beauty, skincare oils have become indispensable tools due to their antioxidant, anti-inflammatory and hydrating benefits. Their capacity to address various skin concerns also enhances their relevance in the market further. As more consumers look for products that are free of synthetic ingredients, it is expected that so skincare oils will continue to be on top of the market, which is in line with the trend toward sustainable skincare.
 

Cosmetic oils are expanding in popularity due to the growing consumer base that is willing to spend on skin conditioning and moisturizing products. Following the trend, which is encouraging clean beauty, a significant rise in demand is being witnessed for natural emollients particularly oils that relieve dry skin without clogging pores. Moisturizers that provide compact hydration that do not dry out the skin are constantly becoming a concern. With the growing concern to maintain skin elasticity and aid layers intact, the oils that nourish the skin and protect from further damage are gaining traction in the cosmetic oil market.
 

Shifting towards modern skincare focuses on maintaining or improving the moisture barrier which is crucial for radiant skin – and for that, oils are becoming an essential part of the daily routine. As the market for oils increases, it is projected that the value reached USD 4.3 billion USD 2024 with the skincare oil sector increasing by 7% CAGR till 2034.
 

China Cosmetic Oil Market Size, 2021- 2034 (USD Million)

With a valuation of USD 1.2 billion in 2024, China cosmetic oil market is estimated to expand in a CAGR of 8.8%. The increasing numbers within the beauty and personal care industry helps China take up a crucial position within the global cosmetic oil industry. China’s population seems to prefer and is more inclined to products that feature whitening, anti-aging and skin nurturing elements. The rapidly growing e-commerce structures and widespread digital marketing further extend market access especially for overseas brands. A bonus is the facility of local consumption and export opportunities provided by China’s manufacturing capabilities of camellia tea tree oils.

 

Cosmetic Oil Market Share

BASF SE, Cargill, Clariant AG, DoTERRA International, ExxonMobil and Gandhar Oil Refinery are some of the key participants in the competition that helps shape and mold the cosmetic oil industry. With Cargill’s assistance, local businesses have been able to obtain raw materials that outsource in a sustainable manner. Furthermore, Clariant AG along with BASF SE have been able to establish a firm control within the market as major suppliers of pure and fully natural cosmetic beauty products.
 

Essential oil fanatics primarily fancy doterra international because they provide top quality products with a price mark that excels the competition. When considering oil extraction, Gandhar Oil Refinery employs innovation and intelligence to provide cheap alternatives in emerging markets. The company targets and customizes their oils to meet the needs of the ever-changing market and high quality oils, alongside strong distribution channels grabs the attention of many. ExxonMobil has recently started manufacturing specialty oils in small quantities, however they still primarily center around petro.
 

Cosmetic Oil Market Companies

Major players operating in the cosmetic oil industry are:

  • ATDM
  • BASF SE
  • Cargill
  • Clariant AG
  • Do Terra International
  • ExxonMobil Corporation
  • Gandhar Oil Refinery India
  • Givaudan
  • Henry Lamotte Oil
  • Maverik Oils
  • Olvea Vegetables Oil
  • Petro Canada Lubricants
  • Renkert Oil
  • Sophim
  • Sonneborn
  • Symrise AG
  • Vigon International
  • Young Living
     

Cosmetic Oil Industry News

  • In December 2023, Uniliver made K18 a part of their portfolio as the firm was gaining rapid popularity because they addressed the issue of hair damage through technology targeting professionals and consumers.
     
  • In August 2023, L’Oréal completed the acquisition of Aesop. The acquisition was announced on April 3, 2023, and Aesop joined L’Oréal’s Luxe Division. The integration aims to leverage Aesop’s unique brand DNA and values to expand its global presence and growth potential.
     

This cosmetic oil market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

Market, By Source

  • Mineral oil
  • Nut oil
    • Macadamia oil
    • Walnut oil
    • Hazelnut oil
    • Pecan oil
    • Kalahari melon oil
    • Brazil nut oil
    • Mongongo oil
    • Others
  • Plant oil
    • Almond oil
    • Argan oil
    • Coconut oil
    • Olive oil
    • Avocado oil
    • St. John's wort oil
    • Jojoba oil
    • Micro-algae oil
    • Others
  • Vegetable oils
    • Palm oil
    •  Soy oil
    • Hemp oil
    • Sesame oil
    • Rice bran oil
    • Sunflower oil
    • Safflower oil
    • Borage oil
    • Rapeseed oil
    • Others

Market, By Application

  • Hair care
    • Hair oil
    • Shampoos
    • Other
  • Skin care
    • Creams & lotions
    • Massage oil
    • Baby oil
    • Soap-based product
    • Others
  • Make-up
  • Lip care
  • Others

Market, By Function

  • Skin conditioning & moisturising
  • Hair conditioning
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :
Who are the major players in the cosmetic oil industry?
Major players in the industry include ATDM, BASF SE, Cargill, Clariant AG, Do Terra International, ExxonMobil Corporation, Gandhar Oil Refinery India, Givaudan, Henry Lamotte Oil, and Maverik Oils.
What is the market value of the cosmetic oil market in China?
What is the market size of the plant oil segment in the cosmetic oil industry?
How big is the global cosmetic oil market?
Cosmetic Oil Market Scope
  • Cosmetic Oil Market Size
  • Cosmetic Oil Market Trends
  • Cosmetic Oil Market Analysis
  • Cosmetic Oil Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 18

    Tables & Figures: 165

    Countries covered: 18

    Pages: 235

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