Cosmetic Oil Market Size By Source (Mineral Oil, Vegetable Oil {Coconut oil, Almond oil, Olive Oil, Palm Oil, Avocado Oil, Essential Oils}), By Application (Hair Care {Hair Oil, Shampoos}, Skin Care {Creams & Lotions, Massage oil, Baby oil, Soap-Based Product, Others}, Lip Care), By Function (Skin Conditioning & Moisturizing, Hair Conditioning), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Nov 2020  |  Report ID: GMI3982  |  Authors: Kunal Ahuja, Harneet Mehar

Report Format: PDF   |   Pages: 220   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Cosmetic oil market size exceeded USD 5.5 Billion, in 2019 and is estimated to grow at over 4.5% CAGR between 2020 and 2026. Increasing adoption of vegetable oil in cosmetics industry and growing consumer awareness towards personal care & grooming activities will spur the product demand.
 

Cosmetic oil is widely used in the formulation of skin and hair care products in form of hair oil, elixir oil, moisturizer and facial oil. The products including mineral oil, almond, olive, Palm, coconut and essential oils due to their nourishing and revitalizing properties are added to creams, ointments, bath oils, and lotions.
 

Cosmetic Oil Market Statistics

Get more details on this report - Request Free Sample PDF
 

High processing cost, limited availability of raw materials and stringent regulations particularly across the developed countries is expected to pose challenge for the market growth during the forecast period. The market participants are emphasizing to source high quality raw materials and developing innovative technology to produce high quality products. Moreover, manufactures are entering into long-term contracts with raw material suppliers in an order to enhance sustainability in competitive industry scenario thus boosting the cosmetic oil market share.
 

The imposition of lockdowns by governments of various countries across the globe in March 2020 to curb the spread of COVID-19 has significantly hampered the supply of raw materials owing to restricted movement. This has led to manufacturers reducing operations significantly and conduct only critical operations in a standby mode. COVID-19 pandemic is likely to hinder cosmetic oil market growth.
 

Cosmetic oil offers various benefits such as moisturizes, antioxidative effect, skin protection, and regenerative effect which makes it ideal for cosmetics applications. Cosmetic oil is a crucial ingredient in the formulation of almost all cosmetics include shampoo, skin creams, lotions, makeup, face wash, hair oil, sun protection lotion, and others. The cosmetics products comprise of mineral oils or vegetable oils.
 

However, a key trend observed in the cosmetic oil market is shifting preference towards vegetable oils for mineral oils in the cosmetics products. This trend is most likely to spur the demand for vegetable oils from cosmetics products during the forecast period.
 

Various cosmetic oil market manufacturers are emphasizing on increasing the productivity, developing and routes for a sustainable value chain primarily to cater to growing requirement for organic based cosmetic products. In July 2019, in corporation with Procter & Gamble (P&G), Cargill, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH under the partnership with the develoPPP.de program commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) established a certified coconut oil supply chain  from farm to refinery according to mass balance.
 

Cosmetic Oil Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 5,852.02 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.8% 2026 Value Projection: 7,927.24 Million (USD)
Pages: 220 Tables, Charts & Figures: 430
Geographies covered (5): North America, Latin America, Europe, Asia Pacific, Middle East and Africa
Segments covered: Source, Application and Function
Companies covered (12): Exxon Mobil, Sinopec Corporation, Maverik Oils, Renkert, Sonneborn, DoTerra, Symrise, ATDM CO.LTD, Henry Lamotte Oils GmbH, OLVEA Vegetable Oils, Cargill, Incorporated, BASF, Gustav Heess GmbH, Connoils, L’Oreal and Unilever
Growth Drivers:
  • North America: Rising skin problems among people will drive product demand
  • Europe: Growing personal care products manufacturing in the region will foster product demand
  • Asia Pacific: Increasing demand of natural ingredients to manufacture cosmetics will stimulate market growth
Pitfalls & Challenges:
  • Limited availability of raw materials and high processing costs

Get more details on this report - Request Free Sample PDF
 

Vegetable oil should witness steady growth due to rising adoption of organic cosmetics products across the globe

Cosmetic Oil Market by Vegetable Oil

Get more details on this report - Request Free Sample PDF
 

Global cosmetic oil market is bifurcated on the basis of source as mineral oil and vegetable oil. Global vegetable oil business was valued at USD 3,343.1 million in 2019. Vegetable oils primarily consists of triglycerides of fatty acid and are used in the formulation of cleansing products, bath products, creams, lotions, hair oil makeup products, lip care, fragrances, conditioners, moisturizers and other skin product.
 

Vegetable oil finds widespread adoption in the cosmetics products as an alternative to mineral oils owing to its ecofriendly nature and moisturizing properties. The most commonly used vegetable oil in cosmetics application includes coconut oil, olive oil, avocado oil and palm oil. Increasing demand for natural ingredients in the production of cosmetics is expected boost the demand for vegetable oils market.
 

Almond oil and coconut oil are among the most used base oil in skin care and hair care application. The demand for aforementioned products is expected to grow at a CAGR of 6.7% and 4.9%, respectively between 2020 and 2026. The cosmetic oils are the key ingredients for hair masks and shampoos. In 2019, the almond oil business is estimated to be valued over USD 660 million.
 

Growing adoption of organic products in cosmetics application should stimulate the growth of almond oil market

Cosmetic Oil Market by Almond Oil

Get more details on this report - Request Free Sample PDF
 

Global cosmetic oil market is bifurcated on the basis of application as hair care, skin care, lip care, make-up, and others. Cosmetic oils such as coconut oil and almond oils are used un hair care products to cure dandruff, treatment of itchy scalp, and moisturizers & conditioners. The cosmetic oils are the key ingredients for hair masks and shampoos. In 2019, the lip care application segment is estimated to be valued over USD 340 million.
 

The hair care segment is expected to register steady growth during the forecast period primarily owing to growing hair-related concerns. Furthermore, factors such as increasing air pollution, increasing population and rapid urbanization is expected to propel the growth of the cosmetic oil market. Among the hare care applications, hair oil application is expected to dominate the market in 2019 with over 65% share, however, Shampoos application segment is expected to highest growth during the forecast period owing to rising focus on hair care.
 

Excellent penetrative properties and hydrating effect should boost avocado oil based cosmetic oil demand for skin care applications

Avocado Oil Market Analysis

Get more details on this report - Request Free Sample PDF
 

Global cosmetic oil market is bifurcated based on function as skin conditioning & moisturizing, hair conditioning, and others. Cosmetic oil acts as an excellent moisturizer, antioxidant agent, and offers nourishment, and protection. The skin conditioning & moisturizing function segment was valued over USD 3719.1 Million.
 

Increase in demand for personal grooming products along with shift in consumer focus towards anti-aging products and acne reducing solutions will drive industry growth. Furthermore, rising skin problems and hair fall issues owing to pollution, genetic disorder, hormonal imbalance, etc.is expected to drive the cosmetic oil market revenue. Moreover, socio-economic factors such as increasing populace, rising disposable income, rapid urbanization, economic growth and increasing number of affluent populations should the market growth.
 

Cosmetic oil demand in North America is attributed to increasing consumption of skin care products

Cosmetic Oil Market by Region

Get more details on this report - Request Free Sample PDF
 

North America was valued at USD 1,519.4 million in 2019. The North America cosmetic oil business is expected to witness steady growth during the forecast period, primarily attributed to increase in skin care products. The demand for avocado oil, almond oil and coconut oil is expected to witness significant growth owing to antioxidant and moisturizing properties. The U.S. cosmetic oil market is forecasted to register a CAGR of 4.2% between 2020 and 2026.
 

The growth of cosmetics industry driven by factors such as increasing concerned about aesthetics and investment on beauty products along with shifting inclination toward origin-specific ingredients is expected to significantly drive the growth of global market. The North America is driven by changing demographics, rising demand for man grooming products, rising internet penetration and smartphone, thereby propelling the online sales of beauty & personal care products.
 

The cosmetic oil market is expected to have significant impact owing to the factor such as the insatiable desire for beauty along with increasing consumer preference for durable and consistent products.
 

Strategic initiatives and product innovation to remain prime business strategies by market players

Global cosmetic oil industry is fragmented, and the key players include Exxon Mobil, Sinopec Corporation, Maverik Oils, Renkert, Sonneborn, DoTerra, Symrise, ATDM CO.LTD, L’Oreal and BASF SE. Companies are primarily engaged in developing innovative long-term contracts with suppliers and the development of innovative productive gain competitive advantage. The companies are adopting various strategies such as product development, merger & acquisition, collaboration and acquisition.
 

In 2018 the company shifted its Oil palm based cosmetic ingredients portfolio and is exclusively offered as Roundtable on Sustainable Palm Oil (RSPO) certified. This development provides a competitive advantage to BASF and allows it to improve the goodwill in the market.
 

The cosmetic oil market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Source

  • Mineral oil
  • Vegetable oil
    • Coconut oil
    • Almond oil
    • Olive Oil
    • Palm Oil
    • Avocado Oil
    • Essential Oils
    • Others

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

By Function

  • Skin Conditioning & Moisturizing
  • Hair Conditioning
  • Other

The above information has been provided for the following regions:

By Region

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

 

Frequently Asked Questions (FAQ) :

The global cosmetic oil market size surpassed USD 5.5 Billion in 2019 and is poised to grow at 4.5% CAGR through 2026 attributed to the increasing adoption of vegetable oil in the cosmetics industry and rising consumer awareness towards personal care & grooming activities.
The vegetable oil segment was valued at USD 3,343.1 million in 2019 and is likely to expand substantially owing to its rising usage in creams, lotions, hair oil, lip care, fragrances, conditioners, moisturizers, and other skin products.
Owing to the increasing air pollution, rapid urbanization, and rising hair-related concerns, the hair care segment in the global cosmetic oil industry is set to register steady growth.
Due to the increase in skincare products in North America, the U.S. cosmetic oil industry outlook is estimated to grow at a CAGR of 4.2% through 2026.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Nov 2020
  • Pages: 220
  • Tables: 409
  • Charts / Figures: 21
  • Companies covered: 12
  • Countries covered: 5

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X