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Cosmetic Oil Market Size

  • Report ID: GMI3982
  • Published Date: Jan 2022
  • Report Format: PDF
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Cosmetic Oil Market Size

Cosmetic Oil Market size exceeded USD 4.8 billion in 2020 and is estimated to grow at over 5.5% CAGR between 2021 and 2027 due to growing demand for organic products and increasing adoption of vegetable oil in cosmetics industry.

cosmetic oil market outlook
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Cosmetic oils are carrier oils, used as a major ingredient in cosmetic products, such as moisturizers, serums, lipsticks, lip balms along with several other hair and skin-care products. Cosmetic oils offer skin protection benefits such as calming rashes, reducing wrinkles, and shrinking enlarged pores to avoid the risk of acne on skin. They are also used in the formulation of cosmetic products such as make-up, exfoliating agents, creams, and body lotions.

 

The growing demand for cosmetic products owing to the increasing individual consciousness towards external beauty will boost the cosmetic oil market sales. Cosmetic oil is used in cosmetic products owing to its natural ability to moisturize & nourish skin and impart natural odor. Rapid development of the gender-neutral cosmetic market along with the expansion of men-based beauty products is expected to propel the product growth during the forecast timeframe.
 

Cosmetic Oil Market Report Attributes
Report Attribute Details
Base Year:2020
Cosmetic Oil Market Size in 2020:USD 4,856.6 Million
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:5.5%
2027 Value Projection:USD 7,064.25 Million
Historical Data for:2016 to 2020
No. of Pages:335
Tables, Charts & Figures:484
Segments covered:Source, Application and Function
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: Increased awareness about beauty products along with increased demand for natural ingredients to manufacture cosmetics will stimulate market growth
Pitfalls & Challenges:
  • Limited availability of raw materials and high processing costs
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Coronavirus spread has led to reduced consumption of cosmetic products due to the decreased consumer expenditure on these products due to work-from-home trends. This has restricted the demand for non-essential hair & skin care products while the demand for basic products including oils and shampoos have not witness much decline in sales. The slow economic recovery due to the COVID-19 pandemic negatively impacted the cosmetic product sales in 2020 but have a strong potential for continued growth in the coming years.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global cosmetic oil industry size was worth USD 4.8 billion in 2020 and will record a 5.5% CAGR up to 2027 impelled by higher penetration of vegetable oil across the cosmetics industry and the burgeoning need for organic products.

Cosmetic oils, including coconut oil, almond oil, olive oil, palm oil, avocado oil, essential oils, soy oil, sunflower oil, jojoba oil, argan oil, and rapeseed oil are typically carrier oils, employed as major ingredients in cosmetic products, and several other hair and skin-care products.

Demand for cosmetic oils in hair care applications will exceed USD 2.95 million by 2027 with rising adoption in hair oil, shampoos, conditioners, serums, and other hair styling products to offer a shiny & smooth texture.

North America is poised to register a cosmetic oil industry revenue share of more than USD 1.75 billion through 2027 driven by the presence of major cosmetic brands and the growing requirement for multifunctional & advanced cosmetic products.

Cosmetic Oil Market Scope

  • Cosmetic Oil Market Size
  • Cosmetic Oil Market Analysis
  • Cosmetic Oil Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 15
    • Tables & Figures: 484
    • Countries covered: 20
    • Pages: 335
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