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Skincare Oil Market Trends

  • Report ID: GMI8158
  • Published Date: Feb 2024
  • Report Format: PDF

Skincare Oil Market Trends

With the rise of veganism and increasing concern for animal welfare, there is a growing demand for skincare oils derived from plant sources rather than animal-derived ingredients such as lanolin or emu oil. Consumers are increasingly mindful of the environmental impact of their skincare choices. Brands are responding by adopting sustainable sourcing practices for ingredients, reducing packaging waste and using recyclable or biodegradable materials for packaging. Consumers have also been increasingly seeking skincare products formulated with natural and organic ingredients. This trend has led to a surge in demand for skincare oils derived from plant sources such as argan oil, jojoba oil, rosehip oil, and coconut oil.
 

Additionally, the men's skincare market including skincare oils is also expanding as men become more conscious of grooming and self-care. Brands are introducing products specifically tailored to the needs and preferences of male consumers including packaging and formulations. Consumers are increasingly seeking personalized skincare solutions tailored to their specific skin concerns and preferences.
 

Some brands offer customization options where consumers can choose the ingredients and formulations that best suit their needs. Social media platforms, such as Instagram & YouTube, play a significant role in shaping consumer preferences and driving trends in the skincare industry. Moreover, influencers & beauty bloggers often promote skincare oils, showcasing their benefits and sharing personal experiences, thereby influencing purchasing decisions.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Skincare oil market size was USD 5 billion in 2023 and is expected to register over 5.1% CAGR from 2024-2032 owing to its benefits, such as moisturizing, anti-aging, and antioxidant properties, gaining popularity worldwide.

Skincare oil industry from the coconut segment recorded USD 1 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to consumers increasingly seeking natural and organic skincare products.

Asia Pacific skincare oil industry size recorded USD 1.8 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid urbanization and economic growth in the region.

Shiseido, Procter & Gamble Co., Burberry Group PIc., Unilever, L'Oréal, Beiersdorf AG, Avon Products, Inc., Estée Lauder Companies, Amway, Chanel S.A., and Johnson & Johnson are some of the major skincare oil companies worldwide.

Skincare Oil Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 232
  • Countries covered: 24
  • Pages: 203
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