The global cosmetic oil market size is expected to reach USD 72.28 billion by 2025 at a
CAGR of 5.2%, according to a new report by Grand View Research, Inc. Increasing
use of beauty oils by the hair and skin care industries is the key factor
driving the growth for the market. Cosmetic oils play a vital role in treating
various hair and skin problems like dandruff, acne, eczema, and dermatitis.
Such oils have natural and organic ingredients used to manufacture hair oils,
facial oils, massage oils, and other cosmetic products. These factors are
driving their demand among consumers as a part of their daily care regime.
Moreover, several antimicrobial,
moisturizing, and anti-inflammatory properties of the product will drive the
demand further. For instance lavender oil soothes minor burns and sunburns
whereas tea-tree oil carries anti-inflammatory properties and is useful to
treat eczema or acne. Some of the popular cosmetic oils, such as olive oil and
coconut oil, are long-time personal care favorites worldwide, hence are used to
manufacture a number of hair and skin care products with multiple formulation.
Increasing usage of organic ingredients, such as essential oils, in personal
care products appears to have set a new standard in the cosmetic industry.
The essential oil product segment is expected
to register a CAGR of 5.8% from 2019 to 2025. A key trend that has imparted a
robust momentum to market growth is the natural and non-toxic claims made by a
growing number of personal care companies like L’Oreal, Coty, and Unilever.
Europe is expected to be the second largest market due to rising demand for
product, especially almond oil, in the region. Asia Pacific occupies the
largest share of the market. Countries, such as South Korea, are known for
beauty trends and innovations, featuring sophisticated ingredients and
aesthetically appealing packaging and represents nearly 2.9% of the global
market.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/cosmetic-oil-market
https://www.grandviewresearch.com/industry-analysis/cosmetic-oil-market
Further key findings from the study suggest:
· Asia Pacific is projected to reach a
valuation of USD 24.65 billion by 2025 registering the highest CAGR of 5.8%
from 2019 to 2025
· Others product segment accounted for 17.41%
of the total market share in 2018. However, it is projected to witness a slight
decline in the next few year
· Key companies in the cosmetic oil market
are L’Oreal S.A.; Unilever; The Procter & Gamble Company; Shiseido Co.,
Ltd.; Avon Products, Inc.; and Beiersdorf AG
· New product launch is one of the major
strategies followed by most of these companies to gain competitive edge and to
expand their product portfolio
· For instance, Estee Lauder has been seen
launching a variety of facial serums containing natural oils as a main
ingredient for all purpose skincare regime
Grand View Research has segmented the
global cosmetic oil market on the basis of product and region:
Cosmetic Oils Product Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Almond
·
Olive
·
Coconut
·
Essential
·
Others
Cosmetic Oils Regional Outlook
(Revenue, USD Billion, 2015 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
South Korea
o
Singapore
·
Central & South America
·
Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment