The facial oil marketis predicted to reach an amazing valuation of USD 1069 Million in 2023 and to rise at a compound annual growth rate (CAGR) of 6% from 2023 to 2033, reaching USD 1915.61 Million in 2033.
This product has anti-oxidants and vitamins that are responsible for restoring skins health and glow which generated demand for the facial oil market.
With a large number of benefits to skin provided by oil, these has increased demand for oil-based skincare. Facial oil is used for benefits like anti-ageing, hydration, blemish clearing, skin repair and moisturizing.
The facial oil market had a negative impact due to COVID 19 pandemic. Shut down of many companies affected the manufacturing and trading of facial oil. Customers purchasing behavioural changes inclined towards reliable and safe products.
Supply chain had slow down impacting facial oil market and decreased sales. The rise in demand for e-commerce channel has led to alterations in business marketing strategies.
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Facial Oil Market: Overview
Face moisturizing oil hold the major revenue share of the facial oil market and expected to grow at a steady rate in the coming decade. Whereas, anti-ageing oil is expected to witness rapid growth rate with increased awareness among the geriatric population about the product.
Face cleansing oil has additional benefits like skin hydration and moisturizing which leads to the generation of significant revenue share for the facial oil market.
Among the end-users, female customers generate the highest revenue as compared to male customers due to more preference for skincare in females. Offline distribution channel, is responsible for the highest revenue generation for facial oil market owing sales with the retail and departmental store.
Whereas, the online channel is expected to grow at an exponential rate with increased adoption during the forecast period.
Facial Oil Market: Region-wise Outlook
North America will continue to dominate the facial oil market during the forecast period. With the presence of the majority of key players and increased product adoption, North America holds the largest revenue share of the facial oil market.
Europe is the second-highest revenue-generating region with increased merger and acquisitions of the national and international player in the facial oil market.
Asia-Pacific region is estimated to have the highest CAGR for facial oil market due to presence of large target population. Increase in research and development activities for innovation will boost the market growth.
The rise in cases of skin problems among population propels Asia-Pacific facial oil market growth. There will be an increased presence of manufacturers during the forecast period owing to market growth.
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Facial Oil Market: Key Market Participants
- Shiseido
- Procter & Gamble Co.
- Burberry Group Plc.
- Unilever
- L’Oréal
- Biersdorf AG
- Avon Products, Inc.
- Estée Lauder Companies
The research report on facial oil market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on facial oil provides analysis and information according to market segments such as geographies, application, and industry.
Facial Oil Market: Segmentation
Based on Product Type
- Anti-aging oil
- Facial cleansing oil
- Face moisturizing oil
- Pre-shave oil
Based on End-users
- Male
- Female
Based on the Distribution Channel
- Online channel
- Offline channel
- Speciality retail stores
- Departmental stores
- Hypermarkets
- Supermarkets
- Pharmacy
- Others
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