Facial Oil Market is Likely to Reach US$ 1,915.61 Million by the End of 2033 | FMI

The facial oil market is projected to be valued US$ 1,069.0 million in 2023 by Future Market Insights (FMI). By the end of 2033, the revenue from sales of face oil is probably going to be US$ 1,915.61 million. From 2023 to 2033, it is probably going to exceed a 6.0% CAGR.

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 behavioral 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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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