The facial oil market is predicted to reach an amazing valuation of USD 1069 Million in 2023 and to rise at a CAGR of 6% from 2023 to 2033, reaching USD 1915.61 Million in 2033.
Anti-oxidants and vitamins present in the product are responsible for restoring health of skins which causes demand to facial oil market.
With so many benefits that oil provides to skin there has been a huge incline in demand for oil-based skincare products. Facial oil provides benefits such as anti-ageing properties, hydration, acne treatment among others.
COVID 19 pandemic had a negative impact on the market for facial oils. The closure of many firms did have an impact on the manufacturing and trading of facial oil. Changes in purchasing behavior by customers made them turn to more reliable and safe products.
Supply chain slow down adversely affected the facial oil market, resulting in a sharp drop of sales. As a result, business’s marketing strategies have undergone changes as demand for the e-commerce channel has increased.
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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.
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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.
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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