The cosmetic oil market is expected to grow steadily with a Compound Annual Growth Rate (CAGR) of 12.21% during the forecast period. It is projected to generate a revenue of USD 10.9 billion in 2023 and is anticipated to surpass a value of USD 34.49 billion by 2033.
The high awareness among end users around cosmetic oil usage and its application in beauty studios as a primer is contributing to the market growth. Furthermore, the different grades of oil for customized usage are also garnering market success.
The increased number of beauty studios increased per capita income, and new organic cosmetic product producers in the market are flourishing the sales of cosmetic oil. further
The high organic and natural composition in advanced cosmetic oil products such as serums, oil, lotions, and hair creams is propelling the market growth.
The increased air pollution and its effect on the body and hair is also pushing end-users to adopt preventive measures. These preventive measures involve new properties such as anti-aging, and anti-wrinkle properties.
Request a Sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-17019
The companies running different social media campaigns are also flourishing the concept of natural oil in cosmetic products, which in turn helping the market to gain traction.
Growth Drivers Flourish in the Cosmetic Oil Market
- Increasing Demand for Enhanced Beauty Products: The demand for enhanced beauty and cosmetic products, including makeup gear, personal care creams, lotions, serums, and oils, is driving flexibility in the market space.
- Acceptance of New Additives: The market is becoming more accepting of new additives such as herbal and organic elements in cosmetic products.
- Research and Development Programs: Extended research and development programs are creating new opportunities in the cosmetic oil market, leading to the development of innovative products.
- New Benefits Driving Demand: New benefits offered by cosmetic oils, such as anti-wrinkle, anti-acne, and hydration delivery properties, are fueling demand for these products.
- Use in Beauty Studios: Beauty studios are using essential oils as primers before makeup application, further boosting the demand for cosmetic oils in the market.
What’s fueling this Cosmetic Oil boom? Here are some key ingredients:
- Rise of natural ingredients: Consumers are increasingly seeking natural and organic beauty products, driving demand for plant-based cosmetic oils.
- Growing self-care awareness: Increased focus on personal well-being fuels the use of oils for hydration, nourishment, and anti-aging benefits.
- Social media influence: Beauty influencers and online communities showcase the diverse uses of cosmetic oils, driving awareness and trends.
- Multifunctional benefits: From facial serums to body oils, the versatility of these products caters to various beauty needs.
- Innovation and customization: Brands are developing unique blends and formulations to cater to specific skin types and preferences.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-17019
Competitive Landscape:
The key vendors work on introducing customized oil that targets specific problems. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
The key players in the market are
- Vcos Cosmetics Pvt Ltd
- SOPHIM
- Bramble Berry
- Aroma Foundry
- Uncle Harry’s Natural Products
- Botanic Choice
- MakingCosmetics Inc.
- A.G. Industries
- AOT Organic Products
- Marnys
Recent Market Developments:
- G. Industries has introduced custom formulations & private-label manufacturing that targets wholesalers and individual customers as well.
- AOT Organic Products has introduced its long range of cosmetic oils with different mixtures. The company claims these oils to be ecologically and sustainably balanced.
Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/17019
Cosmetic Oil Market: Segmentation
By Source:
- Mineral Oil
- Vegetable Oil
By Application:
- Hair Care
- Skin Care
- Lip Care
- Others
By Type:
- Olive
- Almond
- Coconut
- Essential
- Others
By Industry Vertical:
- Chemical and Petrochemical
- Oil and Gas
- Energy & Power
- Automotive
- Healthcare
- Others
Key Regions Covered:
- North America
- The United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- The United Kingdom
- France
- Spain
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
