According to a recent report by Future Market Insights (FMI), the global facial oil market is anticipated to grow from an estimated USD 1,069.0 million in 2023 to USD 1,915.61 million by 2033, representing a compound annual growth rate (CAGR) of over 6.0% during the forecast period.
The growing popularity of oil-based skincare products is fueled by increasing consumer awareness of the myriad benefits that facial oils provide. These products offer essential advantages such as anti-aging properties, hydration, blemish removal, and skin restoration, while delivering moisture without leaving a greasy residue. Made predominantly from plant-based ingredients like jojoba, rosehip, and argan oil, facial oils are being embraced for their effective and natural formulations.
In recent years, the demand for organic skincare has surged, with consumers gravitating towards products that offer multi-tasking benefits, including skin brightening and smoothing effects. Notably, many facial oils are now infused with active ingredients such as retinol, vitamin C, and hyaluronic acid, amplifying their appeal.
Trends Driving Growth
- Natural & Organic Ingredients: The increasing preference for skincare products free from harmful chemicals is driving demand, especially for anti-aging oils.
- Health Benefits: Natural ingredients such as coconut oil and ginger extract boast antioxidant and anti-microbial properties, enhancing the health value of facial oils.
- E-commerce Expansion: The rise of online shopping platforms has made facial oils more accessible, contributing to market growth.
Regional Insights
- United States: Expected to maintain a market share of 21.5% in 2023, with a projected CAGR of 5.7%. The shift towards plant-based skincare is a significant growth driver.
- United Kingdom: Anticipated CAGR of 5.0% as consumers increasingly incorporate facial oils into their skincare routines.
- China: Projected to experience rapid growth at a CAGR of 9.2%, driven by rising demand for premium skincare products and strong influencer marketing.
Competitive Landscape
The facial oil industry features several key players competing on product quality, effectiveness, brand reputation, and pricing. Companies are increasingly investing in research and development to create innovative products and are expanding their distribution channels.
For instance
- In January 2023, a Hydrabarrier Hydrating Face Oil by OLEHENRIKSEN has been introduced. It contains Scandinavian berry oils and peptides for softer, bouncy skin.
A moisturizing base is created by the Nordic combination of cloudberry and elderberry oils. While 3 oil-soluble proteins calm the appearance of the skin and minimize fine lines and wrinkles.
- In January 2021, Renee Cosmetics has expanded the scope of its product line by introducing luxury face oils into the skincare market. The company has introduced a glazed-glow oil for pre-makeup and a texture-fix oil for post-makeup.
The freshly released face oils from the FDA-approved, paraben-free, and cruelty-free cosmetics line. It contains natural oils such as rosehip, cucumber, and delicious citrus peel that help fight stress and aging symptoms.
Key Companies Profiled
- Shiseido
- Procter & Gamble Co.
- Burberry Group PIc.
- Unilever
- L’Oréal
- Biersdorf AG
- Avon Products, Inc.
- Estée Lauder Companies
- Amway
- Chanel S.A.
- Johnson & Johnson
- Chatters Canada
- Kao Corporation
- Henkel
- Edgewell Personal Care
- Markwins Beauty Products
- Mary Kay
- Others (As per Request)
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Facial Oil Market Outlook by Category
By Product Type:
- Anti-aging Oil
- Face Cleansing Oil
- Face Moisturizing Oil
- Pre-shave Oil
By End-User:
- Male
- Female
- Unisex
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Drug Stores and Pharmacies
- Convenience Stores
- Online Retailers
- Other Sales channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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 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: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
