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Cosmetic Oil Market: By Product (Coconut Oil, Almond Oil, Olive Oil, Palm Oil, Avocado Oil, Essential Oils, and Others), By Application (Hair Care, Skin Care and Lip Care), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global Cosmetic Oil Market was valued at USD 54 billion in 2021. The expectations of consumers are increasing about the ingredients used in cosmetic products secure the growth in market for organic and natural cosmetic products is likely to drive the market demand in the forecasted period, i.e. 2021-2031.
Cosmetic oils are used as a major ingredient in production of hair and skin care products such as moisturizers, lipsticks, lip balms, serums and other hair and skin care products. Almost all cosmetics contain of vegetable oils or mineral oils. The cosmetic oils are also used in articulation of cosmetic products like make-up, creams, body lotions and exfoliating agents. Cosmetic oils have recently gained acceptance as a natural alternative to chemical-based skin care products. Cosmetic oil gives skin protection benefits such as reducing, calming rashes and shrinking enlarged pores to avoid the fear of acne on skin. Increasing demand for hair products containing cosmetic oils such as argon oil, coconut oil etc. which help heal problems like dandruff, dry scalp will stimulate the market further. The cosmetic oil market is boosting due to increasing demand for organic ingredients.
Global Cosmetic Oil Market is expected to project a notable CAGR of 5.4% in 2031.
Global Cosmetic Oil Market was valued at USD 54 billion in 2021. The expectations of consumers are increasing about the ingredients used in cosmetic products secure the growth in market for organic and natural cosmetic products is likely to drive the market demand in the forecasted period, i.e. 2021-2031.
Skin Care segment to grow with the highest CAGR during 2021-31
Based on application, global Cosmetic Oil Market is fragmented into Hair Care, Skin Care and Lip Care. The skin care segment has been segregated into creams & lotions, soap-based product, massage oil, baby oil and others. Skin problems are increasing due to increased pollution, genetic disorder and hormonal imbalance give favorable growth to the skin care segment over the forecast period.
The coconut oil product segment to grow with the highest CAGR during 2021-31
The Global Cosmetic Oil Market is classified on the basis of by Product into Coconut Oil, Almond Oil, Olive Oil, Palm Oil, Avocado Oil, Essential Oils, and Others. The coconut oil product segment grasps the largest market share by reason of its increasing use in skin care and hair care products. Coconut oil also cures skin illness and infections, heals wounds and protects skin against blemishes. Due to natural properties of coconut oil many well reorganized brands have begun to use coconut oil. Olive oil is predicted to be the second-fastest-growing product segment over the forecast period due to the unique anti-inflammatory properties.
Increasing usage of organic ingredients
On account of various side effects of synthetic products consumer prefer natural products which give rise to the demand of natural and organic cosmetic products. Recently cosmetic oils have gained acceptance as a natural alternative to chemical based cosmetic products due to of their potential to cure scars, hyperpigmentation, dry skin and other skin related problems. The cosmetic oils demand in the cosmetic industry is also driven by their aesthetic benefits. The cosmetic oil market is driven by the increasing demand for natural and organic products and rising skin problems due to pollution, hormonal imbalances, genetic disorders and others.
Increase In Awareness About Health
Cosmetic oils play an important role in curing various skin and hair problems like acne, dandruff, eczema, and dermatitis. Cosmetic oils have natural and organic ingredients used to manufacture hair oils, facial oils, massage oils, and other cosmetic products. These factors are increasing their demand among consumers as a part of their daily care routine.
Reduction Of Natural Resources
Plants are very essential part of the ecosystem, they balance the world by providing food and shelter. This natural source is exhausting gradually. With the increased population and industrialization, an increasing number of trees are cut to aid the increased number of people.
Exxon Mobil
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Cosmetic Oil Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. China is the world's leading producer of paints and coatings in Asia-Pacific. In addition, natural rubber production in India has increased dramatically in the last two years. These factors will significantly contribute to the region's demand for Cosmetic Markets. Furthermore, the growing construction industry in the Asia-Pacific region, owing to major countries such as China, India, and Japan, is expected to drive the Cosmetic Markets market.
The COVID-19 pandemic has had a negative impact on the market. Numerous cosmetic stores were also shut down stores are shut down in different regions of the world due to extended lockdowns hence impacting sale of cosmetic and beauty products fell down in prominent markets.
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Report Attribute |
Details |
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Market size value in 2021 |
54 billion |
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Revenue forecast in 2031 |
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Growth Rate |
CAGR of 5.4% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2030 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, Application and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Renkert, Sonneborn, DoTerra, Symrise, ATDM Co. Ltd, L’Oreal, BASF, Maverik Oils., Coty Inc., Johnson & Johnson Services and Other Prominent Players |
Global Cosmetic Oil Market was valued at 54 billion in 2021 at a CAGR of 5.4%.
Cosmetic oils are used as a major ingredient in production of hair and skin care products such as moisturizers, lipsticks, lip balms, serums and other hair and skin care products.
The coconut oil product segment grasps the largest market share on account of its increasing use in skin care and hair care products.
Key players: Exxon Mobil, Sinopec Corp, Renkert, Sonneborn, DoTerra, Symrise, ATDM Co. Ltd, L’Oreal, BASF, and Maverik Oils. are the key players in the Cosmetic Market.
The cosmetic oil market is driven by the increasing demand for natural and organic products and rising skin problems due to pollution, hormonal imbalances, genetic disorders and others.
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