The global cosmetic oil market size is expected to reach USD 72.28 billion by 2025 at a CAGR of 5.2%, according to a new report by Grand View Research, Inc. Increasing use of beauty oils by the hair and skin care industries is the key factor driving the growth for the market. Cosmetic oils play a vital role in treating various hair and skin problems like dandruff, acne, eczema, and dermatitis. Such oils have natural and organic ingredients used to manufacture hair oils, facial oils, massage oils, and other cosmetic products. These factors are driving their demand among consumers as a part of their daily care regime.
Moreover,
several antimicrobial, moisturizing, and anti-inflammatory properties of the
product will drive the demand further. For instance lavender oil soothes minor
burns and sunburns whereas tea-tree oil carries anti-inflammatory properties
and is useful to treat eczema or acne. Some of the popular cosmetic oils, such
as olive oil and coconut oil, are long-time personal care favorites worldwide,
hence are used to manufacture a number of hair and skin care products with
multiple formulation. Increasing usage of organic ingredients, such as
essential oils, in personal care products appears to have set a new standard in
the cosmetic industry.
The
essential oil product segment is expected to register a CAGR of 5.8% from 2019
to 2025. A key trend that has imparted a robust momentum to market growth is
the natural and non-toxic claims made by a growing number of personal care
companies like L’Oreal, Coty, and Unilever. Europe is expected to be the second
largest market due to rising demand for product, especially almond oil, in the
region. Asia Pacific occupies the largest share of the market. Countries, such
as South Korea, are known for beauty trends and innovations, featuring
sophisticated ingredients and aesthetically appealing packaging and represents
nearly 2.9% of the global market.
Full Research Report On Cosmetic Oil Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/cosmetic-oil-market
Cosmetic Oil
Market Report Highlights
- Asia Pacific
is projected to reach a valuation of USD 24.65 billion by 2025 registering
the highest CAGR of 5.8% from 2019 to 2025
- Others
product segment accounted for 17.41% of the total market share in 2018.
However, it is projected to witness a slight decline in the next few year
- Key companies
in the cosmetic oil market are L’Oreal S.A.; Unilever; The Procter &
Gamble Company; Shiseido Co., Ltd.; Avon Products, Inc.; and Beiersdorf AG
- New product
launch is one of the major strategies followed by most of these companies
to gain competitive edge and to expand their product portfolio
- For instance,
Estee Lauder has been seen launching a variety of facial serums containing
natural oils as a main ingredient for all purpose skincare regime
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Cosmetic Oil
Market Segmentation
Grand View Research has segmented
the global cosmetic oil market on the basis of product and region:
Cosmetic
Oils Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Almond
- Olive
- Coconut
- Essential
- Others
Cosmetic
Oils Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- South Korea
- Singapore
- Central & South America
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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