The global beauty oil market is projected to grow at a CAGR of 5.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising awareness of the consumers regarding the availability of a wide range of beauty oil products and their benefits associated with their usage. The broad availability of beauty oil in the global market includes mineral oil, vegetable oil, and plant-based oil; vegetable oil includes coconut oil, almond oil, olive oil, palm oil, avocado oil, and other essential oils. Whereas, the plant-based oil includes rosemary oil, ylang-ylang oil, and jasmine oil among many others.

The major aspects that drive the growth of the market includes the growing awareness of the consumers towards the personal care and grooming activities along with the increased usage of beauty oils in various cosmetic products. Beauty oil are widely used in the manufacturing of various skin and hair care products in form of hair oil, facial oil, moisturizer and many other products. The beauty oils also possess various nourishing and revitalizing properties due to which these are added to creams, ointments, bath oils, and lotions among many other beauty products. Hence, this is likely to drive the growth of the market during the forecast period.

Segmental Outlook

The global beauty oil market is segmented on the basis of source and application. Based on the source, the market is segmented as vegetable oil, mineral oil and others. Based on the application, the market is segmented as hair care, skin care, lip care, makeup, and fragrances.

Vegetable-Based Beauty Oil Segment to Hold a Substantial Share in the Market

Amongst the source segment of the global beauty oil, the vegetable-based beauty oil segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the availability of a wide range of products. The wide range of vegetable oil available in the market include coconut oil, almond oil, olive oil, palm oil, avocado oil, and other essential oils. Availability of high-quality oils, advanced technologies for the extraction of these vegetable oils, various properties possessed by them along with the inclination of the consumer towards the use of herbal and natural ingredients-based cosmetics products. Hence, these are some of the key factors that drives the segmental growth of the global beauty oil market during the forecast period.

Global Beauty Oil Market, by Source 2020 (%)

Regional Outlook

The global beauty oil market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The European region is projected to hold a significant market share. UK, Germany, France, Italy, Spain, and the Rest of Europe are the major economies primarily contributing to the growth of the beauty oil market in the region. The regional growth of the market is accredited to the presence of prominent cosmetics and personal care products manufacturers in the region. As these oils are highly consumed in the formulation of the cosmetic products, the beauty oil market is likely to witness an upsurge during the forecast period.

Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players manufacturing beauty oils in the region. Furthermore, the Asia-Pacific region is also likely to hold a substantial share in the market accrediting to the growing awareness of the consumers regarding the use of natural ingredient-based cosmetics and personal care products for their hair care and skin care. 

Global Beauty Oil Market, by Region 2020 (%)

Market Players Outlook

The prominent players functioning in the global beauty oil market include Avon Products, Inc., BASF SE, Beiersdorf AG, Cargill Inc., DoTerra International LLC, Johnson & Johnson Services Inc., Kao Corp., L’Oreal SA, The Procter & Gamble Co., and Unilever PLC among others. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global beauty oil market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.