NEW YORK, Jan. 23, 2023 /PRNewswire/ — The global cosmetic oil market size is estimated to increase by USD 1,867.37 million from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 5.08% during the forecast period – Request a sample report
Global cosmetic oil market – Vendor analysis
Vendor offerings –
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AETHOS Essential Oils – The company offers essential oils such as lavender essential oils, Eucalyptus oil, peppermint oil, lemon essential oil, orange essential oil, tea tree essential oil, cedarwood essential oil, and rosemary oil.
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AMOREPACIFIC Group Inc. – The company offers cosmetic oil in the form of essential cleansing oil.
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Beiersdorf AG – The company offers cosmetic oils such as palm kernel oil.
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CHANEL Ltd. – The company offers cosmetic oils such as facial oil with jasmine extract.
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For details on vendors and their offerings – Buy the report!
Vendor landscape –
The global cosmetic oil market is fragmentedwith the presence of several global as well as regional vendors. A few prominent vendors that offer cosmetic oil in the market are AETHOS Essential Oils, AMOREPACIFIC Group Inc., Beiersdorf AG, Bramble Berry Inc., CHANEL Ltd., Dabur India Ltd. , Farsali, Johnson and Johnson, Kao Corp., Khadi Natural, L Brands Inc., LG Corp., LOreal SA, Sanghvi Technologies Pvt. Ltd., Shiseido Co. Ltd., Sophim, The Body Shop International Ltd., The Procter and Gamble Co., Uncle Harrys Natural Products, and Unilever PLC and others.
Vendors compete on the basis of price and quality. Due to intense competition in the market, it becomes imperative for vendors to distinguish their product offerings through clear and unique value propositions. Key vendors focus on expanding their market share through acquisitions and increasing sales by offer new products in the market.
Global cosmetic oil market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
Global cosmetic oil market – Segmentation assessment
Segment overview
Technavio has segmented the market based on distribution channel (offline and online) and source (vegetable oil and mineral oil).
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The offline segment will grow at a significant rate during the forecast period. Hypermarkets and supermarkets are the two major offline distribution channels of cosmetic oil, which eases the purchasing process. Consumers can choose from a wide variety of products in retail such as prices stores based on fact and quality. The ease of availability of products across platforms and the easy accessibility of outlets are expected to fuel the growth of the segment during the forecast period
Geography overview
Based on geography, the global cosmetic oil market is segmented into APAC, North America, Europe, South Americaand Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cosmetic oil market.
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APAC is estimated to account for 53% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the increasing awareness among consumers about the side effects of harmful substances used in cosmetics products, such as synthetic chemicals. Consumers in the region are becoming aware of the skincare benefits of cosmetic oil, which is increasing its adoption. These factors will fuel the growth of the regional market during the forecast period.
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Global cosmetic oil market – Market dynamics
Leading drivers – The increasing demand for natural and organic cosmetics is driving the market growth. Organic cosmetic oils are made from natural and organic ingredients such as plant extracts and natural oils. Other natural ingredients include aloe vera, sea salt, jojoba seed oil, apricot kernel oil, beeswax oil, alco and avocado oil. Hence, manufacturers of cosmetic oils are focusing on organic cosmetic oils. The expansion of product lines would help vendors differentiate their offerings. These oils adhere to high purity standards set by various regulatory bodies. market growth during the forecast period.
Key trends – The emergence of bio-oil is a key trend in the market. Bio-oils include mineral oil, sunflower seed oil, rosemary oil, chamomile oil, lavender oil, vitamin E, marigold extract, and soybean oil. These ingredients keep the skin smooth and tone the aging skin on the face and body. Plant-based oils can also cosmetically reduce the appearance of wrinkles. Such factors will increase the demand for bio-oils, which, in turn, is expected to support the growth of the global cosmetic oil market during the forecast period
Major challenges – The increasing availability of counterfeit products is challenging the market growth. Customers face difficulties in distinguishing genuine products from counterfeit ones. The growing penetration of e-commerce has further propelled the sales of counterfeit cosmetic products. The low pricing of counterfeit products further fuels their demand. of counterfeit products will have an adverse impact on the sales and pricing strategies of genuine vendors. As a result, global players are compelled to reduce the prices of their products, which lowers their profit margins. Therefore, the increasing availability of counterfeit necessarily products will impact the growth of the global cosmetic oil market during the forecast period.
Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!
What are the key data covered in this cosmetic oil market report?
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CAGR of the market during the forecast period
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Detailed information on factors that will drive the growth of the cosmetic oil market between 2023 and 2027
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Precise estimation of the size of the cosmetic oil market and its contribution to the parent market
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Accurate predictions about upcoming trends and changes in consumer behavior
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Growth of the cosmetic oil market across APAC, North America, Europe, South Americaand Middle East and Africa
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A thorough analysis of the market’s competitive landscape and detailed information about vendors
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Comprehensive analysis of factors that will challenge the growth of cosmetic oil market vendors
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Cosmetic Oil Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.08% |
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Market growth 2023-2027 |
USD 1,867.37 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.55 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 53% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
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Key companies profiled |
AETHOS Essential Oils, AMOREPACIFIC Group Inc., Beiersdorf AG, Bramble Berry Inc., CHANEL Ltd., Dabur India Ltd., Farsali, Johnson and Johnson, Kao Corp., Khadi Natural, L Brands Inc., LG Corp., LOreal SA , Sanghvi Technologies Pvt. Ltd., Shiseido Co. Ltd., Sophim, The Body Shop International Ltd., The Procter and Gamble Co., Uncle Harrys Natural Products, and Unilever PLC |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. Market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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