Cosmetic Oil Market size to increase by USD 1.86 billion between 2022 to 2027 | The increasing demand for natural and organic cosmetics to drive the market growth.- Technavio
NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The cosmetic oil market size is expected to grow by USD 1.86 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 5.08% during the forecast period. Increasing demand for natural and organic cosmetics is notably driving the cosmetic oil market. However, factors such as the increasing availability of counterfeit products may impede market growth. The market is segmented by distribution channel (offline and online), source (vegetable oil and mineral oil), and geography (APAC, North America, Europe, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format
Key Segment Analysis
The market share growth of the offline segment will be significant during the forecast period. Some of the main offline distribution channels of cosmetic oil include hypermarkets and supermarkets. The main advantage of this segment is that it enables consumers can choose from a wide range of products in retail stores based on parameters such as price and quality. Factors such as the ease of availability of products across platforms and the easy accessibility to outlets with a broad merchandise mix are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
To know additional highlights and key points on various market segments and their impact in coming years, View Free PDF Sample Report.
Geographical Market Analysis
APAC accounts for 53% of the growth of the global market during the forecast period. Some of the main factors that are significantly contributing to the growth of the market in APAC include the increasing awareness among consumers about the side effects of harmful substances used in cosmetics products, such as synthetic chemicals. In addition, there is a growing popularity of cosmetic oil for the use of skincare in APAC. Furthermore, there is a growing awareness among people regarding several skincare benefits of cosmetic oil. Therefore, factors such as the increasing awareness of healthy and glowing skin led to the rising use of a wide range of cosmetic oils in the region. Hence, such factors are driving the market growth in APAC during the forecast period.
Company Insights
The cosmetic oil market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: 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
- View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
The body masks market size is estimated to grow at a CAGR of 10.04% between 2022 and 2027. The market size is forecast to increase by USD 215.46 million.
The nail polish market size is estimated to grow at a CAGR of 4.46% between 2022 and 2027. The market size is forecast to increase by USD 3,623.95 million.
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Source Outlook
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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