PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628097
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628097
Cosmetic Oil Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Cosmetic Oil Market was valued at USD 7 billion in 2024 and is projected to grow at a CAGR of 6.5% from 2025 to 2034. This growth is primarily fueled by increasing consumer preference for natural and organic beauty products. Cosmetic oils are integral to a wide array of skincare and haircare applications, including moisturizers, serums, anti-aging treatments, and conditioning products. Their ability to nourish, hydrate, and protect the skin while addressing concerns like dryness and irritation makes them highly desirable among consumers focused on wellness and sustainable beauty solutions.
A significant factor driving the market is the rising demand for clean beauty products-formulations that exclude synthetic chemicals and harsh ingredients. This trend is particularly evident in the premium product segment, where consumers are willing to invest in high-quality, multifunctional oils that deliver both skincare benefits and therapeutic effects. Additionally, the growing emphasis on self-care routines and holistic wellness has led to a surge in interest in oils that offer versatility across different beauty regimes. The influence of social media platforms and beauty influencers has also played a crucial role in boosting the popularity of these products.
The plant-based oil segment accounted for USD 3.2 billion in 2024 and is anticipated to grow at a CAGR of 6.6% during the forecast period. These oils are favored for their natural composition and multifunctional properties, which align with the increasing consumer preference for sustainable, clean beauty products. They are rich in essential nutrients, antioxidants, and vitamins, making them effective in nourishing and repairing the skin. The rising popularity of vegan and cruelty-free cosmetics has further boosted the demand for plant oils, which are perceived as safer and more environmentally friendly alternatives to synthetic ingredients.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $7 Billion |
| Forecast Value | $13 Billion |
| CAGR | 6.5% |
Skincare remains the dominant application in the cosmetic oil industry, with a valuation of USD 2.7 billion in 2024 and a projected CAGR of 6.8%. Consumers are increasingly drawn to oils for their ability to address various skin concerns, including hydration, aging, and blemishes. The demand for products with minimal chemicals and transparent ingredient lists drives the popularity of skincare oils that offer antioxidant, anti-inflammatory, and moisturizing benefits.
In China, the cosmetic oil market reached USD 1.2 billion in 2024 and is expected to grow at an impressive 8% CAGR through 2034. The country's expanding middle class, rising disposable income, and strong e-commerce presence drive demand for premium beauty products, positioning China as a key market shaping global cosmetic oil trends.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 North America: Rising skin problems among people will drive product demand
- 3.6.1.2 Europe: Growing personal care products manufacturing in the region will foster product demand
- 3.6.1.3 Asia Pacific: Increased awareness about beauty products along with increased demand for natural ingredients to manufacture cosmetics will stimulate market growth
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Limited availability of raw materials and high processing costs
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Source, 2021-2034 (USD Billion) (Kilo Tons)
- 5.1 Key trends
- 5.2 Mineral oil
- 5.3 Nut oil
- 5.3.1 Macadamia oil
- 5.3.2 Walnut oil
- 5.3.3 Hazelnut oil
- 5.3.4 Pecan oil
- 5.3.5 Kalahari melon oil
- 5.3.6 Brazil nut oil
- 5.3.7 Mongongo oil
- 5.3.8 Others
- 5.4 Plant oil
- 5.4.1 Almond oil
- 5.4.2 Argan oil
- 5.4.3 Coconut oil
- 5.4.4 Olive oil
- 5.4.5 Avocado oil
- 5.4.6 St. John's wort oil
- 5.4.7 Jojoba oil
- 5.4.8 Micro-algae oil
- 5.4.9 Others
- 5.5 Vegetable oils
- 5.5.1 Palm oil
- 5.5.2 soy oil
- 5.5.3 Hemp oil
- 5.5.4 Sesame oil
- 5.5.5 Rice bran oil
- 5.5.6 Sunflower oil
- 5.5.7 Safflower oil
- 5.5.8 Borage oil
- 5.5.9 Rapeseed oil
- 5.5.10 Others
Chapter 6 Market Estimates & Forecast, By Application, 2021-2034 (USD Billion) (Kilo Tons)
- 6.1 Key trends
- 6.2 Hair care
- 6.2.1 Hair oil
- 6.2.2 Shampoos
- 6.2.3 Other
- 6.3 Skin care
- 6.3.1 Creams & lotions
- 6.3.2 Massage oil
- 6.3.3 Baby oil
- 6.3.4 Soap-based product
- 6.3.5 Others
- 6.4 Make-up
- 6.5 Lip care
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Function, 2021-2034 (USD Billion) (Kilo Tons)
- 7.1 Key trends
- 7.2 Skin conditioning & moisturising
- 7.3 Hair conditioning
- 7.4 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion) (Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
Chapter 9 Company Profiles
- 9.1 ATDM
- 9.2 BASF SE
- 9.3 Cargill
- 9.4 Clariant AG
- 9.5 Do Terra International
- 9.6 ExxonMobil Corporation
- 9.7 Gandhar Oil Refinery India
- 9.8 Givaudan
- 9.9 Henry Lamotte Oil
- 9.10 Maverik Oils
- 9.11 Olvea Vegetables Oil
- 9.12 Petro Canada Lubricants
- 9.13 Renkert Oil
- 9.14 Sophim
- 9.15 Sonneborn
- 9.16 Symrise AG
- 9.17 Vigon International
- 9.18 Young Living
