Latest News- Cosmetic Oil Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Cosmetic Oil Market is being driven by Increasing demand for natural and organic cosmetics

The Cosmetic Oil Market is expected to grow at a CAGR of 5.02% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1929 million. The Bio-Oil product, manufactured by the eponymous company, is renowned for its ability to address various skin concerns. Its key components include mineral oil, sunflower seed oil, rosemary oil, chamomile oil, lavender oil, vitamin E, marigold extract, and soybean oil. These ingredients contribute to the oil's effectiveness in improving the look of new and old scars, reducing the appearance of stretch marks, addressing hyperpigmentation for diverse skin tones, retaining skin moisture, and maintaining skin smoothness while toning aging skin on the face and body. The plant-derived oils further enhance the product's capabilities by hydrating the skin and cosmetically minimizing the appearance of wrinkles through skin plumping. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Source
  • Vegetable oil
  • Mineral oil
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for natural and organic cosmetics
• Increasing prominence of private-label brands
• Aesthetic and health benefits offered by cosmetic oils

However, the market also witnesses some limitations, which are as follows:

• Increasing availability of counterfeit products
• Low awareness in developing economies
• Enforcement of stringent regulations for cosmetic oils

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Market Scope in Cosmetic Oil Market Research Report

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Research Analysis Overview

The cosmetic oil market is witnessing a surge in popularity, with olive oil leading the charge as a versatile ingredient in both skincare and hair care products. Olive oil's rich nourishing properties make it an excellent choice for creating makeup removers, exfoliating agents, and moisturizing creams and body lotions. For those suffering from skin acne, enlarged pores, or wrinkles, the anti-inflammatory and antibacterial properties of olive oil can help soothe and heal the skin. Coconut oil and almond oil are also popular carrier oils in the cosmetic industry, offering similar benefits for various skin types. Influencers and consumers alike have embraced these elixir oils for their ability to nourish the skin and avoid irritation. However, it's essential to be mindful of individual skin sensitivities and consult a dermatologist before incorporating new products into your routine. Costco, among other retailers, offers a wide selection of cosmetic oils, catering to both men and women. These oils can be used in various applications, from face masks to hair care products, making them a cost-effective and convenient addition to any self-care regimen. Remember, always patch test new oils before applying them extensively to ensure they don't cause any adverse reactions.

Market Research Overview

The global personal care products market encompasses the production and research and development of various items within the realm of household and beauty care, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio's market analysis, the market size is determined by the collective revenue generated by manufacturers in this sector. Factors driving growth in the personal care products industry include the positive correlation between disposable income and discretionary spending, enabling consumers to allocate funds towards luxury and lifestyle-related purchases. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/