Cosmetic Oil Market - By Source, By Application, By Function & Forecast, 2025-2034

Cosmetic Oil Market Size

The global cosmetic oil market was valued at USD 7 billion in 2024 and is estimated to grow at a CAGR of over 6.5% from 2025 to 2034.
 

The cosmetic oil industry is experiencing robust growth, driven by the rising demand for natural and organic skincare products. These oils are used in a wide range of applications, including moisturizers, anti-aging creams, serums, and haircare products. Key ingredients such as argan oil, jojoba oil, rosehip oil, and coconut oil are prized for their nourishing, hydrating, and anti-inflammatory properties, appealing to consumers increasingly concerned with wellness and sustainability.
 

The demand for clean beauty products, free from synthetic chemicals, is pushing growth, particularly in the premium segment. Additionally, the growing trend of self-care and holistic beauty routines has spurred interest in multifunctional oils that provide both skincare and therapeutic benefits. The influence of social media and beauty influencers also plays a significant role in popularizing these products.
 

As consumers prioritize ingredient transparency and sustainability, the market is expected to continue expanding, with innovative formulations and eco-conscious packaging driving future demand.
 

Cosmetic Oil Market Trends

The cosmetic oil industry is experiencing significant growth driven by increasing consumer demand for natural and organic skincare products. Key trends include a shift towards plant-based oils like argan, jojoba, and rosehip, known for their moisturizing and anti-aging properties. Consumers are increasingly conscious of ingredient transparency, sustainability, and eco-friendly packaging, boosting the demand for cruelty-free and ethically sourced oils. Additionally, multifunctional oils that provide multiple skincare benefits are gaining popularity. The rise of e-commerce and influencer-driven marketing are further expanding market reach, especially among younger, health-conscious consumers seeking clean beauty solutions.
 

Cosmetic Oil Market Analysis

The market is driven by the growing preference for clean, natural beauty products that align with wellness trends. Consumers are increasingly opting for oils due to their rich, nutrient-dense formulations that promote healthy skin and hair. Anti-aging properties and deep hydration benefits are fueling demand for oils like squalane, marula, and camellia. The rise in awareness about the harmful effects of synthetic chemicals in personal care products is accelerating this shift towards plant-based alternatives. Future opportunities lie in expanding product lines to target niche needs such as anti-inflammatory and brightening oils. Innovations in delivery systems, such as lightweight, non-greasy formulations, and sustainable sourcing practices, offer further growth potential, especially among eco-conscious consumers.

Plant oil segment was valued at USD 3.2 billion in 2024, and it is anticipated to expand 6.6% of CAGR during 2025-2034. Plant-based oils dominate the cosmetic oil market due to their natural, sustainable, and multi-functional benefits. Rich in essential fatty acids, antioxidants, and vitamins, plant oils like argan, jojoba, coconut, and rosehip are celebrated for their ability to nourish, hydrate, and repair skin. The increasing consumer preference for clean beauty products has driven this dominance, as plant oils are perceived as safer and more environmentally friendly compared to synthetic ingredients. These oils also cater to a growing demand for vegan and cruelty-free products, making them a central focus for brands aiming to align with health-conscious and eco-conscious consumer values.
 

Skin care segment was valued at USD 2.7 billion in 2024 and gained 6.8% CAGR from 2025 to 2034. Skincare dominates the cosmetic oil industry due to increasing consumer demand for effective, natural solutions for skin health. Oils like argan, jojoba, and rosehip are favored for their ability to moisturize, nourish, and address concerns like aging, acne, and dryness. With a shift towards clean beauty, skincare oils are becoming essential for their antioxidant, anti-inflammatory, and hydrating properties. Their versatility in treating various skin types and concerns further strengthens their market position. As consumers seek products with transparent ingredient lists and minimal chemicals, skincare oils continue to lead, reflecting the broader trend toward holistic, sustainable skincare solutions.
 

The skin conditioning & moisturising segment was valued at USD 4.3 billion in 2024 and gained 7% CAGR from 2025 to 2034. Skin conditioning and moisturizing are key drivers of growth in the cosmetic oil market, as consumers increasingly seek products that hydrate and improve skin texture. Oils that provide deep nourishment without clogging pores are highly sought after, particularly for individuals with dry or sensitive skin. As skin hydration becomes a primary concern, oils that offer long-lasting moisture retention are in demand. The growing popularity of multi-functional skincare solutions is also fueling the demand for oils that condition, protect, and enhance skin elasticity. Additionally, with a rising focus on clean beauty, oils with natural emollient properties that maintain skin's moisture barrier are becoming essential in everyday skincare routines.
 

China was valued at USD 1.2 billion in 2024 and expected to grow at 8% CAGR till 2034. China plays a pivotal role in the global cosmetic oil market, driven by its booming beauty and personal care industry. The growing middle class and rising disposable incomes are increasing demand for premium, natural skincare products, including cosmetic oils. Chinese consumers are particularly drawn to products with anti-aging, whitening, and skin-nourishing benefits. The country’s robust e-commerce platforms and strong influence of digital marketing amplify market reach, especially for international brands. Additionally, China’s large-scale production of plant-based oils like camellia and tea tree gives local companies a competitive edge, fostering both domestic consumption and export growth. This positions China as a key player in shaping global trends.
 

Cosmetic Oil Market Share

The competitive landscape in the cosmetic oil industry is shaped by major players like BASF SE, Cargill, Clariant AG, DoTERRA International, ExxonMobil, and Gandhar Oil Refinery. BASF SE and Clariant AG lead in innovative, high-quality cosmetic ingredients, offering sustainable and plant-based oils like argan and jojoba, capitalizing on the growing demand for clean beauty. Cargill provides raw materials with a focus on sustainable sourcing, catering to both local and international brands. DoTERRA International, known for its essential oils, dominates the market with premium, therapeutic-grade products favored by natural skincare enthusiasts.
 

ExxonMobil, while primarily a petrochemical giant, has ventured into the cosmetic oil space, focusing on advanced processing and specialty oils. Gandhar Oil Refinery, based in India, competes by offering a wide range of cost-effective, high-quality oils and leveraging strong distribution networks in emerging markets. These companies dominate through innovation, sustainability, and strategic market positioning, catering to the evolving consumer preferences for natural, high-performance oils.
 

Cosmetic Oil Market Companies

Major players operating in the cosmetic oil industry are:

• ATDM
• BASF SE
• Cargill
• Clariant AG
• Do Terra International
• ExxonMobil Corporation
• Gandhar Oil Refinery India
• Givaudan
• Henry Lamotte Oil
• Maverik Oils
• Olvea Vegetables Oil
• Petro Canada Lubricants
• Renkert Oil
• Sophim
• Sonneborn
• Symrise AG
• Vigon International
• Young Living
   

Cosmetic Oil Industry News

• In December 2023, Unilever acquired the premium biotech haircare brand K18. K18 is a fast-growing brand that uses novel biotechnology to address hair damage and has been popular with professionals and consumers.
   
• In August 2023, L’Oréal completed the acquisition of Aesop. The acquisition was announced on April 3, 2023, and Aesop joined L’Oréal’s Luxe Division. The integration aims to leverage Aesop’s unique brand DNA and values to expand its global presence and growth potential.
   

This cosmetic oil market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Source

• Mineral oil
• Nut oil
  • Macadamia oil
  • Walnut oil
  • Hazelnut oil
  • Pecan oil
  • Kalahari melon oil
  • Brazil nut oil
  • Mongongo oil
  • Others
• Plant oil
  • Almond oil
  • Argan oil
  • Coconut oil
  • Olive oil
  • Avocado oil
  • St. John's wort oil
  • Jojoba oil
  • Micro-algae oil
  • Others
• Vegetable oils
  • Palm oil
  •  Soy oil
  • Hemp oil
  • Sesame oil
  • Rice bran oil
  • Sunflower oil
  • Safflower oil
  • Borage oil
  • Rapeseed oil
  • Others

Market, By Application

• Hair care
  • Hair oil
  • Shampoos
  • Other
• Skin care
  • Creams & lotions
  • Massage oil
  • Baby oil
  • Soap-based product
  • Others
• Make-up
• Lip care
• Others

Market, By Function

• Skin conditioning & moisturising
• Hair conditioning
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa