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Cosmetic Oil Market Size

Report ID: GMI3982
Published Date: Nov 2024
Report Format: PDF

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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.

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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.

Cosmetic Oil Market Report Attributes
Report Attribute	Details
Base Year:	2024
Cosmetic Oil Market Size in 2024:	USD 7 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	6.5%
2034 Value Projection:	USD 13 Billion
Historical Data for:	2021 - 2024
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Source, Application, Function
Growth Drivers:	North America Rising skin problems among people will drive product demand Europe Growing personal care products manufacturing in the region will foster product demand Asia Pacific Increased awareness about beauty products along with increased demand for natural ingredients to manufacture cosmetics will stimulate market growth
Pitfalls & Challenges:	Limited availability of raw materials and high processing costs

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for cosmetic oil was valued at USD 7 billion in 2024 and is estimated to reach USD 13 billion by 2034, driven by a CAGR of over 6.5% from 2025 to 2034.

The plant oil segment was valued at USD 3.2 billion in 2024 and is anticipated to grow at a CAGR of 6.6% from 2025 to 2034, driven by consumer preference for clean beauty products.

China's market was valued at USD 1.2 billion in 2024 and is projected to grow at a CAGR of 8% from 2025 to 2034, driven by the booming beauty and personal care industry.

Major players in the industry include ATDM, BASF SE, Cargill, Clariant AG, Do Terra International, ExxonMobil Corporation, Gandhar Oil Refinery India, Givaudan, Henry Lamotte Oil, and Maverik Oils.