NEW YORK, June 29, 2021 / PRNewswire / – The outlook for the global beauty oils market remains positive as Fact MR predicts it will grow at an annual rate of 8% between 2021 and 2031. The aging properties of beauty oils and their effectiveness in repairing skin damage and blemishes.
Fact MR predicts that the sales of beauty oils will gain momentum in the face of increasing awareness of their benefits and widespread use in the prevention of various skin conditions. The influence of social media plays a crucial role in the popularity of beauty oils. Numerous beauty gurus and influencers advertise on the Internet for beauty oils, which are strongly driving market demand.
Beauty oils are used in numerous hair and skin care products such as facial oils, hair oils, and elixir oils. They become a key ingredient in serums, moisturizers, lip balms, and lipsticks. With beauty product spending expected to increase, beauty oil sales are set to grow significantly in the years to come.
Rising consumer expectations for organic cosmetics and skin care products will pave the way for innovations and product developments on the world market. In addition, increasing skin and hair problems like acne, pimples, discoloration, hair loss, dandruff and others due to an unhealthy lifestyle are also driving the demand for beauty oils.
The outlook for the demand for beauty oils remains positive as consumers show a greater propensity for beauty products with natural ingredients. In addition, the willingness to spend more on organic and natural products will continue to support sales of beauty oils in the period under review.
“The main players in the market are investing in research and development activities to expand the product portfolio. In addition, they are pursuing various expansion strategies to strengthen their presence in the market, ”says an FMI analyst.
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Important findings from the market study for beauty oils
- Beauty oils sales are set to grow 8% CAGR over the 2021-2031 period, compared to a 6% growth between 2016 and 2020
- The orange oil segment is expected to grow 5.5% CAGR and, due to its toxin-free and natural properties, reach a market share of 30% over the next 10 years. It is widely used in aromatherapy, lotions, and therapeutic products.
- Selling beauty oils through online channels will gain momentum, especially given the lockdown and restrictions imposed around the world to contain COVID-19.
- Germany will lead Europe Market as it has the leading beauty and cosmetics market worth US $ 15 billion. Germans spend more on beauty oils than other European consumers, which bodes well for market participants.
- North America likely to prosper due to the presence of key players and rising consumer spending in the world market.
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Competitive landscape
The presence of multiple companies will fragment the beauty oils market. Competition is expected to increase in the years to come. Market participants are expected to respond by focusing on organic and inorganic strategies such as mergers and acquisitions in order to capture a larger consumer base. Beauty oil brands are also investing heavily in product innovations and launches to stay ahead of the competition due to increasing consumer demand.
- Estee Lauder announced on May 2021who now make up 76% of the shares of DECIEM Beauty Group Inc. This will allow Estee to expand its vertical market under DECIEM.
Key players profiled in the Beauty Oils Market by Future Market Insights include:
- L’Oréal SA
- Beiersdorf Aktiengesellschaft
- The Estée Lauder Companies Inc.
- Shiseido Company, Limited
- Burberry Group plc
- Symrise AG
- Givaudan SA
- Grupo Clarín SA
More insights into the beauty oil market
In its latest study, Fact MR provides a comprehensive analysis of the Beauty Oils market, providing historical data for the period 2016-2020 and forecast statistics for the period 2021-2031. In order to understand the global market potential, its growth and its scope, the market is segmented according to the following criteria:
product
- Lemon beauty oils
- Lime beauty oils
- Orange beauty oils
- Mint beauty oils
- Peppermint Beauty Oils
- Bergamot beauty oils
- Jasmine beauty oils
- Geranium Lavender Beauty Oils
- Lavandin beauty oils
- Vetiver beauty oils
Industrial use
- Beauty oils for hair care
- Beauty oils for skin care
- Beauty oils for makeup
- Beauty oils for perfumes
Sales channel
Key issues addressed in the report
- The report offers an insight into the outlook for beauty oils demand for 2021-2031
- The market study also highlights the projected sales growth of beauty oils between 2021 and 2031
- The Beauty Oils market survey identifies key growth drivers, restraints, and other forces affecting the prevailing trends, as well as assessing the current market size and forecast, as well as technological advances in the industry
- Beauty oils market share analysis covering major companies in the industry, covering strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, and others
Discover the coverage of Fact.MR in the area of consumer goods –
Orange Oil Market Analysis – In the next few years, rising living standards and disposable income are likely to have a positive impact on global orange oil sales. Despite its high price, orange oil is often referred to as a luxury item. Pure orange oil is used in many high-quality wellness products. A significant increase in the European orange oil market is expected in the forecast period.
Lemon Oil Market Report – Lemon Oil is astringent, antifungal, disinfectant, antiseptic, and detoxifying and can be used in a number of applications. Cleaning, laundry and air freshening are just a few examples. Lemon oil also mixes well with other essential oils such as tea tree oil, geranium oil, peppermint oil, sandalwood oil, rose oil, and lavender oil, making it a wonderful choice for herbalists. All of this is expected to fuel the growth of the lemon oil market.
Peppermint Oil Market Research – Exporters dominate the peppermint oil business which is mainly focused in two countries: The United States and Canada. The bulk of peppermint exports from these two countries where The United States supplies the majority of the world’s peppermint and spearmint, driven by increasing demand for peppermint oil, particularly for mint-flavored items in the confectionery sector.
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