The facial oil market is anticipated to achieve a remarkable valuation of US$ 1069 million in 2023, with projections indicating a growth at a CAGR of 6% from 2023 to 2033. By 2033, it is expected to reach US$ 1915.61 million.
The global facial oil market is experiencing a surge in popularity, driven by a consumer shift towards natural and organic skincare products.
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- Heightened Skincare Awareness: Consumers are increasingly knowledgeable about the importance of a good skincare routine, leading them to seek out specialized products like facial oils.
- Anti-Aging Appeal: The anti-aging properties of facial oils are a major draw for consumers seeking to combat wrinkles and maintain youthful skin.
- Rising Demand for Specialized Skincare: The market is witnessing a growing demand for anti-pollution and anti-aging skincare products, and facial oils are seen as effective solutions.
- Emerging Market Boom: As disposable income rises in developing economies, the demand for facial oils is expected to climb, further propelling market growth.
This market is influenced by a dynamic interplay of factors such as economic trends, consumer preferences, and regulatory changes. With the increasing focus on natural ingredients and the proven benefits of facial oils, the industry is poised for continued expansion.
Facial Oil Market: Overview
Face moisturizing oil hold the major revenue share of the facial oil market and expected to grow at a steady rate in the coming decade. Whereas, anti-ageing oil is expected to witness rapid growth rate with increased awareness among the geriatric population about the product.
Face cleansing oil has additional benefits like skin hydration and moisturizing which leads to the generation of significant revenue share for the facial oil market.
Among the end-users, female customers generate the highest revenue as compared to male customers due to more preference for skincare in females. Offline distribution channel, is responsible for the highest revenue generation for facial oil market owing sales with the retail and departmental store.
Whereas, the online channel is expected to grow at an exponential rate with increased adoption during the forecast period.
Facial Oil Market: Region-wise Outlook
North America will continue to dominate the facial oil market during the forecast period. With the presence of the majority of key players and increased product adoption, North America holds the largest revenue share of the facial oil market.
Europe is the second-highest revenue-generating region with increased merger and acquisitions of the national and international player in the facial oil market.
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Asia-Pacific region is estimated to have the highest CAGR for facial oil market due to presence of large target population. Increase in research and development activities for innovation will boost the market growth.
The rise in cases of skin problems among population propels Asia-Pacific facial oil market growth. There will be an increased presence of manufacturers during the forecast period owing to market growth.
Facial Oil Market: Key Market Participants
- Shiseido
- Procter & Gamble Co.
- Burberry Group Plc.
- Unilever
- L’Oréal
- Biersdorf AG
- Avon Products, Inc.
- Estée Lauder Companies
The research report on facial oil market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on facial oil provides analysis and information according to market segments such as geographies, application, and industry.
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Facial Oil Market: Segmentation
Based on Product Type
- Anti-aging oil
- Facial cleansing oil
- Face moisturizing oil
- Pre-shave oil
Based on End-users
- Male
- Female
Based on the Distribution Channel
- Online channel
- Offline channel
- Speciality retail stores
- Departmental stores
- Hypermarkets
- Supermarkets
- Pharmacy
- Others
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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