As per Future Market Insights (FMI), the global facial oil market value is expected to increase from USD 1,069.0 million in 2023 to USD 1,915.61 million by 2033. Over the next decade (2023 to 2033), global demand for facial oils is projected to increase at 6.0% CAGR.
Facial oils have become increasingly popular in recent years due to their benefits in restoring moisture to the skin and preventing dryness. These oils are made with natural ingredients that are gentle on the skin and free from harmful chemicals. This can be particularly appealing for those who are looking for natural skincare options.
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Facial oil penetrates deep into the skin to help moisturize, nourish, and protect it from damage caused by environmental factors. Rising need for skincare products that can restore moisture and prevent skin dryness is expected to boost the facial oil market.
Similarly, increasing incidence of skin conditions such as eczema and skin irritation will elevate facial oil demand through 2033.
Facial oils are beneficial for people with dry skin or those who live in harsh climates. They can help in replenishing the skin’s natural oils, which become depleted due to factors such as sun damage. These oils also help to improve texture and appearance of skin.
People are looking for new products to incorporate into their skincare routine. Face oils can be a great addition to a skincare routine, providing an extra layer of hydration and nourishment to the skin. The facial oil industry has seen a surge in recent years, with new launches featuring natural ingredients.
For instance, recently Biossance introduced Squalane + Vitamin C Rose Oil. This facial oil contains squalene, vitamin C, and rose to brighten, firm, and hydrate the skin.
Facial oil brands are constantly innovating and improving their products, which has contributed to the growth of the market. For example, Sunday Riley’s Luna Sleeping Night Oil contains a unique blend of retinol, blue tansy, and chamomile to improve the appearance of fine lines, wrinkles, and uneven skin tone.
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Key Takeaways from the Facial Oil Market Study
- Global facial oil demand is likely to surge at 0% CAGR through 2033.
- Based on product type, anti-aging oil category is expected to progress at a CAGR of 0% through 2033.
- By sales channels, online retailers segment is set to expand at a CAGR of 8% throughout the forecast period.
- By end user, female segment is expected to dominate the market with a revenue share of 4% during the forecast period.
- Europe held a significant revenue share of 1% of the global facial oil industry in 2022.
- Russia facial oil industry is likely to exhibit a CAGR of 5% from 2023 to 2033.
- The facial oil industry in China is projected to expand at 2% CAGR through 2033.
“Facial oil brands are offering customized solutions based on individual skin concerns and preferences. This will help them to increase their sales as well as expand their customer base.” – says a lead FMI analyst.
Who is Winning?
Prominent facial oil manufacturers profiled in the report are Shiseido, Procter & Gamble Co., Unilever, L’Oreal, Biersdorf AG, Avon Products. Inc., Estee Lauder Companies, Amway, Chanel S.A, Johnson & Johnson, Chatters Canada, and Kao Corporation among others.
Key market players are focusing on using various tactics to promote new products. They are also focusing on offering & launching new products in the market.
For instance,
- In November 2021, the Australian Brand Grown Alchemist introduced a new range of facial oils, as well as complementary skincare products such as facial cleansers and toners.
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Get More Valuable Insights into Facial Oil Market
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the facial oil market, by presenting historical demand data between 2018 and 2022 and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the facial oil market based on product type (ant-aging oil, facial cleaning oil, face moisturizing oil & others), end user (male, female, unisex), and sales channel (hypermarkets/supermarkets, specialty stores, drug stores & pharmacies, convenience stores, online retailers, other sales channels) across seven key regions.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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