Cosmetic Oil Market Analysis

Product (Almond Oil, Olive Oil, Coconut Oil, Essential Oil, Others)

The essential oil segment is poised to dominate around 26.4% cosmetic oil market share by the end of 2037. The rising mental health awareness trend is augmenting the use of essential oils in aromatherapies. Aromatherapy service providers are major consumers of several types of essential oils as they effectively aid in treating insomnia, depression, and anxiety. A study by the National Institutes for Health (NIH), reveals that the prevalence rate of insomnia is around 10% to 30%, globally. This underscores that the adoption of aromatherapy for insomnia treatment has a strong potential to fuel essential oil consumption. Also, the rising home wellness trend is accelerating the use of essential oils in daily routines. Europe is estimated to hold the largest share of the essential oil market while Asia Pacific and North America are tying for the second position. Furthermore, in 2023, the U.S. totaled USD 20.09 billion and the U.K. calculated USD 7.6 billion in essential oil imports.

Application (Hair Care, Skin Care, Lip Care, and Others)

The hair care segment in cosmetic oil market is anticipated to hold a dominating position throughout the projected period. The rising focus on scalp health coupled with home care remedies is fueling the adoption of cosmetic oils such as jojoba, olive, and tea tree. The antibiotic and anti-inflammatory properties of these oils are driving their consumption in haircare routines. Apart from this home hair care use, many pharma companies are formulating medicated shampoos, conditioners, and hair oils using cosmetic oils as a base. These cosmetic oil-based hair care products effectively aids in treating issues such as dandruff, hair loss, and even psoriasis. For instance, the Repositório da Produção USP report reveals that 5% use of tea tree oil in shampoo can effectively reduce dandruff.

Our in-depth analysis of the global cosmetic oil market includes the following segments: