Cosmetic Oil Market Share

Asia Pacific Market Forecast

In cosmetic oil market, Asia Pacific region is expected to hold more than 33.7% revenue share by 2037. The widespread use of essential oils, strong adoption of holistic treatment approaches such as aromatherapy, and high demand for wellness and spa centers are pushing the sales of cosmetic oils in the region.

In India, celebrity endorsement strategies are aiding the key players to boost their sales and revenue growth. The traditional Ayurvedic influence is positively augmenting the consumption of cosmetic oil in the country. For instance, the report by the India Brand Equity Foundation reveals that the country exported around USD 1.24 billion of Ayush and herbal products between 2021 and 2023. This highlights that India is a high-potential marketplace for cosmetic oil market.

Similar to India, the strong use of natural and plant-based solutions for face, hair, and body care is making China a profitable marketplace for cosmetic oil producers. The expansion of essential oil use in cooking and bakery is further opening potential doors for leading companies to earn high profits. For instance, the import value of essential oils and resinoids in the country was calculated at USD 17.6 billion, in 2023.

North America Market Statistics

The North America cosmetic oil market is poised to increase at the fastest pace from 2025 to 2037. The growing use of essential oils in food & beverages, the strong presence of a client base that spends on premium personal care products, and the existence of industry giants are fueling the regional cosmetic oil market growth.

In the U.S., the organic trend particularly for skin care is increasing the consumption of essential oil-based products. The demand for herbal oils such as tea tree, jojoba, and rosehip is widely used for hydration and antiaging skin care. For instance, the Observatory for Economic Complexity estimates that the essential oil export was calculated at USD 693 million in 2022.

In Canada, the clean beauty trend coupled with holistic health and wellness approaches is fueling the focus of individuals on natural beauty products including various cosmetic oils. The strong presence of Asian and Middle Eastern immigrants in the country is also contributing to the cosmetic oil market growth. The country held USD 4.9 million of essential oil export value in 2022, reveals the Observatory for Economic Complexity report.