Cosmetic Oil Market Size

Cosmetic Oil Market size was USD 62.7 billion in 2024 and is estimated to reach USD 125.6 billion by the end of 2037, expanding at a CAGR of 5.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of cosmetic oil is evaluated at USD 66.1 billion.

The health and wellness trends are major growth drivers augmenting the sales of various types of cosmetic oils. Consumers are becoming aware of what goes in their products, which is boosting the consumption of organically produced cosmetic oil. Even being premium, natural oils such as olive, almond, jojoba, avocado, and rosehip are gaining traction. The effective results of these oils are a prime contributor to their sales growth.

For instance, in July 2024, the analysis by the U.S. Bureau of Labor Statistics estimated that the export price index of essential oils and resinoids accounted for 146.7 in June of the same year. Furthermore, the USDA Foreign Agriculture Service reveals that around 1.12 million metric tons of almonds were produced in the U.S., in 2024. The country accounts for 70% of the global almond production, while Australia captures 11%. The high production of almonds in these economies directly influences their essential oil sales. The abundance of raw materials appeals to several key market players to grab high-earning niche opportunities.

In October 2024, Coty, Inc., a leading beauty & cosmetic product company revealed the estimated FY25 adjusted EBITDA outlook for +9-11% YoY growth. The company calculates a high EBITDA margin in the financial year 2025. The fragrance category of the company is outperforming both in volume and price/mix, further augmenting its revenue growth.