Overview and Scope
Vegetable oils are any oils produced from plants, including seeds, grains, nuts, or fruits. Beauty and personal care refer to an art field that addresses the looks and health of hair, nails, and skin. Vegetable oil in beauty and personal care products improves skin texture, provides antibacterial and antifungal qualities, and soothes and even improves skin appearance.
Sizing and Forecast
The vegetable oils in beauty and personal care market size has grown strongly in recent years. It will grow from $4.91 billion in 2023 to $5.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to shift towards natural and organic products, rise in demand for clean beauty products, growth of the wellness and self-care trend, preference for plant-based ingredients, awareness of health benefits in skincare..
The vegetable oils in beauty and personal care market size is expected to see strong growth in the next few years. It will grow to $7.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to demand for multi-functional ingredients, rising popularity of diy beauty, global embrace of hemp-derived products, growth of the vegan beauty market, cultural influences on beauty standards.. Major trends in the forecast period include innovations in product formulations, advancements in extraction techniques, collaborations and partnerships, incorporation into anti-aging products, customization and personalization..
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Segmentation & Regional Insights
The vegetable oils in beauty and personal care market covered in this report is segmented –
1) By Type: Orange, Sweet Almond Oil, Coconut Oil, Sesame Oil, Avocado Oil, Argan Oil, Macadamia Oil, Castor Oil, Shea Oil, Other Types
2) By Nature: Conventional, Organic
3) By Applications: Color Cosmetics, Skin Care, Hair Care, Other Applications
North America was the largest region in the vegetable oils in beauty and personal care market in 2023 The regions covered in the vegetable oils in beauty and personal care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising awareness of natural ingredients in personal care products is expected to propel the growth of vegetable oils in the beauty and personal care market. Natural ingredients are chemical compounds derived from plants, minerals, animals, or microorganisms. It is obtained by physical extraction (such as pressure), without undergoing any transformation. Natural ingredients such as vegetative oils are used in skin and personal care products for repairing, nourishing, and hydrating skin, thus increasing the demand for vegetable oil in beauty and personal care. For instance, according to The Organic Beauty and Wellbeing Market Report 2022, published by Soil association, a UK-based registered charity organization, there was a 15% growth in organic and natural beauty and wellness products certified by the Soil Association, which reached £138.23 million ($148.61 million) in 2021. Therefore, the rising awareness of organic ingredients in personal care products is subsequently propelling vegetable oils into the beauty and personal care market.
Key Industry Players
Major companies operating in the vegetable oils into the beauty and personal care market are focused on developing innovative products, such as personal care delivery systems, to gain a competitive edge in the market. Personal care delivery systems are systems used to deliver personal care products to the skin, hair, or oral cavity in a controlled and effective manner. For instance, in October 2023, Ashland Inc., a US-based provider of specialty materials, launched the Gantrez soja delivery system. The Gantrez soja delivery system is a biodegradable, naturally occurring substance that is significant to the oral mucosa and enamel, helping to keep oral care actives in the mouth for extended periods of time. It makes it possible to develop cutting-edge oral hygiene solutions with antibacterial properties and sustained freshness. It is a sodium salt of an alkyl maleate-grafted soybean oil.
The vegetable oils in beauty and personal care market report table of contents includes:
1. Executive Summary
2. Vegetable Oils In Beauty And Personal Care Market Characteristics
3. Vegetable Oils In Beauty And Personal Care Market Trends And Strategies
4. Vegetable Oils In Beauty And Personal Care Market – Macro Economic Scenario
5. Global Vegetable Oils In Beauty And Personal Care Market Size and Growth
…
31. Global Vegetable Oils In Beauty And Personal Care Market Competitive Benchmarking
32. Global Vegetable Oils In Beauty And Personal Care Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vegetable Oils In Beauty And Personal Care Market
34. Vegetable Oils In Beauty And Personal Care Market Future Outlook and Potential Analysis
35. Appendix
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