The Vegetable Oils In Beauty And Personal Care by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vegetable Oils In Beauty And Personal Care, 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..
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.
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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
Top Major Players
Cargill Incorporated
CREMER OLEO GmbH & Co KG
Sophim Inc.
Archer-Daniels-Midland Company
Maverick Oil and Gas Inc.
Product innovations are the key trend gaining popularity in vegetable oils in the beauty and personal care market. Major companies operating in vegetable oils in the beauty and personal care market are focused on developing new and innovative products to strengthen their market position. For instance, in April 2022, Roelmi Health & Personal Care, an Italy-based exporter of actives and functionals in Health & Personal Care launched Olifeel Glow, a product praised for minimizing waste and utilizing useful elements that could have been thrown away in the past. Olea Europaea, a typical plant of Mediterranean vegetation, is the source of Olifeel Glow. It is a useful component that falls under the ester’s subgroup. By making the most of all Olea Europaea components, Olifeel Glow reduces waste and byproducts (the biorefinery concept). It is based on standardized ingredients and specifically designed to be used cosmetically, like olive oil. it has a rich, emollient texture that is specifically created for aged skin and offers moisturizing and radiant results with little residue.
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
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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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