Vegetable Oils In Beauty And Personal Care Market Overview 2024-2033: Key Drivers and Insights

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..

Market Overview -
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.

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Growing Awareness Of Natural Ingredients Drives Demand For Vegetable Oils In Beauty And Personal Care
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.

Competitive Landscape -
Major companies operating in the vegetable oils in beauty and personal care market report are Cargill Incorporated, CREMER OLEO GmbH & Co KG, Sophim Inc, Archer-Daniels-Midland Company, Maverick Oil and Gas Inc, Louis Dreyfus Company B.V., OLVEA Group, Gustav Heess GmbH, Jayant Agro-Organics Limited, Sigma Oil Seeds B.V., ConnOils LLC, Grain Processing Corporation, Unilever plc, Johnson & Johnson, Procter & Gamble Co., L'Oréal S.A., The Estée Lauder Companies Inc., Beiersdorf AG, Avon Products Inc., Shiseido Co. Ltd., Colgate-Palmolive Company, Mary Kay Inc., Revlon Inc., Coty Inc., Amway, Kao Corporation, Henkel AG & Co. KGaA, Kimberly-Clark Corporation, The Clorox Company, Caudalie, Weleda AG, Dr. Bronner's, Aubrey Organics, Estée Lauder Companies Inc., Natura &Co, Arbonne International, Clarins Group, Jurlique International Pty Ltd, Melaleuca Inc., Neal's Yard Remedies, Union-Swiss .

Product Innovations Flourish In The Beauty And Personal Care Market
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.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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