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Vegetable Oils In Beauty And Personal Care Market to Record 8.7% CAGR Growth Through 2029 | Global Analysis Report
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Vegetable Oils In Beauty And Personal Care Market Outlook: How is the Market Expected to Grow by 2025?
The market size of vegetable oils used in beauty and personal care has experienced robust growth in the past few years. It is projected to increase from $5.23 billion in 2024 to $5.53 billion in 2025, witnessing a compound annual growth rate (CAGR) of 5.6%. Factors such as the shift towards natural and organic products, the growing demand for clean beauty products, the rising trend of wellness and self-care, the favoritism towards plant-derived ingredients, and the heightened awareness of skincare's health benefits have contributed to the significant growth during the historic period.
Vegetable Oils In Beauty And Personal Care Market Forecast: What Size Will It Reach By 2029?
In the coming years, the size of the vegetable oils in beauty and personal care market is set to experience a robust increase. By 2029, the market is predicted to have reached $7.73 billion, with a compound annual growth rate (CAGR) of 8.7%. This expansion during the forecast period can be credited to factors such as the need for multi-purpose ingredients, the growing trend of DIY beauty, the worldwide adoption of hemp-related products, the flourishing vegan beauty sector, and cultural impacts on beauty ideals. Key trends projected in the forecast period encompass developments in product composition, improvements in extraction methodologies, collaborations, and partnerships, integration into anti-aging products and the trend towards customization and personalization.
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Which Key Market Drivers Will Shape Vegetable Oils In Beauty And Personal Care Industry Trends in 2025-2029?
The escalating consciousness about the use of natural components in personal care items is predicted to fuel the expansion of vegetable oils in the beauty and aesthetics industry. Derived from sources such as plants, minerals, animals, or microbes, natural ingredients are a chemical concoction obtained physically (like through pressure) without any change. Skin and personal care items utilize these ingredients, such as vegetative oils, for nourishing, replenishing, and moisturizing the skin, thereby escalating the requirement for vegetable oils in beauty and personal care. For example, according to The Organic Beauty and Wellbeing Market Report 2023 by the Soil Association-a registered charity organization in the UK-saw a growth of 15% in organic and natural beauty and wellness products certified by the charity organization, amounting to £147.6 million ($192.72 million) in 2022. Consequently, the escalating consciousness about the use of organic elements in personal care items is pushing vegetable oils' demand in the beauty and aesthetics industry.
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What Are the High-Growth Segments in the Vegetable Oils In Beauty And Personal Care Market?
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
Subsegments:
1) By Orange Oil: Sweet Orange Oil, Bitter Orange Oil
2) By Sweet Almond Oil: Refined Sweet Almond Oil, Unrefined Sweet Almond Oil
3) By Coconut Oil: Virgin Coconut Oil, Refined Coconut Oil
4) By Sesame Oil: Refined Sesame Oil, Unrefined Sesame Oil
5) By Avocado Oil: Refined Avocado Oil, Unrefined Avocado Oil
6) By Argan Oil: Pure Argan Oil, Blended Argan Oil
7) By Macadamia Oil: Pure Macadamia Oil, Blended Macadamia Oil
8) By Castor Oil: Refined Castor Oil, Cold-Pressed Castor Oil
9) By Shea Oil: Refined Shea Oil, Unrefined Shea Oil
10) By Other Types: Jojoba Oil, Olive Oil, Hemp Seed Oil, Other Botanical Oils
Which Global Trends Are Driving Vegetable Oils In Beauty And Personal Care Market Expansion?
Innovations in products are becoming a major trend in the vegetable oils sector in the beauty and personal care market. Many of the leading companies in this market are heavily focused on creating new and unique products to bolster their market presence. To exemplify, Roelmi Health & Personal Care, an Italian company that exports actives and functionals in Health & Personal Care, introduced a product called Olifeel Glow in April 2022. This product stands out because it reduces waste and utilises components that would have been discarded in the past. The product is a result of the Olea Europaea, a typical Mediterranean plant. Olifeel Glow, categorized under the ester's subgroup, makes the most out of all the elements from Olea Europaea. By aligning with the biorefinery concept, this product minimizes waste and byproducts. It utilizes standardized ingredients and is explicitly designed for cosmetic use, akin to olive oil. Besides, it boasts a rich, emollient texture that's specifically crafted for mature skin and delivers moisturizing and luminous outcomes with minimal residue.
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Who Are the Fastest-Growing Companies in the Vegetable Oils In Beauty And Personal Care Industry?
Major companies operating in the vegetable oils in beauty and personal care market include Cargill Incorporated, CREMER OLEO GmbH & Co KG, Sophim Inc, Archer-Daniels-Midland Company, Louis Dreyfus Company B.V., OLVEA Group, Gustav Heess GmbH, Jayant Agro-Organics Limited, Sigma Oil Seeds B.V., ConnOils LLC, 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, Caudalie, Weleda AG, Dr. Bronner's, Aubrey Organics, Natura &Co, Arbonne International, Clarins Group, Jurlique International Pty Ltd, Melaleuca Inc., Neal's Yard Remedies, Union-Swiss
What Is the Regional Outlook for the Vegetable Oils In Beauty And Personal Care Market by 2029?
North America was the largest region in the vegetable oils in beauty and personal care market in 2024 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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