Global Body Oil Market to Grow with a CAGR of 4.63% Globally through 2029
Global Body Oil Market continues to
evolve, driven by the increasing awareness of skin care. The rising demand for personalized
body oil formulation, and natural ingredients is driven by concerns about synthetic additives
and a desire for more sustainable options.
According
to TechSci Research report, “Global Body Oil Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the Global Body
Oil Market stood at USD 3.01 billion in 2023 and is anticipated to grow with a
CAGR of 4.63% in the forecast period, 2025-2029. The Global Body Oil Market has
witnessed dynamic growth and transformation, driven by a combination of
technological advancements, shifting consumer preferences, and the increasing
awareness of skincare.
The Body
Oil Market has experienced substantial growth in recent years, reflecting the
global surge in skincare as skin benefits and cures skin. The market's size is
influenced by factors such as the increasing awareness of body oil usage, the
rise of social media-driven skin culture, and the diversification of changes in
lifestyle, travel, and migration. The
most common types are baby oil, mineral oil, olive oil, sometimes massage
oil, etc. Baby oil tends to sit on top of the skin so it can effectively smooth
the skin as well as even out tones. Look for lightweight and non-comedogenic
formulas that won't clog pores including rosehip, jojoba, and hemp seed oil,
Rose suggests. For dry or mature skin, turn to argan, oat, olive, and grapeseed
oil. Body oil, experts say, can benefit your skin, irrespective of type, during
summer.
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“Global Body Oil Market.”
The
market size is expected to grow upwards in upcoming years, reflecting the
heightened experience among consumers regarding skincare benefits. According to
industry reports and market analysis, the body oil market is projected to reach
a high peak. The robust growth is attributed to the rising demand for skin care
products and the evolving perception of body oil as an essential component of
holistic beauty routines.
One
of the primary drivers contributing to the market expansion is the growing
consciousness among consumers regarding skincare benefits. The consumers become
more informed about the significance of maintaining healthy skin, the demand
for body oil has surged. The awareness campaign, educational initiatives, and
the influence on social media played a vital role in disseminating information
about the nourishing and hydrating properties of body oil. The awareness not
only led to increasing adoption of the body oil across different demographics.
Furthermore,
the natural and organic brand has been the driving force behind the market
growth. Consumers are increasingly inclined towards products that are free from
harmful chemicals and body oil has emerged as a preferred choice due to their
use of natural ingredients. Oil such as coconut, jojoba, and argan known for
their skin-friendly properties have gained popularity. This shift towards
natural formulations aligns with broader trends of clean beauty and emphasizes
the transparency and sustainability of the product ingredients.
Meanwhile, oil like olive, avocado,
canola, sesame, and grapeseed oil are higher in unsaturated fat and
healthier for the heart. The most common types are baby oil, mineral oil,
olive oil, sometimes massage oil, etc. Baby oil tends to sit on top of the skin
so it can effectively smooth the skin as well as even out tones. Look for
lightweight and non-comedogenic formulas which won't clog pores) that include
rosehip, jojoba, and hemp seed oil, Rose suggests. For dry or mature skin, turn
to argan, oat, olive, and grapeseed oil. Body oil, experts say, can benefit
your skin, irrespective of type, during summer. Experts advise looking out for
anti-inflammatory dry body oil, such as rosehip seed and jojoba oil, since they
mimic the natural oil in the skin, so they won't clog pores. When looking for
the best oil to help repair damaged skin, you can't pass up rosehip oil.
While lesser known than vitamin E or argan oil, rosehip oil is a powerful
natural oil for stretch marks, scars, and damaged skin.
The
global Body Oil market is segmented into type, distribution channel, and
region.
Based on the type, the body oil market
is segmented into wet oil and dry oil. Wet oil typically contains heavier
moisturizing ingredients, providing more intense hydration, while dry oil is
lightweight and quickly absorbs into the skin without leaving a greasy residue,
suitable for those preferring a non-greasy feel.
Based
on the region Asia Pacific is
positioned to claim the largest market share in body oil, driven by a cultural
reverence for skincare and a widespread acknowledgment of their skin-enhancing
and anti-aging attributes, propelling heightened usage and market dominance.
Moreover,
the skincare industry's focus on hydration and anti-ageing benefits has
significantly contributed to the market’s growth. Body oil with its deep
moisturizing property and potential anti-ageing effect. The incorporation of
many ingredients for instance vitamin E and antioxidants in body oil
formulations aligns with the industry's ongoing pursuit of products that offer
multifaceted benefits, catering to the evolving needs of the consumers.
Major
companies operating in the global Body Oil market are:
- P&G Group plc
- Avon
- L'Occitane
- Clarins
- Unilever
- Aveda
- Neutrogena
- Suki
- Desert Essence
- E.T. Browne Drug
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“The market for body oil is expanding in
the fast-mover consumer goods sector. Manufacturers are constantly innovating
and introducing new formulations, scents, and packaging designs to cater to
evolving consumer preferences. This continuous product innovation and
diversification have contributed to the expansion of the body oil market,
attracting new consumers and retaining existing ones.” said Mr. Karan Checchi,
Research Director with TechSci Research, a research-based management consulting
firm.
Body Oil –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Type (Wet Oil, Dry Oil), By
Distribution Channel (Online, Supermarkets/Hypermarkets, Others), By
Region, By Competition, 2019-2029, Body oil
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision-makers make sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Body Oil market.
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