Cosmetic Oil

Global Cosmetic Oil Market to Reach US$76.6 Billion by 2030

The global market for Cosmetic Oil estimated at US$60.7 Billion in the year 2024, is expected to reach US$76.6 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2024-2030. Almond Oil, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$35.0 Billion by the end of the analysis period. Growth in the Olive Oil segment is estimated at 3.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$16.5 Billion While China is Forecast to Grow at 7.4% CAGR

The Cosmetic Oil market in the U.S. is estimated at US$16.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Global Cosmetic Oil Market – Key Trends & Drivers Summarized

Why Are Cosmetic Oils Becoming Everyday Essentials in Beauty Routines?

Cosmetic oils have emerged as indispensable elements in modern beauty regimens, moving beyond their traditional roles to become multifunctional powerhouses in skincare, haircare, and personal wellness. Consumers are increasingly drawn to oils for their natural origin, nutrient richness, and ability to address a broad spectrum of concerns such as dryness, dullness, aging, and irritation. Oils like argan, marula, rosehip, jojoba, and coconut are no longer niche—they are now featured across mass-market and luxury product lines alike. The sensory appeal of oils—their smooth texture, natural fragrance, and instant skin-conditioning effects—has further elevated their popularity in both leave-on and rinse-off products. The shift toward holistic self-care, boosted by wellness culture and the influence of social media, has encouraged beauty users to seek out products that nourish not just the skin, but the mind and body too. Moreover, cosmetic oils are often perceived as more “clean” and minimally processed, aligning with the broader demand for transparency in ingredients and formulations. Their ability to blend seamlessly with serums, moisturizers, and even makeup has also made them highly versatile in layered skincare routines.

Is Sustainability the Silent Driver Behind the Cosmetic Oil Boom?

One of the most significant yet understated forces behind the cosmetic oil market’s expansion is the rising emphasis on sustainability and ethical sourcing. As consumers become more eco-aware, they increasingly prefer plant-based, cold-pressed, and organically cultivated oils that carry sustainability credentials. The demand for oils sourced through fair trade, regenerative agriculture, or zero-waste practices is influencing not just purchasing decisions but also how brands position their product lines. Many cosmetic companies are now directly partnering with local farmers and cooperatives to ensure traceability and empower indigenous communities, especially in regions known for high-quality botanicals like sub-Saharan Africa, South America, and Southeast Asia. Sustainable packaging—using recycled glass bottles or biodegradable pumps—is also becoming part of the value proposition for cosmetic oils. Furthermore, innovations in upcycled ingredients—where oils are extracted from waste byproducts like fruit seeds or peels—are introducing a new level of environmental stewardship in product development. These sustainable shifts are helping cosmetic oils move from trend to long-term category staple, especially among green beauty advocates and conscious consumers.

How Is Scientific Rigor Enhancing the Efficacy of Cosmetic Oils?

Once dismissed as overly greasy or simplistic, cosmetic oils are now undergoing a scientific renaissance, with research validating their multiple skin-compatible properties and biochemical benefits. Advances in formulation science have led to the refinement of oil blends that are non-comedogenic, lightweight, and easily absorbed—tailored for different skin types, including oily and acne-prone skin. Clinical studies have highlighted the anti-inflammatory, antioxidant, and antimicrobial properties of specific oils such as tamanu, black cumin seed, and tea tree, making them integral to therapeutic skincare lines. Oil-soluble actives, such as vitamins A, D, E, and K, are also better delivered via oils, enhancing the functional appeal of oil-based serums and concentrates. In haircare, oils infused with strengthening actives are being used to combat breakage, reduce scalp inflammation, and protect strands from environmental damage. Emulsification technologies have further allowed the integration of oils into water-based formulas, expanding their application in cleansers, lotions, and emulsions. As evidence-based claims become a prerequisite for consumer trust, the validation of cosmetic oils through dermatological testing and lab-backed results is reinforcing their status as potent and premium skincare ingredients.

What’s Driving the Unstoppable Growth of the Cosmetic Oil Market?

The growth in the cosmetic oil market is driven by several factors that encompass changing consumer lifestyles, formulation flexibility, and end-use diversification. Technological improvements in extraction methods—such as supercritical CO2 and ultrasonic-assisted techniques—have enabled higher purity levels and better preservation of beneficial compounds, thereby enhancing product quality. From a consumer standpoint, the global inclination toward wellness-oriented, ritualistic beauty care has boosted the preference for sensorial, nourishing formats like oils. A growing acceptance of facial oils, even in traditionally conservative skincare markets, has opened new customer segments. The rise of hybrid beauty—where skincare meets makeup—has created demand for oil-infused primers, foundations, and highlighters, pushing cosmetic oils into the color cosmetics domain. On the distribution front, the growth of direct-to-consumer (DTC) and e-commerce channels has made artisanal and niche oil brands more accessible to global audiences. Additionally, the popularity of DIY beauty and customization has empowered consumers to experiment with pure oils or create their own blends, further fueling market penetration. Finally, the increasing prevalence of skin sensitivities and preference for gentle, minimalist formulations are positioning cosmetic oils as essential components in the evolving beauty ecosystem.

SCOPE OF STUDY:

The report analyzes the Cosmetic Oil market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Almond Oil, Olive Oil, Coconut Oil, Essential Oil, Other Products); Nature (Organic Cosmetic Oil, Conventional Cosmetic Oil); Application (Hair Care Applications, Skin Care Applications, Lip Care Applications, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Amorepacific Corporation
• Avon Products Inc.
• Beiersdorf AG
• Clarins Group
• Colgate-Palmolive Company
• Coty Inc.
• Estée Lauder Companies Inc.
• Henkel AG & Co. KGaA
• Kao Corporation
• L`Oréal Group
• LVMH Moët Hennessy Louis Vuitton SE
• Mary Kay Inc.
• Natura & Co.
• Oriflame Holding AG
• Procter & Gamble Co.
• Puig S.L.
• Revlon Inc.
• Shiseido Company, Limited
• Unilever PLC
• Yves Rocher Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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