What Has Been The Historical And Current Growth Of The Vegetable Oils In Beauty And Personal Care Market?
The vegetable oils in beauty and personal care market has seen considerable growth due to a variety of factors.
• The market size for vegetable oils in beauty and personal care has considerably expanded in the past few years. The market value is expected to upsurge from $5.23 billion in 2024 to $5.6 billion in 2025, featuring a compound annual growth rate (CAGR) of 7.0%. This significant growth during the historical period is tied to several factors including the shift towards natural and organic products, increased demand for clean beauty commodities, the booming trend of wellness and self-care, preference for plant-derived ingredients, and increased health awareness in skincare.
What Is The Forecast For The Vegetable Oils In Beauty And Personal Care Market?
The Vegetable Oils In Beauty And Personal Care market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of vegetable oils used in beauty and personal care products is anticipated to witness robust growth in the coming years. It is projected to balloon to $7.95 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%.
This surge during the forecast period can be associated with factors such as the burgeoning demand for versatile ingredients, the increasing trend of DIY beauty, the widespread acceptance of hemp-derived products, the expansion of the vegan beauty market, and cultural impacts on beauty norms. Key trends during the predicted period include the introduction of innovative product formulations, progress in extraction techniques, cooperative efforts and alliances, integration into anti-aging products, along with customization and personalization.
What Are The Essential Drivers Behind The Growth Of The Vegetable Oils In Beauty And Personal Care Market?
The growing understanding of natural components in personal care items is anticipated to drive the expansion of vegetable oils into the beauty and personal care sector. These natural ingredients are chemically derived from sources such as plants, minerals, animals, and microorganisms with no transformative processes involved beyond physical extraction like pressure. As vegetative oils are utilized in skin and personal care products for their repairing, nourishing, and hydrating properties, the demand for vegetable oil in the beauty and personal care industry has surged. For instance, The Organic Beauty and Wellbeing Market Report 2023, issued by the Soil Association, a UK registered charity organization, documents a 15% increase in organic and natural beauty and wellness products accredited by the Soil Association, hitting a peak of £147.6 million ($192.72 million) in 2022. Thus, it can be observed that the escalating consciousness about organic elements in personal care items is powering the surge of vegetable oils into the beauty and personal care sector.
How Is The Global Vegetable Oils In Beauty And Personal Care Market Divided Into 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
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
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What Trends Are Reshaping The Future Of The Vegetable Oils In Beauty And Personal Care Market?
The rising trend in the beauty and personal care market for vegetable oils revolves around product innovation. Leading companies in this market sector are concentrating their efforts on creating new, groundbreaking products to consolidate their market standing. For example, in April 2022, Roelmi Health & Personal Care, a firm based in Italy that exports actives and functionals in Health & Personal Care, unveiled a product called Olifeel Glow. This particular product is lauded for its efficient usage and waste reduction, making use of elements that would have otherwise been discarded. Olifeel Glow's source is the Olea Europaea, a common plant in Mediterranean vegetation, which belongs to the ester’s subgroup. Utilising all components of the Olea Europaea, Olifeel Glow adheres to the biorefinery concept, which reduces waste and byproducts. It is formulated with standardized ingredients for cosmetic usage, similar to olive oil. Olifeel Glow, with its rich, emollient texture, is specially designed to treat aged skin, offering moisturization and a glowing effect, leaving little residue.
Who Are the Key Players In The Vegetable Oils In Beauty And Personal Care Market?
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 Are The Regional Insights Into The Vegetable Oils In Beauty And Personal Care Market?
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
