Global Face Oils Market - 2022-2029

Global Face Oils Market - 2022-2029

Market Overview

Facial oils are those the magical natural oils that are extremely nourishing and emollient in nature and hence are great for delicate facial skin. They have excellent rejuvenating properties and quickly work to restore our skin’s health and glow. Face oils contribute a large number of benefits to skin which has increased demand for oil-based skincare. Facial oil is used for benefits like anti-ageing, hydration, blemish clearing, skin repair and moisturizing. Facial oil includes olive, almond, coconut and essential types of oil.

Furthermore, the growing demand for facial cleansing oil in beauty salons and spas is one of the factors that is driving the global market for face oils. Cleansing face oils not only cleans the face of all dirt and impurities but also moisturizes and hydrates the skin keeping it supple. Thus, there is increased demand for this segment. Thus, owing to these benefits the demand for face oils in various industries such as has increased the demand globally.

Moreover, the availability of face oils at various platforms such as online, offline and others, the correct marketing and advertising of the face oils which conveys the benefits of these oils is attracting the consumers towards it. The increase in availability of organic as well as natural face oils owing to increased demand for organic products that can not cause any harm to the skin, increases the consumer demand which adds to the growth of the market.

The global face oils market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 6.84% during the forecast period (2022-2029).

Market Dynamics: Rise in the focus on skincare due to pollution, genetic disorders and hormonal imbalances

The rise of awareness and ease of accessibility of skincare products through a multichannel approach, including company stores and websites, e-commerce channels and doorstep delivery, etc. is driving the market. The consumers are shifting, from cosmetics to skincare even incorporating multi-purpose products which serve various purposes. In addition, the increasing unfolding advanced standards of beauty, the consumers are veering towards ‘skinmalism’ and skin care products.

In addition, the increasing pollution, genetic disorders and hormonal imbalances is significantly increasing the demand for skincare products as people have started to believe that good skin not only helps in maintaining beauty but also nurtures physical well-being. Furthermore, sticking to a basic skincare routine to experimenting with specific ingredient-based products, customers are looking to focus on healthy skin. In addition to this, while some individuals prefer to shift to an advanced skincare practice which includes various types of facial oils for cleansing, moisturizing and others that adds to growth of the market. For instance, according to WHO, almost all of the global population (99%) are exposed to air pollution levels that put them at increased risk for health diseases as well as skin issues.

However, the side effects associated with the chemicals used in skincare products such as facial oils are restraining the growth of the market.

Market Segmentation: Anti-ageing beauty oils stands for the highest share in global face oils market

In 2021, the anti-ageing beauty oils segment had the highest revenue share of YY percent. The anti-ageing oils such as coconut oil, ginger extract, and vitamin E are naturally occurring ingredients that have significant positive impact on human skin. For instance, both ginger extract and coconut oil include phytochemicals that have anti-oxidant and anti-microbial properties that create a product with added value. These face oils are effective against bacteria and fungi, which are two powerful agents responsible for human skin infections, is anti-aging, and high in antioxidants. Thus, the regular application of such oil shield skin from microbial infections and delay onset of premature aging. This increase in demand for anti-ageing face oils is enabling manufacturers to launch the products. For instance, in December 2020, European manufacturer and distributor of specialty chemicals and ingredients for the personal care products sector, Cornelius has announced the launch of the latest anti-ageing skin care solution from its principal partner Silab.

Geographical Penetration: Asia-Pacific is the dominating region during the forecast period

In 2021, Asia-Pacific had the highest revenue share of YY percent. This is owing to the increased number of skin-conscious customers in developing countries such as China, Japan, and India. In addition, increase in cases of skin problems in India is driving market revenue growth. For instance, the most frequent conditions are the infections of skin 32.6%, followed by conditions affecting skin appendages 19.8%, dermatitis and eczema 18.8%, and others. Furthermore, the most frequent skin and subcutaneous tissue infections were fungi which are 46.7%, followed by scabies and viral and bacterial skin conditions. Dermatitis and acne affected 16.9% and 16.7% of all patients, respectively.

Competitive Landscape:

The global matcha tea market is competitive and comprises players such as Shiseido, Procter & Gamble Co., Burberry Group Plc, Unilever, L’Oréal, Biersdorf AG, Avon Products, Inc., Estée Lauder Companies, Amway and Chanel S.A. among others. The face oils market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities for skin care solutions and rising demand for variety of face oils enables manufacturers to launch new products in the market. In addition, the rise in acquisitions, collaborations, and product developments is driving the growth of the market.

For instance,
• In September 2020, Amway, launched of Artistry Studio Skin, a new line of 9 skin care products that promise to give consumers a “glow get it look.” which includes CBD facial oil.

COVID-19 Impact: Negative effect global face oils market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages, agriculture, personal care and cosmetic industry is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.

The facial oils market had a negative impact due to COVID 19 pandemic due to the shutdown of many companies that affected the manufacturing and trading of facial oil. In addition to this, customers purchasing behavioral changes inclined towards reliable and safe products. Furthermore, supply chain disruption had slow down impacting facial oil market and decreased sales. The rise in demand for e-commerce channel has led to alterations in business marketing strategies. However, there has been increase in the demand for face oils owing increased awareness about the skincare benefits which adds to the growth of the market.

The global face oils market report would provide an access to approximately 58 market data tables, 51 figures and 171 pages