The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Beauty Oils market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Beauty Oils
The report offers actionable and valuable market insights of Beauty Oils. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Beauty Oils Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Beauty Oils, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Beauty Oils Market.
Newly released data from the beauty oils market analysis by Fact.MR shows that global demand for beauty oils enjoyed growth of around 6% CAGR from 2016 to 2020. Orange oils are likely to account for 3 out of 10 sales over the coming ten years. Germany is likely to generate significant opportunities for market players, with the beauty industry reaching US$ 15 Bn.
Spending on beauty products have increased by multi fold leading to expansion of beauty oils sales at the same time. Natural and organic beauty products market has expanded significantly owing to new market entrants coupled with product innovation. For instance, 23% y-o-y growth of certified natural and organic beauty product was recorded in 2019, with beauty oils seeing 9th year of consecutive growth.
Moreover, rise in consumer spending coupled with change in consumer preference towards more natural and organic products will boost the demand and sales of beauty oils eventually growing at a CAGR over 8% over the forecast period.
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Key Market Segments Covered
· By Product
- Lemon Beauty Oils
- Lime Beauty Oils
- Orange Beauty Oils
- Mint Beauty Oils
- Peppermint Beauty Oils
- Bergamot Beauty Oils
- Jasmine Beauty Oils
- Geranium Lavender Beauty Oils
- Lavandin Beauty Oils
- Vetiver Beauty Oils
· By Industrial Use
- Beauty Oils for Haircare
- Beauty Oils for Skincare
- Beauty Oils for Makeup
- Beauty Oils for Perfumes
· By Sales Channel
- Beauty Oils for Sold through Modern Trade
- Beauty Oils for Sold at Franchise Outlets
- Beauty Oils for Sold at Specialty Stores
- Beauty Oils for Sold through Online Stores
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Key market players are mainly relying on mix of organic and inorganic growth strategies such as product launches, acquisitions and collaboration. Some of the key developments are:-
- In May 2021, Estée Lauder announced completion of its first phase of ownership increment in the DECIEM Beauty Group Inc which is a Canadian based multi brand company. The company now own about 76% of DECIEM Group. Through this Estee tends to expand its market share taking help from the verticals under DECIEM.
Moreover, with the proliferation of e-Commerce and social media platforms, it has become relatively easy for new entrants to penetrate the business and reach the targeted audience. Also, consumers are mostly benefited from this process as they can choose from a range of products by comparing the prices and ingredients used in the products.
Key Takeaways from Market Study
- The beauty oils business is anticipated to add significant value by 2031.
- Based on product, orange oil is expected to capture a major market share through 2031.
- Online sales channel has shown significant growth in terms of revenue, with major market players now prioritizing e-Commerce platforms for the sales of their products across geographies.
- Europe is set to dominate the market in terms of production over the next ten years.
- The market in India is expected to rise at a high single-digit CAGR through 2031.
- Due to the COVID-19 pandemic crisis, demand for beauty oils was hit in 2020. However, with the rapid growth of online sales channels across the world, the market is expected to bounce back over the coming months and years.
“Introduction of organic and natural products along with product innovation will give an edge to market players operating in this space,” says a Fact.MR analyst.
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Key Question answered in the survey of Beauty Oils market report:
- Sales and Demand of Beauty Oils
- Growth of Beauty Oils Market
- Market Analysis of Beauty Oils
- Market Insights of Beauty Oils
- Key Drivers Impacting the Beauty Oils market
- Which are the Key drivers impacted by Beauty Oils market
- Restraints Shaping Market Growth
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More Valuable Insights on Beauty Oils Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Beauty Oils, Sales and Demand of Beauty Oils, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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