Industry Background:
Face oils are the natural oils that are extremely nourishing and emollient in nature and hence are great for delicate facial skin. The face oil has excellent rejuvenating properties and quickly works to restore the skin’s health and glow. Almost all natural oils are good for the skin, but not all oils can be used on the face. Every face oil has a different property and density and is used consequently. The face oils are rich in antioxidants and vitamins and have excellent emollient properties. Hence, face oils are essential to deeply nourish and hydrate the skin on a daily basis. Depending on oil composition, they can be used for cleansing, toning, and moisturizing, and also to pamper skin on a regular basis.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Biersdorf AG (Germany), Estee Lauder Companies (United States), L’Oreal S.A. (France), Procter & Gamble Co. (United States), Burberry Group Plc (United Kingdom), Chanel S.A. (France), Clarins (France), Johnson & Johnson (United States), Kao Corporation (Japan) and Unilever (United Kingdom) |
According to AMA, the market for Face Oil is expected to register a CAGR of 6.1% during the forecast period to 2030. This growth is primarily driven by Rising Incidences of Dry Skin Conditions and Growing Demand for Products Specific to Different Skin Types and Age Group.
Globally, a noticeable market trend is evident Increasing Demand for Anti-Aging Face Oils Major Vendors, such as Biersdorf AG (Germany), Estee Lauder Companies (United States), L’Oreal S.A. (France), Procter & Gamble Co. (United States), Burberry Group Plc (United Kingdom), Chanel S.A. (France), Clarins (France), Johnson & Johnson (United States), Kao Corporation (Japan) and Unilever (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
In August 2023, Indie darling Herbivore Botanicals acquired luxury brand Odacité, signaling a consolidation of the clean beauty space. The combined entity will offer a wider range of organic, plant-based face oils to cater to diverse needs.
In October 2023, The Body Shop partnered with facialist Joanna Czech to launch a limited-edition Rosehip Oil Booster, combining The Body Shop's ethically sourced rosehip oil with Czech's signature facial massage technique.
Regulatory Insights:
FDA regulates cosmetics under the Federal Food, Drug and Cosmetic Act (FD&C Act). Under this law, cosmetics must not be adulterated or misbranded. For example, they must be safe for consumers under labeled or customary conditions of use, and they must be properly labeled. Any color additives they contain must be approved for the intended use, and some must be from batches certified in FDA’s own labs. Packaging and labeling must not be deceptive. If you manufacture or market cosmetics, you have a legal responsibility for the safety and labeling of your products.
Influencing Trend:
Increasing Demand for Anti-Aging Face Oils
Market Growth Drivers:
Rising Incidences of Dry Skin Conditions and Growing Demand for Products Specific to Different Skin Types and Age Group
Challenges:
Slow Adoption Rate of Face Oil in Under Developed Region
Restraints:
Side Effects of Synthetic Ingredients
Opportunities:
High Potential Growth Offered by Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Face Oil Market
- Analysis about New Entrants in Face Oil Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Face Oil Study Sheds Light on
The Face Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Face Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Face Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.