The global Skincare Oil Market is expected to register a robust revenue CAGR of 6.2% between 2022 and 2030. Factors such as rising prevalence of various skin disorders, increasing consciousness regarding aesthetic appeal among women as well as men globally, and rapidly growing use of cosmetics and personal care products are expected to drive market revenue growth over the forecast period. For instance, acne is one of the most prevalent skin disease in the United States, affecting around 50 million people each year. Acne generally begins during puberty and affects large number of teenagers and young adults. In addition, around 85% of persons between the ages of 12 and 24 years have at least minor acne. This is expected to fuel demand for products containing tamanu oil, as it is known to reduce acne scars.
Some of the leading players in the global Skincare Oil Market:
Amyris Inc., Biosource Naturals LLC, Connock London, Deoiling Technologies LLP, Eco-Tan Pty Ltd., From Nature With Love LLC, Gromax Agro Chemicals Ltd., Kama Ayurveda Pvt. Ltd., Proganix, LLC, and The Jojoba Company.
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Increasing popularity and use of natural and organic ingredients-based cosmetics, growing purchasing power among users, rising trend of purchasing from E-commerce websites and apps globally, especially in developing countries, are other major factors expected to drive revenue growth of the global market to a significant extent over the forecast period. Consumers are increasingly becoming aware of the harmful effects of synthetic chemicals used to manufacture cosmetics and personal care products. This is leading to shifting preference of users towards natural and organic products, which are perceived to be safer and more effective than synthetic chemicals-based products. In addition, growing number of working women globally, coupled with rising inclination for trying new and innovative natural products such as those products that are easy to carry to office and parties are expected to drive demand for tamanu oil-based skin care products, as these help to maintain youthful appearance.
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Skincare Oil Market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Skincare Oil Market?
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Skincare Oil Market Segmentation:
Product Type Outlook:
- Carrier Oil
- Skincare Oil
- Acne Scars
- Wound Healing
- Burns Sunburns
Distribution Channel Outlook:
- Specialty Stores
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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