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Cosmetic Oil Market Assessment & Opportunity Forecast till 2033
The Cosmetic Oil Market Size is anticipated to expand its roots at a steady CAGR of 12.21% between 2023 and 2033. The market is expected to cross a market share of US$ 34.49 billion by 2033 while it is likely to be valued at US$ 10.9 billion in 2023.
The high awareness among end users around cosmetic oil usage and its application in beauty studios as a primer is contributing to the market growth. Furthermore, the different grades of oil for customized usage are also garnering market success.
The increased number of beauty studios increased per capita income, and new organic cosmetic product producers in the market are flourishing the sales of cosmetic oil. further
The high organic and natural composition in advanced cosmetic oil products such as serums, oil, lotions, and hair creams is propelling the market growth.
The increased air pollution and its effect on the body and hair is also pushing end-users to adopt preventive measures. These preventive measures involve new properties such as anti-aging, and anti-wrinkle properties.
The companies running different social media campaigns are also flourishing the concept of natural oil in cosmetic products, which in turn helping the market to gain traction.
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Key Points
• The United States market leads the cosmetic oil market in terms of market share in North America. North America also leads in terms of market share. The growth in this region is promoted by an increased number of working professionals, rising awareness around hair care, and customizable products.
• The United Kingdom’s cosmetic oil market is another significant market from Europe region. Europe holds the presence of beauty and personal care business giants.
• China cosmetic oil market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is attributed to high urbanization and increasing pollution levels. Asia-Pacific region thrives at a CAGR of 5.8% between 2023 and 2033.
• The vegetable oil source type segment is leading the segment as it holds a significant market share. It's due to its easy availability, affordable rate, and multi-purpose usage.
• Based on the application, the hair care segment leads as it held a leading global share in 2022. The growth is attributed to the rising effect of air pollution on hair along with the increasing awareness around scalp nutrition among young people
Competitive Landscape:
The key vendors work on introducing customized oil that targets specific problems. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
The key players in the market are Vcos Cosmetics Pvt Ltd, SOPHIM, Bramble Berry, Aroma Foundry, Uncle Harry's Natural Products, Botanic Choice, Making Cosmetics Inc., A.G. Industries, AOT Organic Products, Marnys
Recent Market Developments:
A.G. Industries has introduced custom formulations & private-label manufacturing that targets wholesalers and individual customers as well.
AOT Organic Products has introduced its long range of cosmetic oils with different mixtures. The company claims these oils to be ecologically and sustainably balanced.
Eyewear Market
Eyewear Market Share, Globe Key Updates, Demand, Size, and Industry Forecast 2023-2026.
The eyewear market refers to the global market for spectacles, sunglasses, contact lenses, and other vision-correction products. This market has grown significantly in recent years, due to factors such as increasing rates of visual impairment, rising disposable income levels, and growing awareness about the importance of eye care.
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The global “Eyewear Market” size is expected to reach USD 172.42 billion in 2028, exhibiting a CAGR of 6.0% during the forecast period, states Fortune Business Insights in a report titled “Eyewear Market, 2023-2028.” The market size stood at USD 114.95 billion in 2021.
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
Key Opinion Leaders associated with Infinium Global Research
Internal and External subject matter experts
Professionals and participants from the industry
What is the goal of the report?
The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyses the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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