PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269617
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269617
Global Vegetable Oils in Beauty and Personal Care Market is valued approximately USD 4.16 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.7 % over the forecast period 2022-2029. Vegetable oils are a kind of oil which are extracted from various plant-based sources. They are used in food and for cooking and in cosmeceutical applications. The majority of vegetable oils are found in cosmetic products that are liquid, powder, or solid, including emulsions, moisturizers, face creams, lip glosses, eye makeup, and others makeup products. The increasing demand for vegan cosmetics products and rising focus towards sustainable cosmetics products are key factors driving the market growth.
The rising adoption of vegan cosmetics products is contributing towards the growth of the Global Vegetable Oils in Beauty and Personal Care market. For instance - as per Statista - in 2021, the global vegan cosmetics market was valued at USD 16.29 billion, and further the global vegan cosmetics market is projected to grow to USD 20.8 billion dollars by 2025. Also, increasing demand for environmental-friendly substitutes for mineral oils as well as growing disposable income in developing economies would create lucrative growth opportunities for the market over the forecast period. However, volatile cost of raw materials hinders the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Vegetable Oils in Beauty and Personal Care Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and increasing demand for vegan and plant based personal care products in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising emergence of direct to consumer vegan cosmetics brands and growing expansion of personal care industry in the region would create lucrative growth prospectus for the market over the forecast period.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable