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Vegetable oils in beauty and personal care market to reach USD5.8bn

Source:MarketsandMarkets Release Date:2023-01-17 2080
Food, Beverage & Personal CarePersonal CareRaw Materials & Ingredients
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From USD4.4 billion in 2022, vegetable oils in the beauty and personal care market projected to reach USD 5.8 billion by 2027, growing at a CAGR of 5.7% from 2022 to 2027.

According to MarketsandMarkets™, the Vegetable Oils in Beauty and Personal Care Market is projected to reach USD 5.8 billion by 2027 from USD 4.4 billion by 2022, at a CAGR of 5.7% from 2022 to 2027. 

 

Vegetable oils are used as base ingredients for skin care products because of their positive therapeutic and cosmetic effects on skin health. Vegetable oils contain linoleic acid and retain moisture, especially avocado oil for dry skin. Chemical components inflict damage with usage over a significant period. Hence, there has been a gradual shift towards adopting natural ingredients.

 

For hair care, vegetables oils help address damaged hair. The essential fats also help retain moisture, protect hair from breakage, condition the hair, and minimize dryness.

 

body care_Igor Skryagin_Dreamstime - Copy.jpg

Photo © Igor Skryagin | Dreamstime.com


Cosmetic formulations contain vegetable oils as they help improve hair cuticle strength and naturally increase softness. Lauric acid, present in coconut oil, is known for nourishing and repairing damaged hair. A study, ‘Association of Malassezia species with dandruff’ published in Indian J Med Res in 2014, found that those who applied coconut oil to the scalp had less dandruff. Coconut oil may help prevent the growth of Malassezia, a yeast-like fungus that causes dandruff. Baobab oil has an antioxidant effect and promotes growth and fights hair loss and dehydration. These oils are used to develop products such as hair shampoos, cleansers, and conditioners.

 

Another vegetable oil, sweet almond oil, has up to 30% linoleic acid, an Omega 6 essential fatty acid. Linoleic acid content helps to reduce water loss from the skin's outermost layer (TEWL, Trans-Epidermal Water Loss), resulting in better moisture retention, which is essential for maintaining healthy skin. Sweet almond oil also contains vitamins A, B1, B2, and B6, as well as trace amounts of E and D. Topical vitamin E has been shown to have numerous skin benefits like helping to reduce the symptoms of psoriasis and erythema, may help reduce the risk of skin cancer. Vitamin E also aids in the reduction of wound scarring and the appearance of stretch marks on the skin. SOPHIM (Peyruis, France), Silverline Chemicals (Haryana, India), and Pure Oils India (Noida, India) are a few of the major companies that provide sweet almond oil for cosmetic use.

 

According to the report, the Asia Pacific market is experiencing growing demand for domestic products, and where consumers look for natural oil ingredients such as argan and jojoba oil. The growing awareness of the benefits of vegetable oils for beauty and personal care is also a major factor for driving market growth in the region. Vegetable oils are used in applications such as skin care, hair care, cosmetics, makeup, colour, infant care, body care, and oral care.

 

The APAC region is one of the largest vegetable oil-producing regions; the availability and affordability of these oils and the growing awareness of health benefits in beauty and personal care are expected to drive the market.


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