Cosmetic White Oil Market to Grow at 1.4% CAGR by 2027
" COVID-19 impact on Cosmetic White Oil market, size, share, growth, industry analysis, and forecast 2021-2027 "
Cosmetic white oils are highly refined oils produced from conventional paraffinic or naphthenic base stocks. They are artificial oils that are pure, colorless, odorless, and tasteless and used in personal care & cosmetic products. Cosmetic white oils are considered a vital part of most cosmetic formulations, including varying concentrations ranging from 1% to 99%. The inclusion of cosmetic while oil is owing to its benefits enhancement including moisturizing, skin softening, hair conditioning agent, skin protection, solvent, and antioxidants.
The cosmetic white oil is being driven by the increasing consumer emphasis towards grooming and personal appearance. The new product launches, drastic urbanization, and rising per capita incomes are contributing factors to the growth of the cosmetic white oil market. Over the forecast period, the escalating demand for natural and organic products, enticing marketing strategies, and innovative packaging styles are further projected to stimulate market growth. Few other factors which are likely to strengthen the growth of the cosmetic white oil market include changes in lifestyle, rise in disposable income, the requirement for skincare products owing to the varying climatic conditions, change in packaging styles, and attractive marketing strategies.
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Furthermore, the cosmetic industry growth is largely due to the growing emphasis on skin nourishing & care products and growing demand from the emerging economies, which collectively are likely to provide lucrative opportunities for the market.
The Cosmetic White Oil Market research report titled “Cosmetic White Oil Market based on Type, Application, and Geography – Global Forecast up to 2027”
Prominent players of the market are Exxon Mobil Corporation, Asian Oil Company, Savita Oil Technologies Ltd., Royal Dutch Shell Plc, and ТОТАL.
Asia Pacific region will showcase dramatic growth on account of its growth as a lucrative marketplace for cosmetics and skincare products. In India, a substantial amount of white oil consumption goes into cosmetics, and its huge application lies in hairdressing within the cosmetic industry. In addition, the augmenting demand from visiting tourists and others in the region for its cosmetic products is creating a space for heavy production of cosmetics.
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The report consists of 72 Tables and 42 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Cosmetic White Oil Market on the basis of Type
- Liquid Type
- Solid Type
Cosmetic White Oil Market on the basis of Application
- Hair Care
- Skin Care
Cosmetic White Oil Market on the basis of Geography
- North America
- Asia Pacific
- Rest of the World