Vegetable Oils in Beauty and Personal Care Market Report 2025

The vegetable oils in beauty and personal care market size has grown strongly in recent years. It will grow from $5.23 billion in 2024 to $5.6 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to shift towards natural and organic products, rise in demand for clean beauty products, growth of the wellness and self-care trend, preference for plant-based ingredients, awareness of health benefits in skincare.

The vegetable oils in beauty and personal care market size is expected to see strong growth in the next few years. It will grow to $7.95 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to demand for multi-functional ingredients, rising popularity of diy beauty, global embrace of hemp-derived products, growth of the vegan beauty market, cultural influences on beauty standards. Major trends in the forecast period include innovations in product formulations, advancements in extraction techniques, collaborations and partnerships, incorporation into anti-aging products, customization and personalization.

The increasing awareness of natural ingredients in personal care products is anticipated to drive the growth of vegetable oils within the beauty and personal care market. Natural ingredients are chemical compounds sourced from plants, minerals, animals, or microorganisms, obtained through physical extraction methods (such as pressure) without undergoing any transformation. Vegetable oils, as natural ingredients, are utilized in skin and personal care products for their repairing, nourishing, and hydrating properties, thereby boosting the demand for vegetable oils in the beauty and personal care sector. For example, The Organic Beauty and Wellbeing Market Report 2023, published by the Soil Association, a UK-based registered charity, noted a 15% increase in organic and natural beauty and wellness products certified by the Soil Association, totaling £147.6 million ($192.72 million) in 2022. Thus, the growing awareness of organic ingredients in personal care products is contributing to the rising demand for vegetable oils in the beauty and personal care market.

The increasing demand for cosmetics is expected to further propel the integration of vegetable oils into the beauty and personal care market. Cosmetics encompass a range of products intended to enhance body odor and improve skin appearance. Vegetable oils play a significant role in cosmetics, serving as natural and versatile ingredients that contribute to the health and appearance of the skin and hair. The growing demand for cosmetics is evident in the rise of beauty product exports. In August 2023, according to The Observatory of Economic Complexity, US beauty product exports increased by 10.4%, reaching $594 million from $538 million in 2022. This surge in demand for cosmetics is a key factor driving the growth of vegetable oils in the beauty and personal care market.

The predominant trend in the vegetable oils within the beauty and personal care market is product innovation, with major companies focusing on the development of new and inventive products to enhance their market positions. An example of this trend is evident in the launch of Olifeel Glow by Roelmi Health & Personal Care in April 2022. Olifeel Glow, derived from Olea Europaea, a typical plant of Mediterranean vegetation, stands out for minimizing waste and utilizing useful elements that might have been discarded in the past. This product is praised for adhering to the biorefinery concept by making the most of all components of Olea Europaea. Olifeel Glow, with its standardized ingredients, is designed for cosmetic use, resembling the characteristics of olive oil. Specifically tailored for aged skin, it offers moisturizing and radiant results with minimal residue, showcasing innovation in the use of vegetable oils in beauty and personal care.

Innovative product development is a focal point for major companies operating in the vegetable oils within the beauty and personal care market, exemplified by the introduction of personal care delivery systems. Personal care delivery systems play a crucial role in the controlled and effective delivery of personal care products to the skin, hair, or oral cavity. Ashland Inc., a key player in this market, unveiled the Gantrez soja delivery system in October 2023. This biodegradable, naturally occurring substance holds significance for the oral mucosa and enamel, ensuring the prolonged retention of oral care actives in the mouth. The Gantrez soja delivery system enables the creation of advanced oral hygiene solutions with antibacterial properties and sustained freshness. It is a sodium salt of an alkyl maleate-grafted soybean oil, demonstrating the innovative strides made in personal care delivery systems within the beauty and personal care market.

In October 2022, Clariant, a Switzerland-based chemicals company, completed the acquisition of BASF’s U.S. operations for a total consideration of USD 60 million. This strategic acquisition aligns with Clariant's disciplined approach to bolt-on acquisitions, offering tangible synergies and reinforcing one of its core segments. The acquisition is expected to contribute to the achievement of Clariant's 2025 targets and marks a significant step in advancing the energy transition away from fossil-based fuels. BASF, the acquired entity, is a Germany-based chemical company known for its involvement in hydrogenated vegetable oil for beauty and personal care.

Major companies operating in the vegetable oils in beauty and personal care market include Cargill Incorporated, CREMER OLEO GmbH & Co KG, Sophim Inc, Archer-Daniels-Midland Company, Louis Dreyfus Company B.V., OLVEA Group, Gustav Heess GmbH, Jayant Agro-Organics Limited, Sigma Oil Seeds B.V., ConnOils LLC, Unilever plc, Johnson & Johnson, Procter & Gamble Co., L'Oréal S.A., The Estée Lauder Companies Inc., Beiersdorf AG, Avon Products Inc., Shiseido Co. Ltd., Colgate-Palmolive Company, Mary Kay Inc., Revlon Inc., Coty Inc., Amway, Kao Corporation, Henkel AG & Co. KGaA, Caudalie, Weleda AG, Dr. Bronner's, Aubrey Organics, Natura &Co, Arbonne International, Clarins Group, Jurlique International Pty Ltd, Melaleuca Inc., Neal's Yard Remedies, Union-Swiss.

North America was the largest region in the vegetable oils in beauty and personal care market in 2024 The regions covered in the vegetable oils in beauty and personal care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vegetable oils in beauty and personal care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Vegetable oils, derived from various plant sources such as seeds, grains, nuts, or fruits, play a significant role in beauty and personal care. These oils contribute to improving skin texture, offering antibacterial and antifungal properties, and soothing and enhancing the appearance of the skin.

In beauty and personal care products, the primary types of vegetable oils used include orange oil, sweet almond oil, coconut oil, sesame oil, avocado oil, argan oil, macadamia oil, castor oil, shea oil, and various others. Avocado oil, extracted from the avocado fruit's flesh, is one of the oils utilized in both culinary and personal care applications. These vegetable oils are available in different forms, including conventional and organic variations, and are employed in a wide range of beauty and personal care products such as color cosmetics, skincare, hair care, and other cosmetic formulations.

The vegetable oils in beauty and personal care market research report is one of a series of new reports that provides vegetable oils in beauty and personal care market statistics, including vegetable oils in beauty and personal care industry global market size, regional shares, competitors with a vegetable oils in beauty and personal care market share, detailed vegetable oils in beauty and personal care market segments, market trends, and opportunities, and any further data you may need to thrive in the vegetable oils in beauty and personal care industry. This vegetable oils in beauty and personal care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The vegetable oils in beauty and personal care market consist of sales of vegetable oils including argan oils used for skin and personal care. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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