Makeup Oil Market – Introduction
- Makeup oil is a skincare product used to provide moisture to the skin, lock in hydration, and remove makeup. A variety of makeup oils are offered by manufacturers in the market and most of them are concentrated with vitamins A and E. Growing consumer awareness about skincare & grooming is increasing the demand for makeup oil.
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Key Drivers of the Makeup Oil Market
- Rising disposable income and standard of living of consumers is driving the demand for makeup oils in the market. Further, the growing demand for skincare products across the globe has a positive impact on the growth of the makeup oil market.
- A major factor driving the demand for makeup oil is the aspiration of people to look beautiful and young. Makeup oil provides an immediate glowing effect and gives extra nourishment to the skin. In addition, it also smoothens the skin and creates the perfect canvas for makeup. This factor further helps in the growth of the makeup oil market.
Factors Restraining the Makeup Oil Market
- The presence of chemical ingredients in non-organic makeup is a major factor restraining the demand for makeup oil. Also, many countries across the globe imposed lockdown and other restrictions due to the COVID-19 pandemic to stop the spread of the virus, which affected the supply of raw materials and disrupted the distribution channel. This factor hampered the growth of the makeup oil market.
North America to Hold Leading Share of the Global Makeup Oil Market
- In terms of geography, the global makeup oil market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the makeup oil market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The makeup oil market in South America is segmented into Brazil and Rest of South America.
- North America dominated the global makeup oil market in 2020, due to the growing awareness about personal care and increasing skin related problems in the region. Rising standard of living of people has been driving the makeup oil market in North America, particularly in the US and Canada.
- The makeup oil market in North America is projected to expand at a rapid pace, followed by Europe and Asia Pacific during the forecast period.
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Key Players Operating in the Makeup Oil Market
The global makeup oil market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global makeup oil market are:
- Sephora USA, Inc.
- Leland Francis
- Clinique Laboratories, LLC.
- Sunday Riley
- Kao Corporation
- Derma E
- DHC USA, Inc.
- Juice Beauty
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