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Analysts say an increasing demand for natural and organic cosmetics is fueling market growth, with a trend towards emergence of bio-oil.
June 20, 2024
By: Lianna Albrizio
Associate Editor
The global cosmetic oil market size is estimated to grow by $1.92 billion from 2024-2028, according to market research firm Technavio. The market is estimated to grow at a CAGR of nearly 5.02% during the forecast period. Analysts say an increasing demand for natural and organic cosmetics is fueling market growth, with a trend towards emergence of bio-oil. However, a barrier to this growth is the availability of counterfeit products. These products, made with low-quality ingredients, pose h...
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