The global white oil market Growth Accelerated by Increasing Cosmetic and Pharmaceutical Applications

White oil products are widely used in cosmetic and pharmaceutical applications as an emollient. It is effective base oil for moisturizing creams, lotions, ointments, and other personal care products. It provides a smooth, non-greasy finish and protects the skin from dryness.

The global white oil market is estimated to be valued at US$ 2.08 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing demand for cosmetic and personal care products across the globe is a major factor driving the growth of the white oil market. The awareness about skin care and personal grooming among the consumers has increased rapidly. They are willing to spend more on branded cosmetic products that contain natural and herbal ingredients. White oil is widely used in skin care creams, lotions, and serums due to its light texture and moisturizing properties. Growing personal care industry has led to increasing consumption of white oil globally.

Segment Analysis

The global white oil market size is dominated by pharmacy grade segment which accounts for more than 50% of the overall market share. White oil used for pharmaceutical and cosmetic application need to meet highest level of purity and quality standards. Thus pharmacy grade white oil, which meets pharmacopeial standards for purity and contamination, finds widespread use in ointments, lotions, creams and other medicated skin and hair care products.

Key Takeaways

The global white oil market is expected to witness high growth over the forecast period of 2024 to 2031. Growth will be driven by rising demand from personal care sectors and innovative product launches. The global white oil market is estimated to be valued at US$ 2.08 Mn in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024-2031.

Regional analysis comprises:

The Asia Pacific white oil market is expected to be the fastest growing regional market during the forecast period. Presence of large population and rapid economic growth has led to surge in demand for consumer goods such as skin care products, hair care products and decorative cosmetics. China is the largest producer and consumer of white oil in Asia Pacific.

Key players related content comprises:

Key players operating in the white oil market are Procter & Gamble (P&G) Chemicals, CREMER, Wilmar, VVF Ltd., KLK OLEO, Inoue Perfumery MFG, Wuhan Yuancheng Gongchuang, Changsha Jianglong Chemicals, Godrej Industries. Procter & Gamble (P&G) Chemicals leads the global white oil market with largest market share owing to strong brand presence and wide distribution network globally.