Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "Massage Oils - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Massage Oils was estimated at US$3.8 Billion in 2023 and is projected to reach US$6.0 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. Geographically, North America and Europe dominate the market, driven by strong wellness and spa industries.
Innovations Shaping the Massage Oil Market
The massage oil market is evolving with innovations in product formulations and sustainable packaging. Organic and all-natural massage oils free from synthetic additives are gaining popularity, particularly among health-conscious consumers seeking clean, eco-friendly products. Additionally, manufacturers are introducing oils infused with CBD and other botanicals to offer enhanced therapeutic benefits for pain relief and relaxation.
Sustainable packaging, including biodegradable and refillable containers, is another key trend in the market, aligning with consumer demand for environmentally responsible products. These innovations are expanding the appeal of massage oils to a broader range of customers, from wellness enthusiasts to athletes seeking recovery aids.
Factors Driving Growth in the Massage Oil Market
The growth in the massage oil market is driven by several factors, including the rising demand for wellness and self-care products, the growing popularity of spa treatments, and the increasing awareness of the therapeutic benefits of massage. As more consumers seek natural and holistic approaches to health and well-being, the demand for massage oils with functional benefits, such as stress relief and muscle recovery, is rising.
Additionally, the expanding wellness tourism industry is driving demand for massage oils in luxury spas and resorts. The shift toward organic and eco-friendly products is also contributing to market growth, as consumers prioritize sustainability in their purchasing decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Almond Oil segment, which is expected to reach US$1.9 Billion by 2030 with a CAGR of a 6.2%. The Olive Oil segment is also set to grow at 6.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 9.7% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Massage Oils market such as Aura Cacia, Bath & Body Works, Biotone, Bon Vital, Fabulous Frannie and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 107 companies featured in this Massage Oils market report include:
- Aura Cacia
- Bath & Body Works
- Biotone
- Bon Vital
- Fabulous Frannie
- Kneipp
- Master Massage
- Natural Bath and Body Products
- Nature's Alchemy
- Raven Moonlight Botanicals
- Scandle Candle
- Soothing Touch
- The Body Shop
- The Himalaya Drug Company
- The Massage Oil Shop
Key Attributes
| Report Attribute | Details |
| No. of Pages | 126 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $3.8 Billion |
| Forecasted Market Value (USD) by 2030 | $6 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Massage Oils - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Wellness and Relaxation Products Drives Growth in Massage Oils Market
- Growing Popularity of Aromatherapy and Essential Oils Expands Addressable Market for Massage Oils
- Technological Advancements in Organic and Natural Oil Formulations Strengthen Business Case for Adoption
- Expansion of Spa and Wellness Centers Fuels Demand for High-Quality Massage Oils
- Increasing Adoption of Massage Oils in Therapeutic and Physiotherapy Treatments Expands Market Opportunities
- Rising Awareness of the Health Benefits of Regular Massages Drives Demand for Specialized Oils
- Technological Innovations in Scented and Skin-Nourishing Massage Oils Propel Market Growth
- Growing Focus on Natural Ingredients and Clean Beauty Trends Expands Market Potential for Organic Massage Oils
- Focus on Reducing Stress and Promoting Holistic Health Strengthens Demand for Relaxation Oils
- Rising Adoption of Massage Oils in Home Use and Self-Care Routines Expands Addressable Market
- Increasing Use of Carrier Oils and Custom Blends in Professional Massage Therapies Fuels Market Growth
- Technological Advancements in Multi-Functional and Anti-Aging Massage Oils Propel Market Expansion
For more information about this report visit https://www.researchandmarkets.com/r/448eq3
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